Lewes, DE -- (SBWIRE) -- 02/26/2016 -- Global Bio Plasticizers Packaging Market is accounted at $0.5 billion in 2015 and is expected to reach $1.5 billion by 2022 growing at a CAGR of 16.9%. Stringent regulations, technological advancements and increasing demand for Polyvinyl chloride are the key factors fueling the market growth. Higher Cost is the major factor hindering the market. The opportunity lies in growing demand in APAC countries and helps in reducing carbon footprint. Depending upon its various types, the consumption trend of bio plasticizers differ in various regions. Epoxidized Soybean Oil (ESBO) is one of the most chosen additives in Polyvinyl Chloride (PVC) gasket used mostly in food packaging.
Read the full press release at http://www.sbwire.com/press-releases/global-bio-plasticizers-packaging-market-is-expected-to-reach-15-billion-by-2022-finds-new-report-668462.htm