SOURCE: MarketResearch.com

MarketResearch.com

May 24, 2011 08:08 ET

Biodegradable Plastics Market to Reach 2330 Thousand Metric Tons in 2016

ROCKVILLE, MD--(Marketwire - May 24, 2011) - MarketResearch.com has announced the addition of MarketsandMarkets's new report "Biodegradable Plastics Market: by Types (Starch, PLA, PHA, PCL, and PBS), Applications, Regulations, Prices, Trends & Forecast (2011 - 2016)," to their collection of Packaging market reports. For more information, visit http://www.marketresearch.com/product/display.asp?ProductID=6355077

The increasing demand for renewable and bio-based materials and shift in consumer preference to eco-friendly packaging are driving the market for global biodegradable plastics. The global biodegradable plastics market in terms of volume ('000, metric tons) is expected to grow from 664 thousand metric tons in 2010 to 2330 thousand metric tons in 2016 at an estimated CAGR of 20% from 2011 to 2016.

Biodegradable plastics offer tremendous potential in various applications including packaging, electronics, transport, textiles and medical. Amongst all the market segments, the starch-based plastics market commands the largest share in terms of volume, while PLA-based plastics lead the market in terms of revenue. Packaging forms the largest application market due to increased consumer awareness for sustainable packaging. The packaging application contributed over 50% of the global biodegradable plastics market in 2010. In PLA-based plastics, textiles applications are expected to have the highest CAGR of 23% from 2011 to 2016.

For more information, visit http://www.marketresearch.com/product/display.asp?ProductID=6355077

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