The report, entitled “Bio-based Building Blocks and Polymers—Global Capacities, Production and Trends 2018-2023,” states that 2018 bioplastic production hit 7.5 million metric tons—just 2% of petrochemically produced bioplastics—although the bioplastics segment is poised to grow 4% annually through 2023. Increases can mostly be attributed to new polylactic acid capacity, nova-Institute says.
Biobased polyethylene furanoate will only be available in commercial quantities after 2023, it adds.