ASIA - In the fourth of our special editorial series ‘Bioplastics 101’, we examine the growth potential in Asia for this alternative sustainable performance packaging material.
Over the past 20-30 years, Southeast Asia has seen an influx of FMCG MNC manufacturing flooding into the region. FMCG pressure has helped push up packaging production technology levels in Southeast Asia, as the major brands demand standardised quality packaging that they can ship to other Southeast Asian countries and, for some of the more premium products, to other regional geographical markets including Europe and the US.
The growth rate of the adoption of bioplastics packaging by global brands across different end-use sectors in the developed markets is significant enough to increase the likelihood of such sustainable packaging options eventually appearing in greater volumes in Asia, including Southeast Asia.
Coupled with NatureWorks’ plans to build their second Ingeo plant in Southeast Asia in the near future, preferably in Thailand – thereby making PLA resin more readily available for conversion in Southeast Asia to serve the region with “local” supply – it is only a matter of time before a brand owner such as Danone for example, decides it is perhaps time to fully standardise its packaging globally and extend its Ingeo yoghurt packaging to its brands sold in Asia too. Such a future is not inconceivable.
The question is, are manufacturers in Asia ready to meet this packaging market trend?
See other articles in the Bioplastics 101 series:
- Bioplastics 101: What are Bioplastics?
- Bioplastics 101: The Sustainability of Bioplastics Packaging
- Bioplastics 101: The Market for Bioplastics
The full article is available in the October 2015 issue of Packaging Business Insight Asia. To find out more, click here.