While plastics based on organic materials were manufactured by chemical companies throughout the 20th century, the first company solely focused on bioplastics—Marlborough Biopolymers—was founded in 1983. However, Marlborough and other ventures that followed failed to find commercial success, with the first such company to secure long-term financial success being the Italian company Novamont, founded in 1989.
Bioplastics remain less than one percent of all plastics manufactured worldwide. Most bioplastics do not yet save more carbon emissions than are required to manufacture them. It is estimated that replacing 250 million tons of the plastic manufactured each year with bio-based plastics would require 100 million hectares of land, or 7 percent of the arable land on Earth. And when bioplastics reach the end of their life cycle, those designed to be compostable and marketed as biodegradable are often sent to landfills due to the lack of proper composting facilities or waste sorting, where they then release methane as they break down anaerobically.
COPA (Committee of Agricultural Organisation in the European Union) and COGEGA (General Committee for the Agricultural Cooperation in the European Union) have made an assessment of the potential of bioplastics in different sectors of the European economy: