Polybutylene Succinate Market Size Is Anticipated To Reach USD 1.39 Billion By 2030
San Francisco, 23 March 2023: The Report Polybutylene Succinate Market Size, Share & Trends Analysis Report By Type (Bio-based, Petro-based), By Application (Mulch Films, Packaging, Medicine), By Region, And Segment Forecasts, 2022 - 2030 The global polybutylene succinate market size is expected to reach USD 1.39 billion by 2030, as per the new report by Grand View Research, Inc. The Polybutylene Succinate (PBS) market is anticipated to expand at a CAGR of 19.7% from 2022 to 2030. The growth is majorly driven by the rising demand for biodegradable polymers throughout the world. Increasing demand for the product in the production of electrical and electronic components is anticipated to fuel market growth in the coming years. The packaging application emerged as a dominant segment on the account of the growing utilization of the product in the food & beverage and pharmaceutical industries. Technological advancements and continuous R&D in the field of packaging for PBS