New report sheds light on global bioplastics market
from The A to Z of Materials
The global bioplastics market is expected to reach $7.7 billion by 2016 at a compounded annual growth rate of 24.3 percent, globally. Volume-based studies reveal that Europe is expected to overcome the Asia-Pacific region in terms of growth rate. Polyesters and polyolefins are expected to drive the growth. Among the end-users, electronic and electrical industries are expected to have a better support over the packaging industry.
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