Reportlinker.com announces that a new market research report is available in its catalogue: Bioplastics: Technologies and Global Markets
Bioplastics will grow at a significant pace over the next 5 years. The total worldwide use of bioplastics is valued at 571,712 metric tons in 2010. This usage is expected to grow at a 41.4% compound annual growth rate (CAGR) from 2010 through 2015, to reach 3,230,660 metric tons in 2015.
By 2010, ready access to crops such as soybeans, corn, and sugarcane moved the United States strongly into bioplastics. North American usage is estimated at 258,180 metric tons in 2010 and is expected to increase at a 41.4% compound annual growth rate (CAGR) to reach 1,459,040 metric tons in 2015.
Use of bioplastics got off to a faster start in Europe than in the United States. European usage is now reported at 175,320 metric tons in 2010 and is expected to increase at a 33.9% compound annual growth rate (CAGR) to reach 753,760 metric tons in 2015.
Market forces, especially increasing focus on environmental threats such as global warming and disposal of products containing toxic materials, have strongly driven development and early use of bioplastics.
Bioplastics are plastics that are made from renewable resources, such as food crops or biomass. The terms "bioplastics" and "biodegradable plastics" have been used interchangeably, but there is a difference between the two types of polymers.
BCC Research defines a fully biodegradable polymer as a polymer that is completely converted by microorganisms to carbon dioxide, water, and humus. In the case of anaerobic biodegradation, carbon dioxide, methane, and humus are the degradation products. Some, but not all, bioplastics are also biodegradable.
STUDY GOALS AND OBJECTIVES
Goals and objectives of this study include:
Identifying trends that will affect use of bioplastics and their major end-use application markets
Reviewing, analyzing, and forecasting specific end markets for bioplastics by material types, with sections devoted to each type of renewable-sourced plastic
Analyzing and forecasting market developments from the viewpoint of major applications for bioplastics, that is, packaging, automotive, electrical/electronic, medical, building, and construction and others
Profiling many of the most important suppliers of bioplastics, including resin roducers and compounders
REASONS FOR DOING THE STUDY
The rapid emergence of bioplastics is one of the major materials stories of the period starting in 2010. Once billed as biodegradable plastics, the theme for renewably sourced plastics has shifted dramatically in recent years to sustainability. In order to maximize market impact, there is now a growing trend to compound bio-based plastics with oil-based plastics to extend their reach into markets for durable products used in cars, cell phones, and elsewhere. The focus has shifted to total carbon footprint, and away from contribution to the solid waste stream.