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Starch-based Biodegradable Plastics Market Demand & Forecast Analysis

Starch-based Biodegradable Plastics Market

Starch-based Biodegradable Plastics are extremely versatile as they are blended with compostable polyesters and additives to improve the mechanical properties and process properties. Starch-based plastics are a promising alternative to non-renewable resins because of their biodegradability, abundant supply of raw material, low cost, and their combustibility. Starch-based Biodegradable Plastics are used in manufacturing of rigid packaging and flexible packaging. The increase in consumption of Starch-based Biodegradable Plastics in packaging applications can be attributed to the growing environmental concerns, stringent government regulation, shift in consumer preferences toward eco-friendly and sustainable material.

Several countries such as Italy, France, United Kingdom, United States, India, China, and other countries have announced to ban single use plastics used in the manufacturing of packaging of fruits & vegetables, grocery, shopping bags, etc. Companies around the world are investing in the development of sustainable and biodegradable materials for packaging. The shift in consumers towards biodegradable packaging along with stringent government laws on non biodegradable plastics will drive the demand for Starch-based Biodegradable Plastics for packaging applications. Increase in waste management regulations in Europe related to the land fill and Food and Drug Administration (FDA) and other related organizations for food safety, also; directives issued by European Union are also promoting the usage of bio-degradable plastics in food packing & beverage industry.

Global Starch-based Biodegradable Plastics Demand By Region- 2021 (Kilo Tons)
Global Starch-based Biodegradable Plastics Demand By Region- 2021 (Kilo Tons)

Global Starch-based Biodegradable Plastics market was estimated to be around 400 kilo tons in 2021. The market is estimated to further grow at a CAGR of 7.4% during the forecast period. Packaging accounted for the whopping share of around 60% of total Starch-based Biodegradable Plastics market in 2021 and the application is estimated to register highest growth in the long-term. The Starch-based Biodegradable Plastics demand in packaging applications is highly driven by government regulations and shift in consumer towards eco friendly packaging material. 

The primary driver for the growth in Starch-based Biodegradable Plastics demand has been the growth in consumption of packaging, supported by high growth in the consumer goods and agriculture & horticulture. New upcoming projects especially in Western Europe and Asia-Pacific is expected to bolster the Starch-based Biodegradable Plastics market, during the forecast period. Due to strict government regulations, shift in consumer preferences and increasing living standards, these regions are driving growth for Starch-based Biodegradable Plastics. 

The COVID-19 pandemic has accelerated the salesof packaged goods as people stocked up goods in panic during the lockdown. The increase in growing health awareness, shifting of consumers towards packaged and branded products, and increasing e-commerce penetration are some of the keydemand drivers of the packaging industry. Western Europe is the largest market accounting for 50% of global Starch-based Biodegradable Plastics market followed by Asia-Pacific accounting for around 45%. The Starch-based Biodegradable Plastics market in Western Europe has grown at an annual average of 6% from 142 kilo tons in 2016 to the current levels. 

The region Starch-based Biodegradable Plastics demand is further poised to register a CAGR of 7.3% in the long-term forecast owing to the stricter regulations towards single use plastics and consumer preference towards sustainable products. Novamont, Rodenburg, Biopolymers Biotec GmbH & Co. KG (Biome) and Carbiolice (Limagrain) are the major producers of starch-based plastics in Western Europe. The Novanmont operates a 150 kilo tons of starch-based plastics plant in Italy.

Global Starch-based Biodegradable Plastics Demand By Application- 2021 (Kilo Tons)
Global Starch-based Biodegradable Plastics Demand By Application- 2021 (Kilo Tons)

Asia-Pacific is second biggest producer and consumer of Starch-based Biodegradable Plastics in the world. The region accounts for around 45% of the global Starch-based Biodegradable Plastics demand, which is further poised to register a CAGR of 7.6% in the long-term forecast. China dominates the regional Starch-based Biodegradable Plastics market accounting for around 80%. The Starch-based Biodegradable Plastics market in China is further projected to grow at a CAGR of 8% in the long-term forecast to cross 270 kilo tons by 2032. Wuhan Huali Environmental Protection Technology Co., Ltd., Zhejiang Wafa Ecosystem Science & Technology Co., Ltd., Biograde Nangjing Pty. Ltd. (Cardia and SECOS) and KINGFA Science & Technology Co. Ltd., are the major producer of starch-based plastics for carrier bags, bin bags, and mulch films.

Global Starch-based Biodegradable Plastics Demand By Application (Kilo Tons)
Global Starch-based Biodegradable Plastics Demand By Application- 2016-2032 (Kilo Tons)

The USA accounts for almost 84% of the North American Starch-based Biodegradable Plastics demand while Canada accounts for a share of around 10%. The United States is one of the major packaging producers in the world. The country employs more than 400,000 people and contributes around 2.5 percent to GDP which translates to around $537.91 billion in total economic output. In terms of market by value and market capitalization, the United States is home to the 7 of the top 10 largest packaging companies High demand in the United States can be attributed to the growing packaging industry in the country. 

Sealed Air Corporation is a packaging company, committed to deliver 100% recyclable or reusable packaging solutions by 2025. The company has recently entered into an agreement with Kuraray (Plantic) for the supply of Plantic materials to produce food packaging material derived from its Plantic™ bio-based resins. The restrictions on single use plastic in USA and Canada will support the market growth of Starch-based Biodegradable Plastics. Also growing market of consumer goods and agriculture & horticulture applications will drive the demand for Starch-based Biodegradable Plastics in the North American Region.

Novamont, Italy based starch-based products manufacture market it compostable resins under the brand name "MATER-BI". The company has about 150 kilo tons of "MATER-BI" which has increased from 110 kilo tons in 2016. MATER-BI offers excellent barrier properties in comparison to petroleum derived plastics, MATER-BI also help to extend the food shelf life. The MATER-BI compostable resins are used in various packaging application like pouches (cereals, cookies), bags, cling film and others. 

In 2015, Kuraray Group acquired Plantic Technologies, a well known thermoplastic starch manufacturer. The company manufacture starch-based plastics, majorly by using cornstarch with small amount of PE and PP. The products are sold to material and packaging producers around the world. According to Plantic, their material is suitable for packaging for food products like salads; meat, fish, chicken and pasta.

Scope of Report 

The Starch-based Biodegradable Plastics report describes the global Starch-based Biodegradable Plastics market, with focus on the country, applications and other end-use scenarios. The study provides

Market Data & Forecast (Short-term and Long-term)
•  Demand Analysis
•  Demand Composition, by Applications
•  Sales & Revenue
•  Pricing Analysis
•  Market Dynamics

Country Summaries & Product Review
•  Demand Balance 
•  Starch-based Biodegradable Plastics Market data in terms of volume and value for each end-use 
   at regional and country level
•  Starch-based Biodegradable Plastics Market analysis for demand, at regional and country level
•  Historical, Current & Market Forecast
•  Macro-economic factors like GDP, Population and World Economic integration
•  Economic & Energy Outlook
•  Industry & Policy Developments 
•  End-use Industry / Applications Market 
•  Reasoning & Analysis
•  Insightful Commentary
•  Market Review
•  Comparative Analysis
•  Latest Trends and market developments
•  Key players
•  Strategic Issues and Recommendations
•  Business Opportunity Assessment

1.  Introduction
      •  Scope
      •  Market Coverage
          -  Application
          -  Regions
          -  Countries
      •  Years Considered
          -  Historical - 2016 – 2022
          -  Base - 2023
          -  Forecast Period - 2024 – 2036
      •  Research Methodology
          -  Approach
          -  Research Methodology
          -  Prismane Consulting Market Models
          -  Assumptions & Limitations
          -  Abbreviations & Definitions
          -  Conversion Factors
          -  Data Sources
2.  Market Synopsis 
      •  Market Evolution
      •  Demand Overview
      •  Industry Structure
      •  Strategic Issues
      •  End-use Trends
      •  Growth Forecast
3.  Economic & Energy Outlook
      •  GDP and Demographics
      •  Monetary & Fiscal Policies
      •  Crude Oil Production and prices
      •  Natural Gas
      •  Electricity Prices
4.  End-use Sector Performance
      • Packaging
      • Consumer Goods
      • Coatings & Adhesives
      • Agriculture 
      • Others 
5.  Introduction to Starch-based Biodegradable Plastics and Market Overview 
      •  Product Description
      •  Grades & Properties
      •  Raw Material
      •  Manufacturing Process
      •  Environmental Issues
      •  Value Chain
      •  Applications
6.  Market Dynamics and Industry Trends 
      •  Market Dynamics and COVID-19 Impact
          -  Drivers
          -  Restraints
          -  Opportunities
          -  Challenges
7.  Global Starch-based Biodegradable Plastics Demand Analysis, By Application, (Volume, Value) (2016–2036)
      •  Strategic Issues and COVID-19 Impact
      •  Demand Analysis and Forecast (2016 – 2036)
          -  Demand
          -  Demand Growth Rate (%)
          -  Driving Force Analysis
      •  Global Starch-based Biodegradable Plastics Market, By Application
          -  Packaging
          -  Consumer Goods
          -  Coatings & Adhesives
          -  Agriculture
          -  Others
8.  Demand Analysis and Market Review, By Region, By Country (Volume, Value), (2016– 2036)
      •  Strategic Issues and COVID-19 Impact
      •  Demand Analysis and Forecast (2016-2036)
      •  Demand Growth Rate (%)
      •  Starch-based Biodegradable Plastics Market, By Application
Note: Demand Analysis has been provided for all major Regions / Countries as mentioned below. The demand(consumption) split by applications has been provided for each of the countries/regions in Volume (Kilotons) and Value (USD Million).
      •  North America
         -  USA
         -  Canada
         -  Mexico
      •  Western Europe
         -  Germany
         -  France
         -  Italy
         -  United Kingdom
         -  Spain
         -  Rest of Western Europe
      •  Central & Eastern Europe
         -  Russia
         -  Poland
         -  Rest of Central & Eastern Europe
      •  Asia-Pacific
         -  China
         -  Japan
         -  India
         -  South Korea
         -  ASEAN
         -  Rest of Asia-Pacific
      •  Central & South America
      •  Middle East & Africa
Note: CAGR will be calculated for all the applications to arrive at the regional/global demand growth for the forecast period (2024 – 2036)
9.  Pricing Analysis
10.  Key Strategic Issues and Business Opportunity Assessment 
      •  Market Attractiveness Assessment
      •  Prospective & Target Market Study
11.  Strategic Recommendation & Suggestions
12.  Company Analysis and Market Share Analysis
      •  Starch-based Biodegradable Plastics Manufacturers Profiles/ Company Analysis
         -  Basic Details
         - Headquarters, Key Markets
         -  Ownership
         -  Company Financial
         -  Manufacturing Bases
         -  Global Turnover
         -  Total Employee
         -  Product Portfolio / Services / Solutions
         -  Key Business Strategies adopted and Prismane Consulting Overview
         -  Recent Developments
         -  Companies Covered
             - NatureWorks
             - Novamont
             - Biotec
             - PSI
             - Kuraray
             - Biome
             - Cardia
             - Hitachi
             - Huhtamaki 
             - Other Manufacturers
Note: This section includes company information, company financials, manufacturing bases, and operating regions. Company financials have been mentioned only for those companies where financials were available in SEC Filings, annual reports, or company websites. All the reported financials in this report are in U.S. Dollars. Financials reported in other currencies have been converted using average currency conversion rates. Company profiles may include manufacturers, suppliers, and distributors.
13.  Appendices
      •  Demand- Regions
      •  Demand– Countries

Scope of Report 

The Starch-based Biodegradable Plastics report describes the global Starch-based Biodegradable Plastics market, with focus on the country, applications and other end-use scenarios. The study provides

Market Data & Forecast (Short-term and Long-term)
•  Demand Analysis
•  Demand Composition, by Applications
•  Sales & Revenue
•  Pricing Analysis
•  Market Dynamics

Country Summaries & Product Review
•  Demand Balance 
•  Starch-based Biodegradable Plastics Market data in terms of volume and value for each end-use 
   at regional and country level
•  Starch-based Biodegradable Plastics Market analysis for demand, at regional and country level
•  Historical, Current & Market Forecast
•  Macro-economic factors like GDP, Population and World Economic integration
•  Economic & Energy Outlook
•  Industry & Policy Developments 
•  End-use Industry / Applications Market 
•  Reasoning & Analysis
•  Insightful Commentary
•  Market Review
•  Comparative Analysis
•  Latest Trends and market developments
•  Key players
•  Strategic Issues and Recommendations
•  Business Opportunity Assessment