The global biodegradable polymer market is estimated at £932 million in 2011, and is expected to increase at a 22% compound annual growth rate to reach 2.5 billion pounds in 2016, according to a new report on companiesandmarkets.com.

The global biodegradable polymer market is expected to experience faster growth than ever before during the next 5 years, dominated by packaging and usage in fibers.

The packaging segment accounted for 70% of total volume in 2010 and is expected to slightly decrease to about 66% by 2016. This sector is worth 656 million pounds in 2011 and should increase at a 20.5% compound annual growth rate (CAGR) to reach nearly 1.7 billion pounds in 2016.

The fibers / fabrics segment will show substantial growth over the forecast period, especially in the hygiene market segment. The use of biodegradable polymers in fibers and fabrics is valued at an estimated £134 million in 2011 and is expected to reach 435 million pounds in 2016, reflecting a 26.6% compound annual growth rate (CAGR).

New biodegradable polymers are being introduced, accompanied by a continuing withdrawal of other products. As well, key companies are entering and leaving this market, with more of the former rather than the latter.

The industry has been characterized by new technologies, tightening environmental restraints, and very unstable oil prices among other issues. This combination of factors necessitates a realistic appraisal of the impact of these polymers over the next 5 years. High oil prices are said to be a major driver for biodegradable polymers.

This report includes polymers that producers market as fully biodegradable. Most define a fully biodegradable polymer as a polymer that is completely converted by microorganisms to carbon dioxide, water, and humus. An examination of global consumption is provided along with considerable information regarding North American, Western European, and Asian products, technologies, markets, and companies.

Report Details: http://www.companiesandmarkets.com/Market-Report/biodegradable-polymers-market-research-report-623880.asp?prk=7c4ed5b510c1ffe12b50d9829eddaba2

Author: Lee Marriott, Analyst