Global Starch Blends Biodegradable Plastic Market – Industry Trends and Forecast to 2029

Global Starch Blends Biodegradable Plastic Market, By Type (PLA, Biodegradable Polyesters, PHA, Others), Technology (Blow Molding, Extrusion, Injection Molding, Others), End Use Industry (Packaging and Bags, Consumer Goods, Agriculture and Horticulture, Textile, Others) – Industry Trends and Forecast to 2029

Market Analysis and Size

There has been growing concern about plastic pollution and the other negative effects of traditional plastic across the globe. According to a report published by the Center for International Environmental Law (CIEL), the manufacture and incineration of plastic produced over 850 million metric tonnes of greenhouse emissions in 2019. As a result the demand for biodegradable plastic will accelerate across the globe. Therefore, starch mix biodegradable plastic industry is projected to witness an increased demand.

Global Starch Blends Biodegradable Plastic Market was valued at USD 1.67 billion in 2021 and is expected to reach USD 3.89 billion by 2029, registering a CAGR of 11.16% during the forecast period of 2022-2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.

Market Definition

Starch-blended biodegradable polymers are basically formed by combining starch and synthetic polymers. The second most popular form of biodegradable polymer is starch-based polymers. These polymers are crystalline in nature, extremely simple to make, and can include anywhere from 10% to over 90% starch. Because of its cheaper cost and wider availability, as well as its ecologically benign character, starch-based biodegradable polymers have gained a lot of traction in recent years as a viable alternative to petrochemical-based polymers.

Report Scope and Market Segmentation

Starch Blends Biodegradable Plastic Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

• High Demand Across End Users

The growing usage in the food and beverage industry, as well as rising demand for more environmentally friendly plastic items, will boost the market growth over the projected period. Increasing the use of biodegradable plastics in packaging, shifting customer preferences toward environmentally friendly plastic items is expected to carve a way for the growth of the market.

• Increased Emphasis of Eco-Friendly Plastics

The starch blends biodegradable plastic market is likely to be driven by a growing emphasis on eco-friendly plastics over forecasted time period. The use of plastic and its environmental consequences have been gaining popularity around the world. Several groups and governments have taken steps around the world to minimize the use of non-biodegradable plastic in the sake of a more sustainable future.

• Negative Effect of Traditional Plastics

The presence of several toxic chemical elements in traditional plastic makes it non-decomposable, limiting its use in a variety of end-use applications. Harmful chemicals impair the environment, living beings, and human health. Micro plastics are now posing a greater hazard to land-based plants and animals, including humans. As a result of the growing concern about plastic pollution, demand for biodegradable plastic products is on the rise all over the world. Therefore, starch mix biodegradable plastic industry will witness an increased demand.

The shifting consumer preference towards environment-friendly plastic products will further propel the growth rate of starch blends biodegradable plastic market. Additionally, the increasing income of people in developing economies will also drive market value growth. The expansion of the packaging industry is also projected to bolster the growth of the market.

Opportunities

• Regulations and Awareness

Furthermore, the rising regulations and bans against the use of plastic bags and other plastic items extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, the growing environmental awareness among the consumers about the benefits of starch blends biodegradable plastic will further expand the future growth of the starch blends biodegradable plastic market.

Restraints/Challenges

• High Costs

The high cost of the material has an adverse impact on the market for starch blends biodegradable plastic. The market for starch-based bioplastic films is more expensive than other polymers, and it is influenced by rivalry for raw resources among other sectors. Corn, tapioca, and wheat are the most common sources of starch. They are also employed in a variety of sectors for various purposes, posing a difficulty in terms of raw material availability and pricing for starch manufacturing. As a result, raw material price volatility will have a detrimental influence on the starch mix biodegradable plastic industry.

• Negative Impact of COVID-19

With the rising number of restrictions around the globe due to pandemic, there has been a hit in the demand and supply. Also, the pause in various manufacturing activities worldwide will prove to be a demerit for the starch blends biodegradable plastic market. Therefore, the negative impact of the pandemic will pose as a major challenge for the starch blends biodegradable plastic market growth rate.

This starch blends biodegradable plastic market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the starch blends biodegradable plastic market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Starch Blends Biodegradable Plastic Market

Coronavirus had an adverse impact on the starch blends biodegradable plastic market as market witnessed the scarcity of raw materials and lower industrial demand. Moreover, the substantial interruptions in various manufacturing and supply-chain processes caused by various precautionary lockdowns imposed by governments to stop the spread of disease resulted in a massive financial loss for the market. As a result, worldwide production has been hampered by halts and supply chain disruption. Following the epidemic, governments continued to apply different restrictions, such as working with half the workforce and fewer operational hours, which hampered the market's production cycle. As a result, there is decreased demand from the packaging, textile, and agriculture industries, resulting in losses.

However, following the pandemic, the market is projected to recover, with sectors striving to operate at higher output rates in order to recover from the included losses. The suspended and cancelled operations will continue and as a result the market is estimated to expand.

Global Starch Blends Biodegradable Plastic Market Scope

The starch blends biodegradable plastic market is segmented on the basis of type, technology and end use industry. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• PLA
• Biodegradable Polyesters
• PHA
• Others

Technology

• Blow Molding
• Extrusion
• Injection Molding
• Others

End Use Industry

• Packaging and Bags
• Consumer Goods
• Agriculture and Horticulture
• Textile
• Others

Starch Blends Biodegradable Plastic Market Regional Analysis/Insights

The starch blends biodegradable plastic market is analyzed and market size insights and trends are provided by country, type, technology and end use industry as referenced above.

The countries covered in the starch blends biodegradable plastic market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific dominates the starch blends biodegradable plastic market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the easy availability of raw materials used to manufacture biodegradable plastics, growing disposable income and rise in population. Moreover, the growing demand for eco-friendly alternatives for traditional plastics from emerging nations like China and India also boosts market growth.

North America on the other hand, is estimated to show lucrative growth over the forecast period of 2022 to 2029, due to the shifting consumer preference towards environment-friendly plastic products within the region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Starch Blends Biodegradable Plastic Market Share Analysis

The starch blends biodegradable plastic market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to starch blends biodegradable plastic market.

Some of the major players operating in the starch blends biodegradable plastic market are

• Dow (U.S.)
• NatureWorks LLC (U.S.)
• Braskem (Brazil)
• BASF SE (Germany)
• TotalEnergies Corbion bv (Netherlands)
• Novamont SpA (Italy)
• Biome Bioplastics (UK)
• PTT Global Chemical Public Company Limited (Thailand)
• Mitsubishi Chemical Holding Corporation (Japan)
• Biotec (Germany)
• Mapei S.p.A (Italy)
• SOLVAY (Belgium)
• DAIKIN (Japan)
• Toray Industries, Inc., (Japan)
• KURARAY CO., LTD. (Japan)
• Dupont (U.S.)
• Plantic (Australia)