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  • Number of pages : 30 pages
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  • Last update : 05/10/2021
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1 Market summary

1.1 Presentation

Bioplastics cover agrosourced or agroplastic plastics from renewable resources such as corn, sweet potato, wheat, sugar cane or castor oil. The term "bioplastic" also refers to biodegradable plastics including plastics from petrochemical reactions

It is possible to use bioplastics at the same time during manufacture:

  • d’ disposable items
  • d’ non-disposable items (example: mobile phone boxes). Indeed, the use of bioplastics reduces greenhouse gas emissions during the production process.

The bioplastic applications are numerous . Examples include: food packaging, bags, agriculture, disposable products, hygiene and cosmetic products, the automotive sector

The global bioplastics production capacities are growing and are expected to continue to grow in the coming years, with packaging being the main market. The bioplastics market is becoming increasingly attractive the food giants fond of more environmentally friendly production methods

However, the production of bioplastics faces two major criticisms. First, competition with the food sector, given the origin of the products used to produce it, and then the enormous need for water and arable land

The Belgian bioplastics market is based in particular on an increasingly environmentally conscious consumer base even if bioplastics still suffers from a lack of notoriety. Hence the importance of labels which make it possible to communicate and certify the reliability of products and thus gain the confidence of these consumers

The bioplastics sector is also driven by the research and development and the different innovations for increasingly diverse applications such as water-soluble thermoplastic

 

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Latest news

BASF: the Ludwigshafen giant sinks into crisis - 22/01/2024
  • BASF profits: 45% fall between 2022 and 2023.
  • BASF earnings before interest and taxes in 2023: 3.8 billion euros.
  • BASF sales in 2023: €68.9 billion, a decline of 20%.
  • Proposed transaction: sale of Wintershall Dea to Harbour Energy for approximately $2.15 billion.
A new BASF boss to tackle a number of mammoth projects - 21/12/2023
  • BASF employs around 111,000 people
  • BASF is currently cutting 2,600 jobs
  • BASF has sales of €87.3 billion, but profits have fallen by 40%.
  • BASF has embarked on a far-reaching restructuring program that extends to its three main business sectors: crop protection, battery materials and coatings.
  • Construction of a new €10 billion site in China.
  • BASF generates 45% of its sales in Europe.
Historic turn at German giant BASF | BASF pivots towards the future - 08/12/2023
  • BASF is the world's largest chemical company, with 111,000 employees.
  • The group generated sales of 87.3 billion euros.
  • BASF makes three main activities commercially independent: crop protection, battery materials and coatings.
  • 230 production sites worldwide.
  • The world's largest chemical complex, with around 40,000 employees, is located in Ludwigshafen in Rhineland-Palatinate.

Companies quoted in this study

This study contains a complete overview of the companies in the market, with the latest figures and news for each company. :

Solvay
BASF
Yield 10 (Metabolix)
Fost PLus
Go4Circle
TÜV Austria
Novamont
Alpagro Packaging
Sphere (Propsac au Belenux)
Lactips

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the bioplastics market | Belgium

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