18 August 2010 17:32 [Source: ICIS news]
TORONTO (ICIS)--European bioplastics production could more than triple within 10 years on the back of EU government support measures, US-based bio-plastics firm Cereplast said on Wednesday.
There are "numerous possibilities there as the European market is growing at a pace that is outpacing supply”, said Cereplast CEO Frederic Scheer.
"This is due to stricter regulations, such as those that ban the use of traditional plastic bags, and increasing environmental concerns over the impact of oil-based plastics," Sheer said.
Currently, about 40% of Cereplast’s exports to go ?xml:namespace>
Cereplast, citing an industry study by trade group European Bioplastics, said by 2020 bioplastics’ market share in
The company pointed to initiatives in
Cereplast media officials did not respond to a call requesting additional information.
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