02 December 2010 16:42 [Source: ICIS news]
DUSSELDORF (ICIS)--Increasing numbers of established chemical companies will begin to enter the bioplastics industry as changes in consumer behaviour lead to growing demand for such products, an industry source said on Thursday.
“I think established chemical companies already have one ear outside, realising they have to be in some way a part of the bioplastics industry. And I think they are, even in parts, testing it out,” said Hasso von Pogrell, managing director of the European Bioplastics Association.
He was speaking on the sidelines of the fifth European Bioplastics Conference in ?xml:namespace>
“I am pretty confident that [chemical companies’] share in the bioplastics industry is going to grow – and grow rather quickly,” he added.
Von Pogrell said the greatest gain from entering the growing bioplastics industry for big and established chemical companies would be to boost their environmental credentials.
“I think the sustainability issue is the key thought driving big companies forward into bioplastics.
“It certainly isn’t the cost; you are not going to be making a lot more money on bioplastics if you having been selling plastics before, as the cost of manufacturing is at the moment much higher,” he said.
At the conference, von Pogrell said that he had received a lot of positive feedback from companies in the bioplastics industry, which has seen good sales despite the financial crisis.
“There is no one I have spoken to that has not said they have been doing extremely well. This year is going to end well and will continue into next year,” he predicted.
The fifth European Bioplastics Conference runs from 1-2 December.
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