North America and Europe collectively contributed more than 60% of the market, in 2014 and are projected to retain their lead throughout the forecast period. In terms of revenue and volume, PLA is estimated to be the fastest growing segment in the overall biodegradable plastics market.Polyesters and starch blends category collectively contributed around one-third of the overall biodegradable bioplastic market in 2014.Д›io-PET 30 segment is projected to have a healthy volume growth, at 25.7% CAGR, during the study period.Asia-Pacific would be the fastest growing consumer during the forecast period. In 2014, Europe was the highest consumer, whereas, Asia-Pacific was the largest producer of bioplastics.Rigid plastics would be the fastest growing application section, at a CAGR of 31.8%, during the forecast period.

On the other hand, high production cost is likely to restrain the growth during the forecast period.

Furthermore, increasing adoption in new end-user industries and encouraging government policies for the use of eco-friendly and biodegradable products are some of the main factors that would drive the market growth. Largely available renewable feedstocks and eco-friendly nature of bioplastics fuel its market worldwide. By 2020, the rigid plastic application would account for more than 40% of the market revenue.Д«ioplastics are plastics that are made from the renewable feedstocks such as corn, sugarcane and cellulose among others. The key factors responsible for the increasing adoption of bioplastics in rigid packaging applications include, the growing environmental awareness among the consumers and notable curiosity of packaging industries towards biodegradability.

Movies from 2017-2025