Biodegradable superabsorbent materials market size worth over 60 Kilo tons in 2017, is expected to grow at a CAGR of around 6% over the period of 2018-2024. Rising environmental concerns along with the shifting focus towards renewable materials instead of conventional sources are likely to drive this industry growth. Favorable properties exhibited by these materials such as ease of use, hygiene, cost-effectiveness, and eco-friendliness will further boost its market share over the coming years.
The rising concerns relevant to the health and environment have generated a heavy demand for proper waste disposal and use of bio-degradable substances, in turn catalyzing the biodegradable superabsorbent material industry size. Moreover, increasing applications of these materials in diapers, adult incontinence products, feminine hygiene products, etc. will further fuel its demand over the forecast years.
The market is segmented in terms of products, applications, and regions.
Biodegradable Superabsorbent Materials Market, By Products
Biodegradable superabsorbent products include Polyvinyl Alcohol (PVA), Polyitaconic acid, Polysaccharides, and Polypeptide.
Polyvinyl alcohol (PVA) market is estimated to dominate the product landscape, having had a worth of around USD 95 million in 2017. PVA market has high scope in feminine hygiene as well as adult incontinence industry owing to its high solubility in water.
Polysaccharides market is estimated to witness the highest growth, registering a CAGR of around 9% from 2018-2024.
Biodegradable Superabsorbent Materials Market, By Applications
Application segment comprises Disposable diapers, Feminine hygiene, Adult Incontinence, Agriculture, and Medical applications.
Disposable diapers market dominated the application landscape in 2017 having been valued over USD 90 million, mainly driven by better living standards and hygiene concerns.
Biodegradable superabsorbent materials market size in agricultural sector is expected to grow at a CAGR of more than 7% over the period of 2018-2024. Water scarcity related issues have persuaded farmers to go with the biodegradable superabsorbent materials due to its high water retention properties.
Medical applications shall see a significant growth and is expected to surpass USD 5 million by 2024, driven by increasing adoption of cellulose hydrogel biodegradable polymers owing to its effective healing properties.
Biodegradable Superabsorbent Materials Market, By Regions
The regional landscape covers North America, Latin America, Asia Pacific, Europe, and MEA.
APAC market is expected to witness the highest industry growth, registering a CAGR of around 6.5% over 2018-2024. China’s agricultural application is forecast to grow at a CAGR of around 7% accounting for approximately 1.2 kilotons by 2024.
U.S. adult incontinence application is expected to grow at a CAGR of around 6% over the forecast timeframe.
Europe market led by Germany dominated the regional landscape by contributing a share of over USD 55 million in 2017.
Key industry participants are ADM, TryEco, Weyerhaeuser Company and Exotech Bio Solutions. Other players include Valagro, Akron Biotech, CryoLife, AMEREQ, Coloplast A/S, NanoChem Solutions and Collagen Solutions. The industry is forecast to witness collaborations with biotech firms for technology exchange and product portfolio expansion.
Segments Covered in this Report:
Biodegradable Superabsorbent Materials Market Regional Analysis