Biobased biodegradable plastics are an innovative solution to the problem of plastic waste pollution. Unlike traditional plastics made from non-renewable fossil fuels, biobased biodegradable plastics are made from natural materials such as corn starch, sugarcane, or vegetable fats and oils. These materials are renewable, biodegradable, and can be sustainably sourced, making them an environmentally friendly alternative to traditional plastics.
Biobased biodegradable plastics are designed to break down naturally over time, through a process called biodegradation. This process occurs when microorganisms such as bacteria or fungi break down the plastic into its natural components, such as water, carbon dioxide, and biomass. Biodegradable plastics can also be composted, further reducing their impact on the environment.
However, it is important to note that biobased biodegradable plastics are not a complete solution to the plastic waste problem. They still require proper disposal and management, as they will not break down properly if they are not disposed of in the right way. Additionally, there are concerns about the impact of biobased biodegradable plastics on food security and the use of agricultural land for plastic production.
Download a sample to obtain additional highlights and key points on various market segments and their impact in the coming years: https://www.futuremarketinsights.com/reports/sample/rep-gb–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.
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.
Expand operations in the future – To get requisite details, ask for a custom report @ https://www.futuremarketinsights.com/customization-available/rep-gb–89
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
On the basis of region
- Western Europe
- Asia Pacific
- Eastern Europe
- North America
- Middle East & Africa
- Japan
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
LinkedIn| Twitter| Blogs | YouTube
For Sales Enquiries: sales@futuremarketinsights.com