DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Biodegradable Plastics market - By Type, Application, Regions - Market Size, Demand Forecasts, Industry Trends and Updates (2016-2022)" report to their offering.
The global bio plastics market was 19.54 billion USD in 2016 and is estimated to reach US$ 65.58 billion in 2022 at an estimated CAGR of 22.36% for the forecasted period.
Europe and North America are expected to dominate the overall market of biodegradable packaging. North America is expected to be the largest consumer of the biodegradable packaging market. The developed regions are expected to dominate the overall biodegradable packaging market owing to the presence of mature markets that consist of highly environmental conscious consumers. In addition, the presence of high-spending population is also expected to increase the overall demand for biodegradable packaging in the developed regions.
The presence of large populations in Asia Pacific is expected to boost the biodegradable packaging market. Owing to the increase in the contract manufacturing process coupled with increased governmental interest to promote biodegradable products by providing incentives in some countries such as China and India is further expected to contribute to the growth of the market.
The biodegradable packaging market is expected to witness the fastest growth than that compared to the plastics packaging market. The biodegradable packaging market is a relatively new market however; it is expected to capture the existing market share of the non-biodegradable plastic packaging market. The food packaging and beverage packaging market is expected to play a crucial role in driving the overall global biodegradable packaging market. However, lack of government support especially in the developed countries is expected to curb the growth of the market. The presence of huge price difference between the biodegradable packaging and other conventional packaging is further expected to hamper the growth of the market.
Key Topics Covered:
1. Research Methodology
2. Market Overview
3. Market Dynamics
4. Global Biodegradable Plastics market Segmentation, Forecasts and Trends - by Revenue
5. By Type
- Starch Blends
- Regenerated Cellulose
6. By Application
- Injection Molding
7. By Region
8. Vendor Market Share Analysis
9. Company Profiles
- Metabolix Inc.
- BASF SE
- Natureworks LLC
- Corbion N.V.
- Biome Technology Plc
- Mitsubishi Chemical Corporation
- Plantic Technologies Ltd
- Natur-Tec India Private Limited
For more information about this report visit http://www.researchandmarkets.com/research/23xlcx/global