Biobased biodegradable plastics are expected to increase its importance in global plastics market, as the share of biobasedbiodegrdable plastics in total plastic consumption is expected to improve in the coming years. Stringent legislation in Europe – followed by other countries, global warming initiatives and easy availability of raw material are key growth drivers for biobased biodegradable plastics market. In addition companies are constantly developing biobased biodegradable plastics from new sources, which will enable them to get sustainable sources of raw material. Global majors such as BASF, DOW, Novamont, Natureworks, Metabolix are operating in this sector. However, the market is at nascent stage and latent opportunities to be unfolded. Geography wise, Western Europe is the largest market, followed by North America and Asia pacific.
In this study, we analyze the Global Biobased Biodegradable Plastics Market during 2014-2020. We focus on:

• Market size and forecast, 2012-2020
• Key drivers and developments in biobased biodegradable plastics market Key Trends and Developments of biobased biodegradable plastics in applications such as packaging, fiber, medical agriculture and others
• Key Drivers and developments in particular regions such as North America, Europe, Middle East and Africa (EMEA), Asia Pacific and Latin America Government policies and initiatives for biobased biodegradable plastics market in all four regions
Key Geographies Covered
Western Europe, North America, Asia-Pacific, Latin America, Eastern Europe and Middle East & Africa (MEA),
Other Key Topics

• New raw material sources, standards & Certification, segmental performance Examples of key Companies Covered
BASF, DOW, Novamont, Natureworks, Metabolix Inc., Corbion, Biome Technologies

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Biobased biodegradable plastics are a relatively new area that companies and scientists alike have been exploring. Hoping to reverse the damage brought upon by traditional petroleum-based plastics and to mitigate the impact they have on the current reserve of resources, biobased biodegradable plastics present before modern society a sustainable alternative derived from renewable resources.
According to recent studies, the market for biobased biodegradable plastics is anticipated to perform significantly well, despite its nascent stage. Industry research indicates that this global market will present a growth rate of approximately 18% from 2014 to 2020, with Europe leading all other regions in terms of revenue. While North America has been consistent with its performance in the past, Latin America is predicted to emerge as the dark horse, taking the lead in terms of compound annual growth rate. Asia Pacific also shows signs of strong growth, with Japan surging ahead of other APAC countries in the coming years.
Of the total consumption of plastics across the globe, in 2013, biobased biodegradable plastics accounted for 591,000 metric tonnes, which is a 0.1% share of the overall figure. This number may seem substantially insignificant when compared to fossil fuel-based plastics. Nevertheless, market studies show that this segment will gain impressive growth by 2020.

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