Report says global bioplastics consumption to reach 1.9 million metric tons by 2017
According to a recent bioplastics study by Market Research, global consumption of bioplastics will reach 1.9 million metric tons by 2017, achieving a compound annual growth rate of 22% during 2007-2017.
The research reviews and analyzes the worldwide market for bioplastics for the global and regional markets including North America, Europe, Asia-Pacific, South America and Rest of World. The regional markets ertr further analyzef for 10 independent countries across North America – the US, Canada and Mexico; Europe – France, Germany, Italy, the UK and rest of Europe; Asia-Pacific – China, Japan and rest of Asia Pacific; South America – Brazil and rest of South America.
As said, bioplastics product categories analyzed in this study include biodegradable bioplastics – starch based, polylactic acid and other biodegradable bioplastics; and non-biodegradable bioplastics. The report also analyzes the global end-use markets for bioplastics comprising packaging, textiles, agriculture, medical, electronics and other applications such as food service and automotive.
The report notes that the global market for bioplastics will reach 1.9 million metric tons by 2017 from an estimated 264,000 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.
Source : www.adsalecprj.com