The report on Biodegradable Plastics considers its four commonly used applications: packaging, fibers, agriculture, and injection molding. The global industry is witnessing high growth because of increasing applications, technological advancements, and growing demand in the Asia-Pacific region. Biodegradable plastics are largely used in industries such as packaging, fibers, agriculture, injection molding, and others. The injection molding application market growth is one of the major drivers for this market. Decreasing cost of biodegradable plastics manufacturing and increasing environmental awareness are further driving the biodegradable plastics market globally.
Packaging is the largest application of biodegradable plastics across the world. The market size, in terms of value for the same is projected to reach $2,007.94 million by 2019. The demand for eco-friendly packaging made from bio-based plastics is growing at a high rate. This is due to the products such as PLA, PHA, and starch-based plastics which are expected to find high demand in their applications.
Most of the bio-based plastics are biodegradable and have compostable nature enabling them to decompose rapidly. Increasing environmental legislation has encouraged the use of biodegradable plastics, especially in carrier bags and packages. While packaging currently forms the largest application market for PHA, the plastics is also witnessing increasing demand from the manufacturers of medical accessories and personal hygiene products.
Polyhydroxyalkanoate is the fastest growing type of biodegradable plastic, driven by its high use in tissue engineering, wound healing, and drug delivery. The packaging market for biodegradable plastics has a wide scope for its expansion, which in turn would help in increasing the consumption for polyhydroxyalkanoate (PHA) biodegradable plastics.

Part of 592 issue - OCTOBER 2014. All rights reserved except agreement written by Emballage Digest or mention of the magazine