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Natural polymers are those materials which can be derived from natural resources. Natural polymers are acquired from plant life, animals, or microorganisms. They are both synthesized by using addition polymerization or condensation polymerization. Natural polymers are more effective than artificial polymers, as they are economical, nontoxic, and abundantly available in nature. A number of primary herbal polymers include cellulose ether, exudate & vegetable gum, starch & fermentation products, and protein-based merchandise. Natural polymers find extensive application in the shipment of nondurable items, pharmaceuticals, oilfields, as well as food & beverages. Furthermore, they have vast application in pharmaceutical, food & beverages, oilfields, cosmetics & personal care merchandise, construction, adhesives, paints & inks, and packaging.
The outbreak of coronavirus has negatively impacted the growth of the packaging industry. Lockdown has reduced the global demand for consumer goods. The food & beverages industry in which packaging is essential is declining due to low customer demand. Moreover, the government has declared ban on international travel. This has reduced the import and export activities, thereby reducing the growth of the packaging industry. These factors may reduce the overall demand for natural polymers in the next one to two years.
Natural polymer market is anticipated to be driven by surge in demand for non-petroleum-based and eco-friendly products. The disposal of non-biodegradable commercially available plastics has triggered many environmental-associated problems. Consequently, the packaging industry is predicted to witness a significant demand in the natural polymer market to reduce carbon footprint. Similarly, increase in penetration of natural polymer-based merchandise in pharmaceutical enterprise, including binders and fillers in capsules, excipients, wound dressing, and treatment of arthritic-affected joints will further boost the market growth. However, the demand for natural polymers will considerably decline due to fluctuations in price, unavailability of raw materials, product inconsistency, and supply uncertainties. Mop rover, rise in awareness about deforestation and protection of animals are appearing as obstacles for the growth of the natural polymer industry. Ready availability of substitutes for natural polymers, such as cotton and natural rubber, is anticipated to be a restraining factor of the market growth.
Rise in demand for natural polymers from oilfield industry in hydraulic fracturing fluid is expected to drive the natural polymer market during the forecast period. Natural polymers are widely used in the packaging industry in the form of various packing products. With increase in packaging enterprise, the growth of the natural polymer market is anticipated to be driven. Increase in concern of environmental pollution and usage of non-biodegradable petroleum-based substitutes alongside unstable rate of crude oil are anticipated to drive demand for natural polymer. In addition, increase in recognition of natural polymers as an alternative in medical field industry is predicted to boost the growth of the natural polymer market during the forecast period. High investment for research and development led by the government projects have yielded in various business application of natural polymers, within the area of agriculture, pharmaceutical, and packaging enterprise, which are anticipated to offer remunerative opportunities for market expansion.
The global natural polymer market is analyzed across North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. The growth of the natural polymer market in North America is predicted to be driven by increase in utility in medical, oilfield, and packaging enterprises. Asia-Pacific is the one of the largest market for natural polymers, owing to rapid industrialization and expanding population. Europe natural polymer market is expected to expand with a healthy growth rate due to surge in demand for non-petroleum-based and environmentally friendly products.
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