MarketsandMarkets: Global Biodegradable Plastics Market to be 2330 Thousand Metric Tonnes by 2016

DALLAS, Texas, May 18, 2011 /PRNewswire/ -- The "BiodegradablePlastics Market: by Types (Starch, PLA, PHA, PCL and PBS)Applications, Regulations, Prices, Trends & Forecast (2011-2016)"analyzes the biodegradable plastics by types and applications andstudies the major market drivers, restraints, and opportunities forthe biodegradable plastics in North America, Europe, Asia, and ROW.

Browse 121 market data tables and figures with 361 pages and in-depth TOC on Biodegradable Plastics Market: by Types (Starch, PLA,PHA, PCL and PBS) Applications, Regulations, Prices, Trends &Forecast (2011-2016) http://www.marketsandmarkets.com/Market-Reports/biodegradable-plastics-93.htm l Early buyers will receive10% customization of reports.

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The increasing demand for renewable and bio-based materials andshift in consumer preference for eco-friendly packaging is drivingthe market for global biodegradable plastics. The globalbiodegradable plastics market in terms of volume ('000 metric tons)is expected to grow from 664 thousand metric tons in 2010 to 2330thousand metric tons in 2016 at an estimated CAGR of 20.24% from2011 to 2016.

Biodegradable plastics offer tremendous potential in variousapplications including packaging, electronics, transport, textilesand medical. Amongst all market segments, the starch-based plasticsmarket commands the largest share in terms of volume, while PLA-based plastics lead the market in terms of revenue. Packaging formsthe largest application market due to increased consumer awarenessfor sustainable packaging. The packaging application contributedover 50% of the global biodegradable plastics market in 2010. In PLA-based plastics, textiles applications are expected to have thehighest CAGR of 23.16% from 2011 to 2016.

Europe accounted for the major share for global biodegradableplastics market; estimated to be 40.6% in 2010. This was primarilydue to the fact that focus on sustainability is significant inEurope, especially in the European Union. Due to this, Europe is themost regulated market; especially when it comes to certifying andcommercializing new plastic products. North America forms the secondlargest biodegradable plastics market in the world. The marketplayers are focusing on agreement and collaboration in order toshare technical expertise in the production of biodegradablepolymers, which therefore accounted for the highest share of thetotal competitive developments in the global biodegradable plasticsmarket from May 2008 to April 2011.

Industry participants with the most agreements andcollaborations; along with significant product developments includeCardia Bioplastics limited, Cereplast, Purac, and Telles. In 2011,Cereplast, Inc. concluded a multi-million dollar distributionagreement with BioWorks Pl for the distribution of Cereplastbioplastic resins in the Polish market.

Scope of the report

This research report categorizes the global market forbiodegradable plastics market on the basis of product types,applications and geography; forecasting revenues and analyzingtrends in each of the following submarkets.

__ On the basis of product type

__ - Starch

__ - PLA

__ - PHA

__ - PCL

__ - PBS

__ On the basis of application

__ - Packaging

__ - Agriculture

__ - Transport

__ - Electronics

__ - Textiles

__ - Medical

__ On basis of geography

__ - North America

__ - Europe

__ - Asia

__ - RoW

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