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2021
Starch-blended Biodegradable Polymer Market

Starch-blended Biodegradable Polymer Market

by Application (Packaging & Bags, Consumer Durables, Agriculture & Horticulture, Textiles, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2030
Update Available On-Demand

Report Code: A02888
Pages: 220
Oct 2021 | 5136 Views
Author(s) : Snehal M , Eswara P
Tables: 109
Charts: 56
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COVID-19

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Starch-blended Biodegradable Polymer Market Research, 2030

The global starch-blended biodegradable polymer market size was valued at $1.5 billion in 2020, and is projected to reach $3.4 billion by 2030, growing at a CAGR of 8.2% from 2021 to 2030.

The dynamic natures of climate and geological factors and unstable economic conditions are impacting the production of raw materials like corn, wheat, tapioca, and others that make it a volatile factor. This volatility in raw material prices negatively impacts the global starch-based bioplastic films.

Starch-blended biodegradable polymer is formed by combining starch and synthetic polymers. Starch-based polymers are currently the second most common type of biodegradable polymer. These polymers are crystalline in nature, relatively easy to manufacture, and can include anywhere from 10% to more than 90% starch. Starch-based biodegradable polymers have acquired high traction in recent years, as autarch has become a feasible option to petrochemical-based polymers due to its lower cost and wider availability as well as its environmentally friendly nature.

Starch-Blended-Biodegradable-Polymer-Market2021-2030

Increase in use of starch as a filler in polymers to improve the biodegradability of polymer-based products and surge in demand for biodegradable packaging materials from developed and developing regions act as the key driving forces of the starch-blended biodegradable polymer. In addition, rise in consumer interest in renewable feedstock and biopolymers has led to the development of many alternatives to traditional plastics, thus driving demand for starch-blended biodegradable polymer. However, high price of biodegradable plastics acts as a key restraint of the market. 

The global starch blended biodegradable polymer market is segmented on the basis of application and region. Depending on application, the global market is categorized into packaging & bags, consumer durables, agriculture & horticulture, textiles, and others. Region wise, it is studied across North America, Europe, Asia-Pacific, and LAMEA.

The key players profiled in this report include AECOM, Stantec, Geoquip Marine Group, WSP, Fugro, HDR, EGS Survey, Gardline Limited, Arup, and Kiewit Corp. The global starch blended biodegradable polymer market report provides in-depth competitive analysis as well as profiles of these major players.

Global starch blended biodegradable polymer market, by application

By type, the packaging & bags segment accounted for around 47.2% of the starch blended biodegradable polymer market share in 2020. This is attributed to the fact that the packaging & bags sector is one of the major consumers of biodegradable plastics. In addition, replacement of conventional plastics by these products in food packaging such as boxes, wraps, cups, and plates is gaining momentum, which is supporting the growth of starch-blended biodegradable polymer market. 

Starch-blended Biodegradable Polymer Market
By Application

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Packaging & Bags is projected as the most lucrative segment.

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Starch-blended biodegradable polymer market, by region 

Region wise, Asia-Pacific serves as the largest market for starch-blended biodegradable polymer, owing to rise in awareness among customers about the use of bioplastic  in the region, thus highlighting the inclination of customers toward the use of eco-friendly products.

Starch-blended Biodegradable Polymer Market
By Region

2030
Asia-pacific 
North America
Europe
Lamea

Asia-Pacific holds a dominant position in 2020 and would continue to maintain the lead over the forecast period.

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Key Benefits For Stakeholders

  • The report outlines the current trends and future estimations from 2020 to 2030 to understand the prevailing opportunities and potential investment pockets.
  • The Porter’s five forces analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
  • The major countries in the region have been mapped according to their individual revenue contribution to the regional market.
  • The key drivers, restraints, & opportunities and their detailed impact analysis are explained in the study.
  • The profiles of key players and their key strategic developments are enlisted in the report.

Impact of COVID-19 on the global starch blended biodegradable polymer market

COVID-19 is an infectious disease that originated in Hubei province of the Wuhan city in China in late December. The highly contagious disease, caused by a virus, severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), is transmitted from humans to humans. Since the outbreak in December 2019, the disease has spread to almost 213 countries around the globe with the World Health Organization declaring it a public health emergency on March 11, 2020. 

Prior to COVID-19 breakdown, a large number of multinationals such as Danone, Coca-Cola and Nestlé promised to adopt biodegradable plastics under pressure from activists and consumers. However, after COVID-19 outbreak governments across different countries made several changes in their regulations regarding disposable and single-use plastics to prevent further spread of the virus. For instance, the State of Maine postponed its ban on plastic bags until January 2021, thus negatively impacting the market growth. In addition, supply chain disruptions due to irregular transport lead to increasing lead time of raw materials, such as corn starch, thus delaying the entire product process. For instance, according to a report by business standard, the corn starch consumption has reduced by 50% from 400,000 tons to 200,000 tons.

Starch-blended Biodegradable Polymer Market Report Highlights

Aspects Details
BY TYPE
  • BIODEGRADABLE STARCH
  • DURABLE STARCH
BY APPLICATION
  • FOOD PACKAGING
  • AGRICULTURE
  • MEDICAL
  • OTHERS
By Geography
  • NORTH AMERICA
    • US
    • CANADA
    • MEXICO
  • EUROPE
    • GERMANY
    • FRANCE
    • UK
    • ITALY
    • REST OF EUROPE
  • ASIA-PACIFIC
    • CHINA
    • JAPAN
    • INDIA
    • AUSTRALIA
    • KOREA
    • REST OF ASIA-PACIFIC
  • LAMEA
    • BRAZIL
    • SAUDI ARABIA
    • SOUTH AFRICA
    • REST OF LAMEA
Key Market Players NOVAMONT S.P.A., RODENBURG BIOPOLYMERS, NIHON CORNSTARCH CORPORATION, BIOGRADE, PLANTIC TECHNOLOGIES LIMITED, BASF SE, WUHAN HUALI ENVIRONMENTAL TECHNOLOGY CO., LTD., LACTEL ABSORBABLE POLYMERS, BALSON INDUSTRIES, TRYECO, LLC
 

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This section provides the insights of top-level CXOs. According to the CXOs, the starch-blended biodegradable polymer market is moving toward growth stabilization phase in its industry life cycle. The factors driving the growth of the market for starch-blended biodegradable polymer include rise in demand for packaging & bags, consumer durables, and agriculture & horticulture.

Biodegradable plastics are being more widely used in packaging and agriculture industries, and consumer preferences are evolving toward environmentally friendly polymers. Increased government emphasis on the use of biodegradable plastics are implementation of bans against the use of plastic bags and other plastic goods are likely to accelerate expansion of the starch-blended biodegradable plastic market.

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FREQUENTLY ASKED QUESTIONS?

A. Starch-based polymers are mostly made from maize, sugarcane, corn, and potato starch. The use of starch in polymer helps in reducing the impact of plastic in the environment. The starch market is gaining traction, due to the increasing consumption of corn Starch Blended Biodegradable Polymer in the packaging industry.

A. The market value of Starch Blended Biodegradable Polymer in the forecast period 2021 to 2030 is $3.4 Billion.

A. BASF SE, Corbion N.V., Danimer scientific, Green Dot Bioplastics, Inc., Kuraray Co., ltd., Mitsubishi Chemical Holdings, Novamont are players of the global Starch Blended Biodegradable Polymer Market

A. Packaging & bags, consumer durables industries are projected to increase the demand for Starch Blended Biodegradable Polymer Market

A. Application segment is covered in Starch Blended Biodegradable Polymer Market

A. The global starch blended biodegradable polymer market is currently being driven by the expanding applications of these polymers in various industries such as food, packaging, agriculture, etc.

A. Packaging & bags end-use industry is expected to drive the adoption of Starch Blended Biodegradable Polymer

A. One of the major challenges faced by the starch-based bioplastic film market is the competition for raw materials availability between various industries. Corn, wheat, and tapioca are the major source for the production of starch globally and is also used in various industries for different applications due to which the availability of these raw materials and its price for the production of starch acts as a major constraint on the market. 

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