Global Bioplastics Market Will Reach $3.94BN in 2014, According to a New Study on ASDReports

Monday 14 July 2014, Amsterdam

The new report now available on ASDReports, predicts that the world market for bioplastics will reach $3.94bn in 2014. This forecast and others appear in Bioplastics Market Forecast 2014-2024: Prospects for Biobased / Non-Biodegradable Packaging, Consumer Electronics / Products, Catering, Agriculture & Pharmaceuticals, now available on ASDReports!

The new report commented that ‘The availability of feedstock and the ability to produce bioplastics at a price low enough to make it economically viable, will be key to bioplastics displacing traditional plastics on a large scale. Bioplastics are still set to grow considerably in the next 10 years as it is a sustainable option, with biodegradable plastics having an even smaller impact on the environment’

The global bioplastics market is a small but significant sub-sector of the plastics industry. Bioplastics is an environment-friendly method that does not occupy landfills. Moreover, plants provide a cheap and sustainable alternative to their petroleum counterparts. In the coming years, economics, legislation and environmental issues will all drive policies to support sustainable growth across the nations and various industries. Bioplastics will have an increasing importance and market share in the plastics industry as well as a material in general over the coming years.

The 172 page report contains 109 tables, charts and graphs that add visual analysis in order to explain developing trends within the global bioplastics market. The new report provides annual revenues in terms of value (US$) for the global bioplastics market, as well as 5 regional markets, and 10 submarkets by application type. The report provides profiles of 19 leading companies operating within the bioplastics market, and includes 3 interviews: one with a top bioplastics manufacturer, Natur-Tec, as well as TetraPak, a leading packaging manufacturer, and Huhtamäki Oyj: a forerunner in biodegradable and compostable packaging applications providing expert insight alongside analysis.

The Bioplastics Market Forecast 2014-2024: Prospects for Biobased / Non-Biodegradable Packaging, Consumer Electronics / Products, Catering, Agriculture & Pharmaceuticals report will be of value to current and future potential investors into the bioplastics industry and market, as well as companies and research centres who wish to broaden their knowledge of the bioplastics market.