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Future Market Insights has announced the addition of the Bio-based Biodegradable Plastics Market 2014-2020

Future Market Insights has announced the addition of the “Global Bio-based Biodegradable Plastics Market Analysis and Opportunity Assessment, 2014-2020" report to their offering.

<p>London-based market research and consulting firm, Future Market Insights (FMI), in its latest report titled &ldquo;Global Bio-based Biodegradable Plastics Market Analysis and Opportunity Assessment, 2014-2020&rdquo;, states that the global bio-based biodegradable plastics market is expected to demonstrate a double-digit CAGR during&nbsp;forecast&nbsp;period 2014-2020.</p> <p class="MsoNoSpacing">&nbsp;Global penetration of biodegradable and bio-based biodegradable plastics is currently significantly lower in comparison to traditional fossil fuel-based plastics. Of the 300 Mn metric tonnes of plastics consumed in 2013, biodegradable plastics accounted for 0.21% of the total consumption. The total consumption of bio-based biodegradable plastics was 591,000 metric tonnes in 2013, accounting for 0.1% share of the total global plastics consumption.</p> <p class="MsoNoSpacing">&nbsp;Essien Jae, Lead Consultant at FMI said, &ldquo;Consumption of bio-based biodegradable plastics is substantially low compared to fossil fuel-based plastics, but this is expected to grow rapidly over the next five years. By 2020, the total revenue of the global bio-based biodegradable plastics market is expected to grow two and half times as compared to 2014&rdquo;.</p> <p class="MsoNoSpacing">&nbsp;Browse Full &ldquo;<strong>Global Bio-based Biodegradable Plastics Market Analysis and Opportunity Assessment, 2014-2020</strong>&rdquo; Reports at&nbsp;<a href="http://www.futuremarketinsights.com/reports/global-biobased-biodegradable-plastics-market">http://www.futuremarketinsights.com/reports/global-biobased-biodegradable-plastics-market</a></p> <p class="MsoNoSpacing">&nbsp;Regional Bio-based Biodegradable Plastics Markets to Demonstrate an Impressive CAGR till 2020</p> <p class="MsoNoSpacing">&nbsp;Europe leads the global bio-based biodegradable plastics market, followed by North America. The two major markets contributed approximately 70% to the global bio-based biodegradable plastics market revenue in 2014. The European bio-based biodegradable plastics market is relatively mature due to early adoption of these materials compared to other regions.</p> <p class="MsoNoSpacing">&nbsp;North America is the second-largest market and is estimated to demonstrate robust double-digit growth between 2014 and 2020. On the other hand, the bio-based biodegradable plastics market in Latin America is expected to demonstrate the highest growth rate at a CAGR of 22.6%, followed by&nbsp;Asia Pacific&nbsp;at a CAGR of 20.7% in terms of value. The cumulative market share of Latin America and Asia Pacific is anticipated to improve by around 400 basis points by the end of the forecast period.</p> <p class="MsoNoSpacing">&nbsp;Japan is another prominent market for bio-based biodegradable plastics,&nbsp;characterized&nbsp;by product innovation through substantial investments into R&amp;D activities. &ldquo;Manufacturers in the bio-based biodegradable plastics market in Japan are consistently introducing new products, and creating a trend that is being followed by manufacturers in developed markets such as the U.S., Germany and France. The bio-based biodegradable plastics market in Japan is projected to demonstrate a slightly sluggish growth rate as compared to other APAC countries during the forecast period&rdquo;, said Essien Jae.</p> <p class="MsoNoSpacing">&nbsp;<strong>Request Report Sample with TOC@</strong>&nbsp;<a href="http://www.futuremarketinsights.com/reports/sample/rep-gb--89">http://www.futuremarketinsights.com/reports/sample/rep-gb--89</a></p> <p class="MsoNoSpacing">&nbsp;In terms of application, the packaging sector accounts for the largest share of the global bio-based biodegradable plastics market and is largely driven by Europe. Other key application sectors include fibres, agriculture and medical.</p> <p class="MsoNoSpacing">&nbsp;On the basis of product type, the market is broadly segmented into polyester, starch blends,&nbsp;poly lactic&nbsp;acid (PLA),&nbsp;poly hydroxyalkanoates&nbsp;(PHA) and cellulose. However, apart from the abovementioned types, there are other product types, which were cumulatively estimated to account for around 20% of the overall market value in 2014. Polyester and PLA product types are estimated to dominate the global bio-based biodegradable plastics market, as both types were cumulatively estimated to account for over 60% of the total market value in 2014.</p> <p class="MsoNoSpacing">&nbsp;Furthermore, the&nbsp;starch-blend&nbsp;segment of the bio-based biodegradable plastics market is expected to demonstrate a slightly sluggish CAGR compared to polyester and PLA throughout the forecast period.</p> <p class="MsoNoSpacing">&nbsp;For Any Query on This Report Ask Us: Global bio-based biodegradable Plastics market size, growth, trends, forecast over 2015-2020, Market by product (Polyster, starch blends,&nbsp;poly lactic&nbsp;acid (PLA),&nbsp;poly hydroxyalkanoates&nbsp;(PHA) and cellulose), By Application (Packaging, fibres, Agriculture and medical), by Regions (Western Europe, North America, Asia-Pacific, Latin America, Eastern Europe, Middle East &amp; Africa (MEA)).</p> <p class="MsoNoSpacing">&nbsp;</p> <p class="MsoNoSpacing"><strong>Press Release:&nbsp;</strong><a href="http://www.futuremarketinsights.com/press-release/biobased-biodegradable-plastics-market">http://www.futuremarketinsights.com/press-release/biobased-biodegradable-plastics-market</a></p>

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