Bioplastics Market to reach a market value of $3.94 billion in 2014
LONDON, Oct. 15, 2014 /PRNewswire/ -- Prospects for Biobased / Non-Biodegradable Packaging, Consumer Electronics / Products, Catering, Agriculture & Pharmaceuticals
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The bioplastics market will reach a market value of $3.94 billion in 2014. The global bioplastics market is a small but significant sub-sector of the plastics industry. Bioplastics is an environment-friendly method that does not occupy landfills. Moreover, plants provide a cheap and sustainable alternative to their petroleum counterparts. In the coming years, economics, legislation and environmental issues will all drive policies to support sustainable growth across the nations and various industries. Bioplastics will have an increasing importance and market share in the plastics industry as well as a material in general over the coming years.
The plastics industry has been faced with continuous pressures from the government, consumers and the media and being coerced to consider how it can make its products more sustainable. Faced with pressing issues of high raw material costs and increased dependence on crude oil, 'sustainable plastics' has become a top priority for the plastic material sector. Manufacturers in response are constantly analysing the changing market trends to innovate their products in order to stay in competition.
In recent times, new and stringent environmental protection regulations in the world have forced countries to rethink their environmental protection strategies. Major changes in the climate have made people more determined to become environmentally friendly. The plastic industry and in particular the plastic packaging industry like all other consumer goods industries reacted and began a series of innovations in sustainable packaging products. Moreover, with the decrease in available fossil fuel reserves and increase in cost of petrochemicals, industries require renewable resources to become sustainable.
Emerging new trends also often require changes in the laws and regulations which govern the market. This in turn causes substantial change in the investment plans directed at the development of new technologies to accommodate the new trends. As ecological considerations continue to rise, the bioplastics industry will also see a rise in investments to establish pollution prevention methods and equipment. Strong environmental movements in the EU, Japan and US raise a concern about sustainability, global climate change and waste disposal options, creating a market opportunity for natural compostable bioplastics.
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View of the global bioplastics market; and analysis to keep your knowledge ahead of your competition and ensure you exploit key business opportunities
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Our report provides 109 tables, charts, and graphs
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- TetraPak: Tetra Pak is a multinational food packaging and processing company. The company offers packaging solutions, filling machines and processing solutions for dairy, beverages, cheese, ice-cream and prepared food, including distribution tools like accumulators, cap applicators, conveyors, crate packers, film wrappers, line controllers and straw applicators.
- Vineet Dalal, Natur-Tec: Northern Technologies International Corporation develops and markets a portfolio of bio-based and/or biodegradable polymer resin compounds and finished products under the Natur-Tec brand. The company has a broad bioplastics portfolio which spans flexible film, rigid injection moulded materials, and engineered plastics. These applications allow for the production of 100% certified biodegradable and compostable finished products, such as bags, foodservice products, and product
- Timo Tillikainen, Sonja Haug, Huhtamäki Oyj: Huhtamaki is a forerunner in biodegradable and compostable packaging applications. Today, two of their business segments work actively with biodegradable plastics solutions and have several products in their range.
Discover sales predictions for 10 key end use submarkets from 2014-2024
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- Biodegradable bioplastics submarket forecast 2014-2024
- Biobased/Non-biodegradable bioplastics submarket forecast 2014-2024
- Bottles bioplastics submarket forecast 2014-2024
- Other packaging bioplastics submarket forecast 2014-2024
- Consumer products submarket forecast 2014-2024
- Consumer electronics/automotive bioplastics submarket forecast 2014-2024
- Catering bioplastics submarket forecast 2014-2024
- Agriculture bioplastics submarket forecast 2014-2024
- Pharmaceutical/Medical bioplastics submarket forecast 2014-2024
- Other bioplastics submarket forecast 2014-2024
Understand the prospects for bioplastics companies in 5 regional markets – where will the highest revenues and opportunities occur?
- Learn about the market potential for bioplastics companies in the developed and developing countries, from 2014 onwards.
- North America forecast 2014-2024
- South America forecast 2014-2024
- Asia forecast 2014-2024
- Europe forecast 2014-2024
- Rest of the World forecast 2014-2024
Explore the factors affecting product developers, and everyone within the value chain. Learn about the forces influencing market dynamics.
- Explore the strengths, weaknesses, opportunities and threats (SWOT) affecting the industry and product advances. Discover what the present and future outlook for business will be. Learn about the following business critical issues -
- Research and development (R&D) strategy
- Technological issues and constraints.
- Supply and demand dynamics
- Increasing specialisation by leading players
- Advances in product quality
Identify who the 19 leading companies are in the bioplastics industry
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- BASF SE
- The Dow Chemical Company
- NatureWorks LLC
- Braksem
- Cereplast
- Novamount
- Metabolix Inc
- Kaneka Corporation
- Cardia Bioplastics Limited
- Perstrop Group
- Natur-Tec
- Biome Technologies PLC
- Plantic Technologies Ltd
- Teijin Limited
- Corbion Purac
- Storopack
- Biosphere Industries LLC
- Pregis Corporation
- DaniMer Scientific LLC
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