US degradable plastics demand to grow 16.6 percent annually
U.S. demand for degradable plastics is forecast to rise 16.6 percent per year to 325 million pounds in 2014, valued at $380 million, according to a new market study from Freedonia Group Inc.
Polylactic acid (PLA) and starch-based plastics currently dominate the market, and both products will see strong growth, according to the report. PLA demand will grow more than 20 percent per year through 2014, thanks to increased availability, greater processor familiarity and performance enhancements that will expand potential applications. Freedonia expects strong growth in demand for polyhydroxyalkanoate (PHA), thanks in part to development of grades capable of replacing polyolefins in injection molded applications, as well as in foodservice disposables, nonwovens, containers and bottles.