Citation
(2010), "Global biodegradable polymers market positioned to grow 13 percent a year", Pigment & Resin Technology, Vol. 39 No. 4. https://doi.org/10.1108/prt.2010.12939dab.002
Publisher
:Emerald Group Publishing Limited
Copyright © 2010, Emerald Group Publishing Limited
Global biodegradable polymers market positioned to grow 13 percent a year
Article Type: Environment and safety From: Pigment & Resin Technology, Volume 39, Issue 4
Despite the recent global economic slowdown, the global biodegradable polymers market grew stronger and doubled its market size from 2005 to 2009. This market is positioned to grow 13 percent annually between 2009 and 2014. Today, SRI consulting (SRIC) released its global biodegradable polymers report that provides the most comprehensive and timely information on the world wide biodegradable polymers industry.
Europe accounts for about half of total consumption. Double digit annual growth is expected in Europe, North America, and Asia in the next several years. A major driver in the use of biodegradable polymers will be the food packaging, dishes and cutlery market segments. Legislation and improved cost competitiveness will have an effect on growth, as will consumer concerns over reducing landfills, fossil fuel independence, reduction of GHG emissions, and pressure for environmentally friendly products.
Overall, the biodegradable polymers industry might develop even faster than expected. Lead author and Consultant Michael Malveda commented, “Future legislation enacted will have a major impact as to how widely these polymers are used.” Mr Malveda continued, “Likewise, prices of petroleum-based alternatives and the economy’s recovery will help shape the industry’s future.”
SRIC’s biodegradable polymers report provides current and comprehensive information on this global industry, including trends, supply and demand, and analysis of the competitive environment.
For additional information about the report, please contact Koon-Ling Ring, Director of the Chemical Economics Program at: kring@sriconsulting.com or+1-650-384-4359, or visit the web site at: www.sriconsulting.com/CEH