Fully biodegradable plastics market shift is accelerated
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u003cbru003e With the development of society and the continuous improvement of people's environmental awareness, the production and packaging of food in an environmentally friendly manner has been generally recognized by consumers, and manufacturers have also realized the huge business opportunities in the fully biodegradable plastics market. DuPont, Cargill, BASF and other well-known chemical manufacturers continue to enter this market through mergers and acquisitions and joint ventures. As one of the world's important suppliers of biodegradable plastics, China accounts for about 20% of global production capacity. From 2009 to 2013, the average annual growth rate of China's biodegradable plastic production capacity exceeded 21%. As many companies embark on new or expanded production of biodegradable plastic projects, production capacity will continue to increase. u003cbr /u003e
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u003cbru003e Biodegradable plastics are mainly used in packaging, fiber, agriculture, injection molding and other fields. Among them, it is the most widely used in the packaging industry. In 2013, it accounted for about 60% of the total market. Food packaging demand accounted for 70% of the biodegradable plastic packaging market. % Share; the injection molding application market is the main driving force for the growth of demand for biodegradable plastics. u003cbr /u003e
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u003cbru003e Europe and the United States are currently the main markets for biodegradable plastics. According to statistics, in 2013 the European and North American markets accounted for 54% and 28% of the global biodegradable plastics respectively. u003cbr /u003e
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