CONTINUED STRONG GROWTH GLOBALLY FOR BIOMATERIALS

The market for biomaterials continues to show strong growth, despite a global downturn in the demand for plastics during the pandemic and the introduction of disappointing European legislation for single-use plastics, according to a market study by the nova-institute.

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The result of the study was presented during the 17th annual European Bioplastics Conference, held in Berlin on December 6th and 7th, and corresponds well with what GAIA BioMaterials have experienced in the market, with increasing interest for Biodolomer among potential customers.

According to the study, the global production capacity for biomaterials reached 2,2 million tons in 2022 and is set to increase to 6,3 million tons in 2027. Packaging remains the largest industry, using around 48% of all materials produced.

The study also confirms the ongoing trend of Asia becoming the leading region for biomaterials production with a 40% share, projected to surpass 60% by 2027. Europe still accounts for a quarter of all production, but political decisions – recent and proposed future – risk demoting Europe to a peripheral role. By contrast, legislators in countries like India and China have favoured biodegradable biomaterials over non-biodegradable alternatives. As recently as July 2022, India banned several single-use plastics products but exempted those made from biodegradable and compostable biomaterials.

European policymakers pride themselves on leading the way in transitioning into the circular economy. When it comes to biodegradable and compostable biomaterials, the route they have chosen so far risks leading them down a dead end.

Gaia BioMaterials is a Swedish company that develops and produces biodegradable biomaterials. With our patented material, Biodolomer®, we are revolutionizing the plastics industry and contributing to a cleaner and healthier planet. Biodolomer® is inspired by a half-a-billion-year-old packaging design from Mother Earth – the egg. Read more.

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