Wednesday, June 25, 2014

Global market for bioplastics to reach to 6 million metric tons by 2019

Bioplastics is recorded to be one of the fastest-growing materials sector in the past decade. The main driver of this growth is an interest in reducing use of petroleum as a feedstock because of its contribution to climate change, pricing volatility and its occasional role as a political weapon.

Another reason is Chinese government’s growing support for agricultural development in areas such as bioplastics as a way to prop up the standard of living in the country’s rural regions. Major indigenous producers of starch plastics and other types of bioplastics are rapidly emerging, changing the shape of the marketplace. With Asia and South America rapidly emerging as bioplastic-producing powerhouses, this market is estimated to show significant growth in the foreseeable future.

BCC Research presents a comprehensive analysis of the global market for bioplastics in its report, Global Markets and Technologies for Bioplastics. According to this report, the global demand for bioplastics amounted to 1.1 million metric tons in 2013. This is expected to reach 1.4 million metric tons in 2014 and about 6 million metric tons in 2019 registering a five-year compound annual growth rate (CAGR) of 32.7% from 2014 to 2019.

RSS Feeds – Plastics

Use this report for, but not limited to, the following reasons:
  • Gain an overview of the global markets of bioplastics
  • Analyses of global market trends with data from 2012 and 2013, estimates for 2014, and CAGRs projections through 2019
  • Identification of trends that will affect the use of bioplastics and their major end-use application markets
  • Information on specific end markets for bioplastics by material types, with sections devoted to each type of renewably sourced plastic
  • Analysis of market developments regarding major applications for bioplastics, including packaging, automotive, electrical/electronic, medical, building and construction

Click here to Order your copy of this report (or any of its chapters) or to download the Complimentary Introduction chapter.

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