Global Biobased Biodegradable Plastics Market | Global Growing Industry Crucial Players - BASF, DOW, Novamont, Natureworks, Metabolix Inc., Corbion, Biome Technologies

Market Research Reports Search Engine (MRRSE) has been serving as an active source to cater intelligent research report to enlighten both readers and investors. This research study titled “Biobased Biodegradable Plastics Market “

Get Report Sample Copy @ https://www.mrrse.com/sample/128

Biobased biodegradable plastics are derived from natural resources and can be safely disposed or recycled. Global consumption of plastics was valued at 31.1 million tonnes in 2014 and in the same year, biodegradable plastics constituted a miniscule share of approximately 0.21%.

Globally, consumption of biobased biodegradable plastics is projected to reach from 665.7 thousand tonnes in 2014 to 1,356.9 thousand tons in 2020 at a projected CAGR of 12.6% during the forecast period.

Key driving factors identified in the biobased biodegradable plastics market are regulatory framework for safe waste disposal and management, implementation of environmental conservation initiatives by government and various institutions, and efforts by manufacturers to reduce dependency on crude oil derived products.

Some of the restraining factors identified in the market are low awareness of the consumers and relatively low durability of these plastics as compared to conventional plastics.

The key trends identified in the global biobased biodegradable plastics market include increasing utilization of these plastics in packaging applications, bottles and food service disposables manufacturing.

On the basis of product type, the biobased biodegradable plastics market is segmented into polyester, starch blends, poly lactic acid (PLA), cellulose, polyhydroxyalkanoate (PHA) and other biobased biodegradable plastics.

Complete Research Report with TOC@ https://www.mrrse.com/global-biobased-biodegradable-plastics-market

Application segments of biobased biodegradable plastics market include packaging, fibres, healthcare, agriculture and others. Regional analysis of biobased biodegradable plastics market includes Western Europe, Asia Pacific, Eastern Europe, North America, Middle East & Africa and Japan.

Polyester, starch blends and PLA collectively accounted for approximately 88% of the total biobased biodegradable plastics consumption in 2014 globally and are anticipated to remain the largest product segments by 2020. All other product types are collectively projected to grow at CAGR of 13.8% during the forecast period in terms of volume.

Packaging application constitutes the largest application segment of biobased biodegradable plastics market. In terms of volume, it is projected to grow 2X by 2020 from 2014. In 2014, the volume share of packaging application was valued at nearly 65% of the total market and is expected to remain the largest application segment over the forecast period. All other application segments on the basis of volume are collectively projected to exhibit a CAGR of 12.5%.

Western Europe is the largest market for biobased biodegradable plastics globally and accounted for about 44% of the global biobased biodegradable plastics consumption across the globe in 2014. In terms of consumption, the region is followed by North America, Asia Pacific, Latin America, Eastern Europe, Japan and Middle East & Africa.

In terms of consumption volumes, developed economies are collectively projected to grow at CAGR of 11.2% while developing economies are altogether projected to grow at CAGR of 15.4% during the forecast period.

In terms of revenue, the global market is projected to increase by 2.8X from 2014 to 2020. Developed economies are projected to account for 62% share in the total incremental revenue opportunity over the forecast period representing a revenue CAGR of 16.5% during the forecast period.

Global average pricing of biobased biodegradable plastics is expected to witness an increasing trend over the forecast period owing to certain factors such as varying capacity utilization rates across geographies, increasing energy costs resulting in increased production cost and supply-demand gap across geographies.

Table Of Content

1. Executive Summary

Research Methodology & Scope
Assumptions & Acronyms Used
Market Overview
4.1. Introduction
4.2. Market Segmentation
4.3. Parent Market Indicators
4.3.1. Global Plastic Consumption
4.3.2. Regional Plastic Consumption
Global Biobased Biodegradable Plastics Market Overview
5.1. Market Size & Forecast (Value), 2012 – 2020
5.2. Y-o-Y Growth Comparison
5.3. Market Size & Forecast (Volume), 2012 – 2020
5.4. Market Dynamics
5.4.1. Economic Drivers & Relative Impact
5.4.2. Demand Drivers & Relative Impact
5.4.3. Supply Drivers & Relative Impact
5.4.4. Market Trends & Recent Advancements

6. Global Biobased Biodegradable Plastics Market, By Application, 2012 – 2020
6.1. Introduction
6.2. Market Size & Forecast - Value
6.3. Market Size & Forecast - Volume
6.4. Y-o-Y Growth Comparison
6.5. Market Proportion & BPS Analysis
6.6. Market Performance Index
6.7. Packaging Application Market Analysis
6.7.1. Market Size & Forecast - Value
6.7.2. Y-o-Y Growth Rate Analysis
6.7.3. Absolute $ Opportunity
6.8. Fiber Application Market Analysis
6.8.1. Market Size & Forecast - Value
6.8.2. Y-o-Y Growth Rate Analysis
6.8.3. Absolute $ Opportunity
6.9. Agriculture Application Market Analysis
6.9.1. Market Size & Forecast - Value
6.9.2. Y-o-Y Growth
6.9.3. Absolute $ Opportunity
6.10. Medical Application Market Analysis
6.10.1. Market Size & Forecast - Value
6.10.2. Y-o-Y Growth Rate Analysis
6.10.3. Absolute $ Opportunity

@Continue….

Enquire now @ https://www.mrrse.com/enquiry/128

About MRRSE

Market Research Reports Search Engine (MRRSE) is an industry-leading database of Market Research Reports. MRRSE is driven by a stellar team of research experts and advisors trained to offer objective advice. Our sophisticated search algorithm returns results based on the report title, geographical region, publisher, or other keywords.

MRRSE partners exclusively with leading global publishers to provide clients single-point access to top-of-the-line market research. MRRSE’s repository is updated every day to keep its clients ahead of the next new trend in market research, be it competitive intelligence, product or service trends or strategic consulting.

Contact Us

State Tower
90, State Street
Suite 700
Albany, NY – 12207(United State)
United States Telephone: +1-518-730-0559(Toll-Free – USA & Canada)
Email: sales@mrrse.com

This release was published on openPR.