Global Bioplastics Market Will Grow At A CAGR Of 29.3% During The Period 2016-2020

Researchmoz added Most up-to-date research on "Global Bioplastics Market 2016-2020new" to its huge collection of research reports.

Bioplastic is a biodegradable product, which is derived from the renewable sources. These renewable sources include natural products such as potatoes, vegetable oil, rice, pea starch, tapioca, corn starch, sugar cane, wheat, grains, and cellulose from wood. Currently, there are many types of bioplastics in the global market, which are directly extracted from biomass, processed polymers, bio-based precursors such as PLA, and polymers manufactured by using derivatives of bacteria such as polyhydroxy butyrate and PHA. Bioplastics are different from conventional plastics and are used in the production of tools, bags, furniture, carpets, films, bottles, cups, and other packaging materials. Production of bioplastics reduces CO2 emissions by 31%-71% in comparison with other conventional plastics.

The global bioplastics market is driven by the emergence of renewable resources, biomass, and bio-based raw materials such as starch and vegetable crop derivatives. In 2015, bio-based bioplastics accounted for more than 80% of the global bioplastics market. The use of bioplastics in numerous applications such as packaging and domestic goods has facilitated plastics manufacturers to reduce the overdependence on petroleum-based plastics.

Technavios analysts forecast the global bioplastics market to grow at a CAGR of 29.3% during the period 2016-2020.

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Covered in this report
The report covers the present scenario and the growth prospects of the global bioplastics market for 2016-2020. To calculate the market size, Technavio considers the revenue generated from the total consumption of bioplastics globally. The report does not include revenue generated from the aftermarket service of the product.

The market is divided into the following segments based on geography:
APAC
Europe
North America
ROW

NEw report, Global Bioplastics Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
BASF
NatureWorks
Arkema
Novamont
Plantic

Other prominent vendors
DSM
DuPont
Evonik Industries
Ecospan
Toray Industries

Market driver
Changing consumer preference toward eco-friendly packaging
For a full, detailed list, view our report

Market challenge
Cost-effectiveness of conventional plastic over bioplastics
For a full, detailed list, view our report

Market trend
Consumption of bioplastics in novel applications
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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