According to the latest report by IMARC Group, titled "Starch Blended Biodegradable Polymers Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025," the global starch blended biodegradable polymers market size reached US$ 825.1 Million in 2019. Starch blended biodegradable polymers are produced by processing starch, low-density polyethylene and ethylene-acrylic acid copolymer (EAA) in a mixture of water and glycerin. These polymers are produced via the process of physical blending or chemical modification. They are crystalline in nature and can be broken down into natural by-products, such as water, biomass, gases (CO2 and N2), and inorganic salts, upon the completion of their intended purpose. They are characterized by the biodegradable nature of starch and the physical properties of synthetic polymers. These eco-friendly polymers are also available at affordable prices due to which they are widely replacing petrochemical- and synthetic-based polymers across numerous industry verticals.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Starch Blended Biodegradable Polymer Market Trends:
The global market is primarily driven by significant growth in numerous end-use industries. Starch blended biodegradable polymers are extensively utilized in the food packaging sector due to their odorless, tasteless and non-toxic properties. They are utilized to manufacture edible films and other types of food packaging solutions, which assist in maintaining the freshness of the food product. The biodegradable nature of these polymers is acting as another major growth-inducing factor. In line with this, growing environmental consciousness has resulted in increasing uptake of green and sustainable products, which, in turn, is creating a positive outlook for the market of starch blended biodegradable polymers. Moreover, these polymers form an indispensable component in the agricultural sector where they are widely utilized as a covering for greenhouses and mulch film for improving the fertility and health of the soil. These polymers are also used to control the release of nutrients from fertilizers into the soil in an efficient manner. Apart from this, they are employed in the medical field for bone tissue engineering and drug delivery in the form of microspheres or hydrogel. The easy availability of starch and the affordable prices of these polymers is driving the market further. On account of the aforementioned factors, the market is anticipated to grow at a CAGR of 6.60% during 2020-2025.
- On the basis of the polymer type, the market has been bifurcated into biodegradable and durable starch.
- Based on the end-use, flexible packaging accounts for the majority of the total market share. Other major segments include agriculture and horticulture, rigid packaging, consumer goods, and others.
- On the geographical front, the market has been segregated into Western Europe, North America, Asia Pacific and others, wherein Western Europe holds the leading position in the market.
- The competitive landscape of the market has been studied in the report with the detailed profiles of the key players. Some of these players include Novamont SpA, Rodenberg Türsysteme AG, Guangzhou Zeesan Biotechnology Co. Ltd., Japan Cornstarch Corporation, Plantic Technologies Limited, DuPont de Nemours, Inc., BASF SE, DURECT Corporation, Balson Industries, and Tryeco 2.0. Srl.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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.
Follow us on twitter: @imarcglobal