Global bio-based Polyethylene market to grow at double digit rates until 2019

01-Jun-16

The global bio-based polyethylene market is valued at US$463.1 mln in 2014, and is projected to grow at a CAGR of 12.3% from 2014 to 2019, as per Reportlinker. The applications covered in the report include packaging, automotive, and others. The packaging segment dominated the market with a share of 88.5% in 2014. Europe dominated the global bio-based polyethylene market in terms of volume in 2014, having accounted for a share of 47.0%. This is attributed to the rising demand of bio-based polyethylene in various industries, such as building & construction, food packaging, and others.