Polyhydroxy Butyrate Segmentation
Application (Packaging, Mulch Films, Medical Devices)
The packaging segment in the polyhydroxy butyrate market is predicted to hold largest share of about 45% during the forecast period. The growth of the market is due to the negative impacts of non-biodegradable packaging and the growing customer desire for biodegradable packaging. Because traditional plastics can take up to 1,000 years to degrade, biodegradable polymers are a sought-after environmentally benign substitute. Every year, 141 million tonnes of plastic packaging are produced worldwide. Approximately one-third of all plastic packaging sold worldwide leaks from collecting systems, contaminating the surrounding area. Moreover, every year, the usage, production, and disposal of plastics add around 1.8 billion tonnes of carbon emissions.
End-User (Automotive, Pharmaceutical, Agricultural, Food & Beverage)
The pharmaceutical segment is anticipated to account for 42% share of the global polyhydroxy butyrate market by the end of 2037. The growth of the segment is due to the demand for polyhydroxy butyrate-based medical products. In the recent past, there has been a considerable rise in the development of microcapsules based on biodegradable polymer which makes polyhydroxy butyrate important for medical application. Polyhydroxy butyrate-based materials are mostly recommended for use in biomedical devices. With over 7000 generic device categories, there are an estimated 2 million distinct types of medical devices available on the global market today.
Our in-depth analysis of the global polyhydroxy butyrate market includes the following segments:
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