Bioplastics expected to grow over 125 per cent in South East Asia

摘要

THE bioplastics market in Southeast Asia is in its nascent stage and in the preliminary development phase. The large population in this region provides an impetus to producers to explore opportunities here. Producers are encouraged by the huge market potential of the region, which primarily stems from the market's novelty and current low penetration in target applications. The market is expected to grow at a compounded annual growth rate of 129.8% in the next 5-7 years until 2015 as per a report by Frost & Sullivan.