Biobased Biodegradable Plastics Market Size Global Key Findings, Industry Demand, Regional Analysis, Key Players Profiles, Future Prospects and Forecasts to 2020

London-based market research and consulting firm, Future Market Insights (FMI), in its latest report titled “Global Bio-based Biodegradable Plastics Market Analysis and Opportunity Assessment, 2014-2020”, states that the global bio-based biodegradable plastics market is expected to demonstrate a double-digit CAGR during forecast period 2014-2020.

Global penetration of biodegradable and bio-based biodegradable plastics is currently significantly lower in comparison to traditional fossil fuel-based plastics. Of the 300 Mn metric tonnes of plastics consumed in 2013, biodegradable plastics accounted for 0.21% of the total consumption. The total consumption of bio-based biodegradable plastics was 591,000 metric tonnes in 2013, accounting for 0.1% share of the total global plastics consumption.

Essien Jae, Lead Consultant at FMI said, “Consumption of bio-based biodegradable plastics is substantially low compared to fossil fuel-based plastics, but this is expected to grow rapidly over the next five years. By 2020, the total revenue of the global bio-based biodegradable plastics market is expected to grow two and half times as compared to 2014”.

Request a sample to obtain authentic analysis and comprehensive market insights at-–89

Regional Bio-based Biodegradable Plastics Markets to Demonstrate an Impressive CAGR till 2020

Europe leads the global bio-based biodegradable plastics market, followed by North America. The two major markets contributed approximately 70% to the global bio-based biodegradable plastics market revenue in 2014. The European bio-based biodegradable plastics market is relatively mature due to early adoption of these materials compared to other regions.

North America is the second-largest market and is estimated to demonstrate robust double-digit growth between 2014 and 2020. On the other hand, the bio-based biodegradable plastics market in Latin America is expected to demonstrate the highest growth rate at a CAGR of 22.6%, followed by Asia Pacific at a CAGR of 20.7% in terms of value. The cumulative market share of Latin America and Asia Pacific is anticipated to improve by around 400 basis points by the end of the forecast period.

Japan is another prominent market for bio-based biodegradable plastics, characterized by product innovation through substantial investments into R&D activities. “Manufacturers in the bio-based biodegradable plastics market in Japan are consistently introducing new products, and creating a trend that is being followed by manufacturers in developed markets such as the U.S., Germany and France. The bio-based biodegradable plastics market in Japan is projected to demonstrate a slightly sluggish growth rate as compared to other APAC countries during the forecast period”, said Essien Jae.

In terms of application, the packaging sector accounts for the largest share of the global bio-based biodegradable plastics market and is largely driven by Europe. Other key application sectors include fibres, agriculture and medical.

Discover more about report analysis with figures and data tables, along with the table of contents. Ask an Analyst-–89

On the basis of product type, the market is broadly segmented into polyester, starch blends, poly lactic acid (PLA), poly hydroxyalkanoates (PHA) and cellulose. However, apart from the abovementioned types, there are other product types, which were cumulatively estimated to account for around 20% of the overall market value in 2014. Polyester and PLA product types are estimated to dominate the global bio-based biodegradable plastics market, as both types were cumulatively estimated to account for over 60% of the total market value in 2014.

Further more, the starch-blend segment of the bio-based biodegradable plastics market is expected to demonstrate a slightly sluggish CAGR compared to polyester and PLA throughout the forecast period.

Key Segment

On the basis of product type

  • polyester
  • starch blends
  • poly lactic acid (PLA)
  • cellulose
  • polyhydroxyalkanoate (PHA)
  • other biobased biodegradable plastics

On the basis of application

  • packaging
  • fibres
  • healthcare
  • agriculture
  • others

Contact Sales for Further Assistance in Purchasing this Report-

Table Of Content

1. Executive Summary

2. Research Methodology & Scope

3. Assumptions & Acronyms Used

4. 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

5. 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

About FMI

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth.

Contact Us:                                                      

Future Market Insights
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries:
For Media Enquiries:

Leave a comment

Your email address will not be published. Required fields are marked *