DoubleTree by Hilton Sukhumvit Bangkok
"Bioplastics in the circular economy: Sustainability, Product Innovations & Waste Management"
In an increasingly eco-conscious environment, the global market for bioplastics is expected to boom over the next five years, thanks to steadily increasing demand for sustainable products from both consumers and brands alike. There has also been continuous efforts of the bioplastics industry to develop innovative materials with improved properties and new functionalities. However, high processing cost for bioplastics compared to petroleum-based plastics and lack of recycling and composting infrastructure remain as key challenges for the industry.
Nevertheless, the future of the bioplastics market in Asia is bright and promising. China is the world’s largest producer of bioplastics and the increase in production is attributed to the government policies promoting the ban of single-use plastics in China’s foremost provinces including Shanghai, Hainan & etc. These regulations and consumers preference towards environment-friendly products have attracted manufacturers to establish bioplastics plants in these provinces.
In June 2019, ocean plastic waste was one of the issues topping the G20 summit agenda. Japan has unveiled a new policy to recycle 100% of newly produced plastics by 2035 and promote the use of bioplastics from plant-based sources and biodegradable materials. Recently, Japanese government announced a new regulation of plastic shopping bags which requires retailers to charge for the plastic bags they distribute to shoppers beginning July 2020.
Thailand’s government has approved tax breaks for fast food chains and retail outlets that purchase compostable bioplastic-based packaging from local converters. Various stakeholders are also working to establish a composting infrastructure.
Indonesia government has pledged US$1 billion to reduce marine waste by 70 percent by 2025. Recently, the Central Java administration has embarked on a mission to replace plastic packaging with bioplastics made of cassava peel.
Brand owners in Asia have shown great commitments and interests in using bioplastics for their products and packaging. Recent examples include;
Testimonials from 13th bioplastics market
"Great chance to connect with new partners in packaging industry" - RKW Group
"One of the best conferences I have attended in the past 10 years. Every speaker was interesting" - Indorama Ventures
"Nice to know that we are making progress, a step towards addressing post consumer waste packaging" - Del Monte
"Good discussion" - Novamont
"An eye-opening into the world of Bioplastics; An excellent networking opportunity" - Engen Petroleum
"Well represented by the Bioplastics community" - Global Biopolymers
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This event is an excellent platform to promote your organization to influential players and investors in the industry. Sponsorship opportunities available include Corporate, Exclusive luncheon & Cocktail sponsor. |
