A UK bioplastics sector could add £2 billion to the economy just through packaging with a proper legislative framework, according to a report carried out by Centre of Economics and Business Research (CEBR).
The report also claims that a developed domestic bioplastics industry could create 35,000 jobs, generate £1 billion in gross employment compensation and produce 120,000 tonnes of flexible and food-service packaging.
CEBR carried out the study, presented yesterday (21 October) at an event at the House of Lords, on behalf of the Bio-based and Biodegradable Industries Association (BBIA). The meeting was hosted by Lord Jamie Lindsay to introduce the BBIA to industry leaders, government officials and policymakers.
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