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The global market volume of biodegradable polymers should grow from $1.0 kilotons in 2021 to $1.9 kilotons by 2026, at a compound annual growth rate (CAGR) of 14.0% for the period of 2021-2026.
Report Scope:
Although the term biodegradable polymers is well-known, the controversy within the industry as to which materials should be considered biodegradable continues. These resins currently include polyolefin-based compositions containing starch and polymers containing aromatic groups that microorganisms have difficulty utilizing in their metabolism.
There are additives said to convert petroleum-based resins to biodegradable versions. These resultant resins are said to be oxo-biodegradable.