webinar

Creating A Winning Culture: It’s Only data Unless you Use it!
View On-Demand Through December 10, 2014

Latest Headlines

Global market for biodegradable plastic expected to soar

August 29, 2012
/ Print / Reprints /
ShareMore
/ Text Size+

A study released by Transparency Market Research (www.transparencymarketresearch.com) predicts that the market for these materials will be worth nearly $7.8 billion by 2018, almost quadrupling from its current value of $2.3 billion.

Biodegradable plastics covers both synthetic (petroleum derived) and renewable (bio-based) materials, but the growth will be in the latter as it is considered a more sustainable option.

Although the synthetic plastics market is growing at a steady pace, it lags behind bio-based alternatives and is experiencing a decreasing market share.

The bio-based market is segmented on the basis of its types as starch based plastics, polylactic acid (PLA) and polyhydroxyalkanoates (PHA). This sector alone is expected to reach a value of $7 billion over the next six years.

Major brands such as Coca-Cola are now looking to exploit greater use of plant-based materials for use in packaging - the drink company announced last year it was entering into partnerships with biotech companies to develop commercial solutions for its next-generation of PlantBottle.

Other factors underpinning the growth of such materials are cheap feedstock supply and consumer acceptance. Globally, the main end-markets for biodegradable plastics are in packaging, agriculture and transportation.

Did you enjoy this article? Click here to subscribe to Food and Beverage Packaging

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

2014 Beverage Breakthroughs of the Year

Beverage packaging innovations huff, puff and blow traditional packaging down.
12/10/13 2:00 pm EST

Creating A Winning Culture: It’s Only data Unless you Use it!

On-Demand Manufacturers are often trying to answer a simple question: why is my machine stopped?  Or more precisely what caused my machine to stop?

THE MAGAZINE

Food and Beverage Packaging

FBP April 2014 cover

2014 April

Check out the April 2014 issue of Food & Beverage Packaging, featuring our annual Packages of the Year cover story!

Table Of Contents Subscribe

Packaging Formats

Which packaging format do you want to see more of with regards to meat/poultry/seafood packaging?
View Results Poll Archive

The Food and Beverage Packaging Store

M:\General Shared\__AEC Store Katie Z\AEC Store\Images\FBP\modified-atmosphere.gif
Modified Atmosphere and Active Packaging Technologies

Many factors are relevant in making the proper choice of food packaging material, including those related to shelf life and biodegradability.

More Products

FBP Buyer's Guide

2013 FBP Buyers Guide

 

 

Food and Beverage Packaging's Buyer's Guide provides a list of suppliers of food and beverage packaging solutions. 

Clear Seas Research

CS-OflRGBhomepage.jpgWith access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

STAY CONNECTED

Facebook icon Twitter iconYoutube icon LinkedIn icon