Starch Blended Biodegradable Polymer Market to Reach 477,424 Tons By 2021

According to IMARC Group, the global starch blended biodegradable polymer market has grown at a CAGR of 16.3% during 2008-2015, reaching a volume of 250,493 Tons in 2015. Expanding applications across various industries along with continuously declining prices over the last few years have encouraged the growth of this market. Other demand driving factors include easy availability of starch, easy processing compared to other polymers and a positive environmental profile due to the use of sustainable resources.



IMARC Group’s new report titled “Starch Blended Biodegradable Polymer Market – Industry Trends, Prices, Manufacturing Process, Applications, Raw Materials, Manufacturers, Regional Breakup and Mass Balance” provides a thorough qualitative and quantitative analysis of the global starch blended biodegradable polymer market. These polymers are obtained either by blending starch with synthetic polymers or through chemical modifications. The starch based polymers represent the second largest category of biodegradable polymers after polylactic acid (PLA). They are also easy to process as compared to other polymers and have better physical and mechanical properties than pure plant based polymers. Lower price, easy availability of starch and a positive environmental profile due to the use of sustainable resources have made it a feasible alternative to polymers based on petrochemicals.

Owing to the aforementioned factors, the starch blended biodegradable polymer market has grown at a strong pace. Other factors such as continuously declining prices of these polymers which has made them more competitive as compared to synthetic polymers, shifting trends from petrochemical to bio-based products and expanding applications across various industries like packaging, agriculture, etc. have enabled the total consumption of starch blended biodegradable polymers to increase at a CAGR of 16.3% during 2008-2015, reaching a volume of 250,493 Tons in 2015. Looking forward, IMARC Group’s estimates suggest that the market is expected to grow at a CAGR of around 11% during 2016-2021, reaching a volume of 477,424 Tons by 2021.

The report has segmented the global starch blended biodegradable polymer market on the basis of end-use industries. Currently, Flexible Packaging represents the biggest end-use industry which offers the best growth potential in all the regions. It accounts for nearly 50% of the total market share, followed by the agriculture and horticulture industry, rigid packaging, consumer goods and construction.

The report further provides a market share analysis of the key regions. Western Europe represents the leading market accounting for nearly 70% of the total market share. The market in this region is primarily driven by regulations which include the Western European directives on packaging waste and landfill which focus towards recycling and composting of the packaging waste. Western Europe is followed by Asia Pacific and North America. The study has also analysed the competitive landscape of the market. Novamont is currently the world's largest starch blended biodegradable polymers manufacturer. Other key manufacturers include Rodenberg, Wuhan Huali Environment Protection Sci. & Tech, Plantic Technologies, Livan, BIOP, Biograde, Japan Corn Starch, Biotec and BASF.

This report, which provides a technical, analytical and statistical insight into the starch blended biodegradable polymer market, also covers an analytical study of volume trends, value trends, price trends, key success factors, key risk factors, feedstock market trends, import and export trends, manufacturing process, chemical reactions involved, raw material requirements, mass balance, conversion rate of feedstocks, etc. The study, which is based both on desk research and multiple waves of qualitative primary research, is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who are planning to foray into the starch blended biodegradable polymer industry in any manner.

 

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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

 

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