Demand For Biodegradable Plastic On The Rise
A study by The Freedonia Group Inc. projects the U.S. demand for biodegradable plastic will rise more than 15 percent annually to 720 million pounds in 2012, valued at $845 million, according to TransWorld News.
The rising cost of crude oil is making biodegradable plastics, which are made from renewable resources such as corn, more cost competitive.
Starch-based plastics are becoming more popular thanks to technology advances which have improved the resin blends. These plastics are used in compostable yard and kitchen bags, and food service items such as plates, bowls and cutlery. Freedonia predicts an increase in demand of 16.8 percent per year to 293 million pounds in 2012.
Polyester-based biodegradables will also experience rapid annual growth, as will biodegradable packaging, according to the study.
Although biodegradables are on the rise, there are still a lot of conventional plastics hanging around. Use Earth911 to find a location to recycle your plastic bags and other plastic items.
