Germany-based Nova Institute predicts that between 2015 and 2020, the consumption of biodegradable and degradable plastic products in Europe will triple.
A study by the private research called “Consumption of Biodegradable and Degradable Plastic Products in Europe” found that about two-thirds of products currently on the market are degradable bags, which are mainly used for shopping and Collect waste.
Consumption of degradable plastics in Europe will multiply
The study found that 100,000 metric tons of degradable materials were used in 2015, and according to the increase in market demand, it will reach 300,000 metric tons by 2020. The research team analyzed the consumption of biodegradable polymers such as polylactic acid and starch-based plastics in Austria, Belgium, France, Germany, the United Kingdom, Italy, the Netherlands, Spain, Switzerland and Scandinavia. Degradable plastic bags Occupies the European market for biodegradable plastics.
The legal systems and composting facilities of EU member states are either bottlenecks or major drivers of market development. Nova Managing Director Michael Carus said it was surprising that companies have found a real market and product focus.