Starch Blends Biodegradable Plastic Market Size, Competitive Landscape and Market Forecast - 2029

SKU: DMCH3932 | Last Updated On: Jun 28 2022 | Available Formats

> Global Starch Blends Biodegradable Plastic Market Expected to reach a high CAGR of 11% By 2029: DataM Intelligence

Global Starch Blends Biodegradable Plastic Market is segmented Type (PLA, Biodegradable Polyesters, PHA, Others), By End-User (Agriculture, Packaging & Bags, Consumer Goods, Textile, Others), By Technology (Blow Molding, Extrusion, Injection Molding, Others), By Region (North America, Europe, South America, Asia-Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

 

Market Overview

The Global "Starch Blends Biodegradable Plastic Market" is predicted to reach at a high CAGR of 11% during the forecast period (2022-2029).

Starch can decrease the carbon footprint of conventional resins because they can substitute petroleum-based polymers with natural ones. Starch-based plastics are highly degradable, allowing them to be used alongside a compostable polymer without hindering the degradation process. The strict governing provisions on the use of plastics built by competent regulatory bodies across all states and national and regional level initiatives to ensure minimal environmental impacts will leverage starch blends biodegradable plastic growth.

Increasing usage of biodegradable plastics in packaging, changing consumer preference towards environment-friendly plastic products and building government emphasis on biodegradable plastics are some of the major factors anticipated to propel the increment of the starch blends biodegradable plastic market.

Market Dynamics

The global starch blends biodegradable plastic market growth is driven by rising demand from the packaging industry and growing emphasis on eco-friendly plastics.

Growing emphasis on eco-friendly plastics

The growing emphasis on eco-friendly plastics is expected to drive the starch blends biodegradable plastic market in the forecast period. The rising attention over the use of plastic and its environmental impacts has been trending globally. Several initiatives have occurred globally by organizations and governments to reduce the use of non-biodegradable plastic for a sustainable future.

Manufacturers are tapping into new materials with advancing innovations in the field. For instance, in 2018- AGRANA has launched its bioplastic AGENACOMP. It is a 50:50 blend of thermoplastic starch and a biologically degradable polyester has presented a bioplastic compound that is fully compostable at home. Moreover, in 2021- India-based Hi-Tech International has launched a plant-based bio-compostable polymer. The biopolymer is made from corn starch and can replace single- and multiple-use plastic products.

Rising demand from the packaging industry

Starch-based polymers are frequently manufactured from maize, corn, sugarcane, and potato starch. The usage of starch in polymer aids in diminishing the adverse impact of plastic on the environment. The starch market is obtaining traction due to the rising corn starch Blended biodegradable polymer usage in the packaging industry. For example, Corn helps maintain the consistency of plastic due to polylactic acid in corn starch. Plastics made up of corn starch are environment-friendly, biodegradable and compostable.

Due to these factors, the Starch Blended Biodegradable Polymer market is expected to grow substantially during the forecast period. The generation of starch-based bioplastics is simple is widely used for packaging applications because the tensile properties of starch are suitable for creating packing materials, and glycerol is combined into the starch as a plasticizer. Furthermore, increasing environmental awareness among the consumers and the companies serving in this market has led to the growth of starch-based packaging materials.

High cost of starch blend biodegradable plastic

The starch blends biodegradable plastic market is impacted by the high cost of the material. The starch-based bioplastic film market is comparatively more expensive than other plastics and is impacted by the competition for raw materials availability among various industries. Corn, tapioca and wheat are the main sources for making starch. They are also used in several industries for different applications, which imposes the problem in the availability of these raw materials and price for starch production.

Furthermore, geological factors, unstable economic conditions and political factors also affect the production of raw materials like wheat, corn, tapioca, and others. Hence, the volatility in raw material prices will negatively impact the starch blend biodegradable plastic market.

COVID-19 Impact Analysis

Due to the pandemic, stakeholders across the starch blends biodegradable plastic industry has seen a notable impact as all the production work, factories and other activities were closed. The market has been badly hampered by the shortage of raw materials and fewer demands from the industries. As a result, production was hindered by halts and supply chain disruption globally. After the pandemic, the governments still imposed various restrictions, such as working with half the workforce and fewer operating hours hindering the production cycle of the market.

As a result, the losses are incorporated with less demand from the packaging, textile and agriculture industry. However, the market is expected to recover after the pandemic, with sectors aiming to work with higher production rates to recover from the incorporated losses.

Segment Analysis

By type, the starch blends biodegradable plastic market is classified into PLA, PHA, biodegradable polyesters and others.

The PLA starch blends biodegradable plastic market is expected to grow at the fastest CAGR during the forecast period (2021-2028)

PLA is expected to hold the largest starch blends biodegradable plastic market in the forecast period. The growth is associated with increasing uses of starch blended with PLA-based bioplastic products beyond various applications like food packaging, automotive, textile and medical applications. It is becoming a popular alternative to traditional plastic derived from petroleum based chemicals.

The use of starch blended with PLA based plastic grants several advantages including non-reactive with content, package integrity, impermeability, versatility, and having high tensile strength and 100% biodegradable and compostable. Due to the numerous benefits, the market demand for starch-based Bioplastics is widely growing in various industries. Moreover, the PLA blended bioplastic also offers low toxicity, degradation properties and mechanical properties.

Geographical Analysis

Europe region holds the largest market for the global starch blends biodegradable plastic globally

Europe region holds the largest market share for the starch blends biodegradable plastic market globally and is expected to continue its dominance in the forecast period. According to the market data compiled by European Bioplastics e.V, global bioplastics production capacities are aimed to rise from around 2.11 million tonnes in 2020 to almost 2.87 million tonnes in 2025. The production of biodegradable plastics is predicted to increase to 1.8 million in 2025, essentially due to PHA's significant growth rates and new investments for PLA production in Europe.

The regulations associated with the use of plastic packaging will be a major factor in boosting market demand. For example, according to Article 75 of the French Energy Transition Law, retailers will not issue plastic bags for fruit and vegetables, nor for cheese, meat and fish sold at supermarket counters. However, bags made from home compostable bioplastic, containing a minimum content of renewable raw materials of 30% and from 2025, 60% renewable raw materials are excluded from this ban.

The companies are focusing on bioplastics as an alternative to non-biodegradable plastics. For instance, in 2017- FKuR has launched new Bio-Flex blends that meet the valid requirements of the French Energy Transition Law for plastic bags.

Competitive Landscape

The starch blends biodegradable plastic market is highly competitive with the local player’s presence, followed by the global companies, contributing to the major share in the market growth. In addition, some of the key players contributing to the market's growth are FKuR Kunststoff GmbH, Plantic Technologies Limited, Nihon Cornstarch Corporation, BASF SE, BioGrade, Wuhan Huali Environmental Technology Co., Ltd., Balson Industries, Lactel Absorbable Polymers, Novamont S.p.A., Rodenburg Biopolymers, TryEco, LLC, among others. The major players are adopting various new strategies to dominate the market, such as launching new products, acquisitions, and collaborations, contributing to the global growth of the starch blends biodegradable plastic market.

FKuR Kunststoff GmbH

Overview: FKuR is a family-run company that produces and distributes bioplastic compounds based on renewable raw materials. The company also offers personal and technical support at the highest level to the global customer base,

Product Portfolio: The Company manufactures various types of bioplastics, including Bio-Flex, Biograde, Fibrolon, Terralene, Terralene rPP, Terraprene TPE, I’m green™ EVA, I'm green PE and Eastlon.

Key Development: In 2019, FKuR and SKYi established a joint venture in India to manufacture biodegradable, bio-based plastics. The new production site is located within a special industrial zone of the Pune district of Maharashtra.

The global starch blends biodegradable plastic market report would provide access to an approx: 61 market data tables, 56 figures and 180 pages.

Trending Topics

Molded Plastics Market

Plastic Films and Sheets Market

Did not find what you were looking for?Every 7 out of 10 customers request tailored reports. Get yours today!
We collate your requirements.
Our global research team is put into action.
We deliver, and make sure your endeavour is a success!

Buy This Report



Note*: For "Bundle/Bulk" Subscription of Reports,
please contact: [email protected]

Get your free sample proposal with a single click!

linkedinpinterest