In 2023, the global market size for biodegradable microbeads is expected to exceed US$ 4,561.1 million. From 2023 to 2033, it is forecasted to grow steadily at a Compound Annual Growth Rate (CAGR) of 8.5%. By 2033, the market is anticipated to reach approximately US$ 10,312.5 million.
Key Trends Driving the Demand for Biodegradable Microbeads
- The biodegradable microbeads market is expected to experience significant growth during the forecast period, driven by increasing demand for personal care products such as toothpaste, shampoo, scrubs, hair gel, cosmetics, hygiene products, and life science products.
- There is a growing emphasis on reducing environmental pollution, leading to a greater need for eco-friendly alternatives like biodegradable microbeads.
- Improved awareness and understanding of the benefits of eco-friendly microbeads are also contributing to the market’s expansion.
- Manufacturers are focusing on product innovation to enhance quality, meet customer needs, and promote environmental sustainability.
- Biodegradable microbeads have the advantage of being liquefiable, allowing them to easily blend with creams or other substances to improve thickness and quality.
- As a result, they are being increasingly incorporated into a wide range of personal care and cosmetic products.
Various governments and regions have adopted restrictions or absolute prohibitions on the use of plastic microbeads in personal care products in response to environmental concerns about these particles. For instance, plastic microbeads have been prohibited or limited in the United States, Canada, the European Union, and numerous other nations. This has led to a desire for alternatives, including biodegradable microbeads, which abide by these rules and provide manufacturers with a sustainable choice.
Many businesses from a range of sectors have made sustainability a key value and set environmental footprint reduction targets. These businesses actively search for substitutes for plastic microbeads in their products as part of their green initiatives. They may show their dedication to environmental responsibility and satisfy consumer demand for eco-friendly solutions by including biodegradable microbeads.
Although toothpaste and exfoliating scrubs are two personal care products that frequently use microbeads, biodegradable microbeads are also growing in other fields. For instance, they are utilized in industrial operations as fluid modifiers, in the pharmaceutical sector as drug delivery systems, and in agriculture as soil additives. Due to their adaptability and eco-friendliness, biodegradable microbeads are enticing for a wide range of applications, driving the market growth.
Key Takeaways from Biodegradable Microbeads Market Report:
- In 2018, the global market size stood at US$ 3,144.8 million.
- The global market size stood at US$ 4,215.4 million in 2022.
- The exfoliator scrub segment captured 61.5% of the global market shares in 2022.
- The cellulose and starch material type segment captured 34.8% of the global market shares in 2022.
- Europe captured 22.6% of the global market shares in 2022.
- North America acquired nearly 29.4% of the global market shares in 2022.
Key Players in the Global Market
- BASF SE
- Naturebeads
- TerraVerdae
- Evonik Industries AG
- Mastumoto Yushi Seiyaku Company
- Trelleborg AB
- Sigmund Lindmer GmbH
- Mo-Sci Corporation
- Others
Recent Developments Observed by FMI:
- In June 2023, BASF SE announced that two expansions at its facilities in Bangpakong, Thailand, and Cincinnati, Ohio, are going to increase its capacity to produce alkyl polyglucosides (APG®s) on a global scale. BASF, a global market leader in APGs, is expanding in two sectors at once to strengthen its position and better serve clients from regional supply points while minimizing cross-regional volume transfers. The new facilities are expected to begin operation in 2025.
- Evonik Industries AG committed more than €400 million to the construction of a new rhamnolipid manufacturing facility in January 2022. Following substantial progress in its research and development, Evonik decided to build the plant. Rhamnolipids are biosurfactants utilized in detergents and shower gels as active ingredients. The demand for eco-friendly surfactants is increasing significantly on a global scale.
Complete Market Review: A Full Report Analysis
Market Segmentation
By Microbeads Type:
- Dispersible
- Soft Beads
- Exfoliator Scrub
By Application Outlook:
- Composites
- Paint and Coatings
- Cosmetics and Personal Care
- Others
By Material Type:
- Cellulose
- Aliphatic Polyesters
- Starch
By Compounding:
- Powder-based
- Granule-based
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- The Middle East & Africa (MEA)
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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