Bioplastics welcome usher in a good time depending on the situation in the next year or two
Participants agreed on the global bio-resin product market. According to Harald Kaeb, chairman of the International Bioplastics Manufacturing and Consumer Industries Association (IBAW), headquartered in Berlin, the global production of bioplastic resins is currently around 800 million pounds, but according to the announced project plan, the output will exceed 1.3 billion pounds by 2008. . IBAW's members include materials manufacturers BASF in Germany and PolyOne in the US, material consumption giants Danone in France, Procter & Gamble in the United States, and Kraft Foods. According to Kaeb, Sony and Nestlé are also applying bioplastics to their products.
According to Greg Bohlmann, head of the SRI consulting company, the prices of the two major bio-resins, polylactate and aliphatic-aromatic copolyester, have fallen a lot since 1999 and are already very close to the price of GE. Since the sharp rise in oil and natural gas prices in 2003, the price of universal resin has been steadily rising. Bohlmann also said that the price factor has always been the biggest obstacle to application promotion. The adoption of new technologies can further help bio-resin producers reduce costs, use corn, wheat, and straw left after rice harvest as raw materials of the resin, and can also increase productivity and economic efficiency. . The approved bio-resin environment-friendly products can be used in the manufacture of polyurethane roof coatings, water tank top coatings, mattresses, bedding and towels.
A California investment company recently conducted a survey of more than 100 U.S. investors and analysts, showing that venture capital and private equity firms are increasingly interested in this industry. In the second quarter of 2005, the amount of venture capital invested in bio-resin and other 'non-polluting technology' enterprises reached 370 million U.S. dollars, accounting for about 6% of the total U.S. venture investment. At present, there are many successful examples of bio-resin products in Europe. For example, the demand for the Okopack series of biological cling film, trays, and fruit mesh bags from Dutch packaging distributor NNZ is constantly increasing. Some customers choose Okopack products because they are derived from biological materials, and some customers choose it to be fresh. This advantage is extended over time, and does not care whether it comes from biological materials.