According to investigation, under the impetus pf renewable and biodegradable trend, global packaging market will demand 9.45 million tons of biodegradable plastic bags in 2023. Average annual compound growth rate as high as 33%. The report which called “ The Forecast of Biodegradable Packaging Market in 2023†deeply analyze the future ten years development biodegradable packaging market, its content includes ultimate using market, regional market and suppliers and many other aspects, at the same time, it also forecasts the trend of this scientific development.
The requirements of Asia market is rising markedly. Simithpira company says in report that global expenditure of polymeric materials have been beyond 650 billion dollars in 2013, the portion of North America and European market just is 25%, but the portion of Asia including Japanese market is 40%. Other areas portion is 12%. Asia requirements of polymeric materials will reach 34% among global requirements. And European and North America portion in global polymeric material market will reduce.
The increase of public environmental attitude and the higher price of fossil fuel and related products promote the development of biodegradable plastic. With the price of traditional oil polymeric material become higher, the adoption and growth rate of biodegradable plastic bags become higher in global packaging area.
Biodegradable materials become more and more popular. With renewable materials become important raw material and energy, biological factory will increase investment to technology and production of chemical materials. Some raw materials will be processed as biodegradable materials.
Biodegradable polymeric materials are most used in packaging and food service, such as various biodegradable bags. It mainly is used to pack disposable items or trash. So, biodegradable function become the first choice when people choose packaging material. Why there are seldom people pay attention to this question, because biodegradable plastic has a better price than normal material. But in the report from Simithpira company, biodegradable items as renewable material has become important in market. Its future will be better than our imagination.
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