Benefit To Soybean Farmers
If successful, the project will generate additional demand for soy-based products such as soy oil and soy meal. The global market for super-absorbing materials has perceived remarkable growth during the last 40 years and is expected to persist in the coming years. According to plastermart.com, the global SAP market stood at 1,861, 800 metric tons in 2013. Another market research company, MarketsandMarketsTM forecasts the annual market growth rate in US$ as 5.9%, from 2021 to 2026. The market for SAP products is driven by the high consumption rate caused by population growth and growing demand for disposable products. Considering environmental concern, the bio-based and bio-degradable products from soy have a great potential to replace the part of synthetic and non-biodegradable SAPs on the market.