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Find the factors driving the Biodegradable Superabsorbent Materials Market demand? Key Players Archer Daniels Midland, Akron Biotech, Coloplast, CryoLife, Collagen Solutions plc, Valagro, AMEREQ
Biodegradable Superabsorbent Materials Market
Polysaccharides are forecast to achieve highest gains at more than 9% CAGR up to 2023. Abundant starch availability as feedstock coupled with its bio-based properties are considered to make them the most preferable polymers.
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Technology innovation along with rising non-toxic material usage in manufacturing industries owing to environmental regulations should positively persuade biodegradable superabsorbent materials market growth. Rising geriatric population accompanied by increasing bladder related problems among adult has increased the adult incontinence product consumption. It is also used during pregnancy and childbirth.
Improvement in farming techniques to increase crop yield coupled with urge to adopt effective water utilization in arid areas is another lucrative factor stimulating industry growth. This factor may drive biodegradable superabsorbent polymers market for agricultural applications.
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Global biodegradable superabsorbent materials market size may reach 89.6 kilo tons by 2023, growing at 6.4% CAGR. Rise in environment consciousness along with increasing health risks pertaining to non-degradable toxic chemicals wastage are key factors fueling industry growth.
Agriculture application may witness growth of more than 7% CAGR up to 2023. Rising water scarcity for crop cultivation have motivated industry to adopt biodegradable superabsorbents in farming owing to its water retention properties.
Increasing investment by companies such as Cargill, Novozymes, Metabolix and Myriant to develop bio based acrylic acid may hinder industry growth and affect biodegradable superabsorbent polymer market price trend.
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Germany polysaccharides based biodegradable superabsorbent materials market size may surpass 1.75 kilo tons by 2023. APAC, with introduction of new farming techniques in China and India, is forecast to achieve highest gains at over 6.5% CAGR up to 2023.
Medical applications may grow significantly and exceed USD 5 million valuation by 2023. Increase in medical problems related to bones and joints are encouraging to adopt cellulose hydrogel biodegradable superabsorbent polymers, owing to its healing properties. It is also used in various medical treatments to absorb extra water in human body.
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