Strategic Assessment of the Bioplastics Market in Brazil and Mexico
Both Brazil and Mexico are nascent markets for Bioplastics, which are currently under pilot scales in a several companies, penetrating segments such as food packaging and agriculture films. However, large production scales in Brazil are expected to give a new shape to this market in the region. Competitive production scales and an increasing demand will be crucial to make bioplastics a growing and profitable market in the region. Frost & Sullivan expects that both bio-based and petrochemical plastics will coexist in the market. In the short to medium term, Bioplastics are not considered a threat to petrochemicals, since its volumes will correspond to less than 5% of the total plastics demand.
1. Executive Summary