SOURCE: MarketResearch.com

MarketResearch.com

February 27, 2012 09:08 ET

Market Research Projects Bioplastics Market at 3.7 Million Metric Tons by 2016

ROCKVILLE, MD--(Marketwire - Feb 27, 2012) - MarketResearch.com has announced the addition of the new report "Global Markets and Technologies for Bioplastics -- Focus on the Americas," to their collection of Alternative Sources market reports. For more information, visit http://www.marketresearch.com/BCC-Research-v374/Global-Technologies-Bioplastics-Focus-Americas-6820734/

One of the fastest-growing material sectors in the past four years has been the production of plastics from renewable resources referred to as bioplastics. The main driver is an interest in reducing use of petroleum as a feedstock because of its contribution to climate change, its pricing volatility and its occasional role as a political weapon.

This report explains the various types of bioplastics that are available, indicates key players and trends, and provides detailed forecasts on demand by global region and projected use by type of application, such as packaging, automotive, consumer goods and general industrial.

The global use of bioplastics was 0.64 million metric tons in 2010 and 0.85 million metric tons in 2011. BCC expects that the use of bioplastics will increase up to 3.7 million metric tons by 2016, a compound annual growth rate (CAGR) of 34.3%.

The Americas bioplastics region reached 0.24 million metric tons in 2010 and 0.30 million metric tons in 2011. It is expected to grow to 1.2 million metric tons by 2016, a CAGR of 32.9%.

As one of the largest markets in the world, the U.S. bioplastics segment reached 0.22 million metric tons in 2010 and 0.26 million metric tons in 2011. It is expected to grow to 1.4 million metric tons by 2016, a CAGR of 40.7%.

For more information, visit http://www.marketresearch.com/BCC-Research-v374/Global-Technologies-Bioplastics-Focus-Americas-6820734/

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