The marine degradable polymers for fisheries products widely covers the equipment and tool such as hooks, lines, sinkers and floats, fishing nets, rods, reels, spears and gaffs, and others. Degradable polymers are widely used in almost all industries for various applications in almost every industry.
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 Asia Pacific Marine Degradable Polymers For Fisheries Products Market is expected to reach the value of USD 7,749.07 thousand by the year 2029, at a CAGR of 5.5% 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.
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Market Definition
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.
Asia-Pacific Marine Degradable Polymers for Fisheries Products Market Scope
Asia-Pacific 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 Asia-Pacific 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 Asia-Pacific marine degradable polymers for fisheries products market is segmented into gillnet, dollyrope, fishing trap, and bottom trawl.
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Competitive Landscape and Asia-Pacific Marine Degradable Polymers For Fisheries Products Market Share Analysis
The Asia-Pacific marine degradable polymers for fisheries products market competitive landscape provides details by a competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Asia-Pacific presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Asia-Pacific marine degradable polymers for fisheries products market.
Some of the major players operating in the global marine degradable polymers for fisheries products market are ROM PLASTICA srl, B4Plastics, among others.
Market Dynamics of the Asia-Pacific 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.
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Reasons to Purchase Asia Pacific Marine Degradable Polymers For Fisheries Products Market Report
Based on the segmentation of both economic and non-economic factors, the Asia Pacific Marine Degradable Polymers For Fisheries Products Market Report provides a qualitative and quantitative analysis of the market.
The Asia Pacific Marine Degradable Polymers For Fisheries Products Market report provides market value (USD) information for each segment and sub-segment.
The report highlights the regions and segments which are expected to exhibit the most rapid growth as well as dominate the market.
This report analyzes the Asia Pacific Marine Degradable Polymers For Fisheries Products market by geography, highlighting the consumption of the product throughout each region and identifying the factors that have affected the market within each region.
A detailed competitive landscape that includes the market ranking of major players, as well as new product and service launches, business expansions, and acquisitions of companies profiled over the past five years.
Detailed profiles of the major market players that include company overviews, company insights, product benchmarking, and SWOT analyses.
Market trends and future prospects for the industry based on recent developments (including opportunities, drivers, challenges, and restraints of emerging and developed markets).
An in-depth analysis of the Asia Pacific Marine Degradable Polymers For Fisheries Products market is provided through Porter’s five forces analysis of the market, as well as insights into the market using the value chain.
Browse More Reports
Global Marine Degradable Polymers For Fisheries Products Market, By Material (Polybutylene Succinate (PBS), and Polybutylene Adipate Terephthalate (PBAT)), Products (Gillnet, Dollyrope, Fishing Trap, and Bottom Trawl)- Induatry Trends and forecast to 2029. https://www.databridgemarketresearch.com/reports/global-marine-degradable-polymers-for-fisheries-products-market
Europe Marine Degradable Polymers For Fisheries Products Market, By Material (Polybutylene Succinate (PBS), and Polybutylene Adipate Terephthalate (PBAT)), Products (Gillnet, Dollyrope, Fishing Trap, and Bottom Trawl)- Industry Trends and Forecast to 2029. https://www.databridgemarketresearch.com/reports/europe-marine-degradable-polymers-for-fisheries-products-market
Middle East and Africa Marine Degradable Polymers For Fisheries Products Market, By Material (Polybutylene Succinate (PBS), and Polybutylene Adipate Terephthalate (PBAT)), Products (Gillnet, Dollyrope, Fishing Trap, and Bottom Trawl) – Industry Trends and Forecast to 2029. https://www.databridgemarketresearch.com/reports/middle-east-and-africa-marine-degradable-polymers-for-fisheries-products-market
North America Marine Degradable Polymers for Fisheries Products Market, By Material (Polybutylene Succinate (PBS), and Polybutylene Adipate Terephthalate (PBAT)), Products (Gillnet, Dollyrope, Fishing Trap, and Bottom Trawl) – Industry Trends and Forecast to 2029. https://www.databridgemarketresearch.com/reports/north-america-marine-degradable-polymers-for-fisheries-products-market
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