(sacbee.com) -- World Bioplastics - industry study, presents historical demand data (2000, 2005, 2010) and forecasts for 2015 and 2020 by product, market, world region and for 16 major countries. The study also considers market environment factors, evaluates company market share and profiles 38 industry competitors such as Arkema, NatureWorks, Metabolix, BASF, Innovia Films,Novamont and Rodenburg Biopolymer
Global demand for biodegradable and bio-based plastics will more than triple to over one million metric tons in 2015, valued at $2.9 billion. Bioplastics have moved past the initial phase of market introduction and are now experiencing robust increases in demand in virtually all parts of the world.
Ultimately, however, price considerations will be the main driver of bioplastic market success, and rising petroleum costs may allow some bioplastic resins to achieve price parity with conventional plastics by the end of the decade. Starch-based resins, PLA to pace biodegradables Biodegradable plastics accounted for 90 percent of the world bioplastics market in 2010. Excellent growth is forecast for the two leading biodegradable plastics, starch-based resins and polylactic acid (PLA), both of which will more than double in demand through 2015.
Despite the strong advances for biodegradable resins, non-biodegradable biobased resins will be the primary driver of bioplastics demand through 2015 and beyond. Gains will be stimulated by the availability of commercial quantities of bio-based polyethylene from Braskem's 200,000 metric ton per year plant in Brazil, which opened in late 2010. Two other bio-based polyethylene plants, as well as bio-based polypropylene and PVC facilities, are expected to open around 2015. Additionally, industrial production of fully bio-based PET is forecast to become a reality by the end of the decade.