Customer Logins

Obtain the data you need to make the most informed decisions by accessing our extensive portfolio of information, analytics, and expertise. Sign in to the product or service center of your choice.

Customer Logins

Biodegradable Polymers Market Value

22 August 2018 Marifaith Hackett, Ph.D.

Led by Western Europe, increasing regulations and bans against plastic bags and other single-use plastic items such as drinking straws is driving growing demand for biodegradable plastics. The current market value of biodegradable plastics exceeds $1.1 billion in 2018, but could reach $1.7 billion by 2023.

Biodegradable or compostable polymers are bio-based or fossil-fuel-based polymers (plastics) that undergo microbial decomposition to carbon dioxide and water in industrial or municipal compost facilities. A few of these polymers decompose in backyard compost bins or in soil, freshwater or saltwater.

The food packaging, disposable tableware (cups, plates, and cutlery) and bags sector is the largest end-use segment, as well as the major growth driver for biodegradable polymer consumption. This segment will benefit from local restrictions on plastic shopping bags and will achieve double-digit growth.

Download Infographic

Posted 22 August 2018 by (Marifaith Hackett, Ph.D., Director, Specialty Chemicals, IHS Markit)

Explore

Follow Us

Filter Sort