Bharat Book has just released a report that forecasts that the demand for biodegradable plastics in the U.S. will grow by nearly 20 percent.

In 2007, more than 70 percent of all biodegradable plastic went to creating packaging -- a trend that is expected to continue.

The applications of biodegradable plastics are expanding, due to the development of sophisticated polymerization and blending methods. And according to Bharat Book's forecast, the expansion is only beginning: The demand for biodegradable plastics is expected to reach 720 million pounds annually in 2012 — and that's just in the U.S. That market will be worth an estimated $845 million.

The report forecasts continued industry growth, with higher capacity and greater production efficiency expected to meet demand. There is also an expectation that the average prices for biodegradable plastics will drop. Of the various types of plastic, Bharat Book has pinpointed polyester-based biodegradable plastics as the fastest growing, due to lower prices for better resin blends.

Bharat Book is a research agency known for its published reports and databases. The full report on biodegradable plastics demand, titled "Biodegradable Plastics forecasts for 2012 & 2017" is available for purchase through the company's website.

Photo — Maynard