Saudi Arabia Biodegradable Polymers Market Analysis
Various government initiatives including the Saudi Arabian Standards Organization (SASO) technical regulation for degradable plastic products which requires that all the products mentioned in the regulation bear the OXO-biodegradable logo prior to export to Saudi Arabia. Saudi Arabia government has banned non-biodegradable packaging. This will generate a robust demand for Biodegradable Polymers in the country as they have major application in the packaging sector and are environment friendly with lesser carbon footprint. Demand growth from other sectors include the growing textile, consumer goods and pharmaceutical sectors. Upcoming new technologies like Biodegradable Polymer Composites and Bio based Hybrid Nano composites having application in artificial joints, drug delivery systems etc. are expected to support further demand rise during the forecast period. Gradual replacement of non-biodegradable packaging with Biodegradable Packaging will increase the demand in...