The North American PBS market is estimated to grow at a CAGR of over 9% during the forecast period. PBS is a biopolymer and a substitute for other polymers being used in various industries including packaging, automotive, agriculture, and others. Due to its desirable mechanical properties and biodegradable nature, the application area is expanding at a significant rate in the US and Canada. Therefore, the polymer is being considered as a renewable and economical substitute for conventional plastic parts with its remarkable chemical and mechanical properties. With the growth in major end-use industries which includes automotive, agriculture, and food packaging sector in the US and Canada, the market value for the PBS market is increasing in the region.
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North American PBS market is segmented into the US and Canada. The US is estimated to hold the dominating position in the market owing to the increasing demand for bio-based materials for application in the automotive sector. Moreover, stringent government regulations in the country related to the use of conventional plastics are expected to increase the use of bio-based plastics in various applications, this is expected to further promote market growth. Moreover, the US is one of the key exporters of agricultural products to China, India and South Korea. This is expected to increase the demand for advanced packaging options, thereby increasing opportunities for driving the market during the forecast period.
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The North American PBS market is segmented on the basis of process and application. Based on the process, the market is segmented into trans-esterification and direct esterification. The direct esterification process had a significant share in the market in 2018. Direct esterification process is the most common process for preparing PBS and has several advantages such as the process that can be performed under atmospheric pressure and has a short reaction time. Further, any type of solvent can be used in a direct esterification process. Whereas, the trans-esterification process is projected to grow at a considerable rate during the forecast period. The trans-esterification process is used by various food packaging manufacturers as it involves a green chemistry approach where enzymes as a catalyst are used to obtain environment-friendly polymeric materials.

PBS has been used in various industries such as packaging/disposables, agriculture, textile, automotive and others. The packaging industry has significantly adopting biodegradable polymers to substitute non-biodegradable polymers such as polyethylene (PE), polypropylene (PP) and polystyrene plastics (PS). In the agriculture industry, PBS has been used for manufacturing plant pots and mulch films. The rising adoption of biodegradable mulch films is gaining significant importance in the region.

Research Methodology
The market study of the North American PBS market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include
Financial reports of companies involved in the market.
Authentic public databases such as US Department of Agriculture, and the Canadian Plastic Industry Association, among others.
Whitepapers, research-papers, and news blogs.
Company websites and their product catalog.
Annual reports and forward-looking statement of key manufacturers
The report is intended for plastic manufacturers, third-party suppliers, traders, distributors, government organizations and regulatory agencies, and other market participants for overall market analysis and competitive analysis. The report provides an in-depth analysis of market size, different products, and future market opportunities. The report will serve as a source for a 360-degree analysis of the market thoroughly delivering insights into the market for making better business decisions.

Market Segmentation
North American PBS Market Research and Analysis by Process
North American PBS Market Research and Analysis by Application
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