LONDON, June 9, 2016 /PRNewswire/ -- Mounting new environmental regulations, societal concerns and growing environmental awareness have triggered the search for new products and processes that are compatible with the environment. In the past few years, authorities & the public have been strongly attracted to the concept of biobased/biodegradable plastic. Moreover, popularity and demand for bioplastic has increased in past decade due to growing investment in R&D and formulation of various regulations across countries for effective use of natural resources and waste management. With increased eco-friendly initiatives by corporate industry, the global bioplastic industry will continue to witness tremendous growth.
Further, by our analysis in the latest research report, "Global Bioplastic Market Forecast to 2020", the global bioplastic industry has been witnessing strong growth in consumption for the past few years, and is expected to grow in the coming years as well. Surging public and private sector consumption along with the contribution of strong application verticals like packaging, agriculture, consumer electronics, etc. are expected to boost the bioplastic industry.
In the report, an in-depth research of the global bioplastic industry in terms of production and its consumption has been done. Report also covers forecast for production and consumption of biobased/biodegradable plastic and its component type for the period of 2016 to 2020. Further, major trends have being identified for evaluating the growth direction and the current global bioplastic demand scenario, which has been witnessing significant growth.
Our research is an outcome of extensive primary & secondary research. For the study, we have analyzed industry expert insights from existing players and distributors, etc. in order to authenticate and evaluate scenarios that we have taken into consideration for the forecast. Moreover, report also covers the detailed information on the regional front like Europe, Asia-Pacific, and South America, where Europe has the maximum consumption of bioplastic in comparison to other nation.
The report also covers a detailed study of the key players along with the information on its key application industries. Overall, the report is a result of extensive research and prudent analysis, and will be offering suitable knowledge base to those who are interested in this industry.
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