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Pharmacy benefit management market
BIODEGRADABLE SUPERABSORBENT MATERIALS MARKET REPORT OVERVIEW
The global biodegradable superabsorbent materials market size was USD 115610 million in 2020 and will touch USD 145370 million by 2027, at CAGR of 4.1% during the forecast period.
Biodegradable superabsorbent polymers are materials that can absorb and retain large amounts of water or aqueous solutions. Unlike traditional SAPs, which are derived from non-renewable natural resources and persist in the environment for many years, biodegradable SAPs are designed to break down into natural components, reducing their environmental impact. Superabsorbent polymers are exceptionally high molecular weight cross-linked polyelectrolytes that can absorb ten times their weight in liquid. Superabsorbents are cross-linked water-insoluble polymers that absorb large amounts of aqueous fluids, especially physiological fluids such as urine or blood. Therefore, high absorbency materials are used in items that require high absorbency, such as baby diapers, adult incontinence products and feminine hygiene products.
The main factors behind the increase in market revenue are the increase in demand for hygiene products, the increase in awareness of water conservation and the expansion of agriculture and horticulture. Demand for feminine hygiene products, adult incontinence products and baby diapers is driving the market expansion. Consumers growing awareness of the need for personal hygiene is helping the industry expand.
COVID-19 Impact: Market Growth Restrained by Pandemic due to Supply Chain Disruptions
The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.
The pandemic has caused disruptions in supply chains, manufacturing operations and retail sales, resulting in reduced consumer spending and demand for non-essential items such as wardrobes. Lockdowns and social distancing have also limited shopping opportunities, further affecting sales and distribution channels. As a result, market demand and turnover decreased during the pandemic. While markets may eventually recover as the situation improves, the immediate impact of COVID-19 on global markets has been largely negative.
LATEST TRENDS
"Smart Features in Cloth Wardrobes to Drive Market Growth"
the development of plant-based materials to reduce environmental impact, the growing demand for bio-based products from the hygiene industry and the growing focus on sustainable agricultural practices. Advances in technology also improve the performance and efficiency of products, which contributes to the growth of the market. In addition, stricter regulations on single-use plastics are forcing companies to find alternative solutions, creating opportunities for biodegradable superabsorbent polymers. Overall, the market is expected to grow as consumers and industry worldwide move towards greener and more sustainable alternatives.
BIODEGRADABLE SUPERABSORBENT MATERIALS MARKET SEGMENTATION
- By Type
Based on type the global market can be categorized into Polyvinyl Alcohol, Polyitaconic Acid, Polyacrylamide, Polysaccharides.
Polyvinyl alcohol is a synthetic polymer used in, for example, agriculture, medicine and personal care products. Polysaccharides are natural polymers derived from plants and microorganisms that have advantages such as high-water absorption and biocompatibility. Polyicaconic acid is a water-soluble polymer with excellent absorption and biodegradability, and is widely used in, for example, agricultural and hygiene products. Polyacrylamide is a synthetic polymer known for its high-water absorption and retention properties and widely used in agriculture and wastewater treatment.
- By Application
Based on application the global market can be categorized into Disposable Diapers, Adult Incontinence Products, Female Hygiene, Agriculture, Medical, Others.
In disposable diapers, these polymers absorb and retain moisture, keeping babies comfortable and dry. In adult incontinence products, they offer effective absorption and odor control. These polymers also increase absorption and prevent leakage in feminine hygiene products. Biodegradable superabsorbent polymers are used in agriculture to conserve water in soil and improve crop yields. Other uses include medical dressings, wound care products, and packaging materials.
DRIVING FACTORS
"Growing Use Of Superabsorbent Polymers In The Healthcare Industry to Propel Market Growth"
The healthcare industry is a major driver of the biodegradable superabsorbent materials market. Superabsorbent polymer-based products are widely used in medical and healthcare applications, including wound dressings, surgical pads and disposable medical supplies. Rising healthcare costs, advances in healthcare and a growing aging population are driving the demand for SAP in the healthcare industry. The highly absorbent polymer is used in agriculture and horticulture for water conservation and irrigation. This helps improve soil moisture levels, reduce watering frequency and increase yield. Due to the need to improve agricultural productivity, conserve water resources and address the problem of water scarcity, the demand for SAP in agriculture and horticulture is expected to increase. Due to increasing incidence of various infectious diseases, growing awareness about hygiene across the globe is expected to boost the biodegradable superabsorbent materials market growth. Growing demand for diapers, knitwear and sanitary napkins among health-conscious consumers is expected to drive the growth of the superabsorbent polymers market. Super-adhesive polymers are mainly used in the hygiene products mentioned above.
"Growing Demand for Biodegradable Superabsorbent Polymers to Augment Market Growth"
Growing demand for Biodegradable Superabsorbent Polymers (SAP) is creating a significant growth opportunity for the market. As environmental awareness grows, people are more and more inclined towards sustainable and environmentally friendly solutions. Biodegradable SAPs are becoming a more environmentally conscious choice, responding to concerns about the sustainability impact of traditional polymers. These SAPs naturally degrade and significantly reduce long-term pollution and ecological damage. Bio-based superabsorbent polymers (SAPs) are SAPs derived from renewable or bio-based sources. They are gaining popularity over synthetic superabsorbent polymers. Synthetic SAPs typically lack biocompatibility, biodegradability, or recyclability. The introduction of bio-based SAPs offers a possible solution to mitigate the environmental impacts associated with SAPs, which are commonly used as adsorbents for sanitary, agricultural, construction, and pharmaceutical waste.
RESTRAINING FACTORS
"High Manufacturing Costs to Hinder The Market Growth"
In the development stage of the technology, the production costs of biodegradable polymers are currently high. Biodegradable polymersare more expensive than fossil fuel polymers such as polyethylene terephthalate (PET), polystyrene and polyethylene. In addition to high polymers, the lack of composting infrastructure is likely to be another factor that may influence the adoption of biodegradable polymers.
BIODEGRADABLE SUPERABSORBENT MATERIALS MARKET REGIONAL INSIGHTS
"Asia Pacific to Dominate the Market due to Presence of a Large Consumer Base"
The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.
Asia Pacific is the fastest growing region due to growing healthcare sector and increasing demand for diapers due to population growth. The demand for diapers is expected to grow from Oceania, Central and South Asia, and other regions, as the population of the aforementioned regions is expected to grow significantly over the next 10 years. This therefore increases the adoption of high absorbency polymers in the manufacture of baby diapers. This factor is expected to drive the growth of the superabsorbent polymers market during the forecast period. Asia Pacific will dominate the biodegradable superabsorbent materials market share during the forecast period. This predominance can be explained by significant investments in the research and development of biodegradable superabsorbent polymers. Rising spending by high-profile personal care companies such as Kimberly-Clark and P&G is likely to stimulate demand during the forecast period. Manufacturers have produced more cost-effective and differentiated product offerings in response to growing consumer demand.
KEY INDUSTRY PLAYERS
"Key Industry Players Shaping the Market through Innovation and Market Expansion"
The biodegradable superabsorbent materials market is significantly influenced by key industry players that play a pivotal role in driving market dynamics and shaping consumer preferences. These key players possess extensive retail networks and online platforms, providing consumers with easy access to a wide variety of wardrobe options. Their strong global presence and brand recognition have contributed to increased consumer trust and loyalty, driving product adoption. Moreover, these industry giants continually invest in research and development, introducing innovative designs, materials, and smart features in cloth wardrobes, catering to evolving consumer needs and preferences. The collective efforts of these major players significantly impact the competitive landscape and future trajectory of the market.
List of Market Players Profiled
- BASF SE (Germany)
- Itaconix Corporation (U.S.)
- Exotech Bio Solutions Ltd. (U.S.)
- Archer Daniels Midland Company (U.S.)
- Amereq, Inc. (U.S.)
- JRM Chemical Inc. (U.S.)
- Nuoer Chemical Australia Pty Ltd. (China)
INDUSTRIAL DEVELOPMENT
November 2019: Nippon Shokubai and Sanyo Chemical Industries merged to form a new company called Synfomix. Synfomix has two sections. Materials and solution. Materials focus on the superabsorbent polymers (SAP) value chain, including ethylene oxide (EO) and acrylic acid (AA).
REPORT COVERAGE
The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.
The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 115610 Million in 2020 |
Market Size Value By |
US$ 145370 Million by 2027 |
Growth Rate |
CAGR of 4.1% from 2020 to 2027 |
Forecast Period |
2022-2027 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Types & Application |
Frequently Asked Questions
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What value is the biodegradable superabsorbent materials market expected to touch by 2027?
The global biodegradable superabsorbent materials market is expected to reach USD 145370 million by 2027.
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What CAGR is the biodegradable superabsorbent materials market expected to exhibit by 2027?
The biodegradable superabsorbent materials market is expected to exhibit a CAGR of 4.1% by 2027.
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Which are the driving factors of the biodegradable superabsorbent materials market?
Growing use of superabsorbent polymers in the healthcare industry and growing demand for biodegradable superabsorbent polymers are some of the driving factors of the biodegradable superabsorbent materials market.
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What are the biodegradable superabsorbent materials market segments?
The biodegradable superabsorbent materials market segmentation that you should be aware of, which include, Based on type the biodegradable superabsorbent materials market is classified as Polyvinyl Alcohol, Polyitaconic Acid, Polyacrylamide, Polysaccharides. Based on application the biodegradable superabsorbent materials market is classified as Disposable Diapers, Adult Incontinence Products, Female Hygiene, Agriculture, Medical, Others.