Biodegradable Plastic Demand To Reach 720 Million Pounds In 2012

摘要

Demand for biodegradable plastic in the US is projected to rise more than 15% annually to 720 million pounds in 2012, valued at US$845 million. Although representing less than one half of one percent of all thermoplastic resin demand in 2007, biodegradable plastic will have substantial growth opportunities.rnEscalating crude oil prices have made biodegradable plastics, which are sourced from renewable resources such as corn, more cost competitive with petroleum-based conventional resin. However, continued price declines are necessary for anticipated biodegradables growth, and among the threats to further declines in biodegradable prices are rapidly rising prices for corn. These and other trends are presented in Biodegradable Plastic, a new study from The Freedonia Group, a Cleveland-based industry research firm.