Biodegradable polymer market to reach 2.5 billion lb in five years time


A 22% compound annual growth rate (CAGR) over the next five years will push the global biodegradable polymer market from 932 million lb today to 2.5 billion lb in 2016. That finding in a new report on the market, which is expected to enjoy its highest growth over the next 5 years, with the expansion dominated by packaging and fibers.

Packaging accounted for 70% of the total volume of biodegradable polymers in 2010 but is actually expected to decrease slightly to about 66% by 2016. This sector will utilize 656 million lb in 2011 and is forecast to increase at a 20.5% CAGR to reach nearly 1.7 billion lb in 2016.

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