The Global Polybutyrate Market report gives a holistic view of the prevalent trends in the industry, market valuation, and the leading vendors to help the readers assess the products and services, hence realizing their revenue generation goals and cost-effectiveness of their investment. The recent trends observed in the packaging industry include sustainable material, environmentally-friendly packaging, smart packaging, vintage packaging designs, and minimalist packaging.
The study gives accurate industry insights into the future of the global Polybutyrate market will help the reader comprehend the dominant and future aspects of the industry, while also helping readers strategize their executive moves for your business. The sector revolving around fit-to-product (FTP) packaging promises to disrupt the market in the forecast years. RFID technology and smart packaging will be a necessity in the following years for streamlining the process right from packaging to delivery and making tracking packages simpler. Gamification is one of the key strategies adopted by leading companies to advertise and appeal to a wider audience, especially for tech-savvy consumers.
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.
Top companies profiled in the report 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.
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Increasing consumer inclination towards sustainability and thus considering products based on criteria such as circularity and carbon footprint is expected to change materials and chemical market trends during in the coming years. The growing consumer concern about carbon emissions has prompted industry players to make investment in renewable energy, de-carbonization of transportation, and energy efficiency. These trends are expected to have a significant impact end markets for chemicals, notably in construction and automotive.
Increasing focus of the materials and chemical companies on adoption of de-carbonization technologies, re-examination of their assets, and diversification away from hydrocarbons to some extent will favor global Polybutyrate market growth during the forecast period.
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Global Polybutyrate Market Segmentation:
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)
Regional Analysis covers:
Rest of EU
Rest of APAC
Rest of Latin America
Middle East & Africa
Rest of MEA
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