The Global Starch Based Bioplastics Films Market size is forecast to reach around $300 million by 2025, after growing at a CAGR of 5% during 2020-2025. The growing use of starch as a filler in plastic films to improve the biodegradability of plastic films and rise in demand for biodegradable packaging materials from developed and developing regions drive the growth of Starch Based Bioplastics Films market share during the forecast period. Whereas, the use of starch based bioplastic films offers various benefits such as high resistance to moisture transfer from the food to the atmosphere, less environmental impact as compared to the traditional plastic films and widely used thermoplastic starch also contribute to the growth of global Starch Based Bioplastics Films market size over the study period.
The report: “Global Starch Based Bioplastics Films Market – Forecast (2020-2025)”, by Industry ARC, covers an in-depth analysis of the following segments of the Global Starch Based Bioplastics Films Industry.
By Technology: Blow Molding, Extrusion, Injection Molding, and Others
By Type: Starch Blended with PLA, Starch Blended with PHA, and Others
By Application: Agriculture and Horticulture, Automotive and Transportation, Packaging, Food and Beverage, Building and Construction, Electrical & Electronics, Textile, and Others
By Geography: North America, South America, Europe, APAC, and RoW
- In the Latin America region, in 2019, Brazil is the major market for the Starch Based Bioplastics Films owing to rise in the purchasing power of consumers, growing consumer packaged goods market, and rise in corn, wheat, and sugarcane production and consumption across the country.
- E-commerce sector is also considered as a key factor contributing to the growth of starch based bioplastic films market globally.
- Fluctuation in international oil prices tend to force companies to search for an alternative stable source of the raw material for films, which further provide lucrative opportunities for the growth of the Starch Based Bioplastics Films industry.
- Evolution of the natural and environment-friendly bioplastic films in the packaging sector for food packaging, cosmetics packaging, and pharmaceuticals packaging is driving the growth.
Technology - Segment Analysis
The injection molding segment is projected to witness the highest CAGR of 6.5% during the forecast period. In the injection molding process, large bioplastic moldings can be inexpensively manufactured in large quantities for direct usage. Furthermore, the growing complexity of technical bioplastic moldings drives the demand for a multi-component injection molding process, which in turn propels the growth of this segment. As the bio-based polyesters (PLA) and PHB as well as the cellulose esters are cohesively combined in multi-component parts for forming a better-quality bioplastic film.
Type - Segment Analysis
The starch blended with PLA segment hold the highest share of more than 50% in the global Starch Based Bioplastics Films market in 2019 and is projected to grow at a significant rate during the forecast period. This growth is attributed to growing uses of starch blended with PLA based bioplastic films across automotive, electronics, and agriculture applications. The use of starch blended with PLA based bioplastic films offer various benefits such as package integrity, non-reactive with content, Impermeable, Versatile, and having high tensile strength along with 100% biodegradable and compostable. Due to these benefits the starch-based Bioplastics are widely employed in the various industries because of their biocompatibility, low toxicity, oxygen barrier, water vapor barrier, degradation properties, and mechanical properties.
Application - Segment Analysis
The packaging segment held the highest share of more than 30% in the global Starch Based Bioplastics Films market in 2019 due to growing uses of consumer products such as cups, bottles, and bags which can be disposed of efficiently. The massive amounts of packaging ending up in landfill and unsustainable packaging product is a highly noticeable environmental issue. To curb an environmental issue the demand for bioplastic products is growing from the packaging industry. Additionally, the growing demand for starch based bioplastic flexible films from the packaging industry propels the growth of this segment during the forecast period. The flexible films offer enhanced print and adhesion characteristics, enabling excellent print quality as well as lamination at high speeds.
Geography - Segment Analysis
Among the regions, the APAC region holds the largest share of more than 35% in 2019 and is projected to witness the highest CAGR of around 7% in the global Starch Based Bioplastics Films market followed by North America and Europe during the forecast period. The growing economies of Southeast Asian countries, growing disposable income, and rise in population propels the growth of this market in APAC region. Furthermore, the growing demand for eco-friendly alternatives for traditional plastics from emerging nations like China and India drives the growth of starch based Bioplastic film market during the forecast period. Whereas, in China and India, the largest application for bioplastic films is packaging due to growing uses of bottles, loose-fill, cups, pots, and blows from both residential and commercial sectors.
Drivers – Starch Based Bioplastics Films Market
- Rising trend of clean label starch products
In order to sustain in the market, the key companies operating in this market are developing clean label starch-based products. These products are being manufactured using corn and potato starch which is popularly consumed by the consumers across various industry verticals. The corn-starch based polymer can be blended in small quantities with bioplastic films to produce a stiffer, stronger film without affecting biodegradability, compostability, or printability. Besides, according to EN 13432, ASTM D6400 and Vincotte OK compost, the films made from starch based bioplastic material are 100% biodegradable and compostable. For instance, in 2018, Ingredion launched new certified organic additions NOVATION PRIMA 309 and 609 organic functional native starches in the U.S. and Canada. This has created more demand for corn starch labels in the food and beverage industry.
- Growing Usage of starch based Bioplastics films in the Packaging Industry
A bioplastic film is a plastic component that is purely made or partly from materials derived from biological sources like sugarcane, potato starch, or the cellulose from trees and straw. The starch market is gaining traction, due to the increasing consumption of corn starch based Bioplastics films in the packaging industry. Corn starch is widely used in the packaging industry with a polylactic acid which is made using sugar, usually from cornstarch that helps in maintaining consistency of plastic. Plastics made up of corn starch are recyclable, biodegradable, environment-friendly, and compostable. Regions such as South Africa have already banned environment polluting thin plastic shopping bags. Furthermore, growing environmental awareness among the consumers and the companies operating in this market has led to the growth of starch-based packaging materials. With corn starch being its main ingredient for production, it is making reducing the impact of plastic in the environment. Owing to these factors, the starch based Bioplastics film market is expected to have substantial growth during the forecast period.
Challenges – Starch Based Bioplastics Films Market
- Lack of availability of the raw material and impact of COVID-19 the Pandemic
One of the major challenges faced by the starch based bioplastic films market is the competition for raw materials availability between various industries. Corn, wheat, and tapioca are the major source for the production of starch globally and is also used in various industries for different applications due to which the availability of these raw materials and its price for the production of starch acts as a major constraint on the market. Furthermore, the dynamic natures of climate and geological factors, unstable economic conditions, and political factors are impacting the production of raw materials like corn, wheat, tapioca, and others that make it a volatile factor. This volatility in raw material prices negatively impacts the global starch based bioplastic films. Besides, the global outbreak of COVID-19 the pandemic has led to a sudden pause to various manufacturing activities worldwide. This decline in manufacturing also restraining the growth of this market during the forecast period.
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Starch Based Bioplastics Films market report. In 2019, the market of Starch Based Bioplastics Films top 10 companies accounting for xx% of the share. Major players in the Starch Based Bioplastics Films Market industry outlook are Biopolymer International, Solanyl Biopolymers, HARBEC, Inc., Biobag International, Cardia Bioplastics, Toray Industries, Braskem S.A Tagleef Industries, Meredian Holdings Group Inc., NatureWorks LLC, Corbion NV, Metabolix, Inc., Biome Bioplastics, Innovia Films, Greenhome, Novamont S.P.A, NatureWorks LLC, and Corbion, BASF SE, Danimer Scientific, among others.
- In November 2019, Indian Institute of Food Processing Technology, Thanjavur developed a bioplastic film from corn starch granules The blown tubular film extrusion method has used for the production of bioplastic films which has a great potential to replace poly film usage in the food industry. This new product was introduced by the at an event organized by the Associated Chambers of Commerce and Industry of India in New Delhi with support from the Ministry of Food Processing Industries.