NEW YORK, Nov. 10 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue.
Global demand to increase more than fourfold by 2013
Global demand for bioplastics, which include plastic resins that are biodegradable or derived from plant-based sources, will rise more than fourfold to 890,000 metric tons in 2013. This extraordinary growth will be fueled by a number of factors, including consumer demand for more environmentally-sustainable products, the development of bio-based feedstocks for commodity plastic resins, and increasing restrictions on the use of plastic products, particularly plastic bags. Most importantly, however, will be the expected continuation of high crude oil and natural gas prices, which will allow bioplastics to become more cost-competitive with petroleum-based resins. Looking ahead to 2018, world bioplastics demand is forecast to reach nearly two million metric tons, with a market value of over $5 billion.
Non-biodegradable plastics to be primary demand driver
Biodegradable plastics, such as starchbased resins, polylactic acid and degradable polyesters, accounted for the vast majority (nearly 90 percent) of bioplastics demand in 2008. Double-digit gains are expected to continue going forward, fueled in part by the emergence of polyhydroxyalkanoat
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