Polybutylene Succinate Market Segmentation:
Product Type Segment Analysis
The bio-based PBS segment is predicted to gain the largest market share of 51.3% during the projected period by 2034, due to the increasing R&D investments to replace petroleum-based resins. As reported under the USDA BioPreferred Program, as federal government procurement policies provide preference to bio-based content, the federal government's preference criteria improve the polybutylene succinate market opportunity for bio-based PBS grades in both industrial and consumer applications.
Application Segment Analysis
The packaging films segment is anticipated to constitute the most significant growth by 2034, with 34.3% market share, mainly due to the introduction of regulations on single-use plastics and advances in biodegradable materials for flexible packaging. The EPA (Environmental Protection Agency) mentions that its National Recycling Strategy, along with other efforts, promotes lower plastic waste and drives biopolymer films similar to PBS. Moreover, according to European Bioplastics.org, PBS films maintain heat resistance and processability suitable for industrial composting. As such, the packaging potential of biopolymer films will likely continue to expand.
End use Segment Analysis
The food & beverage packaging segment is anticipated to constitute the most significant growth by 2034, with 27.3% market share, mainly due to support for food contact safety with FDA (Food and Drug Administration) approvals uphold competitiveness in this regard. Moreover, PBS film demonstrates excellent barrier features and composability aligned with circular economy targets, especially looking ahead to mandatory elements in the EU Green Deal's Plastic Strategy, which seeks recycled or bio-based packaging materials by 2030.
Our in-depth analysis of the global polybutylene succinate market includes the following segments:
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