Posted in | News | Plastics and Polymers | Packaging

New Report on Global Biodegradable Plastics Market

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MarketResearch.com has expanded its packaging markets report portfolio with the addition of a new report on global biodegradable plastics market. The report includes the forecast from 2000 to 2016, market trends, prices, regulations, plastic types and applications.

The biodegradable plastics have a wide range of applications, including medical, textiles, transport, electronics and packaging. Packaging is the major application sector as consumers move to sustainable packaging and this application generated more than 50% of the worldwide biodegradable plastics business in the year 2010. The starch-based plastics lead the market on volume basis and PLA-based plastics on revenue basis.

The major factors that drive the biodegradable plastics market are consumers’ shift towards eco-friendly packaging and rising demand for bio-based and renewable materials. The report shows that the market is expected to reach 2330,000 metric tons in 2016 from 664,000 metric tons in 2010. The estimated CAGR growth rate is 20% from 2011-2016.

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http://www.marketresearch.com/

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