DALLAS, Texas, May 18, 2011 /PRNewswire/ -- The "Biodegradable Plastics Market: by Types (Starch, PLA, PHA, PCL and PBS) Applications, Regulations, Prices, Trends & Forecast (2011-2016)" analyzes the biodegradable plastics by types and applications and studies the major market drivers, restraints, and opportunities for the biodegradable plastics in North America, Europe, Asia, and ROW.
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The increasing demand for renewable and bio-based materials and shift in consumer preference for eco-friendly packaging is driving the market for global biodegradable plastics. The global biodegradable plastics market in terms of volume ('000 metric tons) is expected to grow from 664 thousand metric tons in 2010 to 2330 thousand metric tons in 2016 at an estimated CAGR of 20.24% from 2011 to 2016.
Biodegradable plastics offer tremendous potential in various applications including packaging, electronics, transport, textiles and medical. Amongst all market segments, the starch-based plastics market commands the largest share in terms of volume, while PLA-based plastics lead the market in terms of revenue. Packaging forms the largest application market due to increased consumer awareness for sustainable packaging. The packaging application contributed over 50% of the global biodegradable plastics market in 2010. In PLA-based plastics, textiles applications are expected to have the highest CAGR of 23.16% from 2011 to 2016.
Europe accounted for the major share for global biodegradable plastics market; estimated to be 40.6% in 2010. This was primarily due to the fact that focus on sustainability is significant in Europe, especially in the European Union. Due to this, Europe is the most regulated market; especially when it comes to certifying and commercializing new plastic products. North America forms the second largest biodegradable plastics market in the world. The market players are focusing on agreement and collaboration in order to share technical expertise in the production of biodegradable polymers, which therefore accounted for the highest share of the total competitive developments in the global biodegradable plastics market from May 2008 to April 2011.
Industry participants with the most agreements and collaborations; along with significant product developments include Cardia Bioplastics limited, Cereplast, Purac, and Telles. In 2011, Cereplast, Inc. concluded a multi-million dollar distribution agreement with BioWorks Pl for the distribution of Cereplast bioplastic resins in the Polish market.
Scope of the report
This research report categorizes the global market for biodegradable plastics market on the basis of product types, applications and geography; forecasting revenues and analyzing trends in each of the following submarkets.
On the basis of product type - Starch - PLA - PHA - PCL - PBS On the basis of application - Packaging - Agriculture - Transport - Electronics - Textiles - Medical On basis of geography - North America - Europe - Asia - RoW
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