Press release
Global Bio-based PBS Market : Forecast, Industry News, Development Opportunities & Challenges
Global Bio-based PBS MarketBio-based PBS (Polybutylene Succinate) is defined as the biodegradable plastic which decomposes into water and carbon dioxide with the microorganism under the soil. It is an excellent biopolymer which shows high flexibility, great biodegradability, and heat resistance. PBS has high biomass utilization efficiency as compared to other bio-based building blocks.
The growing demand for bio-based PBS from end use industries such as food, chemical, medical , and automobile is expected to drive the global bio-based Polybutylene Succinate (PBS) market growth during this forecast period. Furthermore, stringent rules and regulations regarding the use of non-biodegradable plastic such as polybag will positively influence the market growth. Also, the rise in adoption of agricultural applications such as for mulch films is anticipated boost the growth of global bio-based PBS market during this forecast timeline. Moreover, the high biomass utilization efficiency of such polymers and the rise in demand for smart packaging across the world are also contributing the growth of bio-based PBS market.
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Market Restraints
Issues in commercialization of bio-based Polybutylene Succinate (PBS) is the major restraint which expected to hamper the global Bio-based PBS market growth. Also, slow growth of Bio-based PBS may act as a restraining factor over the forecast period.
Market Segmentation
The Global Bio-based PBS Market is segmented into type such as Biodegradable, and Non-Degradable. Further, market is segmented into application such as Food, Chemical, Medical, and Automobile.
Also, the Global Bio-based PBS Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
Various key players are discussed in this report such as DuPont, Succinity GmbH, CARGILL, Cereplast, Roquette, Avantium, Mitsubishi Chemical, Natureworks, etc.
Market Taxonomy
By Type
• Biodegradable
• Non-Degradable
By Application
• Food
• Chemical
• Medical
• Automobile
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa
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QualiKet Research is a leading Market Research and Competitive Intelligence partner helping leaders across the world to develop robust strategy and stay ahead for evolution by providing actionable insights about ever changing market scenario, competition and customers. QualiKet Research is dedicated to enhancing the ability of faster decision making by providing timely and scalable intelligence. We use different intelligence tools to come up with evidence that showcases the threats and opportunities which helps our clients outperform their competition.
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