PepsiCo, Bioplastics and the Search for Green Packaging

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PepsiCo, Bioplastics and the Search for Green Packaging

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PepsiCo has developed a “100% plant-based PET bottle made from fully renewable sources”, and is looking to start pilot product of the new bottle in 2012.

Wednesday, February 29, 2012 - 8:00pm

The global bioplastics market is expected to reach revenues of over US$2.8 billion in 2018, according to Ceresana Research, with annual growth rates averaging 17.8%. While Europe was responsible for about 48% of the market in 2010, followed by North America and the Asia-Pacific, the latter is expected to catch up quickly, with South America also predicted to see strong growth, led by large capacity additions in Brazil.

In 2010, starch-based bioplastics accounted for the bulk of demand, with polylactic acid (PLA) in second place. Other bio-based plastics, such as PHA/PHB, cellulose, PBS and fossil fuel-based biodegradable plastics represented less than 17% of global demand. Ceresana expects non-biodegradable plastics made from renewable feedstocks to increase their market share from the 8% seen in 2010 to over 48% by 2018.

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Keywords: Innovation & Technology | Environment | Green Packaging | Packaging | Pepsico | Responsible Production & Consumption | bioplastics | plastics