Research and Markets (http://www.researchandmarkets.com/research/ac892c/global_bioplastics) has announced the addition of the “Global Bioplastics Market 2010-2014″ report to their offering. This report, covers the Americas as well as the EMEA and APAC regions, indicates that the market is being driven by the favorable policies adopted by various governments.
According to Technavio’s industry analyst, the excess use of plastics has led to an increase in CO2 emission and toxic landfills. As a result, governments of various countries have been encouraging production of bioplastics. The US Government has introduced the Federal Farm Bill Energy title 9, which urges Federal Agencies to buy bioplastic items. Also, the Kyoto Protocol has been established where member countries have agreed to reduce CO2 emission by adopting various measures, including bioplastics.
The report also highlights that the high cost of production is hindering the growth of this market. However, the rising costs of petroleum products are expected to drive the market.
This market is also marked by the increased usage of bioplastics in the Automobile industry. These are just some of the important findings presented in the report that will enable companies to fully understand the potential in this market and formulate their own strategies.
Technavio’s report, Global Bioplastics Market 2010-2014, is based on extensive research conducted with industry experts, vendors, and end-users. It examines the key trends, drivers, and challenges impacting the evolution of this market. The report also contains incisive insights and SWOT analyses regarding the key vendors in this market.
Key vendors dominating this market include Natureworks LLC, Novamont SpA, ADM/Metabolix, Toyota Motor Corp., and BASF.
Technavio’s Global Bioplastics Market 2010-2014 report has been prepared based on an in-depth analysis of the market with inputs from industry experts. The report, which covers the Americas as well as the EMEA and APAC regions, also covers the Global Bioplastics market landscape and its growth prospects. The report also includes a discussion on the key vendors operating in this market.
For more information visit http://www.researchandmarkets.com/research/ac892c/global_bioplastics
Research and Markets
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Source: Business Wire, 2011-09-21.