European Bioplastics: Global Bioplastics Industry Poised for Major Expansion and Innovation

JOHANNESBURG--June 24, 2008--Researched by Industrial Info Resources (Sugar Land, Texas)--The global bioplastics industry is at the beginning of a major phase of production expansion and commercial product innovation. European Bioplastics (Berlin) reports that global production will quadruple from 300,000 tons to more than 1 million tons per year by 2011. The company has commissioned a study to analyze the potential for bioplastics to be published at the end of 2008 and has predicted that the European market for bioplastics could reach 5 million tons by 2020. Currently, bioplastics production represents 0.25% of the world's plastics production at about 200 million tons per year.

Companies featured: Dow Chemical Company (NYSE:DOW), Metabolix (NASDAQ:MBLX), Charoen Pokphand Group (HKG:0043), Teijin Limited (TYO:3401), Hitachi Zosen Corporation (TYO:7004)