Research and Markets: Biodegradable Plastics Market 2015-2021 – Key Driving Factors for this Market are Government Regularities for Waste Dispose and its Management
By Business Wire News
By Business Wire News
Research and Markets (http://www.researchandmarkets.com/research/przbvw/biodegradable) has announced the addition of the “Biodegradable Plastics Market, By Country (United States, Canada, India, China, Japan, United Kingdom), Company Profiles, Share, Trends, Analysis, Opportunities, Segmentation And Forecast 2015 – 2021” report to their offering.
Biodegradable plastics are produced from natural resources and can be easily disposed or recycled. The market for biodegradable plastics is growing rapidly with the increase in applications and advance technologies are expanding with high rate. Key driving factors for this market is government regularities for waste dispose and its management, environment concern and its initiative taken by government. It helps in reducing dependency on crude oil and other synthetic raw materials.
Some of the challenges in the market are low awareness among the consumer and low durability as compared to conventional plastics. In commercial biodegradable plastics two types of plastics are very important (1) PLA (polylactic acid) and (2) starch based plastics. Starch based plastics widely include potatoes, corns, sugar beet and cassava. For starch based plastics, largest consumer market across the globe is Europe. In APAC region biodegradable market is growing due to strict government regulations which includes ban on conventional plastic bags and environmental saving initiatives, also government and non-profit organizations are promoting their use.
Biodegradable plastics are used in packaging, bottles, bowls, cutlery, food service, disposal items etc. Packaging application is the largest application segment for biodegradable plastics. Second largest application segment is fibers, followed by agriculture. Since the demand of eco-friendly packaging is high, therefore the market for biodegradable plastics is growing rapidly.
Key Topics Covered:
2. Market overview
3. Market determinants
4. Market Segmentation
5. Geographical analysis
6. Company Profiling: – (Overview, SCOT analysis, strategic review)
- Mitsubishi Chemical
- Showa Denko
- Corbion, Kingfa Sci & Tech
- Yifan Xinfu Pharmaceutical
- Shenzhen Rainbow Fine Chemical Industry
- Wuhan Huali Environment Technology
- Anqing Hexing Chemical
- Corbion NV
- Plantic technologies ltd
- Meredian Inc
- Bio-on SRL
- Tianan Biologic Metrials Co Ltd
For more information visit http://www.researchandmarkets.com/research/przbvw/biodegradable
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