DUBLIN, Mar 10, 2017 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Bioplastics market - Segmented by Type, Application and Geography - Trends and Forecasts (2016 - 2021)" report to their offering.
Global Bioplastics Market is expected grow at a CAGR of 29% during the forecast period. The global production capacity will rise from 1.7 million metric tonnes in 2013 to 7.6 million metric tonnes by 2019.
Europe accounts for 36% of the global bio plastics consumption. Production and consumption share are also expected to witness a rise in Asia Pacific and South American region in the coming years.
Bio plastics are majorly consumed in packaging industry in the form of plastic bags and bottles. Other industries include consumer products, agriculture, catering, pharmaceuticals, textiles, etc. Some of the most widely used bio-plastics are Polylactic acid (PLA) and PLA blends, starch extracts, bio-polyethylene (Bio-PE) and polybutylene succinate.
Reduced dependence on petroleum based raw materials, lower carbon footprint and lower toxicity are some of the advantages of using bio plastics. On the other hand, high cost and shortage in waste processing infrastructure pose as big disadvantages.
- API SpA
- BioApply Polymers
- BASF AG
- Dow Plastics
- Green Day Eco-Friendly Material Co.
- Meredian Holdings Group Inc.
- Metabolix Inc.
- (10+ Others)
Key Topics Covered:
2. Key Findings of the Study
3. Market Overview
4. Market Dynamics
5. Technology Overview
6. Market Analysis & Forecast
For more information about this report visit http://www.researchandmarkets.com/research/kr6832/global
Research and Markets
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-bioplastics-market---trends-and-forecasts-2016-2021---global-production-capacity-will-rise-to-76-million-metric-tonnes-by-2019---research-and-markets-300421872.html
SOURCE Research and Markets