Virginia Group recently published a report called "Degradable Plastics," and pointed out that from now until 2014, the demand for plastics in the United States will increase at an annual rate of 11%, and eventually rose to 335 million US dollars.
Although the market share of degradable plastics in the total demand for thermoplastic resins in 2009 is less than 0.5%, the growth potential is very large. With the continuous enhancement of cost competitiveness and the increase of environmental benefits, biodegradable plastics will achieve greater development. The emergence of more sophisticated polymerization and mixing technologies has increased the performance of degradable plastics and further expanded its market. In addition, with the introduction of testing and certification standards for various degradable plastics, the pressure for companies to reduce packaging waste and build compost facilities has continued to rise.
From now until 2014, polylactic acid will maintain the fastest growth rate, which is mainly due to its competitive price structure and adequate supply. There are countless opportunities waiting for biodegradable plastics, especially in fiber applications. With the improvement of resin mixing technology, the increase of composting facilities and the popularity of environmental protection garbage bags, the prospects of starch-based biodegradable plastics are also very optimistic. In addition, the market demand for polyhydroxyalkanoates will also double over the next few years, mainly due to the increase in polyhydroxy fatty acid plastics and products. Films and blow-molded containers are a bright spot for growth in the future, and the growth rate of photodegradable plastics will slow down. This is mainly because the mature beverage container market is strongly impacted by shrink film and cardboard packaging.
In 2009, packaging accounted for three-quarters of all degradable plastics, and it is expected that it will continue to maintain good growth until 2014, especially for film and blow-molded containers. However, the fastest growing non-packaged products, especially in the field of textile fibers. Other degradable non-packaged items include compost bags, discarded food utensils, and agricultural greenhouse films.
Although the market share of degradable plastics in the total demand for thermoplastic resins in 2009 is less than 0.5%, the growth potential is very large. With the continuous enhancement of cost competitiveness and the increase of environmental benefits, biodegradable plastics will achieve greater development. The emergence of more sophisticated polymerization and mixing technologies has increased the performance of degradable plastics and further expanded its market. In addition, with the introduction of testing and certification standards for various degradable plastics, the pressure for companies to reduce packaging waste and build compost facilities has continued to rise.
From now until 2014, polylactic acid will maintain the fastest growth rate, which is mainly due to its competitive price structure and adequate supply. There are countless opportunities waiting for biodegradable plastics, especially in fiber applications. With the improvement of resin mixing technology, the increase of composting facilities and the popularity of environmental protection garbage bags, the prospects of starch-based biodegradable plastics are also very optimistic. In addition, the market demand for polyhydroxyalkanoates will also double over the next few years, mainly due to the increase in polyhydroxy fatty acid plastics and products. Films and blow-molded containers are a bright spot for growth in the future, and the growth rate of photodegradable plastics will slow down. This is mainly because the mature beverage container market is strongly impacted by shrink film and cardboard packaging.
In 2009, packaging accounted for three-quarters of all degradable plastics, and it is expected that it will continue to maintain good growth until 2014, especially for film and blow-molded containers. However, the fastest growing non-packaged products, especially in the field of textile fibers. Other degradable non-packaged items include compost bags, discarded food utensils, and agricultural greenhouse films.