London, 13 October 2014 – TechNavio, a global tech-focused research firm has announced the publication of its market research report on the Strategic Analysis of Global Synthetic and Bio-based Biodegradable Plastics Market 2014-2018.
Biodegradable plastics encompass a wide range of materials that may be bio-based, biodegradable or both. These differ from conventional non-biodegradable plastics in terms of raw materials, production technology, applications and composting. The Global Synthetic and Bio-based Biodegradable Plastics Market is expected to grow at a CAGR of 20.41 percent by 2018.
About the Report
The latest report by TechNavio focuses on the rising threats to the environment due to the accumulation of plastic waste and health hazards posed by its unhealthy disposal, which have also prompted introduction of stringent regulations for plastic usage. The report also highlights the growing demand from retailers and changing consumer perceptions, which have opened up tremendous growth opportunities for market players worldwide.
“Many manufacturers and vendors are expanding their presence through joint ventures and acquisitions, which is creating a competitive advantage and bringing about remarkable growth in the market,” says Faisal Ghaus, Vice President of TechNavio.
“Another major movement is the initiative taken by governments and regulatory bodies to educate consumers about the importance of using biodegradable plastics. Many corporations are also engaging in programs to create consumer awareness of environmental protection through ‘Corporate Social Responsibility’ activities.”
Key Information Covered in the Report:
Market segmentation, size and forecast through 2018
Market Growth Drivers:
- Favorable Regulatory Outlook
- For a full detailed list, view our report.
Market Challenges:
- Lack of Sophisticated Technology
- For a full detailed list, view our report.
Market Trends:
- Expansion of the Market
- For a full detailed list, view our report.
Key Vendors:
- Arkema Inc.
- BASF SE
- Braskem S.A.
Other Prominent Vendors:
- Arkema
- BASF
- Cabopol Polymer Compounds
- DaniMer Scientific
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