Starch-based Bioplastics Market - Forecast(2023 - 2028)

Report Code: CMR 28996 Report Format: PDF + Excel

Starch-based Bioplastics Market Overview

The Starch-based Bioplastics Market size is estimated to reach US$2.9 billion by 2027 after growing at a CAGR of 9.8% during the forecast period 2022-2027. Starch-based bioplastics are the complex blend of starch, chitosan & cellulose with natural biopolymers such as polylactic acid and polyhydroxybutyrate. The high versatility, strength and mechanical properties of such bioplastics are driving their demand for packaging and various other industrial applications in the food & beverages, automotive and construction sectors, thereby influencing the starch-based bioplastics market. Factors such as government regulations on conventional plastic usage, bolstering growth in the automotive sector and growing construction activities are driving the growth of the starch-based bioplastics industry. However, the complex manufacturing process of such plastics is anticipated to pose a challenge to the market growth, which might negatively affect the starch-based bioplastics market size. The COVID-19 pandemic caused the shutdown of various manufacturing sites and factories in major end-users of starch-based bioplastics such as automotive, food & beverage and personal care sectors resulting in a decrease in market demand for such bioplastics. This also negatively impacted the Starch-based Bioplastics industry outlook.

Starch-based Bioplastics Market Report Coverage

The “Starch-based Bioplastics Market Report – Forecast (2022-2027)” by IndustryARC, covers an in-depth analysis of the following segments in the Starch-based Bioplastics Market.

By Type – Starch blended Polylactic Acid, Starch blended Polyhydroxybutyrate and Others.
By Technology – Injection Molding, Blow Molding, Extrusion and Others.
By Application – Packaging Materials (Bottles, Bags and Others), Mats & Carpets, Seats, Orthopedics Devices, Tissue Engineering, Concrete, Mortar and Others.
By End-use Industry – Food & Beverages (Fruits & Vegetable, Dairy Items, Beverages and Others), Automotive [Passenger Vehicles (PV), Light Commercial Vehicles (LCV) and Heavy Commercial Vehicles (HCV)], Building & Construction (Residential, Commercial, Industrial and Infrastructural), Medical & Healthcare, Cosmetics & Personal Care and Others.
By Geography - North America (the USA, Canada and Mexico), Europe (the UK, Germany, France, Italy, the Netherlands, Spain, Belgium and the Rest of Europe), Asia-pacific (China, India, Japan, South Korea, Australia, New Zealand, Indonesia, Taiwan, Malaysia and the Rest of APAC), South America (Brazil, Argentina, Colombia, Chile and the Rest of South America) and the Rest of the World (the Middle East and Africa).

Key Takeaways

  • Asia-pacific dominates the Starch-based Bioplastics industry owing to the rapid consumption of food items and growing automotive production in the region which is driving the demand for Starch-based Bioplastics in the region.
  • Regulations on the usage of conventional plastics to tackle pollution issues have provided more scope for Starch-based Bioplastics to be used as an effective alternative for packaging applications in the food & beverages sector.
  • Growing demand for new cars has increased the automotive production scale. This has created a surge in the demand and usage of Starch-based Bioplastics for seats, mats & carpets applications, thereby having a significant influence on the Starch-based Bioplastics industry outlook.
  • The complex nature of manufacturing Starch-based Bioplastics can hamper the production scale of such plastics, thereby negatively impacting the Starch-based Bioplastics market size during the forecast period.

Figure: Starc-based Bioplastics Market Revenue Share, by Geography, 2021 (%)

Starch-based Bioplastics Market

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Starch-based Bioplastics Market Segment Analysis – by Type

Starch blended Polylactic Acid held the largest share in the Starch-based Bioplastics market share in 2021 and is projected to grow at a CAGR of 9.9% during the forecast period 2022-2027. Biopolymers such as polylactic acid, starch, cellulose and chitosan are complementary to each other and share the same mechanical properties. The addition of polylactic acid to a mixture of starch and cellulose provides tensile strength to the end bioplastic products, makes them more durable and also provides heat resistance ability. The inexpensive and high-performance nature of biopolymers like polylactic acid is driving the demand for making starch-based bioplastics, which is contributing to the segment growth of the starch blended polylactic acid during the forecast period. These factors are, thereby, having a significant influence on the market.

Starch-based Bioplastic Market Segment Analysis – by End-use Industry

The food & beverages sector held the largest Starch-based Bioplastics market share in 2021 and is projected to grow at a CAGR of 10.3% during the forecast period 2022-2027. Starch-based bioplastics consisting of cellulose and chitosan are renewable and provide better food preservation due to which such bioplastics have high applicability in the food & beverages sector for packaging food items. Food consumption has grown significantly over the years increasing retail sales of food items. According to the US Census Bureau, in September 2021, grocery retail sales increased by 7.5% in the country. Also, according to the Ministry of Industry and Information Technology, in 2021, retail sales of dairy products and frozen meats increased by 9% in China, while fruit and vegetable sales increased by 7%. Furthermore, according to Brazilian Supermarket Association, in July 2021, the retail sales of food items in Brazilian supermarkets increased by 21% in comparison with 2019 sales. With the growing sale of food items, the demand for Starch-based Bioplastics for packaging applications is anticipated to rise which is projected to boost the market growth in the food & beverages sector.

Starch-based Bioplastic Market Segment Analysis – by Geography

Asia-pacific held the largest share in the Starch-based Bioplastics market share of up to 41% in 2021. The high applicability of starch-based bioplastics in the food & beverages sector for packaging applications as well as in the automotive sector for seats & carpets is creating a drive in its demand and market growth. Rapid development in these sectors on account of growing demand has resulted in an increase in consumption as well as production scales of such sectors. According to the National Bureau of Statistics, in the first four months of 2022, groceries sales in China supermarkets increased by 2.4%. According to the survey conducted by the Retailers Association of India in 2021, the sales of food & grocery items increased by 28% in the country. Furthermore, according to the International Organization of Motor Vehicles Manufacturers, in 2021, automotive production in Asia-pacific increased by 6% in comparison to 2020. An increase in food retail sales and automotive production has accelerated the demand for starch-based bioplastics for packaging applications in the food & beverages sector and seats & carpets applications in the automotive sector, thereby positively impacting the Starch-based Bioplastics market growth. 

Starch-based Bioplastics Market Drivers

Stringent Regulations on Conventional Plastic Usage:

Conventional petroleum-based plastics have high carbon content due to which they are harder to get properly decomposed and their incineration causes air pollution. Usage of such plastics for food packaging can cause food contamination, leading to various health hazards. Certain regulations have been imposed by the governing bodies to prevent the usage of conventional plastics such as single-use plastics. According to the Plastic Waste Management Amendment Rules, 2021, implemented by the Ministry of Environment, Forest and Climate Change, single-use plastic would be prohibited in India by 2022. According to the National Conference of State Legislature, in 2019, Senate Bill 1508 passed in New York exempted the use of single-use plastic bags provided by groceries stores. Such regulations would accelerate the usage of Starch-based Bioplastics for packaging applications, thereby boosting the growth of the Starch-based Bioplastics industry during the forecast period.

Bolstering growth in the Automotive Sector:

Starch blend polylactic acid, having high tensile strength and improved durability, is used in the automotive sector for seats, mats & carpets applications. Due to rapid urbanization, technological upgradation and growing investment inflows, automotive production has shown a significant increase. According to the International Organization of Motor Vehicles Manufacturers, in 2021, global automotive production stood at 80.1 million units, showing a 3% increase in comparison to 2020. Furthermore, automotive production at the regional level also showed a significant increase. According to the same data, automotive production in South America increased by 18% more than the corresponding year. Such an increase in automotive production has provided major scope for starch-based bioplastics for seats, mats & carpets applications in the automotive sector, thereby positively impacting the growth of the Starch-based Bioplastics industry during the forecast period.

Starch-Based Bioplastics Market Challenge

Complexities in Manufacturing:

Starch-based Bioplastics are completely biodegradable and environmentally friendly. However, manufacturing such plastics involves certain requirements. For instance, the additives used in manufacturing starch-based bioplastics need to be compostable and renewable to make the plastics more durable. Also, starch-based bioplastics have the disadvantages of hydrophilicity, low water vapor barrier property and low freeze stability due to which several procedures are employed to improve the molecular structure of starch. Such requirements lead to complexities in the starch-based bioplastics manufacturing process, which is anticipated to pose a major challenge in the growth of the starch-based bioplastics market, thereby negatively impacting the Starch-based Bioplastics market size during the forecast period.

Starch-based Bioplastics Industry Outlook

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Starch-based Bioplastics market. The top 10 companies in the Starch-based Bioplastics market are:

  1. BASF SE
  2. Biome Bioplastics Limited
  3. Cardia Bioplastics Ltd.
  4. Corbion N.V
  5. Innovia Films Limited
  6. Natureworks LLC
  7. Novamont SPA
  8. Comitatvs
  9. Yield10 Bioscience Inc.
  10. Toray Industries Inc.

Recent Developments

  • In June 2022, TotalEnergies launched compostable polylactic acid bioplastics to replace conventional plastics in food packaging applications, thereby establishing its presence in sustainable packaging materials.
  • In January 2022, Natureworks LLC selected Sulzer’s customized state-of-art production technology for manufacturing its polylactic bioplastics which would be used in compostable food packaging applications.
  • In January 2021, Novamont acquired starch-based bioplastic manufacturer Biobag International Inc. and such an acquisition would strengthen the company’s presence in making compostable Starch-based Bioplastics for waste collection and packaging applications.

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1. Starch-based Bioplastics Market - Market Overview
    1.1 Definitions and Scope
2. Starch-based Bioplastics Market - Executive Summary
    2.1 Key Trends by Type
    2.2 Key Trends by Technology
    2.3 Key Trends by Application
    2.4 Key Trends by End-use Industry
    2.5 Key Trends by Geography
3. Starch-based Bioplastics Market – Comparative analysis
    3.1 Market Share Analysis - Major Companies
    3.2 Product Benchmarking - Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis - Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Starch-based Bioplastics Market - Startup companies Scenario Premium Premium 
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Starch-based Bioplastics Market – Industry Market Entry Scenario Premium Premium 
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. Starch-based Bioplastics Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porter's Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes
7. Starch-based Bioplastics Market – Strategic Analysis
    7.1 Value/Supply Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. Starch-based Bioplastics Market – by Type (Market Size – US$ Million/Billion)
    8.1 Starch blended Polylactic Acid (PLA)
    8.2 Starch blended Polyhydroxybutyrate (PHB)
    8.3 Others
9. Starch-based Bioplastics Market – by Technology (Market Size - US$ Million/Billion)
    9.1 Injection Molding
    9.2 Blow Molding
    9.3 Extrusion
    9.4 Others
10. Starch-based Bioplastics Market – by Application (Market Size - US$ Million/Billion)
    10.1 Packaging Materials
        10.1.1 Bottles
        10.1.2 Bags
        10.1.3 Others
    10.2 Mats & Carpets
    10.3 Seats
    10.4 Orthopedics Device
    10.5 Tissue Engineering
    10.6 Concrete
    10.7 Mortar
    10.8 Others
11. Starch-based Bioplastics Market - by End-use Industry (Market Size - US$ Million/Billion)
    11.1 Food & Beverage
        11.1.1 Fruits & Vegetables
        11.1.2 Dairy Items
        11.1.3 Beverages
        11.1.4 Others
    11.2 Automotive
        11.2.1 Passenger Vehicles (PV)
        11.2.2 Light Commercial Vehicles (LCV)
        11.2.3 Heavy Commercial Vehicles (HCV)
    11.3 Building & Construction
        11.3.1 Residential
        11.3.2 Commercial
        11.3.3 Industrial
        11.3.4 Infrastructural
    11.4 Medical & Healthcare
    11.5 Cosmetics & Personal Care
    11.6 Others
12. Starch-based Bioplastics Market - by Geography (Market Size - US$ Million/Billion)
    12.1 North America
        12.1.1 The USA
        12.1.2 Canada
        12.1.3 Mexico
    12.2 Europe
        12.2.1 The UK
        12.2.2 Germany
        12.2.3 France
        12.2.4 Italy
        12.2.5 The Netherlands
        12.2.6 Spain
        12.2.7 Belgium
        12.2.8 The Rest of Europe
    12.3 Asia-pacific
        12.3.1 China
        12.3.2 Japan
        12.3.3 India
        12.3.4 South Korea
        12.3.5 Australia and New Zeeland
        12.3.6 Indonesia
        12.3.7 Taiwan
        12.3.8 Malaysia
        12.3.9 The Rest of APAC
    12.4 South America
        12.4.1 Brazil
        12.4.2 Argentina
        12.4.3 Colombia
        12.4.4 Chile
        12.4.5 The Rest of South America
    12.5 The Rest of the World
        12.5.1 The Middle East
   Saudi Arabia
   The UAE
   The Rest of the Middle East
        12.5.2 Africa
   South Africa
   The Rest of Africa
13. Starch-based Bioplastics Market – Entropy
    13.1 New Product Launches
    13.2 M&As, Collaborations, JVs and Partnerships
14. Starch-based Bioplastics Market – Industry/Competition Segment Analysis Premium 
    14.1 Company Benchmarking Matrix – Major Companies
    14.2 Market Share at Global Level - Major companies
    14.3 Market Share by Key Region - Major companies
    14.4 Market Share by Key Country - Major companies
    14.5 Market Share by Key Application - Major companies
    14.6 Market Share by Key Product Type/Product category - Major companies
15. Starch-based Bioplastics Market – Key Company List by Country Premium Premium 
16. Starch-based Bioplastics Market Company Analysis - Business Overview, Product Portfolio, Financials and Developments
    16.1 Company 1
    16.2 Company 2
    16.3 Company 3
    16.4 Company 4
    16.5 Company 5
    16.6 Company 6
    16.7 Company 7
    16.8 Company 8
    16.9 Company 9
    16.10 Company 10 and more
* "Financials would be provided to private companies on best-efforts basis."
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