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
- Injection Molding
On the basis of end use industry, the Global Starch based Plastic Market can be segmented as:
- Agriculture & horticulture
- Consumer goods
- Food & beverage
- Electrical & electronics
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:
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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:
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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?
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