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Magnera’s Sontara® brand wins INDA’s® Long-Life Achievement Award at IDEA® 25
Globenewswire· 2025-06-12 14:04
Core Insights - Sontara's EcoRE bags received the IDEA Long-Life Achievement Award at IDEA 25, highlighting their innovation in nonwovens and engineered fabrics [1] - EcoRE material is made from cellulosic fibers, certified for home composting, and offers exceptional strength and durability [1][2] - The material serves as a sustainable alternative to traditional synthetic materials, particularly in light of global plastic bag bans [3] Product Features - Sontara EcoRE is the first nonwoven material of its kind, providing a cost-effective alternative to woven fabrics while maintaining high strength without added binders [5] - The bags are designed for high-performance and semi-durable applications, such as shopping bags, due to their textile-like properties [5] - EcoRE material is available as finished bags with personalization options and as versatile nonwoven material for various applications [6] Company Overview - Magnera Corporation serves over 1,000 customers globally, offering a diverse range of material solutions across multiple industries, including hygiene products and construction [9] - The company operates 46 production facilities and employs over 9,000 people worldwide [9] - Magnera has a long-standing commitment to innovation, sustainability, and performance, continuously adapting to meet changing market demands [10]
Bioplastics Global Overview Report 2024-2030: Fluctuating Petroleum Prices Drive Manufacturers Toward Biomass-Based Plastics
Globenewswire· 2025-03-06 15:56
Core Insights - The global bioplastics market is projected to grow significantly, with volume demand expected to reach 5.9 million tons by 2030, reflecting a CAGR of 16.9% from 2024 to 2030. The market value is anticipated to rise to US$44.3 billion by 2030 from US$14.1 billion in 2024, driven by environmental awareness and regulatory measures [3][5]. Market Overview - The report analyzes the bioplastics market globally and regionally, focusing on types and applications from 2021 to 2030, with projections for 2024 to 2030 [1][2]. - Major companies in the bioplastics sector are profiled, highlighting their roles in market development [1]. Regional Analysis - Europe leads the global bioplastics market due to high consumption, R&D activities, and stringent environmental regulations. The region's automotive sector and demand for bio-based packaging materials are key drivers [6]. - The Asia-Pacific region is expected to experience the fastest growth in bioplastics demand, supported by government regulations, production capabilities, and a growing population [7]. Type Analysis - Biodegradable bioplastics are projected to dominate the market due to their versatility and demand from various sectors, including textiles and packaging. Concerns over plastic pollution and regulations banning single-use plastics are expected to boost this segment [8]. - Non-biodegradable bioplastics also have significant applications in automotive and food packaging, valued for their durability and cost-effectiveness [9]. Application Analysis - The packaging sector is the largest application for bioplastics, driven by the need for eco-friendly alternatives amid growing plastic waste concerns [10][11]. - The automotive and transportation sectors are anticipated to see the fastest growth in bioplastics usage, attributed to their strength-to-weight ratio and fuel efficiency benefits [11][12].
2,5-Furandicarboxylic Acid (FDCA) Strategic Industry Report 2024-2030: Robust Chemical Consumption to Benefit Demand for Furandicarboxylic Acid, Increasing Use of FDCA in Pharmaceutical Applications
Globenewswire· 2025-03-03 09:06
Market Overview - The global market for 2,5-Furandicarboxylic Acid (FDCA) was valued at US$548.9 Million in 2024 and is projected to reach US$794.0 Million by 2030, growing at a CAGR of 6.3% from 2024 to 2030 [2][10]. - The PET Application segment is expected to reach US$473.1 Million by 2030 with a CAGR of 6.7%, while the Polyamides Application segment is set to grow at a CAGR of 6.3% over the analysis period [1]. Regional Analysis - The U.S. market for FDCA is valued at $138.5 Million in 2024, and China is forecasted to grow at an impressive 9.0% CAGR to reach $73.4 Million by 2030 [1]. - Key regions also include Japan, Canada, Germany, and the Asia-Pacific, which are expected to show significant growth trends [1]. Growth Drivers - The growth in the FDCA market is driven by technological advancements, increasing regulatory support for sustainable materials, and growing consumer demand for eco-friendly products [4][5]. - Rising consumer awareness about the environmental impact of plastic waste is boosting demand for sustainable packaging solutions [5]. Production Technologies - FDCA production involves the catalytic conversion of biomass-derived carbohydrates, such as fructose, through various chemical processes [6]. - Enzymatic methods are being explored for their specificity and environmental benefits, alongside integrated biorefinery approaches to enhance economic viability [7]. Trends and Innovations - Current trends in the FDCA sector emphasize sustainability and innovation, with a focus on new feedstocks and catalysts to improve production efficiency [8]. - Collaborations between industry and academia are accelerating the commercialization of FDCA and its derivatives, with a growing interest in recycling and reduced fossil resource dependence [9]. Applications - FDCA is emerging as a key player in sustainable packaging, particularly in the production of polyethylene furanoate (PEF), which can substitute for polyethylene terephthalate (PET) [3]. - The versatility of FDCA allows for high-performance polymers in diverse applications, including packaging, textiles, coatings, and adhesives [5].