Synthetic and Bio-Based Biodegradable Plastics Market: Global Analysis, Size, Applications, Share, Growth and Forecast 2011 - 2018
Albany, New York (PRWEB) May 24, 2014 -- The global synthetic and bio-based biodegradable plastics market is driven by growing demand for eco-friendly materials in mainly packaging industry, cheap feedstock supply and its acceptance by the consumers. Globally, biodegradable plastics find its major use in packaging, agriculture and transportation industries.
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Biodegradable plastics market is classified under two markets, synthetic (petroleum derived) biodegradable plastics and renewable (bio-based) biodegradable market. Most of the countries are shifting towards bio-based biodegradable plastics owing to its eco-friendly nature. Although synthetic biodegradable plastics market is also growing at a steady pace, it still lags behind bio-based alternatives and thus experiences a slightly decreasing market share.
Over the last decade, demand of bio-based biodegradable plastics has increased considerably due to growing demand for eco-friendly materials. Bio-based biodegradable plastics market is segmented on the basis of its types as starch-based plastics, polylactic acid (PLA) and polyhydroxyalkanoates (PHA). The market for renewable biodegradable plastics was 1.9 billion in 2011 and it is expected to reach USD 7.0 billion in 2018.
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The major geographic markets for biodegradable plastics are Europe, North America and Asia Pacific. Europe enjoys the largest market share of the worldwide synthetic & bio-based biodegradable plastics market in 2012 and is expected to lead till 2018. Asia Pacific market is expected to grow at a CAGR of 25.7% from 2011 to 2018.
This research is specially designed to estimate and analyze the demand and performance of synthetic & bio-based biodegradable plastic products in global scenario. This research provides in-depth analysis of synthetic & bio-based biodegradable plastic product manufacturers, trend analysis by segments and demand by geography. The report covers all the major segments of the global synthetic & bio-based biodegradable plastics market and provides in-depth analysis, historical data and statistically refined forecast for the segments covered. The study presents a comprehensive assessment of the stakeholder strategies and winning imperatives for them by segmenting the global synthetic & bio-based biodegradable plastics market as below:
Synthetic Biodegradable Plastics by Types:
- Polycaprolactone (PCL)
- Polybutylene Succinate (PBS)
Bio-Based Biodegradable Plastics by Types:
- Starch based plastics
- Poly Lactic acid (PLA)
- Polyhydroxyalkanoates (PHA)
Synthetic & Bio-Bases Biodegradable Plastics by Applications:
- Packaging (Rigid, Loose fill, Compost Bags etc.)
- Transportation
- Agriculture
- Electronics
- Textiles
- Others
In addition, the report provides a cross-sectional analysis of all the above segments with respect to following geographical markets:
- North America
- Europe
- Asia-Pacific
- Rest of the World (RoW)
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Sheela AK, Transparency Market Research, http://www.transparencymarketresearch.com, +1 518-618-1030, [email protected]
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