Adhesives & Sealants Headlines / Green Products/Applications

Global Biodegradable Polymer Market Estimated at $1,518 Billion

July 1, 2011
/ Print / Reprints /
ShareMore
/ Text Size+

The global biodegradable polymer market is estimated at £932 million (~ $1,518 billion) in 2011 and is expected to increase at a 22% compound annual growth rate (CAGR) to reach £2.5 billion (~ $4 billion) in 2016, according to a new report from companiesandmarkets.com. The global biodegradable polymer market is expected to have its largest growth over the next five years, dominated by packaging and usage in fibers.

The packaging segment accounted for 70% of total volume in 2010 and is expected to slightly decrease to about 66% by 2016. This sector is worth £656 million (~ $1 billion) in 2011 and should increase at a 20.5% CAGR to reach nearly £1.7 billion (~ $2.7 billion) in 2016.

The fibers/fabrics segment will show substantial growth over the forecast period, especially in the hygiene market segment. The use of biodegradable polymers in fibers and fabrics is valued at an estimated £134 million (~ $218 million) in 2011 and is expected to reach £435 million (~ $708 million) in 2016, reflecting a 26.6% CAGR.

New biodegradable polymers are being introduced, accompanied by a continuing withdrawal of other products. In addition, key companies are entering and leaving this market, with more of the former rather than the latter. The industry has been characterized by new technologies, tightening environmental restraints, and very unstable oil prices, among other issues. This combination of factors necessitates a realistic appraisal of the impact of these polymers over the next five years. High oil prices are said to be a major driver for biodegradable polymers.

For more information, visit www.companiesandmarkets.com.

Did you enjoy this article? Click here to subscribe to Adhesives & Sealants Industry Magazine.

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

ASI April 2014 Photo Gallery

Our April 2014 issue is now available!

Podcasts

ExxonMobil Tackifier Expansion

Dwight Tozer, vice president of ExxonMobil’s Adhesion Industry business, discusses the company’s latest tackifier expansion project with Editor-in-Chief Susan Sutton.

More Podcasts

Adhesives & Sealants Industry Magazine

ASI Sept 2014 cover

2014 September

Our September issue features articles focusing on high-tech applications and raw materials, as well as a preview of the ASC Fall Convention and Expo. Check it out today!

Table Of Contents Subscribe

THE ADHESIVES STORE

handbook-sealant-tech.gif
Handbook of Sealant Technology

The Handbook of Sealant Technology provides an in-depth examination of sealants, reviewing their historical developments and fundamentals, adhesion theories and properties, and today’s wide range of applications.

More Products

ASI 2014 Buyers GuideASI's Buyers' Guide

Annual purchasing resource for equipment used in the manufacture/formulation of adhesives, sealants, pressure sensitives, tapes and labels and for application of finished adhesives. 

Clear Seas Research

With access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

STAY CONNECTED

facebook_40px twitter_40  youtube_40pxlinkedin_40 google+ icon ASI 30px