Marine Degradable Polymers For Fisheries Products Market

 

Marine Degradable Polymers For Fisheries Products Market

These materials are used to make fishing nets to catch fish and reduce the possibility of ghost fishing. Data Bridge Market Research analyses that the global Marine Degradable Polymers For Fisheries Products Market is expected to reach the value of USD 75,544.87 thousand by the year 2029, at a CAGR of 5.6% during the forecast period. ” Polybutylene Succinate (PBS)” accounts for the most prominent material segment in the respective market owing to the rise in marine degradable polymers for fisheries products. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.

Degradable polymers are polymers that break down or decompose naturally by the bacterial decomposition process. These materials are eco-friendly and aim to reduce carbon footprint. Using these materials aims to reduce the plastic pollution in the sea and water fields which hamper the overall fish production market. These materials possess desirable properties, such as high chemical stability, moisture barrier, and thermoplastic characteristics. There are various materials of marine degradable polymers for fisheries products.

Regulatory Framework

  • Sustainable Fisheries Act of 1996- This act promotes healthy habitats for commercial and recreational fisheries. It strengthens requirements to prevent overfishing and sets standards for fishery management plans to determine stock status. A 2002 update to Essential Fish Habitat (EFH) regulations allowed fishery management councils to designate Habitat Areas of Particular Concern, specific areas within EFH that have extremely important ecological functions and/or are especially vulnerable to degradation

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Major Players in Marine Degradable Polymers For Fisheries Products markets are:

ROM PLASTICA srl (Italy), B4Plastics (Belgium)

This global marine degradable polymers for fisheries products market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the Marine degradable polymers for fisheries products market, contact Data Bridge Market Research for an Analyst Brief. Our team will help you take an informed market decision to achieve market growth.

Recent Developments

  • In March 2022, B4Plastics represented their biomaterials at the innovation week of the University of Antwerp. With the help of their partner Voxdale, 5 Master students of Product Development of UAntwerp, brainstormed on implementing the B4Plastics FortePlastics, RubberPlastics, and TriggerPlastics in new products and applications. This development will help the company to increase its brand image
  • In December 2021, B4Plastics introduced a second lab, the Biotech lab, to offer sufficient lab space for our R&D team. This development will help the company to provide its customers and partners with an easy-to-use and supportive medium which will help the company to increase its business

Global Marine Degradable Polymers For Fisheries Products Market Segmentation:

The global marine degradable polymers for fisheries products market is segmented on the basis of product and material. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Material

  • Polybutylene Succinate (PBS)
  • Polybutylene Adipate Terephthalate (PBAT)

On the basis of material, the global marine degradable polymers for fisheries products market is segmented into polybutylene succinate (PBS) and polybutylene adipate terephthalate (PBAT).

Product

  • Gillnet
  • Dollyrope
  • Fishing Trap
  • Bottom Trawl

On the basis of product, the global marine degradable polymers for fisheries products market is segmented into gillnet, dollyrope, fishing trap, and bottom trawl.

Read More on the Marine Degradable Polymers For Fisheries Products Market Report Here: https://www.databridgemarketresearch.com/reports/global-marine-degradable-polymers-for-fisheries-products-market

The report answers questions such as:

Which product segment grabbed the largest share in the Marine Degradable Polymers For Fisheries Products market?

What is the competitive scenario of the Marine Degradable Polymers For Fisheries Products market?

Which are the key factors aiding the Marine Degradable Polymers For Fisheries Products market growth?

Which are the prominent players in the Marine Degradable Polymers For Fisheries Products market?

Which region holds the maximum share in the Marine Degradable Polymers For Fisheries Products market?

What will be the CAGR of the Marine Degradable Polymers For Fisheries Products market during the forecast period?

Which application segment emerged as the leading segment in the Marine Degradable Polymers For Fisheries Products market?

What are key trends likely to appear in the Marine Degradable Polymers For Fisheries Products market in the coming years?

Which company held the largest share in the Marine Degradable Polymers For Fisheries Products market?

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Market Dynamics of the Marine Degradable Polymers For Fisheries Products Market Include:

Drivers

  • Gaining popularity due to rising awareness towards implementation of low carbon foot

Low carbon footprint materials focus on the low content of carbon in them. The lower the carbon content, the less will be the rate of carbon footprint. The main cause of increased carbon footprint rate in ocean or water filed is plastic nets and fish catching equipment that remains in the water and harms the ecosystem of water. Awareness regarding the need for low carbon footprint materials is increasing where several initiatives such as using degradable nets and degradable fish catching equipment are used to catch fish is acting as a driver for the market.

  • Growing fish demand in direct consumer

Several benefits for fish and sea creatures will create a demand for it across the globe. With growing stressful life and mental issues, the demand for fish as a pet is growing. Stressful life and negligence for health can contribute to heart health issues where consumption of fish will helps to lower heart issue risks. This will overall generate demand for fish and sea creatures across the globe and will help to grow the market.

  • Increasing awareness about ghost fishing

Rising awareness about ghost fishing, problem detection, and its solution will promote a safe and healthy water ecosystem. Technological use to detect and solve the problem will encourage the increasing demand for healthy fishes and sea creatures. This will help to increase the demand for marine degradable polymers for the making of fisheries products.

  • Shifting towards of growing phase out of single-use plastic

There have been initiatives in several countries towards the removal of the use of single use plastics utilized mostly for consumer goods in the stores. Governments all over the world have set up certain norms and regulations in order to ban plastic use as they cause a plethora of pollution and diseases. Thus, phasing out single use plastics for fishing gears and introducing degradable fishing gears is an important step toward environmental conservation bringing in the market at a rapid rate. This is expected to act as one of the major drivers for the market.

Opportunity

  • Growing importance of bio-based polymers as a replacement for conventional counterparts

One of the major reasons for the disrupted water system is “ghost nets.” These nets are considered as accidentally or intentionally lost, abandoned, or discarded in the marine environment. These abandoned nets entangle fish and other animals and have devastating effects on them and marine ecosystems. This issue created awareness among everyone, and many organizations are taking initiatives such as Innovative Fishing Gear for Oceans (INdIGO) to reduce this issue.

Restraints/Challenges

  • Fluctuating climate dynamics

Most of the population consumes fish as food and keeps them as pets. Due to several health benefits of eating fish, people prefer to eat it. Keeping fish as pets relaxes the mind, increases concentration, and promotes a healthy heart. But climatic changes changing the temperature of water bodies result in depleting quality of fish and some dies impacting whole fish production and its trading. Thus climate changes hamper the temperature of water of sea water which results in the unstable health of marine creatures. Due to this, creatures suffer from bad health, and some die, resulting in a disrupted marine ecosystem. Thus, fluctuating climate dynamics may hinder the growth of the market.

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