Japan is another prominent market for bio-based biodegradable plastics , characterized by product innovation through substantial investments into R & D activities . “ Manufacturers in the bio-based biodegradable plastics market in Japan are consistently introducing new products , and creating a trend that is being followed by manufacturers in developed markets such as the U . S ., Germany and France . The bio-based biodegradable plastics market in Japan is projected to demonstrate a slightly sluggish growth rate as compared to other APAC countries during the forecast period ”, said Essien Jae .
In terms of application , the packaging sector accounts for the largest share of the global bio-based biodegradable plastics market and is largely driven by Europe . Other key application sectors include fibres , agriculture and medical .
On the basis of product type , the market is broadly segmented into polyester , starch blends , poly lactic acid ( PLA ), poly hydroxyalkanoates ( PHA ) and cellulose . However , apart from the abovementioned types , there are other product types , which were cumulatively estimated to account for around 20 % of the overall market value in 2014 . Polyester and PLA product types are estimated to dominate the global bio-based biodegradable plastics market , as both types were cumulatively estimated to account for over 60 % of the total market value in 2014 .
Further more , the starch-blend segment of the bio-based biodegradable plastics market is expected to demonstrate a slightly sluggish CAGR compared to polyester and PLA throughout the forecast period .
For Any Query on This Report Ask Us : Global bio-based biodegradable Plastics market size , growth , trends , forecast over 2015-2020 , Market by product ( Polyster , starch blends , poly lactic acid ( PLA ), poly hydroxyalkanoates ( PHA ) and cellulose ), By Application ( Packaging , fibres , Agriculture and medical ), by Regions ( Western Europe , North America , Asia-Pacific , Latin America , Eastern Europe , Middle East & Africa ( MEA )). http :// www . futuremarketinsights . com / askus / rep-gb--89
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