Global market for bioplastics forecast to reach 1.9 million tonnes by 2017 from estimated 264,000 tonnes in 2007, growing by CAGR of 22%, market researcher says; 2011 market expected to reach 574,000 tonnes

Alison Gallant

ROCKVILLE, Maryland , January 10, 2012 (press release) – MarketResearch.com has announced the addition of the new report "Bioplastics - A Global Market Overview" to their collection of Plastics market reports. For more information, visit http://www.marketresearch.com/Industry-Experts-v3766/Bioplastics-Global-Overview-6739154/

Bioplastics are no longer the exclusive realm of biodegradable or compostable plastics made from natural materials such as corn or starch. In fact, bioplastics are also being applied to degradable petroleum based plastics, natural-based plastics that are not necessarily biodegradable and plastics containing both petroleum-based and plant-based materials that could biodegrade or not. Growing public concern regarding the environment, climate change and constricted fossil fuel resources represent key drivers for governments, companies, and researchers to unveil safer alternatives to petroleum-based plastics.

The report reviews and analyses the worldwide market for Bioplastics for the global and the regional markets including North America, Europe, Asia-Pacific, South America and Rest of World. The regional markets further analyzed for 10 independent countries across North America -- the United States, Canada and Mexico; Europe -- France, Germany, Italy, the United Kingdom and Rest of Europe; Asia-Pacific -- China, Japan and Rest of Asia-Pacific; South America -- Brazil and Rest of South America.

Bioplastic product categories analyzed in this study include Biodegradable Bioplastics -- Starch Based, Polylactic Acid and Other Biodegradable Bioplastics; and Non-Biodegradable Bioplastics. The report also analyses the global end-use markets for bioplastics comprising Packaging, Textiles, Agriculture, Medical, Electronics and other applications such as food service and automotive. The global market for Bioplastics is predicted to touch 1.9 million metric tons by 2017 from an estimated 264 thousand metric tons in 2007, growing by a CAGR of 22% during 2007-2017. The market for 2011 is estimated at 476 thousand metric tons and expected to reach 574 thousand metric tons.

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