Thursday, September 04, 2008

Demand for biodegradable plastics forecast to grow nearly 16% pa through 2012 in USA

Demand for biodegradable plastic in the US is forecast to expand nearly 16% pa to 720 million pounds in 2012, valued at US$845 million, as per a report by Freedonia. Average prices will continue to deecline as a result of higher capacity and greater production efficiencies, as well as price mixes reflecting fastest growth for the lower priced resins.

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