Cereplast is strongly positioned to meet soaring demand for bioplastic resins in the Asia - Pacific market
Cereplast, Inc. is strongly positioned to meet soaring demand for bioplastic resins in the Asia -Pacific market. The region is forecasted to gain the highest global growth rate of 25.7% during the period of 2011 through 2016, according to a 2013 report by Research and Markets. Cereplast provides the global market with its innovative range of bioplastic resin designed for multiple purposes.
Cereplast recently generated $450,000 in India for its bioplastics resins and new contracts are expected going forward.
These contracts are indicative of the expected surge in market growth. Key factors driving increased volume in the bioplastic market include escalating fossil fuel prices, the effort to decrease dependence on fossil fuels, wider consumer acceptance of plastic alternatives , rise in demand for eco -friendly packaging materials, and the need to better protect and preserve the environment from the perils of plastics . Each has resulted in regulations banning the use of plastic bags in various countries across the globe.
Given the surge and versatility of petroleum prices, Cereplast Sustainables® resins provide a competitive pricing structure for products traditionally made with fossil fuel-based plastics, given the surge in petroleum prices.
Cereplast Sustainables® can replace up to 95% or more of the petroleum content used in traditional plastics and provide a lower carbon footprint for durable applications such as automotive, consumer goods , fashion accessories, consumer electronics, medical packaging, cosmetics packaging, toys, furniture, office supplies, home accessories and construction.