Biodegradable polymers to reach 1,845 million pounds by 2015

Renewable Chemicals Digest
January 21, 2011

In California, Global Industry Analysts has a new report, stating that the global market of biodegradable polymers will reach 1,845 million pounds by 2015. Principal factors driving growth include fast depletion of traditional sources of fossil fuel leading to the shift towards renewable sources, backlash arising out of rising environmental pollution, increased need to inhibit greenhouse gas emission, escalating costs of petroleum feedstock and wide scale availability of naturally occurring cheap feedstock, and increasing preference for environmental friendly products.

GIA notes that applications of biodegradable polymers, which were hitherto mostly confined to compostable waste bags/carrier bags, agriculture mulching film, and catering sectors, is rapidly widening to other sectors, including automotive, electronics, toy making, and healthcare.

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