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2022

Starch-based Bioplastics Market

Starch-based Bioplastics Market Size, Share, Competitive Landscape and Trend Analysis Report by Type, Technology and Application : Global Opportunity Analysis and Industry Forecast 2021-2030

MC : Advanced Materials

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Author's: Snehal Mohite | Eswara Prasad
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The global starch-based bioplastics market was valued at $1.4 billion in 2020, and is projected to reach $3.6 billion by 2030, growing at a CAGR of 10.1% from 2020 to 2030. 

Starch-based plastic is being produced on a laboratory scale using glycerol on aluminum foil. Bio-plastic starch is a type of thermoplastic starch, which is currently the most frequently used bioplastics, accounting for the majority of the market. Starch-based bioplastics are frequently combined with biodegradable polyesters to create starch/polylactic acid and starch/polycaprolactone, which are used in industrial applications, including food packaging. Furthermore, starch is frequently used in the food business due to its abundant supply from renewable resources, low cost, and intrinsic biodegradability. Majority of bioplastics in the market are made from starch. Furthermore, modified starches are frequently combined with natural and synthetic molecules to create starch-based bioplastics.

Increase in use of starch-based bioplastics as an alternative packaging due to their barrier properties, which limit moisture transfer from food to the atmosphere, and implementation of stringent environmental regulations over use of these films, which have a lower negative impact on the environment than traditional plastics, act as the key drivers of the global starch-based bioplastic market. Furthermore, fluctuating oil prices force enterprises to look for a consistent source of raw material, which generates lucrative opportunities for industry expansion. Furthermore, the use of starch-based films in the packaging industry for food packaging, cosmetics packaging, pharmaceutical packaging, and commodities packaging is expected to boost market growth. Ongoing investments and subsidies by the government of developing nations on the use of biodegradable plastics to mitigate the disposal issues of conventional plastics in sea and landfills are further anticipated to have a positive impact the market growth. In addition, governments are encouraging the use of bioplastics by providing subsidies and charging taxes, which significantly contributes toward the market growth. However, increased raw material cost and reliance on petroleum-based bioplastics are expected to restrain the market growth.

The global starch-based bioplastics market is segmented into type, technology, application, and region. Depending on type, the market is categorized into starch blended with polylactic acid (PLA), starch blended with polyhydroxyalkanoates (PHA), and others (starch-based polyvinyl alcohol (PVOH) blends and polybutylene succinate (PBS)). Depending on technology, it is fragmented into injection molding, blow molding, extrusion, and others (thermoforming and foaming). As per application, it is classified into rigid packaging, flexible packaging, textile, consumer goods, agriculture, automotive, building & construction, electronics, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. 

The global starch-based bioplastics market analysis covers in-depth information about the major industry participants. The key players operating and profiled in the report include BASF SE, Biobag International, Biome Bioplastics Limited, Cardia Bioplastics Ltd, Corbion N.V, Innovia Films Limited, Natureworks LLC, Novamont SPA, Toray Industries Inc. Inc., and Yield10 Bioscience, Inc.

Global starch-based bioplastics market, by type

By type, the starch blended with PLA segment dominated the global market in 2020, and is projected to exhibit the same trend during the forecast period. This is attributed to the fact that starch-blended with PLA is an environment-friendly material.

Starch-based Bioplastics Market
By Type
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Starch Blended with PLA is projected as the most lucrative segment.

Global starch-based bioplastics market, by technology

Depending on technology, the injection molding segment accounted for around 56.7% of the global starch-based bioplastics market share in 2020. This is attributed to advantages of automation and cost reduction associated with injection molding process. 

Starch-based Bioplastics Market
By Technology
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Injection Molding is projected as the most lucrative segment.

Global starch-based bioplastics market, by application

As per application, the rigid packaging segment accounted for around 45.6% of the global starch-based bioplastics market share in 2020. This is attributed to the fact that starch-based bioplastics are being extensively used in the automotive & transportation, agriculture, packaging, and consumer goods industry. 

Starch-based Bioplastics Market
By Application
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Rigid Packaging is projected as the most lucrative segment.

Starch-based bioplastics market, by region

Region wise, Asia-Pacific accounts for the largest share of around 51.2% in 2020. Presence of large population is providing growth opportunities for the biodegradable market in Southeast Asia. Government policies support for the use of biobased products that fuel the growth of the Asia-Pacific starch-based bioplastics market.

Starch-based Bioplastics Market
By Region
2030
Asia-pacific 
2030
Asia-pacific 
North America
North America
Europe
Europe
LAMEA
LAMEA

Asia-Pacific is projected as the most lucrative market.

Key Benefits For Stakeholders

  • The report provides an in-depth analysis of the global starch-based bioplastics market trends along with the current and future market forecast.
  • This report highlights the key drivers, opportunities, and restraints of the market along with the impact analyses during the forecast period.
  • The Porter’s five forces analysis helps analyze the potential of the buyers & suppliers and the competitive scenario of the starch-based bioplastics industry for strategy building.
  • A comprehensive global market analysis covers factors that drive and restrain the market growth.
  • The qualitative data in this report aims on market dynamics, trends, and developments.

Impact Of Covid-19 On The Starch-based Bioplastics Market

  • The pandemic is rapidly spreading and ruthlessly affecting the business environments of major markets. The demand for starch-based bioplastics is witnessing massive decline in all segments. Some regions, particularly, North America and Europe, are witnessing greater decline than Asia-Pacific. Amidst the ongoing crisis, starch-based bioplastics producers are operating at a lower capacity and are planning to scale up their operation after carefully assessing the course of COVID-19 in the near term.
  • Furthermore, import and export activities were significantly impacted, which, in turn, adversely affected the industries using starch based bioplastics, thereby affecting the starch-based bioplastics market.  
  • The impact of outbreak is likely to have a significant impact on the imports and exports of chemicals and raw materials. Thus, the demand for starch-based bioplastics packaging is likely to be low for the year 2020. However, the availability of the raw material combined with the R&D is likely to row the starch-based bioplastics market in the year to come.

Starch-based Bioplastics Market Report Highlights

Aspects Details
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By Type
  • Starch Blended with PLA
  • Starch Blended with PHA
  • Others (Starch-based PVOH Blends and PBS)
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By Technology
  • Injection Molding
  • Blow Molding
  • Extrusion
  • Others (Thermoforming and Foaming)
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By Application
  • Rigid Packaging
  • Flexible Packaging
  • Textile
  • Consumer Goods
  • Agriculture
  • Automotive
  • Building & Construction
  • Electronics
  • Others
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By Region
  • North America 
  • Europe 
  • Asia-Pacific 
  • LAMEA 

Analyst Review

Starch is a natural polymer with a variety of characteristics that make it appropriate for packaging and edible film applications. Starch-based bioplastics are made by combining starch with thermoplastic polyesters to create a biodegradable and compostable material. Bioplastics with qualities similar to low-density polyethylene (LDPE) are used to make bags for recycling organic waste, packaging & packaging materials, hygiene items, and agricultural products. Starch-based totally biodegradable polymers (SCBP) are thus suitable in biological and environmental domains by combining the particular advantages of starch and synthetic polymers. Furthermore, because to their improved biocompatibility, non-toxicity, higher mechanical qualities, and needed degrading properties, starch-based bioplastics are widely used in the medical business.

Author Name(s) : Snehal Mohite | Eswara Prasad
Frequently Asked Questions?

Fluctuating oil prices force enterprises to look for a consistent source of raw material, which generates lucrative opportunities for industry expansion.

The global starch based bioplastics market was valued at $3.6 Billion in 2030

BASF SE, Biobag International, Biome Bioplastics Limited, Cardia Bioplastics Ltd, Corbion N.V Companies are the top players in starch based bioplastics market.

Rigid packaging and flexible packaging is projected to increase the demand for starch based bioplastics market

Type, technology and application segment are covered in starch based bioplastics market report

Consumers with strong purchasing power and a high degree of environmental awareness and a highly developed economy and educated society are some of the key factors driving the growth of the market.

Rigid packaging are the major applications which are expected to drive the adoption of starch based bioplastics

The impact of outbreak is likely to have a significant impact on the imports and exports of chemicals and raw materials. However, the availability of the raw material combined with the R&D is likely to row the starch-based bioplastics market in the year to come.

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Starch-based Bioplastics Market

Global Opportunity Analysis and Industry Forecast 2021-2030