Starch Blended Biodegradable Polymer Market - Forecast(2022 - 2027)

Report Code: CMR 24805 Report Format: PDF + Excel
The Global Starch Blended Biodegradable Polymer Market size is forecast to reach around $1000 million by 2025, after growing at a CAGR of 15% during 2020-2025. The growing use of starch as a filler in polymers to improve the biodegradability of polymer-based products and rise in demand for biodegradable packaging materials from developed and developing regions drive the growth of Starch Blended Biodegradable Polymer market share during the forecast period. Whereas, the growing interest in renewable feedstock and biopolymers among the consumers have led to the development of several alternatives to traditional plastics that in turn drives the demand for Starch Blended Biodegradable Polymer during the forecast period. Furthermore, the growing focus by the government and packaging industries to replace the petroleum-based materials and to help solve waste-disposal problems by introducing biodegradable polymers into the global market drives the growth of Starch Blended Biodegradable Polymer Market during the forecast period.

Report Coverage
The report: “Global Starch Blended Biodegradable Polymer Market – Forecast (2020-2025)”, by Industry ARC, covers an in-depth analysis of the following segments of the Global Starch Blended Biodegradable Polymer Industry. 

By Technology: Blow Molding, Extrusion, Injection Molding, and Others
By Type: Starch Blended with PLA, Starch Blended with PHA, Starch Blended with PCL, Starch Blended with PHB-HV, and Others
By Application: Agriculture and Horticulture, Automotive and Transportation, Packaging, Food and Beverage, Building and Construction, Electrical & Electronics, Biomedical, Textile, and Other
By Geography: North America, South America, Europe, APAC, and RoW

Key Takeaways
  • In the Latin America region, in 2019, Brazil is the major market for the Starch Blended Biodegradable Polymer owing to a 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. 
  • Low mechanical integrity, thermal stability, and humidity absorption are the limiting factors for the use of materials manufactured only from starch. Hence, to overcome these limitations starch is always blended with other materials like PLA and PHA.
  • Fluctuation in international oil prices tend to force companies to search for an alternative stable source of the raw material for packaging, which further provides lucrative opportunities for the growth of starch blended biodegradable polymer industry.
  • Evolution of the natural and environment-friendly polymers in the packaging sector for food packaging, cosmetics packaging and pharmaceutical packaging is driving the growth.
  • Comparatively lower awareness about the biodegradable polymer in emerging nations like India, Thailand, South Africa, and Qatar are hampering the market growth.

Technology - Segment Analysis
The injection molding segment is projected to witness the highest CAGR of 17% during the forecast period. In the injection molding process, large polymer moldings can be inexpensively manufactured in large quantities for direct usage. Furthermore, the growing complexity of technical biodegradable polymer/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 better quality biodegradable polymers.

Type - Segment Analysis
The starch blended with PLA segment hold the highest share of more than 35% in the global Starch Blended Biodegradable Polymer 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 products across various applications like food packaging, membrane material for chemical and automotive industries, the textile industry as PLA fiber, and medical applications. The use of starch blended with PLA based bioplastic offers 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, degradation properties, and mechanical properties.

Application - Segment Analysis
The medical segment is projected to witness the highest CAGR of 17%in the global Starch Blended Biodegradable Polymer market during the forecast period due to uses of biodegradable polymers as surgical implants in the blood vessels, in orthopedic surgery as implantable matrices, and as absorbable surgical sutures for eye treatment. Furthermore, the growing uses of PGA or PLA and their copolymer for producing monofilament sutures for general and tracheobronchial surgery also contributing to the growth of this segment over the forecast period.

Geography - Segment Analysis
Among the regions, the APAC region is projected to witness the highest CAGR of around 18% in the global Starch Blended Biodegradable Polymer market followed by North America and Europe during the forecast period. The growing economies of South East Asian countries, growing disposable income, easy availability of raw materials used to manufacture biodegradable plastics, and rise in population propels the growth of this market in the APAC region. Furthermore, the growing demand for eco-friendly alternatives for traditional plastics from emerging nations like China and India further drives the growth of starch-based Bioplastic films market across the country during the forecast period.

Drivers – Starch Blended Biodegradable Polymer Market
  • Growing Usage of Starch Blended Biodegradable Polymer in the Packaging Industry  
Starch-based polymers are mostly made from maize, sugarcane, corn, and potato starch. The use of starch in polymer helps in reducing the impact of plastic in the environment. The starch market is gaining traction, due to the increasing consumption of corn Starch Blended Biodegradable Polymer in the packaging industry. Corn starch helps in maintaining consistency of plastic due to presence of polylactic acid in corn starch. Plastics made up of corn starch are recyclable, biodegradable, environment-friendly, and compostable. Owing to these factors, the Starch Blended Biodegradable Polymer market is expected to have a substantial growth during the forecast period. Furthermore, growing environment awareness among the consumers and the companies operating in this market has led the growth of starch-based packaging materials. Besides, the growing trend of “Bio - bottle” from developed and developing region is likely to propel the growth of this market.

  • Harmful effects of traditional plastics on the environment 
Plastics are lightweight, durable, and corrosion-resistant with high thermal and electrical insulation properties that can be used across various residential, commercial, and industrial applications. Furthermore, plastic products are inexpensive as compared to other metal products. Hence, form the last two decades the use of traditional plastic is growing worldwide. However, traditional plastic is non-decomposable due to the presence of various harmful chemical ingredients in the plastic that limiting its use across various end-use applications. In addition, the presence of harmful chemicals have their negative impact on the environment, living organisms, and human health. Presently, the use of microplastic becomes a bigger threat to plants and animals including humans who are based on land. For instance, in 2019, according to the Center for International Environmental Law (CIEL) report, the production, and incineration of plastic added more than 850 million metric tons of greenhouse gases to the atmosphere. Hence, due the growing concern over plastic pollution the demand for the biodegradable plastic product is growing globally. As, the biodegradable plastics are decomposed by the action of living organisms like microbes present into the water, carbon dioxide, and biomass.

Challenges – Starch Blended Biodegradable Polymer Market
  • Lack of availability of the raw material and COVID-19 Pandemic
One of the major challenges faced by the starch-based bioplastic film 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 pandemic has led to a sudden pause in various manufacturing activities worldwide. This decline in manufacturing also restraining the growth of this market during the forecast period.

Market Landscape
Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Starch Blended Biodegradable Polymer market report. In 2019, the market of Starch Blended Biodegradable Polymer top 10 companies accounting for xx% of the share. Major players in the Starch Blended Biodegradable Polymer Market industry the outlook is Plantic Technologies Limited, BASF SE, Nihon Cornstarch Corporation, BioGrade, Wuhan Huali Environmental Technology Co., Ltd., LACTEL Absorbable Polymers, Balson Industries, and Novamont S.p.A., Rodenburg Biopolymers, TryEco, LLC, among others.

Acquisitions/Technology Launches
  • 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.

1. Starch Blended Biodegradable Polymer Market- Market Overview
    1.1 Definitions and Scope
2. Starch Blended Biodegradable Polymer Market- Executive Summary
    2.1 Market Revenue, Market Size and Key Trends by Company
    2.2 Key Trends by Technology
    2.3 Key Trends by Type
    2.4 Key Trends by Application
    2.5 Key Trends by Geography
3. Starch Blended Biodegradable Polymer Market- Landscape
    3.1 Comparative analysis
        3.1.1 Market Share Analysis- Top Companies
        3.1.2 Product Benchmarking- Top Companies
        3.1.3 Top 5 Financials Analysis
        3.1.4 Patent Analysis- Top Companies
        3.1.5 Pricing Analysis
4. Starch Blended Biodegradable Polymer Market- Startup companies Scenario Premium (Premium) 
    4.1 Top startup company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Market Shares
        4.1.4 Market Size and Application Analysis
        4.1.5 Venture Capital and Funding Scenario
5. Starch Blended Biodegradable Polymer Market– Industry Market Entry Scenario Premium (Premium)
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case studies of successful ventures
    5.4 Customer Analysis - Top companies
6. Starch Blended Biodegradable Polymer Market- Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Market Opportunities
    6.4 Porters Five Force Model
        6.4.1Bargaining power of suppliers
        6.4.2Bargaining powers of buyers
        6.4.3Threat of new entrants
        6.4.4Rivalry among existing players
        6.4.5Threat of substitutes 
7. Starch Blended Biodegradable Polymer Market-Strategic analysis
    7.1 Value chain analysis
    7.2 Opportunities analysis
    7.3 Market life cycle
    7.4 Suppliers and distributors Analysis
8. Starch Blended Biodegradable Polymer Market– By Technology (Market Size -$Million)
    8.1 Blow Molding
    8.2 Extrusion
    8.3 Injection Molding
    8.4 Others
9. Starch Blended Biodegradable Polymer Market– By Type (Market Size -$Million)
    9.1 Starch Blended with PLA
    9.2 Starch Blended with PHA
    9.3 Starch Blended with PCL
    9.4 Starch Blended with PHB-HV
    9.5 Others
10. Starch Blended Biodegradable Polymer Market– By Application (Market Size -$Million)
    10.1 Agriculture and Horticulture
    10.2 Automotive and Transportation
    10.3 Packaging
    10.4 Food and Beverage
    10.5 Building and Construction
    10.6 Electrical & Electronics
    10.7 Biomedical
    10.8 Textile
    10.9 Others
11. Starch Blended Biodegradable Polymer Market- By Geography (Market Size -$Million)
    11.1 North America
        11.1.1 U.S.
        11.1.2 Canada
        11.1.3 Mexico
    11.2 South America
        11.2.1 Brazil
        11.2.2 Argentina
        11.2.3 Colombia
        11.2.4 Rest of South America
    11.3 Europe
        11.3.1 U.K
        11.3.2 Germany
        11.3.3 Italy
        11.3.4 France
        11.3.5 Spain
        11.3.6 Netherlands
        11.3.7 Russia
        11.3.8 Rest of Europe
    11.4 Asia-Pacific
        11.4.1 China
        11.4.2 India
        11.4.3 Japan
        11.4.4 Australia & New Zealand (ANZ)
        11.4.5 South Korea
        11.4.6 Rest of Asia-Pacific
    11.5 ROW
        11.5.1Middle East
   Saudi Arabia
   Rest of Middle East
   South Africa
   Rest of South Africa
12. Starch Blended Biodegradable Polymer Market- Entropy
    12.1 New Product Launches
    12.2 M&A’s, Collaborations, JVs and Partnerships
13. Market Share Analysis (Premium)
    13.1 Market Share by Country- Top companies
    13.2 Market Share by Region- Top companies
    13.3 Market Share by type of Product / Product category- Top companies
    13.4 Market Share at global level- Top companies
    13.5 Best Practices for companies
14. Starch Blended Biodegradable Polymer Market- List of Key Companies by Country (Premium) 
15. Starch Blended Biodegradable Polymer Market- Company Analysis
    15.1 Market Share, Company Revenue, Products, M&A, Developments
    15.2 Company 1
    15.3 Company 2
    15.4 Company 3
    15.5 Company 4
    15.6 Company 5
    15.7 Company 6
    15.8 Company 7
    15.9 Company 8
    15.10 Company 9
    15.11 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies