U.S. Biodegradable Plastics Market
This report overviews the state of biodegradable plastics in the U.S., looking at types of biodegradable plastics, current and expected demands, uses and industry players.
Demand for biodegradable plastic in the U.S. is forecast to expand nearly 16 percent per year to 720 million pounds in 2012, valued at $845 million. Average prices will continue to decline as a result of higher capacity and greater production efficiencies, as well as price mixes reflecting fastest growth for the lower priced resins.
Myriad opportunities are anticipated based on a more competitive pricing structure, increased competitiveness with petroleum-based polymers, and growing environmental, governmental and consumer initiatives for greater use of sustainable resources.
Biodegradable plastic applications are also being expanded by developing testing and certification standards and enhanced performance properties brought about by more sophisticated polymerization and blending techniques.
