Biopolymers Consumption Market is Expected to Grow 1,446,316.8 Tons by 2018 – Report by MarketsandMarkets
The biopolymers market is growing at a CAGR of 14.5% and is expected to generate global revenue of $3,668.6 million by 2018. It is experiencing huge growth which is expected to continue in the near future. http://www.marketsandmarkets.com/Market-Reports/biopolymers-bioplastics-market-88795240.html.
(PRWEB) May 19, 2014
The report, "Biopolymers/Bioplastics Market By Type (Bio PET, Bio PE, PLA, PHA, Bio PBS, Starch Blends, and Regenerated Cellulose), By Application (Packaging, Bottles, Fibers, Agriculture, Automotive, and Others), By Geography – Trends & Forecasts to 2018" defines and segments the global biopolymers market with an analysis and forecasting of the global consumption volume and value.
Browse more than 94 market data tables with 25 figures spread through 182 pages and in-depth TOC on "Biopolymers Market".
Early buyers will receive 10% customization on report.
"North America: The Biggest Market of Biopolymers"
North America is the world's largest market of biopolymers, which consumed more than one-third of the total demand. U.S is the key consumer of biopolymers in North America. Packaging, bottling, fibers, and automotive are the application segments driving the demand for PLA, bio-PE, and bio-PET which in turn is pushing the demand for biopolymers within the region. The growing concern for human health and safety in the region has also led to increased consumption of biopolymers. The biopolymers market is also up surging due to high penetration of material in industries like packaging and automotive which have further helped the biopolymers market to emerge in the region. Various innovations, developments, and expansions in different industries have in turn made the region a potential growth market for biopolymers and its products.
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"Bio-PE – The biggest biopolymer by type; and Packaging-the biggest biopolymers application"
Bio-PE is manufactured through fermentation followed by polymerization. Bio-PE is mainly consumed in applications like packaging and automotive. PHA is the fastest growing biopolymers with a CAGR of 27.7% to 2018. The major growth driver for biopolymers is its biodegradability which will have a high impact on the industry in future as well. The biopolymers packaging market has a wide scope for its expansion which in turn would help in increasing the consumption of biopolymers. Bio-PE remains the dominant biopolymer and is expected to be the largest in the future.
Packaging is the biggest application of biopolymers and is anticipated to be worth $1,722.7 million by 2018.
Braskem S.A. (Brazil), NatureWorks LLC (U.S), and Indorama Ventures Public Co. Ltd. (Thailand) are some of the major manufacturers of biopolymers.
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