LONDON--(BUSINESS WIRE)--Technavio analysts forecast the global natural polymers market to grow at a CAGR of over 5% during the forecast period, according to their latest market research report.
The continuous development of new products is one of the major trends being witnessed in the global natural polymers market 2018-2022. Players in the market are investing heavily in R&D to develop new products. Product development by some of the vendors will also encourage other vendors to come up with innovative products to remain competitive in the market.
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
According to Technavio analysts, one of the key factors contributing to the growth of the global natural polymers market is the increase in the use of natural polymers over synthetic polymers:
Global natural polymers market: Increase in the use of natural polymers over synthetic polymers
Natural polymers are preferred over synthetic polymers due to their adverse effects on the atmosphere and on human beings. They are polysaccharides that are derived from plant and animal sources and biocompatible and do not have any side effects. Natural polymers are produced through biological processes, whereas synthetic polymers are produced using chemicals processes. The adoption of natural polymers in end-user industries such as pharmacy and food and beverage is high in comparison to synthetic polymers.
According to a senior analyst at Technavio for research on plastics, polymers, and elastomers, “Natural polymers are non-toxic as they are carbohydrates in nature and composed of repeating monosaccharide units. Moreover, the production cost of natural polymers is low as the raw materials are available at low prices. As natural polymers have applications in many industries, they are produced in large quantities. Hence, natural polymers are more widely available than synthetic polymers. These factors are likely to drive the market.”
Global natural polymers market: Segmentation analysis
The global natural polymers market research report provides market segmentation by product (cellulose ethers, natural gums, starch and fermentation polymers, and protein-based polymers) and by region (the Americas, EMEA, and APAC). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
The cellulose ethers segment held the largest market share in 2017, accounting for nearly 37% of the market. This product segment is expected to dominate the global market throughout the forecast period.
The Americas led the market in 2017 with a market share of nearly 45%. This region is expected to dominate the market through 2022, however, there will be a decrease in its market share by nearly 2%.
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market Landscape
- Market ecosystem
- Market characteristics
- Market segmentation analysis
Market Sizing
- Market definition
- Market size and forecast
Five Forces Analysis
Market Segmentation
Geographical Segmentation
- Regional comparison
- Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at media@technavio.com.
