The Biodegradable Microbeads Market Size is projected to surpass US$ 4,561.1 million in 2023 and is likely to attain a valuation of US$ 10,312.5 million by 2033. The biodegradable microbeads market share is anticipated to thrive at a CAGR of 8.5% from 2023 to 2033.
Traditional plastic microbeads are a substantial cause of plastic pollution in aquatic bodies and are frequently found in personal care and cosmetic goods. These non-biodegradable microbeads may accumulate in the environment and destroy marine life and aquatic ecosystems. As a result, there has been a spike in awareness and concern about the requirement to reduce plastic pollution worldwide. In comparison, biodegradable microbeads are more eco-friendly since they naturally disintegrate into non-toxic materials, adversely affecting ecosystems less. The rising environmental concerns foster growth in the market.
Various governments and regions have adopted restrictions or absolute prohibitions on the use of plastic microbeads in personal care products in response to environmental concerns about these particles. For instance, plastic microbeads have been prohibited or limited in the United States, Canada, the European Union, and numerous other nations. This has led to a desire for alternatives, including biodegradable microbeads, which abide by these rules and provide manufacturers with a sustainable choice.
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Many businesses from a range of sectors have made sustainability a key value and set environmental footprint reduction targets. These businesses actively search for substitutes for plastic microbeads in their products as part of their green initiatives. They may show their dedication to environmental responsibility and satisfy consumer demand for eco-friendly solutions by including biodegradable microbeads.
Although toothpaste and exfoliating scrubs are two personal care products that frequently use microbeads, biodegradable microbeads are also growing in other fields. For instance, they are utilized in industrial operations as fluid modifiers, in the pharmaceutical sector as drug delivery systems, and in agriculture as soil additives. Due to their adaptability and eco-friendliness, biodegradable microbeads are enticing for a wide range of applications, driving the market growth.
Key Takeaways from Biodegradable Microbeads Market Report:
- In 2018, the global market size stood at US$ 3,144.8 million.
- The global market size stood at US$ 4,215.4 million in 2022.
- The exfoliator scrub segment captured 61.5% of the global market shares in 2022.
- The cellulose and starch material type segment captured 34.8% of the global market shares in 2022.
- Europe captured 22.6% of the global market shares in 2022.
- North America acquired nearly 29.4% of the global market shares in 2022.
Recent Developments Observed by FMI:
- In June 2023, BASF SE announced that two expansions at its facilities in Bangpakong, Thailand, and Cincinnati, Ohio, are going to increase its capacity to produce alkyl polyglucosides (APG®s) on a global scale. BASF, a global market leader in APGs, is expanding in two sectors at once to strengthen its position and better serve clients from regional supply points while minimizing cross-regional volume transfers. The new facilities are expected to begin operation in 2025.
- Evonik Industries AG committed more than €400 million to the construction of a new rhamnolipid manufacturing facility in January 2022. Following substantial progress in its research and development, Evonik decided to build the plant. Rhamnolipids are biosurfactants utilized in detergents and shower gels as active ingredients. The demand for eco-friendly surfactants is increasing significantly on a global scale.
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Market Segmentation
By Microbeads Type:
- Dispersible
- Soft Beads
- Exfoliator Scrub
By Application Outlook:
- Composites
- Paint and Coatings
- Cosmetics and Personal Care
- Others
By Material Type:
- Cellulose
- Aliphatic Polyesters
- Starch
By Compounding:
- Powder-based
- Granule-based
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- The Middle East & Africa (MEA)
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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