Bioplastics Market - Global Industry Size, Share, Forecast, 2012 – 2018

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REPORT DESCRIPTION

Bioplastics are a type of plastic manufactured from biomass sources such as vegetable oils and certain starches and are also

called biobased plastic or biodegradable plastic. They are commonly used for insulation, as a packaging material, and in

crockery and food packaging. Since bioplastics are plant based products, the consumption of petroleum for the production of

plastic is expected to decrease by 10-15 percent by 2018. The bioplastic industry has high potential for growth if the focus is not

just the replacement of current plastic applications but innovation of newer properties and newer applications as well.

Starch-based and PLA-based bioplastic classes have shown increased growth in the past years and form a major part of the

bioplastic ingredient market segment. Other such bioplastics which show promising growth are cellulose-based,

polyhydroxyalkanoates based, bio-polyamide based, and biopolyethylene based bioplastics. The market is dominated by the

United States and Europe which are followed by Asia-Pacific and Rest of the World. The market is growing rapidly because more

and more companies are entering this market with newer innovations and applications in automotive and electronics. Europe is

a larger bioplastic market because of limited crude oil reserves. Bioplastics are segmented into a variety of applications

including packaging, agriculture, food...