The US PBS market is estimated to grow at a CAGR of over 9.7% during the forecast period. The US is one of the major markets for PBS. Higher per capita economy, high usage of consumer electronics, automotive, plastic and packaging are the major factors for a significant market share in the region. Due to its desirable mechanical properties and biodegradable nature, the application area of PBS is expanding at a significant rate in the US. Therefore, the polymer is being considered as a renewable and economical substitute for conventional plastic parts with its remarkable chemical and mechanical properties. With the growth in major end-use industries which includes automotive, agriculture, and food packaging sector in the US, the market value for the PBS market is increasing in the country.

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Moreover, the US is one of the key exporters of agricultural products to China, India and South Korea. This is expected to increase the demand for advanced packaging options, thereby increasing opportunities for driving the market during the forecast period. Polymers are being used in various industries including automotive, food packaging, and agriculture industry of the US. Food packaging companies are shifting towards biopolymers for packaging material due to growing environmental concerns and stringent government regulations. In addition, the food packaging industry is growing at a substantial rate in the US due to the growing import and export of packaged food to other countries which include China, South Korea, India, and other Asian nations.

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US PBS Market Segmentation

By Process

Trans-Esterification

Direct Esterification

By Application

Packaging/Disposables

Agriculture

Textile

Automotive

Others

Company Profiles

GC Innovation America Corp

Koninklijke DSM N.V

Mitsubishi Chemical Corp.

Showa Denko Kk

SK Chemicals Co., Ltd

The Dow Chemical Co.

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