Research Nester’s recent market research analysis on “Bio-Acetic Acid Market: Global Demand Analysis & Opportunity Outlook 2036” delivers a detailed competitors analysis and a detailed overview of the global bio-acetic acid market in terms of market segmentation by raw material, application, end user, and by region.
Growing Concerns Towards the Environment to Promote Global Market Share of Bio-Acetic Acid

The global bio-acetic acid market is estimated to grow majorly on account of the rising concerns about the environment such as pollution and climate change. This has resulted in a shift towards more sustainable and environmentally friendly products. Bio-acetic acids are extracted from renewable resources, that match with these environmental concerns, as bio-acetic acid is a greener option. Furthermore, the government is constantly working on reducing the reliance on fossil fuels, this has driven the attention toward other alternative sources of energy.

On the other hand, the growing demand for packaging for e-commerce has also boosted the bio-acetic acid market growth. In 2021, the e-commerce industry has used around 2 billion pounds of plastic packaging. It is expected the demand for packaging for the e-commerce industry will contribute to the rise and will reach around 5 billion pounds by 2025.

Some of the major growth factors and challenges that are associated with the growth of the global bio-acetic acid market are:
Growth Drivers:
• Rising Initiatives to Enforce Sustainability
• Rising Need for Packaging

Challenges:
There is a lack of enough feedstock and it is expected to hamper the market growth of bio-acetic acid. It is typically produced from renewable feedstocks, such as biomass, corn, or sugarcane. The low availability and unstable prices of these feedstocks have affected its mass production and hindered its usability across the world. On the other hand, there are not enough marketing and educational campaigns that increase awareness regarding the benefits of this bio-acetic acid and its positive impact on the environment and sustainability. The low awareness regarding the product is also hampering the market growth. Due to the same reason, it has become difficult to convince large industries to switch from traditional acetic acid to bio-acetic acid.

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By raw material, the global bio-acetic acid market is segmented into sugar maize, biomass, and corn. The biomass segment is to garner the highest revenue by the end of 2036 by growing at a significant CAGR over the forecast period. The growth of the segment is majorly dependent on the rising production of biomass. The world produces roughly 100 billion metric tonnes of biomass per year, roughly half of which is in the water and half on land.

By region, the market in Europe, amongst the market in all the other regions, is projected to hold a majority of the share by the end of 2036. The growth of the market can be attributed majorly to the rising initiatives taken by the government to rebuild and renovate the old infrastructures in the region. According to the European Commission, Europe's Renovation Wave seeks to roughly quadruple the annual energy rehabilitation rate of buildings by 2030, with the ultimate objective of renovating over 35 million structures, or 13% of the region's total establishments. In addition to this, the growing production of chemicals in the region is also expected to boost the market growth in the region.

This report also provides the existing competitive scenario of some of the key players of the global bio-acetic acid market which includes company profiling of Airedale Chemicals, Bio-Corn Products EPZ Ltd., Godavari Biorefineries Ltd., Sucroal SA, Novozymes A/S, LanzaTech, Afyren SAS, BTG Bioliquids, Sekab and Wacker Chemie AG.

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