NEW YORK, Oct. 9, 2023 /PRNewswire/ -- The marine biopolymer market is expected to grow by USD 1.41 billion from 2022 to 2027. In addition, the growth momentum of the market will progress at a CAGR of 9.07% during the forecast period, according to Technavio. Emerging applications from end-user industries are notably driving the marine biopolymer market. However, factors such as the inconsistent quality of commercially produced marine biopolymers may impede the market growth.
The market is segmented by end-user (water treatment, food and beverage, cosmetics, pharmaceutical and biomedical, and others), source (shrimps, prawns, crabs, and others), and geography (APAC, North America, Europe, South America, and Middle East and Africa). We provide a detailed analysis of 20 companies operating in the marine biopolymer market, including Arkema Group, BASF SE, Bio on SpA, Biome Bioplastics Ltd., Cargill Inc., Corbion NV, Danimer Scientific Inc., Givaudan SA, Ingredion Inc., J M Huber Corp., Koninklijke DSM NV, Marinova Pty Ltd., Mitsubishi Chemical Corp., Novamont S.p.A., Oceanium Ltd., Rodenburg Biopolymers B.V., Seagarden AS, Seaweed Solutions AS, Tate and Lyle PLC, and Acadian Seaplants Ltd. This report provides a full list of key companies, their strategies, and the latest developments. Buy Now for detailed company information.
Marine Biopolymer Market 2023-2027: Company Analysis
Acadian Seaplants Ltd. - The company offers marine biopolymers for use in the nutraceutical and medical markets.
The report offers an up-to-date analysis of the market, and to know the exact growth variance and the Y-O-Y growth rate, Request a Sample Report.
Marine Biopolymer Market 2023-2027: Segmentation
End-user
- The water treatment segment is estimated to witness significant growth during the forecast period. The use of organic dyes and oils, as well as biopolymers and their derivatives, should be used to remove metal ions from industrial wastewater. These materials have the potential to replace petroleum-derived materials in wastewater treatment. Furthermore, with growing concerns about the release of toxic chemicals and toxic metal pollution due to rapid industrialization and modernization, there is a need for biopolymers, e.g. Marine science, increasingly for wastewater treatment. Marine biopolymers also remove high concentrations of zinc and copper from wastewater. Hence, these factors are expected to drive segment growth during the forecast period.
- Other segments include source (shrimps, prawns, crabs, and others)
Geography
- APAC is estimated to contribute 36% to the growth of the global market during the forecast period. Growing demand for food and beverages, pharmaceuticals, biomedical, and cosmetics is driving market growth in the region. Asia Pacific is the largest producer of biopolymers and marine derivatives thanks to abundant raw materials such as shrimp and crab in China, Vietnam, Japan, and Thailand. Furthermore, the high adoption rate of marine biopolymers, especially in the wastewater treatment and cosmetics industries, is the main reason for the growing demand for marine biopolymers in the APAC region. Hence, these factors are expected to drive market growth in the region during the forecast period.
Learn about the contribution of each segment summarized in concise infographics and thorough descriptions. View Free PDF Sample Report
Marine Biopolymer Market 2023-2027: Key Highlights
- Historic Market Size 2017-2021
- CAGR of the market during 2023-2027
- Detailed information on factors that will assist marine biopolymer market growth during the next five years
- Estimation of the marine biopolymer market size and its contribution to the parent market
- Forecasts on upcoming trends and changes in consumer behavior
- The growth of the marine biopolymer market
- Analysis of the competitive landscape and detailed information on companies
- Comprehensive details of factors that will impede the growth of marine biopolymer market companies
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ToC:
Executive Summary
Market Landscape
Market Sizing
Historic Market Sizes
Five Forces Analysis
Market Segmentation by End-User
Market Segmentation by Source
Market Segmentation by Geography
Customer Landscape
Geographic Landscape
Drivers, Challenges, & Trends
Company Landscape
Company Analysis
Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio
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