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Biodegradable Plastics Market: by Types (Starch, PLA, PHA, PCL and PBS) Applications, Regulations, Prices, Trends & Forecast (2011-2016)

 

By: marketsandmarkets.com
Publishing Date: May 2011
Report Code: CH 1054

 




Plastics, one of the most widely used materials in the world, are primarily produced from crude oil derivatives such as propylene, polyethylene, etc. With increasing volatility in oil prices and growing pressure on plastic manufacturers for minimizing environmental impact, the onus on the industry is to develop and commercialize sustainable plastic solutions for various applications.

European Bioplastics (A European branch association representing industrial manufacturers, processors, and users of bioplastics and biodegradable polymers (BDP) and their derivative products) defines biodegradable plastics as a plastic that undergoes biodegradation (a process in which the degradation results from the action of naturally-occurring micro-organisms such as bacteria, fungi, and algae as per accepted industry standards). As of 2008, accepted industry standard specifications are: ASTM D6400, ASTM D6868, ASTM D7081 or EN 13432.

For the plastic industry, the term “biodegradable” is synonymously used with the term “compostable”. This is due to the fact that degradation of plastics is carried out in an industrial composting environment and for a product to be certified “compostable”; it must meet the criteria of biodegradability mentioned above. For the purpose of this study, the term “biodegradable” refers to the term “compostable” Biodegradable plastics, which are also sometimes referred to as bioplastics, are expected to witness a significant surge in demand in the next few years. Popular biodegradable plastics include starch, PLA, PHA, and PBS. Most of these, in addition to being biodegradable are also produced from renewable resources and thus are considered critical to the industry with respect to sustainability.
This report discusses in detail, key biodegradable plastics with respect to raw materials, pricing trends, production volumes, historical, and forecasted market size. In addition to this, the report focuses on the competitive scenario, providing market share analysis by company.

The global biodegradable plastics market has been broadly segmented into bio-based biodegradable plastics and petrochemical-based biodegradable plastics. Bio-based biodegradable plastics are essentially plastics which are made from renewable sources such as biomass and also meet the standards for egradation/composting. Bio-based biodegradable plastics account for the major share in the global biodegradable plastics market owing to increased demand of sustainable and renewable made plastics in application/end-user industries. Although biodegradable plastics are mostly manufactured using bio-based polymers, petrochemical/fossil-based raw materials are also used to manufacture bio-degradable plastics.

The use of renewable resources such as biomass-and bio-based raw materials such as starch, vegetable crop derivatives in manufacturing of plastics is driving the market for biodegradable plastics. As of 2009, bio-based plastics accounted for about 93% of the overall biodegradable plastics market. The use of biodegradable plastics in various applications such as packaging, domestic goods has enabled the plastic manufacturers to lessen the dependence on petroleum-based plastics. Biomass, a key raw material used in the manufacturing of biodegradable plastics is organic in nature which means that the plastic is absorbed back into the earth as the components and avoids tons of plastic laying in the landfills, taking decades or longer to break down.

As in the case of traditional plastics, packaging is the largest application segment in the overall biodegradable plastics and accounts for 55%-60% of the overall market. Packaging applications have been further segmented into rigid packaging, loose fill packaging, compost bags, and others. Loose fill packaging is the largest segment in packaging application for biodegradable plastics. Increasing consumer awareness for sustainable products and manufacturers concern for developing eco-friendly packaging is shifting the trend towards biodegradable plastics from their petrochemical counterparts. Also the increased manufacturer’s recognition of marketing value of sustainable product will further drive the market especially in North America and Europe.

The overall scenario for biodegradable plastics is significantly positive with a critical need to expand production capacities and increase consumer awareness.

Scope of the report

This research report categorizes the global market for biodegradable plastics market on the basis of product types, applications, and geography; forecasting revenues and analyzing trends in each of the following submarkets

On the basis of product types

  • Starch
  • PLA
  • PHA
  • PCL
  • PBS

On the basis of applications

  • Packaging
  • Agriculture
  • Transport
  • Electronics
  • Textiles
  • Medical

On basis of geography

  • North America
  • Europe
  • Asia
  • ROW

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