World Bioplastics Market is Valued at $30.8 Billion, Outlines a Study Added by BMR

Jul 06, 2016, 06:16 ET from Big Market Research

PORTLAND, Oregon, July 6, 2016 /PRNewswire/ --

Big Market Research has added a report, titled "World Bioplastics Market - Opportunities and Forecast, 2014 - 2020".  According to the study the bioplastics market is valued at $30.8 billion, growing at a CAGR of 14.8% from 2015 to 2020. This off the shelf research focusses mainly on the major drivers such as growing concerns over the environment and the inclination of the packaging sectors towards the biodegradable plastics. Major restraining factors and opportunities opening new avenues are also discussed in the report. Furthermore, the report explores the rigid plastic application that is expected to account for about 40% the total industry revenue by 2020.

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Significant factors such as plastics obtained from renewable feedstocks including cellulose, corn and sugarcane are thoroughly analyzed during the research.  In addition, data associated with the increasing adoption rate, new end users and favorable government regulations and its role in driving environment friendly products add value to the overall study. Besides this, the research report provides a clarity on how higher production cost is restraining the growth of the bioplastics industry worldwide. When assessing the competitive landscape, the researchers take a closer look at the recent collaboration, acquisitions and mergers as well as investments. Moreover, the regions weighed upon during the study are North America, Asia -Pacific, LAMEA, and Europe.

To enable enterprises design effective marketing strategies, the study discusses the company profile, key facts and product offered by prominent market players. Some of the reputed companies profiled in the study are Braskem, Novamont SPA, Cardia Bioplastics, Biome Technolgies Plc, BASF SE, and others. Research outlines that rigid plastics will become a fastest developing segment, registering a CAGR during the assessment period. There are clear indications in the report that while Europe is the highest end user, Asia-Pacific strengthened its positions as one of the largest manufacturer of bioplastics in 2014.

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Thorough analysis of the industry also reveals that Bio -PET 30 segment is projected to witness a healthy growth at CAGR 25.7% during the forecast period. Statistics collected during the research highlight that starch blends and polyesters had collectively accounted for approximately 1/3 of the total biodegradable bioplastics industry in 2014.  The PLA category is expected to observe an exponential growth in terms of both volume and revenue, in the next five to six ears, outlines the extensive study on bioplastics sector.

Critical data in the report are presented through graphs, tables and charts and can be synced easily with the existing information on the industry.

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