A new report – The Global Outlook for Biodegradable Packaging – says rising oil prices and fossil fuel depletion will increase interest in the use of plant-based polymers. These drivers are expected push global demand for biodegradable or plant-based plastic, causing it to quadruple by 2013.
Researchers did note that bioplastics currently accounts for less than 10 percent of global plastics use, and the sector faces increasing regulation and more competition as large corporations move in on the industry. The study noted that sector growth is around 17 to 20 percent a year since 2006, though.
The report also provides an overview of the biodegradable packaging market in Europe, the U.S. and Asia-Pacific, provides in-depth analysis of the leading players and cutting-edge technology pushing the market forward, provides a comprehensive overview of the regulatory and legislative framework in Europe, the U.S. and Asia-Pacific, outlines the key cost factors inhibiting development of biodegradable packaging, and explores the future of the biodegradable packaging market, and what types of product are best placed to benefit from expansion.
More information about the report can be found at the ReportLinker website
Source: Packaging Digest, 2011-07-12.