Comprehensive Report on Biodegradable Superabsorbent Materials Market by Knowledge Sourcing Intelligence
Rising Environmental Concerns – Key Reason for Biodegradable Superabsorbent Materials Market Growth
Global
Biodegradable Superabsorbent Materials Market is expected to witness moderate
growth over the period 2015 to 2021. Growing demand for proper waste disposal
owing to the increasing environmental concerns is one of the key drivers of the global biodegradable superabsorbent materials market. Lack of dumping area
coupled with stringent government and industry regulations is forcing
manufacturers to use eco-friendly products and techniques, thereby augmenting
the demand for these materials across the globe. Rising health concerns and
growing awareness towards personal hygiene among women will further propel the
growth of the global biodegradable superabsorbent materials market in the
forthcoming years.
The other major factor contributing to the growth of this the market is burgeoning global population which requires the agricultural sector to
increase yield and implementation of effective wastewater treatment which, in
turn is boosting the demand for biodegradable superabsorbent materials. The biodegradable superabsorbent materials market analysis shows that various technological innovations in the
development of products will also support the market. For example, in 2018
professor Yu Long, director of Sino-Singapore International Joint Research
Institute developed a starch-based plastic that is environment-friendly and is
made from renewable resources.
By
application, the market is segmented as feminine hygiene, agriculture,
disposable diapers, medical, and others. The disposable diapers dominate and
hold the largest biodegradable
superabsorbent materials market share owing to improving living standards
and rising hygiene concerns and health hazards among consumers. Companies are
heavily investing in the research and development of new products. For
example, Ecovia Renewables, Inc. in 2017 received a grant of $750000 from the
National Science Foundation for the development of BioGel biopolymer material
to be used in absorbent cores of diapers.
Sample
view of global biodegradable superabsorbent materials market share
Geographically, the
market is segmented into North America, South America, Europe, Middle East and
Africa, and The Asia Pacific. The Europe region dominates the regional market owing to high consumer awareness
regarding the use of eco-friendly products and biomass along with strict
environmental regulations and
government investment. The UK government announced in 2019 to invest £60 for the
development of a new type of packaging material which is eco-friendly. Asia
Pacific region is anticipated to witness the fastest regional market growth,
led by China and India, due to the high population growth rate, rising purchasing
power, and urbanization. This will lead to an increase in the biodegradable superabsorbent materials
market size. However, factors such as the high cost of the technology and
volatility in petroleum prices will hinder the market growth over the forecast
period.
The key industry players according to the
industry research conducted by Knowledge Sourcing Intelligence are TryEco, ADM,
Akron Biotech, Nippon Shokubai, and Weyerhaeuser among others.
Key questions answered in
the report:
·
What has been the performance of biodegradable superabsorbent
materials market and how it will perform in the future?
·
What are the key players in the target market study?
·
What are the various segments on which the market research is
conducted?
·
What are the driving factors that are leading to the growth of
the market?
·
What are the recent developments happening in the industry?
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