The increasing demand for renewable and bio-based materials and shift in consumer preference for eco-friendly packaging is driving the market for global biodegradable plastics. The global biodegradable plastics market in terms of volume (thousand metric tons) is expected to grow from 664 thousand metric tons in 2010 to 2330 thousand metric tons by 2016, at an estimated CAGR of 20.24% from 2011 to 2016.
By seeing above market scenario Among all market segments, the starch-based plastics market commands the largest share in terms of volume. 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.
As the Biodegradable plastics do not have any impact on the environment the usage of biodegradable plastics is going to increse in future specialy usage of starch, PLA(PolyLactic Acid ), PHA(PolyHydroxyAlkanoate), and PBS(Aliphatic Copolyesters).
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| Global Bio-Based Biodegradable Plastics Market, By Applications, 2016 |
As the Biodegradable plastics do not have any impact on the environment the usage of biodegradable plastics is going to increse in future specialy usage of starch, PLA(PolyLactic Acid ), PHA(PolyHydroxyAlkanoate), and PBS(Aliphatic Copolyesters).
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