Global Starch based Plastic Market: Overview

Bio-plastics are obtained from different biomass sources, the most widely is used is starch, which is a natural polymer. Starch based plastic films are made up of starch alone are usually brittle and have low moisture barrier, so they are incorporated with different material. Starch based plastic finds wide applications in petroleum based polymers to create different composite materials which are then processed through extrusion or injection molding using standard machineries.

Among the variety of biodegradable plastic available, starch based plastic account for almost half of the market. Starch based plastics are used in the production of bags for recycling organic waste, hygiene products, packaging materials, in agriculture & biomedical fields. Moreover, starch based plastics are employed in the medical industry owing to its enhanced non-toxicity, biocompatibility, better mechanical properties, and degradation properties as required.

Starch based plastics are environment friendly as they reduce the carbon footprints of traditional resins. Starch based plastic can act as a substitute for petroleum based polymers. The starch based plastic also finds application in agricultural where it is used in mulch films in order to prevent the loss of humus and provide appropriate carbon. Starch based plastics are highly bio degradable that is, it can be used along the compostable polymer without affecting its degradation process.

Global Starch based Plastic Market: Dynamics

With the increasing demand in agricultural industry, as starch based plastic enhances sustainability and lower soil contamination. Rapid growth in the global economy; increase in disposable income are the factors contributing in the growth of bioplastic industry which in turn will increase the starch based plastic market. Also rise in usage in pharmaceutical and medical applications such as in space filling implants, controlled drug release and wound treatments contribute to market growth of starch based plastic. Starch based plastic have good tensile strength and heat tolerance as compared to its alternatives which drives the demand in the starch based plastic market. Since the bioplastics are used in increasing number of markets such as packaging, consumer electronics, catering products automotive, agriculture and textiles to toys which escalates the starch based plastic market globally.

Global Starch based Plastic Market: Segmentation

Global Starch based plastic market can be segmented as follows:

On the basis of type, the Global Starch based Plastic Market can be segmented as:

  • Starch based plastic blended with PLA
  • Starch based plastic blended with PHA
  • Starch based plastic blended with PVOH and PBS

On the basis of technology, the Global Starch based Plastic Market can be segmented as:

  • Blow molding
  • Extrusion
  • Injection Molding
  • Others

On the basis of end use industry, the Global Starch based Plastic Market can be segmented as:

  • Textiles
  • Agriculture & horticulture
  • Consumer goods
  • Food & beverage
  • Electrical & electronics
  • Others

Geographically, the starch based plastic market can be segmented into North America, Europe, Latin America & Asia-Pacific region and Middle East & Africa (MEA) regions. The Europe is leading market in starch based plastic followed by North America & Asia Pacific. Moreover, Europe is strongly supported by the stringent government regulations & rising consumer awareness regarding biodegradable products such as starch based plastic through various media. Furthermore, U.K. and France is also expected to adopt this trend. The strong production capacities of starch based plastic, especially in emerging economies like China and India, are expected to propel the growth in the near future.

Global Starch based Plastic Market: Key Players

Some of the leading starch based plastic manufacturers are mentioned below:

  • BASF SE
  • Cardia Bioplastic Ltd.
  • Biobag Ltd.
  • Biotec Inc.
  • CPR Corp. 
  • National Starch and Chemical Co.
  • Novamont S.P.A
  • Braskem S.A.
  • Corbion N.V.

Global Starch based Plastic Market: Key Developments

  • Cereplast Inc. is offering a starch based hybrid resin which is blend of plant starch with conventional polymers. This blend will reduce the use of oil & gas & increase the use of renewable resources. 
  • In September 2016, Bill Gates invested in Plantrose technology that will enable cost-advantaged building blocks for chemicals & polymers used for manufacturing of bioplastics.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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