The latest industry analysis report published by Reports and Data provides vital data and information relating to the global Polybutyrate industry and precisely evaluates the forecast market size and revenue growth rate. The study specializes in in-depth analysis of the key market dynamics including drivers, restraints, opportunities, supply & demand ratios, upcoming market trends, technological innovations, and value chain analysis. The global polybutyrate market is expected to reach USD 1,146.4 Million by 2028, according to a new report by Reports and Data. Polybutyrate is a biodegradable co-polyester of 1, 4-butanediol, adipic acid, and dimethyl terephthalate, and is available commercially as resin and as a compound with PLA (polylactic acid) or starch.
Increasing demand for biodegradable plastics in packaging is estimated to stimulate market demand in the upcoming years. This is due to the increasing use of biodegradable plastics, such as polybutyrate in the manufacturing of single-use packaging materials, including shopping bags, and disposable cutlery, among others.
Stringent government regulations about the use of non-biodegradable plastics is anticipated to boost the market demand in the forecast period. The accumulation of non-biodegradable substances in landfills alter the porosity of land and lead to depletion of underground water. Besides, certain non-biodegradable materials are toxic, which may cause harm to humans when they consume food grown on such lands.
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Moreover, an increase in the level of disposable income of people, especially in developing countries, such as China and India is likely to propel the growth of the market in the upcoming years. This would lead to an increase in the purchasing power parity of consumers, which, in turn, would create demand for sustainable and biodegradable packaging.
Key participants include:
BASF SE, Lotte Fine Chemicals Co. Ltd., Nova SPA, Eastman Chemical Company, Far Eastern New Century Corporation, Biome Bioplastics, WILLEAP, Jiangsu Torise biomaterials Co. Ltd., Toray Industries, and Danimer Scientific, among others.
Further key findings from the report suggest
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For the purpose of this report, Reports and Data have segmented the global Polybutyrate market on the basis of raw materials, application, industry vertical, and region:
Raw Materials Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)
Application Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)
Industry Vertical Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)
Regional Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)
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