The global biodegradable polymers market is expected to witness significant growth during the forecast period (2016-2022). The growth in the global market is being driven by increasing awareness about environment and unstable crude oil prices. The environmental pollution caused by the use of petroleum-based polymers, which are non-biodegradable in nature, has resulted in growing demand for biodegradable polymers.
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The global biodegradable polymers market has been categorized on the basis of product type and application. On the basis of product type, the global market has been segmented into polybutylene adipate terephthalate, polybutylene succinate, polybutylene succinate adipate, polycaprolactone, polyglycolic acid, polyhydroxyalkanoates, polylactic acid and starch-based polymers.
Biodegradable polymers are bio-based or synthetic polymers, which decompose to carbon dioxide and water under the action of microorganisms in industrial or municipal compost facilities. These polymers break down after their intended purpose to result in natural byproducts such as gases (CO2, N2), water, biomass, and inorganic salts.
Geographically, the global biodegradable polymers market has been categorized into North America, Europe, Asia-Pacific and Rest of the World. Asia-Pacific is expected to witness significant growth in the global biodegradable polymers market, during the forecast period.
The North American market for biodegradable polymers is expected to grow considerably, during the forecast period, due to increasing awareness about bio-degradable polymers and volatility of crude oil prices.
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Some of the key players in the global biodegradable polymers market are Cereplast, BASF SE, Mitsui Chemicals Inc, BIOTEC GmbH& Co., Metabolix Inc., FP International and Lactel Absorbable Polymers.
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