The Universal Selection Source:
Plastics & Elastomers
Industry News

Concern about Sustainability & Global Climate Change Drives Market for Bioplastics: Visiongain

Published on 2014-11-07. Author : SpecialChem

The bioplastics market will reach a market value of $3.94 billion in 2014. The global bioplastics market is a small but significant sub-sector of the plastics industry. Bioplastics is an environment-friendly method that does not occupy landfills. Moreover, plants provide a cheap and sustainable alternative to their petroleum counterparts. In the coming years, economics, legislation and environmental issues will all drive policies to support sustainable growth across the nations and various industries. Bioplastics will have an increasing importance and market share in the plastics industry as well as a material in general over the coming years.

The plastics industry has been faced with continuous pressures from the government, consumers and the media and being coerced to consider how it can make its products more sustainable. Faced with pressing issues of high raw material costs and increased dependence on crude oil, ‘sustainable plastics’ has become a top priority for the plastic material sector. Manufacturers in response are constantly analyzing the changing market trends to innovate their products in order to stay in competition.

In recent times, new and stringent environmental protection regulations in the world have forced countries to rethink their environmental protection strategies. Major changes in the climate have made people more determined to become environmentally friendly. The plastic industry and in particular the plastic packaging industry like all other consumer goods industries reacted and began a series of innovations in sustainable packaging products. Moreover, with the decrease in available fossil fuel reserves and increase in cost of petrochemicals, industries require renewable resources to become sustainable.

Emerging new trends also often require changes in the laws and regulations which govern the market. This in turn causes substantial change in the investment plans directed at the development of new technologies to accommodate the new trends. As ecological considerations continue to rise, the bioplastics industry will also see a rise in investments to establish pollution prevention methods and equipment. Strong environmental movements in the EU, Japan and US raise a concern about sustainability, global climate change and waste disposal options, creating a market opportunity for natural compostable bioplastics.

The report will provide an insight on:
• Global bioplastics market; and analysis to keep your knowledge ahead of your competition and ensure you exploit key business opportunities
• Assessment of the bioplastics market and prospects with the help of 109 tables, charts, and graphs
• What industry thought leaders are thinking: 3 exclusive expert interviews
• Sales predictions for 10 key end use submarkets from 2014-2024
• The prospects for bioplastics companies in 5 regional markets – where will the highest revenues and opportunities occur?
• The factors affecting product developers, and everyone within the value chain. Learn about the forces influencing market dynamics
• The 19 leading companies are in the bioplastics industry

About Visiongain
Visiongain is an independent business information provider for the Telecoms, Pharmaceutical, Defence, Energy and Metals industries. It organizes conferences, publishes reports and newsletters, and provides consultancy services. Established in 1998, it has built a strong reputation for covering business-critical topics and investigating issues that other information providers will not.

Source: Visiongain 

ForTii Ace
The Chemicals Sales & Marketing Toolbox
Back to Top