Global Bioplastic Industry 2013-2018: Trend, Forecast, and Opportunity Analysis, January 2014
WEST HARTFORD, Conn., April 16, 2014 /PRNewswire-iReach/ -- Global Information Inc. announces the addition of a new market research report "Global Bioplastic Industry 2013-2018: Trend, Forecast, and Opportunity Analysis, January 2014" at GIIResearch.com
The global bioplastic industry is expected to witness significant growth and reach an estimated $7.02 billion by 2018. The major forces that are driving bioplastic market are high consumer acceptance, danger posed by climate change, increasing price of fossil materials, and dependence on fossil resources.
Lucintel, a leading global management consulting and market research firm, has conducted a detailed analysis on the bioplastic industry and presents its findings in "Global Bioplastic Industry 2013-2018: Trend, Forecast, and Opportunity Analysis". The wide variety of bioplastic applications under development is a positive factor for growth of bioplastic which also helps to capture market share from competing materials; huge potential lies within the fields of consumer electronics and automotive. On account of new technological developments, bioplastics are moving out of the niche and entering the mass market. Although full market penetration is just beginning, bioplastic materials and products are multiplying continuously. Multinational brand owners such as PepsiCo and Tetra Pak in the packaging market or Ford, Mercedes, Volkswagen, and Toyota in the automotive market have launched or integrated bioplastic products.
Lucintel highlights some of the major challenges likely to be faced by the industry. Bioplastics are generally two to three times more expensive than the conventional plastics. Currently, bioplastic resins cost at least twice as much as petro plastic resins. Price considerations will be the primary determinant for the success of bioplastic market. It is expected that rising petroleum costs will allow some bioplastic resins to be able to achieve price parity with conventional plastics. As crops are used for bioplastic manufacturing, use of hazardous chemicals such as pesticides in land for agriculture production is much common in practice. The use of arable land and edible crops to produce bioplastics is increasingly perceived as an undesirable development that could increase food prices and contribute to food shortages.
Table of Contents
- Executive Summary
- Industry Analysis
- Competitor and Growth Opportunities Analysis
- Industry Strategic Assessment
- Customer Analysis
- Company Profiles for Leading Players
More detailed information is available at
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SOURCE Global Information, Inc.