Global bioplastics market will grow rapidly, Asia will become the leader in the injection molding machine

Date：2016-05-27 11:00:59

There are reports that global bioplastics market will grow rapidly, is expected to reach an average annual growth rate of 8% -10%, will increase to $ 1 billion in 2007, $ 10 billion in the year 2020. With new applications in the automotive electronics industry will promote the growth of bioplastics demand, although the packaging will remain the dominant market position, it is expected by 2007 the proportion of 65% to 40% decline in 2025.Injection molding machine business By 2025, Asia will be the market for bioplastics market leader, accounting for 32% market share, followed by Europe at 31 percent, the United States accounted for 28%. Asia will dominate the market if the lead position on the main transgenic plants will be rapid development. In 2007, the bioplastics account for about 10% -15% of the plastics market is expected in 2020 will reach 25% -30%. Primarily due to improved innovation performance bioplastics technology will expand the automotive, medical and electronics industry with the application.

Bioplastics not only environmentally friendly, and its adaptability to the body is also very good, is expected to be used in production can be absorbed by the body after surgery sutures and other medical products.Injection molding machine business.

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