Global Biodegradable Polymers Market to Reach 1845 Million Pounds by 2015, According to a New Report by Global Industry Analysts, Inc.

Share Article

GIA announces the release of a comprehensive global report on Biodegradable Polymers markets. The global market for Biodegradable Polymers is forecast to reach 1845 million pounds by the year 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.

Biodegradable Polymers: A Global Strategic Business Report

Massive volumes of plastic products are disposed worldwide every year, exerting enormous pressure on the ecological balance. All such plastics form potential candidates for substitution by biodegradable polymers in future. 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. With enhanced processability, extending customer base and improved costs, biodegradable polymers are proving to be environmentally beneficial and economically viable alternative to conventional polymers. These polymers have generated wide scale interest amongst customers and companies alike. The presence of a sizable potential market has opened up a plethora of opportunities for companies within the chemical, agricultural, and plastic sectors.

Europe presently accounts for majority of the biodegradable polymers market, as stated by a new market research report on Biodegradable Polymers. However, the soaring landfill prices in the US provide the market with significant growth opportunity. Factors such as fast depletion of petroleum-based raw materials, growing consumer awareness, global warming and increasing concerns over solid waste disposal, would continue to drive demand for biodegradable polymers in the US. In addition, Asian countries, including China and Japan, also exhibit strong growth potential for biodegradable polymers. Growing demand for eco-friendly products, mounting production volume, and the plastic waste control regulation promises a sanguine future for biodegradable polymers in China.

Packaging (Loose-fill/Other), which traditionally represented the largest application area for biodegradable polymers, has been losing ground to other emerging applications, such as compost bags, agriculture, and horticulture. Lack of municipal composting facilities, curbside collection, popularity of air filled plastics as well as other materials for packaging protection is limiting the growth of biodegradable polymers in loose-fill packaging applications. This is in turn presenting lucrative opportunities for growth of biodegradable polymers in other major applications such as compost bags. The global market for biodegradable polymers from compost bags application is forecast to grow at a CAGR of 20.9% over the analysis period.

Polylactic acid biopolymers and Copolyester–based biopolymers are the most widely used biodegradable polymers used. In addition, there is a continued demand for starch biopolymers in modified form, or blends (starch blended with other polymer or polyolefin). Major suppliers of starch-based biopolymers include Novamont, DuPont, among others.

Major players of biodegradable polymers profiled in the report include Durect Corp., American Excelsior Company, BioGroupUSA Inc., BASF SE, BIOTEC GmbH & Co. KG, Cereplast Inc., Cortec Corp, E. I. du Pont de Nemours and Company, Daicel Chemical Industries Ltd., Eastman Chemical Company, ECM BioFilms Inc., FP International, IRe Chemicals Limited, Metabolix Inc., Mitsubishi Plastics Inc., Mitsui Chemicals Inc., National Starch and Chemical Company, NatureWorks LLC, Novamont S.p.A, Perstorp UK Limited, Rodenburg Biopolymers B.V., ReNewable Products Inc., Showa High Polymer Co. Ltd., Storopack Hans Reichenecker GmbH, Toyobo Co. Ltd., among others.

The research report titled “Biodegradable Polymers: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of the Biodegradable Polymers markets, impact of the recession on the market, current market trends, key growth drivers, product introductions, recent industry activity, and profiles of major/niche global as well as regional market participants. The report provides annual sales estimates and projections for Biodegradable Polymers for the years 2007 through 2015 for the following geographic markets – United States, Canada, Japan, Europe, and Rest of World. Key end-use segments analyzed include Packaging (Loose-fill/Other), Compost Bags, and Others. In addition, the US market also analyzes the market in terms of Co-Polyester-Based Biopolymers, Polyactic acid-based Biopolymers, Starch-based biopolymers, and Other biopolymers (including Lignin-Based Biopolymer, Soybean-Based Biopolymers, Water-Soluble Biodegradable Polymers, and Polycaprolactone-based Biopolymers).

For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Biodegradable_Polymers_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world’s largest market research publishers. The company employs over 800 people worldwide and publishes more than 1200 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/

# # #

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Public Relations
Visit website

Media