Presentation:
How an Evolving Regulatory Landscape Will Shape the Bioplastics Market
Thursday 15.00 to 15.15, Stage 3
Speaker:
James KennedyTechnology Analyst - IDTechEx
About this presentation
With global plastic consumption projected to double by 2050, recycling alone cannot supply enough sustainable material to meet this surging demand. Bioplastics, the only biobased alternative to petrochemical plastics, have experienced rapid growth but still represent a small share of the overall plastics market. However, this is set to change. IDTechEx forecasts that global bioplastics production capacity will exceed 11.6 million tonnes per year by 2035. Despite challenges such as high costs and market inertia, government intervention is playing a pivotal role in accelerating adoption. Understanding the evolving relationship between regulation and industry players is essential for anticipating market trends. Governments worldwide are shaping the future of bioplastics through bans on single-use plastics and policies promoting sustainable materials. Nowhere is this clearer than in China, where exemptions for biodegradable bioplastics have fueled PLA market growth. Meanwhile, other regions are developing their own regulations, presenting both opportunities and challenges for the industry. This talk will explore: – The current state of the bioplastics market – How China’s regulatory changes are transforming the industry – The varying approaches to bioplastics legislation in different countries Attendees will gain valuable insights into the policies shaping the future of sustainable plastics and what they mean for businesses and innovation in the industry.
Speaker Bio:
James Kennedy is a Technology Analyst at IDTechEx, specializing in sustainability with a particular focus on chemical recycling and bioplastics. With expertise in emerging technologies and market trends, he provides in-depth analysis and strategic insights into the evolving landscape of sustainable materials. His work covers innovations in recycling processes, advancements in bioplastics, and their applications across various industries, helping businesses and policymakers navigate the transition toward a more sustainable future.