UK Polybutylene Succinate (PBS) Market Size, Growth Analysis Report, Forecast to 2027


Posted September 2, 2021 by TanveerAhmed005

The UK PBS market is estimated to grow at a CAGR of over 9% during the forecast period.

 
The UK PBS market is estimated to grow at a CAGR of over 9% during the forecast period. UK is the 3rd largest developed economy in Europe after Germany & France and contributes significantly to the growth of the PBS market. The country has an established plastic industry which is a key contributor to the growth of the market. As per the British Plastic Federation, the total plastic consumption of the country was 3.3 million tons in 2015. Packaging has the highest consumption of plastic in the country with about 44.3% share in the overall consumption by the end of 2015. As the plastic industry is augmenting across the country, the emphasis on the use of bio-based plastics and polymers has increased significantly in the past years. Owing to this, the demand for PBS is expected to increase for use in applications including disposable tableware and sheet materials among various others. This is expected to create opportunities for the growth of the market over the forecast period.
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Moreover, PBS also finds potential applications in food packaging. Owing to this, it is expected to have a significant demand from the food processing industry across the country. According to the national statistics 2017, there are nearly 6,700 micros, small and medium-sized enterprises (SMEs) in UK that engage in food product manufacturing. It is expected to promote the demand for improved packaging techniques, thereby promoting the growth of the market.
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The UK PBS market is segmented on the basis of process and application. Based on the process, the market is segmented into trans-esterification and direct esterification. The direct esterification process had a significant share in the market in 2018. Direct esterification process is the most common process for preparing PBS and has several advantages such as the process that can be performed under atmospheric pressure and has a short reaction time. Whereas, the trans-esterification process is projected to grow at a considerable rate during the forecast period.

Further, PBS has been used in various industries such as packaging/disposables, agriculture, textile, automotive and others. The packaging industry has been significantly adopting biodegradable polymers. Some of the major players covered in the UK PBS market include Koninklijke DSM N.V., Succinity GmbH, Showa Denko KK, NaturePlast SAS, ESIM Chemicals GmbH, and others.

Research Methodology
The market study of the UK PBS market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include
Financial reports of companies involved in the market.
Authentic public databases such as Plastics Europe.
Whitepapers, research-papers, and news blogs.
Company websites and their product catalog.
Annual reports and forward-looking statement of key manufacturers
The report is intended for plastic manufacturers, third-party suppliers, traders, distributors, government organizations and regulatory agencies, and other market participants for overall market analysis and competitive analysis. The report provides an in-depth analysis of market size, different products, and future market opportunities. The report will serve as a source for a 360-degree analysis of the market thoroughly delivering insights into the market for making better business decisions.

Market Segmentation
UK PBS Market Research and Analysis by Process
UK PBS Market Research and Analysis by Application

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Last Updated September 2, 2021