MarketsandMarkets: Global Biodegradable Plastics Market to be 2330 Thousand Metric Tonnes by 2016By Marketsandmarkets, PRNE
Tuesday, May 17, 2011
DALLAS, Texas, May 18, 2011 - The "Biodegradable Plastics Market: by Types (Starch, PLA, PHA, PCL and
PBS) Applications, Regulations, Prices, Trends & Forecast (2011-2016)"
analyzes the biodegradable plastics by types and applications and studies the
major market drivers, restraints, and opportunities for the biodegradable
plastics in North America, Europe, Asia, and ROW.
Browse 121 market data tables and figures with 361 pages and in-depth TOC
on Biodegradable Plastics Market: by Types (Starch, PLA, PHA, PCL and PBS)
Applications, Regulations, Prices, Trends & Forecast (2011-2016)
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The increasing demand for renewable and bio-based materials and shift in
consumer preference for eco-friendly packaging is driving the market for
global biodegradable plastics. The global biodegradable plastics market in
terms of volume ('000 metric tons) is expected to grow from 664 thousand
metric tons in 2010 to 2330 thousand metric tons in 2016 at an estimated CAGR
of 20.24% from 2011 to 2016.
Biodegradable plastics offer tremendous potential in various applications
including packaging, electronics, transport, textiles and medical. Amongst
all market segments, the starch-based plastics market commands the largest
share in terms of volume, while PLA-based plastics lead the market in terms
of revenue. Packaging forms the largest application market due to increased
consumer awareness for sustainable packaging. The packaging application
contributed over 50% of the global biodegradable plastics market in 2010. In
PLA-based plastics, textiles applications are expected to have the highest
CAGR of 23.16% from 2011 to 2016.
Europe accounted for the major share for global biodegradable plastics
market; estimated to be 40.6% in 2010. This was primarily due to the fact
that focus on sustainability is significant in Europe, especially in the
European Union. Due to this, Europe is the most regulated market; especially
when it comes to certifying and commercializing new plastic products. North
America forms the second largest biodegradable plastics market in the world.
The market players are focusing on agreement and collaboration in order to
share technical expertise in the production of biodegradable polymers, which
therefore accounted for the highest share of the total competitive
developments in the global biodegradable plastics market from May 2008 to
Industry participants with the most agreements and collaborations; along
with significant product developments include Cardia Bioplastics limited,
Cereplast, Purac, and Telles. In 2011, Cereplast, Inc. concluded a
multi-million dollar distribution agreement with BioWorks Pl for the
distribution of Cereplast bioplastic resins in the Polish market.
Scope of the report
This research report categorizes the global market for biodegradable
plastics market on the basis of product types, applications and geography;
forecasting revenues and analyzing trends in each of the following
On the basis of product type - Starch - PLA - PHA - PCL - PBS On the basis of application - Packaging - Agriculture - Transport - Electronics - Textiles - Medical On basis of geography - North America - Europe - Asia - RoW
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