Bioplastics stretching out

The global market for biodegradable polymers is expected to reach 1.2bn pounds by 2012 from the 541m pounds estimated this year, according to BCC Research.

Growth in the North American market is slower compared to Europe and Asia but is reportedly beginning to show its potential. The global market's average annual growth rate is estimated at 17.3% Compost bags has the largest share estimated at 242m pounds this year.