Global Starch Based Bio-Plastic Market Size was valued nearly USD 467 million by 2017 and is estimated to reach up to USD xx.xx million by 2025. According to latest study conducted by our analysts and industry experts, the global market is expected to grow at a CAGR of 3.7% during the forecast period that is 2017-2025.

Global Starch Based Bio-Plastic Market Size, Share Analysis, By Region 2017

Starch based bio-plastic are manufactured by the usage of various renewable sources such as wood, potatoes, corn, and others. The growth of starch based bio-plastic market will ensure the decrease in usage of synthetic or petroleum based plastics, along with controlling waste, as they provide similar benefits in comparison to traditional plastics. The starch based bio-plastics market is expected to propel during the forecast period due to its growing demand as packaging material in various segments such as loose-fill foam, laminated paper, baby diapers, trash bags, egg cartons, toys, in agricultural tools such as planters, and others.

According to United States Department of Agriculture (USDA), in 2016, the United States has produced over 300 million tons of waste, and approximately 11% of the waste were directly from plastics and other plastics composites. Thus, according to the U.S. Environmental Protection Agency (EPA), the use of bio based plastics is in various end-use industry is expected to slow down the growth of unrenewable plastics. For instance, the U.S. Environmental Protection Agency (EPA), mandated the use of mulch films which are made from starch based bio-plastic in agriculture and horticulture, which helps to prevent the soil from erosion and loss of humus, keeping the carbon content stable.

The starch based bio-plastic market is also anticipated to rise owing to rising demand in consumer goods, beverages and food items, coupled with the rise in ready-to-eat meals and bottled beverages such as fruit juices and carbonated drinks. According to the Food and Drugs Administration (FDA), one-third of U.S. consumers spends US$ 167 billion a year on food, drinks and personal care products which are consumer packaged products. Some of the companies which are in regular use of starch based bio-plastic are Coca-Cola, Levissima - Nestle Waters, and others. Thus, the packaging of contained products is expected to boost the starch based bio-plastic market, coupled with the reduction of waste disposable as starch based plastics are renewable and biodegradable in nature.

Starch Based Bio-Plastic: The Sustainable Future

Starch is used in numerous green materials, which are available in the form of polysaccharides, which are extracted from various sources such as wheat, pea, corn, potato, rice, tapioca, and others. The starch based bio-plastic market is expected to grow due to increasing demand for starch blends with compostable plastics such as PBAT, PLA, PBS, PHA, and PCL among others. The starch blends improves the mechanical properties, water resistance of the films, and processing properties. Thus, the starch based bio-plastic market is anticipated to flourish due to its dominance as compostable and bio-based material in various application such as films for food packaging, in food containers such as cups, egg trays, plates, bowls, and others.

According to the European Bio-plastics Organization, in 2017, the production capacity of bio-plastics was accounted to be 2.05 million tons, while starch based bio-plastic had a major share of 38% followed by cellulose based bio-plastics. The, starch based bio-plastic market is expected to be hampered due to its higher price than cellulose based, as cellulose could be found in every part of a plant and are in-expensive to extract and compromises of the same glucose monomer units like starch. Thus, the starch based bio-plastic market is likely to be affected with its substitute such as cellulose, lignin, and others.

Regional Analysis

The starch based bio-plastic market is anticipated to be dominated by Europe followed by Asia Pacific and North America. Europe is expected to dominate the market due to its growing application into end-use industries such as electronics, pharmaceuticals, and others. The non-toxicity, improved biocompatibility, mechanical and degradation properties of starch based bio-plastic has helped it to enter biomedical as it is analogous to LDPE (low-density polyethylene) which are widely used in biomedical devices such as catheter, infusion pump, syringe, pulse oximeter, medical gloves, glucose meter, and others. According to the International Trade Administration, in 2017, Germany followed by Netherlands, Belgium stands as the top countries on use biomedical devices, with a market size of US$ 33.8 billion for Germany in 2017, the starch based bio-plastic market is expected to propel with its vast application areas in biomedical devices, pharmaceuticals, and others.

Global Starch Based Bio-Plastic Market Study Objective

1. To forecast the market size of starch based bio-plastic market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

2. Market analysis and forecast of starch based bio-plastic market on the basis of region, substrate and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

3. To analyze and elaborate significant factors that will have major impact on the growth of starch based bio-plastic market, such as drivers, restraints, challenges and opportunities.

4. Regional analysis of starch based bio-plastic market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa and Asia Pacific.

5. Strategic analysis of micromarkets, in terms of individual prospects, opportunities, growth trends and their involvement in overall market.

6. To provide detailed analysis of competitive and strategic developments in the starch based bio-plastic market like new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

Key Players Landscape  

Various innovations towards the rising use of starch based bio-plastic is expected to boost the market. For instance, Green Dot Bioplastics LLC, has manufactured mobile phone cases which are used for cell phone packaging, and are composed of starch based plastic. Major players for starch based bio-plastic market include NatureWorks LLC, Metabolix, Inc., Corbion NV, Meredian Holdings Group Inc., and HARBEC, Inc among others.

Global Starch Based Bio-Plastic Market Study Report Offer You!

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