The rising awareness of consumers about environment conservation is driving several companies to adopt practices that involve use of green materials. Both
new entrants and established players in the global market are reacting to this rising trend by adopting environment-friendly manufacturing processes and
providing products that are manufactured using biobased materials.
Browse the full Global Bio-plastics Market Report: http://www.mrrse.com/global-bio-plastics-market
One of the most infamous industries known for its hazardous effects on the environment is the plastics industry. With rising awareness about the lack of
degradability of plastics, many consumers are shifting to products that are made using recyclable materials such as glass, metal, or wood. To adapt to this
shift in consumer preferences, corporates have taken up initiatives to develop and launch plastics that are made using biobased materials. According to
Future Market Insights (FMI), the future outlook for the global bio-plastics market is bright. The market for bio-plastics will expand at a rate of nearly
29% from 2014 to 2020.
Bottle Manufacturing to Dominate Global Bio-plastics Market
On the basis of application, the global bio-plastics market is divided into bottle manufacturing, food service disposables, consumer products,
agriculture/horticulture, automotive, and other packaging. FMI states that the bottle manufacturing segment is expected to expand at a remarkable CAGR
during the forecast period from 2014 to 2020. The bottle manufacturing segment is projected to dominate the global bio-plastics market during the forecast
period. In 2013, the bottle manufacturing segment held more than 50% of the global bio-plastics market.
Browse the full Press Release of
Global Bio-plastics Market
Market to Witness Increasing Number of 100% Plant-based Bottles
In the past few decades, plastic bottles had a mixed composition of plant and synthetic materials. However, currently, the global bio-plastics market is
witnessing a new trend – a rising number of manufacturers are providing beverages in bottles made 100% from plant material. Several companies in the global
bio-plastics market are increasingly launching such bottles. Some of the key companies operating in the global bio-plastics market are Toray Industries,
Techno Polymer, RTP Company, NatureWorks, NaturePlast, Evonik Industries, DSM, Arkema, and BASF.
· Other firms such as PepsiCo, Nestle, and Coca-Cola are also taking initiatives to launch products that
come in plant-based plastic bottles. In 2008, Nestle announced the development of a bottle that comprises nearly 25% recycled PET. PepsiCo is increasing
its efforts to decrease the amount of plastics used for packaging its beverages. In 2008, Pepsi reduced the amount of plastic used in its half-liter
non-carbonated beverage bottle by around 20%. A few years back, a Coca-Cola plant-based bottle was rolled out to several other brands.
The global bio-plastics market is segmented into two types – degradable plastics and non-degradable plastics. With the rising consumer awareness and
growing initiatives from corporates, the demand for biodegradable plastics in the global bio-plastics market will grow by leaps and bounds.