BASFSE announced the launch of Verdessenece TM RiceTouch, a plant-based sensory powder. Verdessence RiceTouch is made from non-GMO rice and has a high grade and good oil absorption. It is ideal for a variety of natural and organic cosmetic applications such as face and body care, hair care and body cleansing, coloring products, and sunblock products. This biopolymer is derived from natural 100% renewable feedstocks, it is biodegradable and free of preservatives. During the manufacturing process, no chemical changes are required.
One.Five GmbH a German biotech company collaborated with the developers at Flinders University and announced the development of seaweed-based coating as a substitute for plastic packaging in the food industry. The research and production of seaweed-based bioplastics and coatings have the potential to improve the livelihoods of seaweed farmers who rely on an industry.
Author Credits: Anil Kumar, Ipsheeta Dash
Report ID: 4051
Published Date: May 21, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Increasing growth of the textile industry and higher production of fruits and vegetables are the major factors driving the market growth.
The market size of alginates is anticipated to attain a CAGR of ~6% over the forecast period, i.e., 2023-2035.
The availability of low-cost substitutes, and the high cost associated with procuring raw materials are estimated to hamper the market growth are estimated to be the growth hindering factors for the market expansion.
The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
The major players in the market are IRO Alginate Industry Co., Ltd., One.Five GmbH, ZIBO WANGFEI SEAWEED TECH CO., LTD., FMC Corporation, QINGDAO GFURI SEAWEED INDUSTRIAL CO., LTD., SNP, Inc., Ashland Global Holdings Inc., KIMICA Corporation, Shandong Jiejing Group Corp., and BASF SE
The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by product, application, and by region.
The pharmaceutical segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.