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Surge in the product demand for food packaging is expected to fuel the growth avenues in the global starch based plastic market during the forecast period of 2021 to 2031. Extrusion, injection molding, and blow molding are some of the technologies used in the market for starch based plastic.
An upcoming assessment by Transparency Market Research (TMR) delivers thorough analysis of major factors influencing the growth trajectory of the global starch based plastic market. Hence, the starch based plastic market survey offers comprehensive assessment of the market growth drivers, restraints, historical and present market trends. This aside, it enlightens readers on R&Ds, challenges, and recent developments in the starch based plastic market. Furthermore, the research report on the starch based plastic industry provides dependable statistics on the shares, production, volume, sales, and revenues of starch based plastic.
In the TMR review report, data and analysis on the global starch based plastic market is demonstrated in the form of different segments, which are based on many parameters including technology, end-use industry, and region. The key purpose of the segmentation is the delivery of the market analysis in easy-to-understand manner.
Starch-based plastics refer to complex combination of starch with compostable or biodegradable plastics including polybutylene adipate terephthalate, polylactic acid, polycaprolactone, polyhydroxyalkanoates, and polybutylene succinate, notes a TMR study. These products are gaining traction owing to different properties including outstanding processing, mechanical, and water resistance properties. This aside, starch-based plastics offer various physical properties including heat tolerance and tensile strength. Thus, the demand for this product is being rising as a substitute to conventional plastics, states a TMR study on the global starch based plastic market.
Starch-based plastics are being adopted across varied end-use industries such as the agriculture, automotive and transportation, consumer goods, and packaging industry. The rapid expansion of these industries is anticipated to drive the demand opportunities in the global starch based plastic market during the forecast period, state analysts at TMR. Moreover, the market is anticipated to gain lucrative opportunities owing to rapid urbanization and improved spending power of people in developed and developing nations.
The starch based plastic market seems to be fairly fragmented in nature. The existence of numerous players has resulted into increase in the competition levels in the market for starch based plastic, state analysts at TMR. Hence, enterprises are using diverse strategies such as mergers & acquisitions, new product launches, joint ventures, and regional expansions in order to stay ahead of the competition. Such initiatives, in turn, are likely to lead to rapid expansion of the starch based plastic market during the forecast period.
The list of key players in the global starch based plastic market includes:
On the basis of region, the starch based plastic market is divided into many regions such as Europe, North America, Asia-Pacific, Middle East & Africa (MEA), and Latin America. Of all, Europe is one of the dominating regions of the market for starch based plastic. The market players are expected to gain sizable opportunities for business during the forecast period in Europe owing to the presence of strict government regulations and surge in the consumer understanding pertaining to biodegradable products including starch based plastic, note analysts of a TMR review.
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Starch Based Plastic Market
