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Fully biodegradable plastics market shift was sped up

by：POLYVA 2021-02-04

With the development of the society and the continuous improvement of people environmental protection consciousness, environmental protection way production and packaging food for consumers in general, also make the producers to realize full biodegradable plastics market huge business opportunities. Dupont, cargill, basf and other well-known chemical manufacturers constantly, in the form of mergers and acquisitions, joint ventures into the market. As biodegradable plastics is one of the important suppliers in the world, China accounts for about 20% of global production capacity. From 2009 to 2013, average annual growth rate of more than 21% biodegradable plastics production capacity, China, as more companies to biodegradable plastics new or expansion of the project, production capacity will continue to improve. biodegradable plastics is mainly used in packaging, fiber, agriculture, injection molding, and other fields, the most widely used in the packaging industry, in 2013, accounts for about 60% of the total market, food packaging requirements and accounts for more than 70% biodegradable plastic packaging market share; Is biodegradable plastic injection molding application market demand growth in the main engine. the current European and American area is a key market for biodegradable plastics. According to statistics, in 2013, biodegradable plastics in Europe and North America accounted for 54% of the world and 28% respectively.