Future Market Insights has announced the addition of the "Bio-plastics Market Analysis & Opportunity Assessment, 2014 - 2020" report to their offering.
London, UK -- (SBWIRE) -- 02/27/2015 -- In terms of materials, the global bioplastics market is segmented as bio-PET, bio-PE, bio-PA, bio-degradable polyesters, PLA & PLA blends, starch blends, PHA and others. Currently, the bio-PET material segment dominates the bio-plastics market, and was estimated to beUS$5.6 Bn in 2014. This segment is expected to reach US$29.1 Bn by 2020, with a momentous CAGR of 31.4% for the forecast period. Moreover, an increasing demand for bio-plastics from the beverage packaging industry and effectiveness of bio-plastics in one-time use application has driven the demand for the bio-PET in the last few years.
Browse Full: "Global Bio-plastics Market Analysis & Opportunity Assessment, 2014 - 2020" Report at http://www.futuremarketinsights.com/reports/details/global-bio-plastics-market
On the basis of application type,the bio-plastics market is segmented as bottlers, other packaging, food-services, agriculture/horticulture, consumer products, automotive and others. Among all the afore mentioned applications, bottles segment is expected to dominate the market with 34.4% of the total revenue share by 2020. However, automotive segment is anticipated to exhibit the second highest CAGR of 27.5% as compared to other applications during the forecast period. Additionally, influx of new entrants is predicted to fuel the growth of others application segment, thereby accounting for 5.0% market share by 2020.
Key regions considered for this market study include North America, Europe, Asia Pacific and RoW (Rest of the World). Asia Pacific represents the most lucrative market, followed by North America.Asia Pacific is expected to contribute 33.7% market share to the overall bio-plastics market by 2020. The growth of Europe is supported by the strong influence of regulatory framework and awareness regarding greener products through various media among the consumers.
Send Inquiry: ?http://www.futuremarketinsights.com/askus/rep-gb--69
Assessing the various factors driving this market, a FMI lead analyst,Abhishek S. said, "Increasing consumer awareness regarding benefits of greener products, strict regulations to incorporate bio-based products in automotive& packaging, and increasing investments by local companies are expected to fuel the demand for global bio-plastics market."
Key players in the global bio-plastics market are BASF SE, Arkema, DSM NV, E. I. du Pont de Nemours and Company, Evonik Industries, NaturePlast, NatureWorks LLC, RTP Company, Techno polymer Co. Ltd. and Toray Industries Inc.
About Future Market Insights
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights and an aerial view of the competitive framework and future market trends.
Our research services cover global as well as regional emerging markets such as GCC, ASEAN and BRICS. Our offerings cover a broad spectrum of industries including Chemicals, Materials, Energy, Technology, Healthcare and Retail. FMI's operating model blends cross-disciplinary research experience to deploy in-depth, insightful and actionable research.
Ms. Shibboo Singh
207 Regent Street,
London - W1B 3HH
T: + 44 (0) 20 7692 8790
D: +44 (0) 20 3287 4268