Global bioplastics market to reach $2.8 billion in 2018

The market research institute Ceresana Research expects the global bioplastics market to reach revenues of more than $2.8 billion in 2018 – corresponding to average annual growth rates of 17.8%. High expectations will be placed on the bioplastic industry in future. Bioplastics are supposed to contribute to protecting the climate, provide a solution for the waste issue, reduce the dependence on fossil raw materials, and improve the image of plastic products. With a roughly 48% share of global demand, Europe was the largest outlet for bioplastics in 2010, followed by North America and Asia-Pacific. Over the next eight years, shares in demand of the individual world regions will shift significantly. Ceresana forecasts two regions to considerably influence the bioplastics market: Asia-Pacific and South America. Because of dynamic growth in consumption and production, Asia-Pacific will expand its share of bioplastics demand. Non-biodegradable plastics based on renewable resources are forecasted to increase their market share from 8% in 2010 to more than 47% in 2018. www.ceresana.comAir Jordan IX 9 Shoes