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Report: Biodegradable plastics demand growing 15 percent annually

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HOUSTON – Consumer pressure and legislation such as plastic bag bans and global warming initiatives will increase demand for biodegradable plastics, according to a new report. Demand in in North America, Europe and Asia will rise to nearly 525,000 metric tons in 2017, from 269,000 metric tons in 2012, representing an average annual growth rate of nearly 15 percent.

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