Global biodegradable-polymers market to grow 13% a year

Food packaging seen as major application; Europe accounts for half of total consumption.

PRESS RELEASE -- Converting Magazine, 2/5/2010 8:55:44 AM

Despite the recent economic slowdown, the global biodegradable polymers market grew stronger and doubled its market size from 2005-2009. This market is positioned to grow 13% annually between 2009 and 2014, says SRI Consulting (SRIC). It released its global Biodegradable Polymers report that provides the most comprehensive and timely information on the worldwide 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 greenhouse-gas 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."

SRI Consulting's Biodegradable Polymers report provides current and comprehensive information on this global industry, including trends, supply and demand, and analysis of the competitive environment. More info: www.sriconsulting.com/CEH