Synthetic and Bio-Based Biodegradable Plastics Market is Expected to Reach USD 7.8 Billion Globally in 2018: Transparency Market Research

Synthetic and Bio-Based Biodegradable Plastics Market is Expected to Reach USD 7.8 Billion Globally in 2018: Transparency Market Research PR Newswire ALBANY, New York, August 14, 2012 ALBANY, New York, August 14, 2012 /PRNewswire/ -- According to a new market report published by Transparency Market Research (http://www.transparencymarketresearch.com) "Synthetic and Bio-Based Biodegradable Plastics - Global Industry Analysis, Market Size, Applications, Share, Growth and Forecast, 2011 - 2018", global synthetic and bio-based biodegradable plastics market was worth USD 2.3 billion in 2011 and is expected to reach USD 7.8 billion in 2018, growing at a CAGR of 19.5% from 2011 to 2018. In the overall global market, Europe is expected to maintain its lead position in terms of revenue till 2018. Europe is expected to enjoy 36.8% of global synthetic and bio-based biodegradable plastics market revenue share in 2018 followed by North America. Browse the full report athttp://www.transparencymarketresearch.com/synthetic-and-bio-based- biodegradable-plastics-market.html (Buy Risk Free - "Flat 60% refund within 2 work days, If not satisfied with market size and forecast") The global synthetic and bio-based biodegradable plastics market is driven by growing demand for eco-friendly materials in mainly packaging industry, cheap feedstock supply and its acceptance by the consumers. Globally, biodegradable plastics find its major use in packaging, agriculture and transportation industries.