Asia-Pacific Bioplastics Market Grow At A CAGR of 29.5% During The Forecast Period 2017-2022

Summary

Asia-Pacific Bioplastics Market Segmented By Material Type, Origin, Application and Geography (2017-2022)

Description

The total production capacity of bioplastics in the Asia-Pacific region was at 0.97 million metric tons in 2015. The market is estimated to grow at a CAGR of 29.5% during the forecast period. Asia-Pacific has the largest regional market in terms of production capacity. The region also accounts for 30% share of the global demand for bioplastics.

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Government policies and increased awareness among consumers are contributing towards a large growth in production and consumption of bioplastics. Countries in this region have already started implementing new regulations that promote a wide use of bio-based materials. However, this progress is hindered from time to time due to weak and unclear enforcement guidelines. In the order of market dominance, China, Japan, Thailand and India are some of the major countries actively involves in this industry.

Market Dynamics of the Asia-Pacific Bioplastics Market:
Drivers:
•Government funded R&D programs
•Incentives to encourage private investments
•Reduction of dependence on petrochemical-based plastics
•Bans on various types of plastic bags

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Constraints:
•High cost of raw materials
•Lack of a standard procedure for the collection and recycling of the plastics

The Asia-Pacific bioplastics market is segmented by bio and synthetic based biodegradables (aliphatic polyesters, starch based plastics, cellulose derivatives, polyanhydrides, poly vinyl alcohols and other biodegradable plastics), by non-bio based biodegradables, by origin (biobased plastics, synthetic biodegradables), by application (bottles and packaging, agriculture, automotive, construction, consumer products and others) and by geography (India, China, Japan, South Korea and other countries).

Some of the major players in the Asia-Pacific bioplastics market are:
•Dow Chemicals
•Green Day Eco-friendly materials
•Nature Works LLC
•Novamont
•Toray

Key Deliverables in the Study

•Analysis for the Asia-Pacific bioplastics market, with region specific assesments and competition analysis on a regional scale.
•Market definition along with the identification of key drivers and restraints.
•Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a regional scale.
•Extensively researched competitive landscape section with profiles of major companies along with their market share.
•Identification and analysis of the macro and micro factors that affect the Asia-Pacific bioplastics market a regional scale.
•A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.

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