USD 2.25 billion
Global Starch-blended Biodegradable Polymer Market Size, Share, Growth Analysis, By Product(Starch-Blended Biodegradable Polyethylene, Starch-Blended Biodegradable Polypropylene), By End-Use(Packaging, Agriculture), By Source(Corn, Potato) - Industry Forecast 2024-2031
Report ID:
SQMIG15E2394 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
94 |
Figures:
76
Global Starch-blended Biodegradable Polymer Market Insights
Global Starch-blended Biodegradable Polymer Market size was valued at USD 2.25 billion in 2022 and is poised to grow from USD 2.66 billion in 2023 to USD 5.98 billion by 2031, growing at a CAGR of 8.2% in the forecast period (2024-2031).
In recent years, the global starch-blended biodegradable polymer market has been changing consumer preferences, propelled by the increasing demand for sustainable and eco-friendly alternatives in various industries. The emphasis on reducing environmental impact and addressing plastic pollution has driven the adoption of starch-blended biodegradable polymers. These polymers, derived from renewable resources, offer biodegradability and compostability, aligning with global efforts towards a circular economy.
Additionally, the packaging industry, in particular, is a significant consumer of starch-blended biodegradable polymers, as they provide viable solutions for single-use plastics. With ongoing research and development in bioplastics, the market is poised for continued expansion, driven by environmental consciousness and regulatory initiatives promoting sustainable materials.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Starch-Blended Biodegradable Polyethylene
Fastest Growth
Starch-Blended Biodegradable Polylactic Acid (PLA)
Growth Rate
8.2% CAGR
Global Starch-blended Biodegradable Polymer Market ($ Bn)
Country Share for Asia Pacific Region (%)
Global Starch-blended Biodegradable Polymer Market By product type ($ Bn)
Global Starch-blended Biodegradable Polymer Market By product type (%)
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Global Starch-blended Biodegradable Polymer Market Segmental Analysis
The global starch-blended biodegradable polymer market is segmented into four major segments i.e. by product, end-use, source and region. Based on product, it is divided into starch-blended biodegradable polyethylene, starch-blended biodegradable polypropylene, starch-blended biodegradable polylactic acid (pla), and others. Based on end-use, it is bifurcated as packaging, agriculture, textiles, automotive, and others. Based on source it is segregated into corn, potato, cassava, and others. Based on region, the market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East & Africa, and others.
Analysis by Product
Starch-blended biodegradable polyethylene have typically held a substantial market share due to its versatile and finds applications across various industries, including packaging, agriculture, and automotive. Moreover, its flexibility and durability are commonly used in a wide range of applications, making starch-blended versions a natural choice for eco-friendly alternatives.
Due to their biocompatibility and potential applications in medical and healthcare sectors, Starch-blended biodegradable PLA have gained popularity. Ongoing research and development in PLA technology, coupled with its versatile applications in packaging, textiles, and biomedicine, position it as a product type with significant growth potential.
Analysis by End-User
Packaging has long dominated the global starch-blended biodegradable polymer market due to the global shift towards sustainable and eco-friendly packaging solutions. Increasing environmental regulations and consumer demand for greener packaging alternatives contribute to the dominance of this end-user segment.
The agriculture market’s fastest-growing segment due to the use of starch-blended biodegradable polymers in agriculture, especially in the form of biodegradable mulch films, is experiencing rapid growth. Growing awareness of environmentally friendly farming practices and the need to reduce plastic pollution in agriculture contribute to the increased adoption of these polymers.
Global Starch-blended Biodegradable Polymer Market By end user, 2023 (%)
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Global Starch-blended Biodegradable Polymer Market Regional Insights
Asia-Pacific has historically dominated the starch-blended biodegradable polymer market as it is a major manufacturing hub, contributing to the dominant market position. Countries like China and India are key players in the production of starch-blended biodegradable polymers. The region's large and growing population, coupled with increasing environmental awareness, drives demand for sustainable products, favoring the adoption of starch-blended biodegradable polymers.
Europe has stringent environmental policies, encouraging the adoption of eco-friendly materials. The push towards a circular economy and reduced plastic usage fuels the growth of starch-blended biodegradable polymers. The region is increasingly environmentally conscious, driving demand for sustainable products. This trend propels the growth of starch-blended biodegradable polymers in the region.
Global Starch-blended Biodegradable Polymer Market By Region, 2024-2031
- Largest
- Fastest
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Global Starch-blended Biodegradable Polymer Market Dynamics
Drivers
Increasing Consumer Awareness and Concerns about Environmental Sustainability
- The increasing awareness and concerns about environmental sustainability have led to a rising demand for eco-friendly alternatives, positioning starch-blended biodegradable polymers as a viable solution. The global push towards reducing plastic pollution and adopting greener practices further accelerates the market's expansion. Additionally, stringent regulations and policies advocating for the use of biodegradable materials contribute to the market's growth trajectory.
Restraints
High-cost Implications Associated With the Production
- One of the main market restraints is the potential cost implications associated with the production of these polymers. The manufacturing processes and sourcing of raw materials, particularly starch, may incur higher expenses compared to traditional plastics. Additionally, variations in the biodegradation rates of starch-blended polymers can pose challenges, as some applications may require specific degradation timelines.
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Global Starch-blended Biodegradable Polymer Market Competitive Landscape
The competitive environment of the starch-blended biodegradable polymer market is dynamic and marked by a diverse array of key players actively engaged in driving innovation and market growth. Intense competition is observed as these entities focus on research and development, aiming to enhance the properties and applications of starch-blended biodegradable polymers. Collaborations, partnerships, and strategic acquisitions are common trends, enabling companies to expand their product portfolios and geographical reach.
Top Player’s Company Profiles
- Corbion N.V.
- Danimer Scientific
- Green Dot Bioplastics, Inc.
- Kuraray Co., Ltd.
- Mitsubishi Chemical Holdings
- PTT Global Chemical Company Limited
- The Dow Chemical Company
- Wuhan Huali Biomaterial Co., Ltd.
- Cereplast Inc.
- NatureWorks LLC
- Symphony Environmental Technologies
- TECNOBIOMERS
- Ecoplastics* (Innova Group)
- BioBag World
- AARD Bioplastics
- Apeel Sciences Inc.
- Showa Denko K.K.
Recent Developments
- In June 2023, BASF inaugurated its Center of Excellence for Biodegradation and Microplastics at its Wyandotte site in Michigan. This facility aims to assist customers in North America in attaining their circularity and sustainability objectives.
- In September 2023, The Mitsubishi Chemical Group (MCG Group) is pleased to introduce its advanced bio-based compostable polymer, BioPBS™, into the sealant layer and zipper closure of the recently revamped pouches for EN TEA's tea bags.
Global Starch-blended Biodegradable Polymer Key Market Trends
Rising Surge in Research and Development Activities
- The notable surge in research and development activities, driving innovations in starch-blended polymer formulations. These advancements aim to enhance the overall performance, durability, and versatility of the polymers, expanding their applicability across diverse industries. Another significant trend is the growing preference for customized solutions, with manufacturers focusing on tailoring starch-blended biodegradable polymers to meet specific application needs.
Global Starch-blended Biodegradable Polymer Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
Global starch-blended biodegradable polymer market analysis reveals a dynamic marketplace with a number of standout trends and difficulties. The market is driven by an increasing demand for sustainable alternatives, spurred by environmental concerns. However, cost implications in production and variations in biodegradation rates present challenges. Starch-blended polyethylene dominates due to its versatility, especially in packaging. Asia-Pacific leads in market share, propelled by manufacturing capabilities and rising eco-consciousness. Key trends include ongoing R&D for enhanced polymer properties and collaborations for market expansion. As industries prioritize eco-friendly practices, the market experiences growth, supported by innovations and strategic partnerships.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 2.25 billion |
| Market size value in 2031 | USD 5.98 billion |
| Growth Rate | 8.2% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Starch-blended Biodegradable Polymer Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Starch-blended Biodegradable Polymer Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Starch-blended Biodegradable Polymer Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Starch-blended Biodegradable Polymer Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Starch-blended Biodegradable Polymer Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Starch-blended Biodegradable Polymer Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Starch-blended Biodegradable Polymer Market Report Snapshots
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