According to the latest report by IMARC Group, titled “Starch Blended Biodegradable Polymer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” the global starch blended biodegradable polymer market size reached US$ 1,029 Million in 2022. Starch blended biodegradable polymers are innovative and sustainable materials made by blending starch, a natural carbohydrate, with other biodegradable polymers. They are designed to address the growing concerns over plastic waste and its environmental impact. These polymers are derived from various sources, such as corn, potatoes, or tapioca, with synthetic biodegradable polymers. Starch blended biodegradable polymers offer several advantages, including reduced carbon footprint, decreased reliance on fossil fuels, and minimized waste accumulation. As a result, they find extensive applications across various industries, including packaging, agriculture, and consumer goods, as businesses strive to embrace eco-friendly solutions and align with sustainable practices.
Global Starch Blended Biodegradable Polymer Market Trends:
The growing concerns regarding plastic pollution and its adverse environmental impact are major factors contributing to the market growth. Additionally, the increasing government regulations and consumer awareness about sustainable practices have prompted businesses to seek alternative materials, which is positively impacting the market growth. In addition to this, the implementation of various government initiatives to impose bans or restrictions on single-use plastics and promote environmentally friendly alternatives is positively influencing the market growth. Moreover, the widespread application of starch-blended biodegradable polymers in the agricultural sector, due to the product’s potential to reduce soil pollution and enhance sustainability in farming practices, is supporting the market growth. Furthermore, the sudden shift towards eco-friendly and biodegradable product packaging in the consumer goods industry as manufacturers are exploring sustainable packaging solutions for various applications, including cosmetic packaging, personal care products, and household goods, is contributing to the market growth. Besides this, the development of advanced starch blended biodegradable polymers with improved properties, such as enhanced strength, flexibility, and thermal stability, is fueling the market growth. Other factors, including researchers and manufacturers, are investing in research and development (R&D) activities to optimize the performance of these biodegradable polymers, making them suitable for a wider range of applications, which in turn, is providing remunerative growth opportunities. Looking forward, the market value is projected to reach US$ 1,527 Million by 2028, expanding at a CAGR of 6.7% during 2023-2028.
- Based on the polymer type, the market has been bifurcated into biodegradable starch and durable starch. According to the report, biodegradable starch represents the largest segment.
- On the basis of the end-use, the market has been divided into flexible packaging, agriculture and horticulture, rigid packaging, consumer goods, and others. Among these, flexible packaging accounts for the largest market share.
- Region-wise, the market has been segmented into Western Europe, North America, Asia Pacific, and others. Amongst these, Western Europe is the leading market, accounting for the majority of the global share.
- The competitive landscape of the market has also been examined, with some of the key players being Novamont S.p.A., Rodenberg, Wuhan Huali, Nihon Cornstarch Corporation, Plantic Technologies, DuPont, BASF, Lactel Absorbable Polymers, Balson Industries and Tryeco.
|Base Year of the Analysis
|Scope of the Report
||Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment:
- Polymer Type
- End Use
|Polymer Types Covered
||Biodegradable Starch, Durable Starch
|End Uses Covered
||Flexible Packaging, Agriculture and Horticulture, Rigid Packaging, Consumer Goods, Others
||Western Europe, North America, Asia Pacific, Others
||Novamont S.p.A., Rodenberg, Wuhan Huali, Nihon Cornstarch Corporation, Plantic Technologies, DuPont, BASF, Lactel Absorbable Polymers, Balson Industries, and Tryeco
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