The total production capacity of North America bioplastics market is estimated to be 0.39 million metric tons in 2015. The market is expected to grow at a CAGR of 28% during the forecast period.
Bio plastics are majorly consumed in the packaging industry in the form of plastic bags and bottles. Other industries include consumer products, agriculture, catering, pharmaceuticals, textiles, etc. Some of the most widely used bio-plastics are polylactic acid (PLA) and PLA blends, starch extracts, bio-polyethylene (bio-PE) and polybutylene succinate.
Market Dynamics of the North America Bioplastics Market:
Countries in the North American region have already started implementing new regulations that promote a wide use of bio-based materials. However, this progress is hindered from time to time due to weak and unclear enforcement guidelines. In the order of market dominance, China, Japan, Thailand and India are some of the major countries actively involves in this industry.
The North America bioplastics market is segmented by bio and synthetic based biodegradables (aliphatic polyesters, starch based plastics, cellulose derivatives, polyanhydrides, poly vinyl alcohols and other biodegradable plastics), by non-bio based biodegradables, by origin (biobased plastics, synthetic biodegradables), by application (bottles and packaging, agriculture, automotive, construction, consumer products and others) and by geography (U.S.A and Canada).
The key players in the North American bioplastics market are:
Key Deliverables in the Study