Biodegradable Polymers: A Global Strategic Business Report
San Jose, California (PRWEB) September 17, 2014
A biodegradable polymer can be totally disintegrated by naturally occurring microorganisms such as bacteria, fungi, and algae into smaller units (monomers) and subsequently transformed into water, methane, biomass, inorganic compounds, carbon dioxide, and humus in a specified time. With enhanced processability, expanding customer base and improved costs, biodegradable polymers are proving to be an environmentally beneficial and economically viable alternative to conventional polymers. Primary factors that are responsible for the strong evolution of the market over the years include fast depletion of traditional sources of fossil fuel leading to the shift towards renewable sources, consumer’s increasing preference for environmental friendly products, and increased need to inhibit greenhouse gas emission. Growing sensitivity towards the environment among individual and governments alike, escalating costs of petroleum feedstock, and wide scale availability of naturally occurring cheap feedstock represent other important growth drivers.
Future growth in the market will be driven by plastic waste control regulations, global warming initiatives, and the subsequent non-biodegradable plastic bag ban in several countries worldwide. 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. These emerging applications represent one of the key drivers for the long term growth of the biodegradable polymers market. Compost Bags, which are specially manufactured biodegradable bags to dump all waste of vegetable, organic kitchen, and fruit, represent the largest end-use segment for biodegradable polymers.
As stated by the new market research report on Biodegradable Polymers, Europe represents the largest market worldwide, followed by the US. Rapidly depleting landfill capacity, gas and fossil fuel dependence, growing need to inhibit greenhouse gas emissions, strong regulations in terms of certification and commercialization of new polymers, and increasing consumer attention towards sustainable practices represent key drivers of growth in these developed markets. Asia-Pacific represents the fastest growing market with a CAGR of 22.9% over the analysis period. Polylactide (PLA) Biopolymer (PLA BP) represents the largest product segment in the US market.
Key players covered in the report BASF SE, Biotec GmbH & Co. KG, Corbion Purac, E. I. du Pont de Nemours and Company, FKuR Kunststoff GmbH, Innovia Films, Japan Corn Starch Co., Ltd., Kingfa Sci. & Tech. Co. Ltd, Metabolix, Inc., Mitsubishi Chemical Corporation, NatureWorks LLC, Novamont SpA, Rodenburg Biopolymers, Showa Denko K.K. and Trellis Earth, Inc. among others.
The research report titled “Biodegradable Polymers: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends growth drivers, regulations, issues, challenges, and strategic industry activities of major players worldwide. The report provides market estimates and projections for all major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, and Rest of Asia-Pacific), and Rest of World. End-use segments analyzed in the report include Packaging (Loose-fill/Other), Compost Bags, and Others. Product segments analyzed for the US market include Co-polyester, PLA BP, Starch, and Others.
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