Global bioplastics market forecast to reach US$7.7 billion by 2016

February 7, 2013 |

In Ireland, Research and Markets reports that the global bioplastics market is expected to reach US$7.7 billion by 2016 at a compounded annual growth rate (CAGR) of 24.3%, globally. Region-wise analysis shows that Asia-Pacific is forecasted to record the highest growth rate of 25.7% during the analysis period 2011-2016. The Americas follows Asia-Pacific with a CAGR of 25.2%. Europe forecasts to drive with a growth rate of 23.5%. Poly esters and Poly olefins are expected to drive the growth. Among the end-users, electronic and electrical industries are expected to have a better support over packaging industry. The reports is titled “Bioplastics – A Global Market Watch, 2011 – 2016.”

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