Key Players in Biodegradable Plastics Market NatureWorks LLC (U.S.), Novamont S.p.A. (Italy), Synbra Technology bv (Netherlands), Metabolix Inc. (U.S.), Meredian Inc. (U.S.), Tianjin Green Bio Science Ltd (China) and others
(PRWEB) October 24, 2014
This research report “Biodegradable Plastics Market by Type (PLA, PHA, PBS, Starch Based Plastics, Regenerated Cellulose, PCL), by Application (Packaging, Fibers, Agriculture, Injection Molding) - Global Trends and Forecasts to 2019”, defines and segments the global biodegradable plastics market with an analysis and forecast of its global volume and value.
Browse 75 Market Data Tables and 54 Figures spread through 178 Slides and in-depth TOC on “Biodegradable Plastics Market by Type, by Application - Global Trends and Forecasts to 2019”.
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The report also defines driving and restraining factors for the global biodegradable plastics market with the analysis of trends, opportunities, burning issues, winning imperatives, and challenges. Some of the drivers include use of renewable and bio-based materials, increasing awareness regarding packaging waste, and landfill which is currently having high impact in the market. However, in the near future, efficient composting facilities and proper waste management will lower down the impact. There are some opportunities which will change the dynamics of biodegradable plastics industry in the years to come, which include increased applications of biodegradable plastics in end-use sectors such as electronics, transport and medical. The market is forecasted on the basis of major regions, such as North America, Europe, Asia-Pacific, and Rest of the World (RoW) by both value and volume. The regional biodegradable plastics market is further segmented on the basis of major application.
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The market for biodegradable plastics is expected to increase in Asia-Pacific and RoW due to the increased demand in its applications, such as fibers, injection molding, and packaging. In North America, the increasing demand for biodegradable plastics can be attributed to the growing injection molding industry, which is expected to register a CAGR of 19.50% in coming years.
Growing intra- and inter-competition among biodegradable plastics is expected to have moderate effects on the growth of biodegradable plastics market in the long term.
There are certain factors that are expected to retard the market growth in the future as below::
- Cost competitiveness of biodegradable plastics over conventional plastics
- Durability of biodegradable plastics
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NatureWorks LLC (U.S.), Novamont SpA (Italy), Ecomann (China), Herbin Livan (Hungary), Synbra (Netherlands), Metabolix Inc. (U.S.), Rodenburg (Netherlands), Meredian Inc. (U.S.), Tianjin Green Bio Science Ltd. (China), Biotech (Germany), Corbion nv (Netherlands), Cereplast Inc. (U.S.), and Plantic Technologies Ltd. (Australia) are some of the major manufacturers of biodegradable plastics.
The global market for biodegradable plastics is growing at a sharp pace with North America as a leading consumer, followed by Europe, Asia-Pacific, and RoW. The major applications for biodegradable plastics are packaging, fibers, agriculture, and injection molding. Packaging is the largest application for biodegradable plastics. The Asia-Pacific region, with a CAGR of 14.51%, is currently the fastest-growing market for biodegradable plastics.
This report follows both top-down and bottom-up approaches to estimate and forecast the global biodegradable plastics market by volume and value. This report focuses on the global biodegradable plastics market by its type, application, and geography.
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