Browse 84 tables and 52 figures spread through 145 Pages and in-depth TOC on "Biodegradable Plastics Market by Type (PLA, PHA, PBS, Starch-Based Plastics, Regenerated Cellulose, PCL), by Application (Packaging, Fibers, Agriculture, Injection Molding, and Others) - Global Trends & Forecasts to 2020"

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The biodegradable plastics market is segmented by type, by application, and by region. The market size of each region, namely, Western Europe, North America, Asia-Pacific, and Rest of the World (RoW) is projected in the report. The key countries such as the U.S., Germany, China, and Japan are covered and their respective market sizes are forecasted along with their growth rates.

PLA: Largest Segment, By Type

PLA is expected to be the largest segment, in terms of volume, in 2015 with a market share of more than 45.1% of the total biodegradable plastics market. PLA is also expected to grow at the second-fastest rate among all the types of biodegradable plastics. The growth of PLA is expected to be driven by its superior mechanical properties and ease of processability. In terms of value, starch blends are expected to account for the largest share in the market during the forecast period. This is due to the comparative high cost of starch blends to PLA.

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Packaging: Largest Segment, By Application

The packaging application is expected to be the largest segment, both in terms of value as well as volume, in 2015 with a market share of more than 60.3% of the total biodegradable plastics market. Biodegradable plastics are being increasingly used to manufacture single use packaging materials such as shopping bags, disposable cutlery, and others. The increased use of biodegradable plastics in this application is attributed to increasing environmental awareness.

Growth Drivers:
-Use of Renewable & Bio-Based Raw Materials
-Biodegradability
-Positive Attitude of Government Toward Green Procurement Polices
-Shift in Consumer Preferences Toward Eco-Friendly Packaging

Biodegradable Plastics Market, By Application

-Packaging
-Fibers
-Agriculture
-Injection Molding

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