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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