Natural polymers refer to the polymeric derivatives of animals and plants sources. They comprise copolymers containing specific synthetic compounds, such as marine polymers, protein based polymers, vegetable gums, cellulose ethers, fermentation products, and starch. There has been an increased demand for natural polymers in the US, thanks to the augmented expenditure in consumption, shipment of non-durable products, and construction activities. In addition, there has been an increased demand for the product in the medical sector, which is likely to open up new avenues of growth for the global natural polymers market in the years to come.
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Increased Investment in R&D Activities and Favorable Government Initiatives to Bolster Demand
The development of the global natural polymer market is estimated to be shaped by the rising demand for environment-friendly and non-petroleum-based products. In addition, augmented adoption of natural polymer-based products in the pharmaceutical industry for treatment of arthritic-affected joints, wound dressing, and for use as excipients, fillers, and binders in drugs is likely to open up new growth avenues for the market.
These polymers find use in oilfields as well, wherein it is utilized in hydraulic fracturing fluid and is likely to emerge as growth factor for the market. Natural polymers are also increasingly being used in the packaging industry, which is likely to amplify its demand in the future.
There has been a rising concern for environmental degradation and pollution, which is accelerated by the use of petroleum-based, non-biodegradable substitutes together with fluctuating price of crude oil is anticipated to propel the expansion of the global natural polymer market. In addition to that, augmented investment in research and development activities coupled with government initiatives have led to the use of the product in several industrial applications. Agriculture is another growing end user, which is likely to trigger growth of the global natural polymer market in the years to come.
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