GIA has released a report on Biodegradable Polymers markets; they predict that the global market for Biodegradable Polymers is forecast to reach $3 billion by the year 2015. They claim the growth is being driven by increasing costs of petrochemical feedstocks, preference for cheap renewable feedstocks and greater efforts over environmental concerns such as CO2 emissions and pollution.
The GIA report “Biodegradable Polymers: A Global Strategic Business Report” covers current market trends/activity, growth factors, new products and profiles on market players. Estimates and projections for the market between 2007 and 2015 were made in various markets around the world broken down by market segment and polymer type.
Most plastic products are disposable; within a few weeks most plastic products are sent to land-fill sites, or simply pollute the natural environment. Non-biodegradable plastic bags are the number-one offender here, often being used just once and thrown away. They were the first common application for replacing with biodegradable alternatives, but now this changeover is starting to spread to other sectors, such as the electronics sector and healthcare. As the applications for biodegradable plastics have diversified, interest in them has soared from customers and companies. They are becoming more economically competitive in comparison to petrochemical derived plastics.
Most of the market for biodegradable plastics is represented in Europe, according to the report however, landfill prices in the US are rising and there may be significant growth ahead here for the US biodegradable polymers market in coming years. In Asia, the biodegradable plastics industry is likely to grow strongly in countries such as China and Japan, countries which are making efforts to use more eco-friendly products. The report concludes that biodegradable plastics growth is limited in so called loose-fill packaging applications because there are other preferable materials in use here already. There are other applications that are better suited for growth; compost bags, for one.
Polylactic acid and Co-polyester biopolymers are the most common biodegradable polymers in use, followed by starch based polymers. The report names a number of big players in biodegradable polymers; for example, BASF, Cereplast, Dupont, ECM BioFilms and NatureWorks.
The GIA report “Biodegradable Polymers: A Global Strategic Business Report” covers current market trends/activity, growth factors, new products and profiles on market players. Estimates and projections for the market between 2007 and 2015 were made in various markets around the world broken down by market segment and polymer type.
Most plastic products are disposable; within a few weeks most plastic products are sent to land-fill sites, or simply pollute the natural environment. Non-biodegradable plastic bags are the number-one offender here, often being used just once and thrown away. They were the first common application for replacing with biodegradable alternatives, but now this changeover is starting to spread to other sectors, such as the electronics sector and healthcare. As the applications for biodegradable plastics have diversified, interest in them has soared from customers and companies. They are becoming more economically competitive in comparison to petrochemical derived plastics.
Most of the market for biodegradable plastics is represented in Europe, according to the report however, landfill prices in the US are rising and there may be significant growth ahead here for the US biodegradable polymers market in coming years. In Asia, the biodegradable plastics industry is likely to grow strongly in countries such as China and Japan, countries which are making efforts to use more eco-friendly products. The report concludes that biodegradable plastics growth is limited in so called loose-fill packaging applications because there are other preferable materials in use here already. There are other applications that are better suited for growth; compost bags, for one.
Polylactic acid and Co-polyester biopolymers are the most common biodegradable polymers in use, followed by starch based polymers. The report names a number of big players in biodegradable polymers; for example, BASF, Cereplast, Dupont, ECM BioFilms and NatureWorks.
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