STARCH-BLENDED BIOPLASTIC MARKET ANALYSIS

Market Challenges And Opportunities

Global Starch-blended Bioplastic Market- Opportunities

Growing use of starch-blended bioplastic across the food & beverages industry and soaring demand for sustainable plastic product are expected to create ample opportunities for the market players throughout the forecast period. Moreover, research and development activities in order to reduce or replace unsustainable plastic  is expected to provide lucrative opportunities for global starch-blended bioplastic market players.

Global Starch-blended Bioplastic Market- Drivers

Dangerous effects of ordinary plastics on the nature

Plastics are used in commercial, residential, and industrial applications, as it offers several properties such as high durability, corrosion resistivity, and others. Moreover, plastic materials are cost-effective than metal products. Nevertheless, ordinary plastic are not decomposable in nature, owing to the presence of chemical components in it. Moreover, the traditional plastic remains in environment as litters, if it is not recollected. This causes a harmful impact on the human health, living organisms, and environment. Furthermore, growing awareness about plastic pollution is one of the major factors which driving the global starch-blended bioplastic market growth over the forecast period.  Bioplastic is decomposed by the microbes and gets converted into biomass, carbon dioxide, and water.

Boosting demand for alternative ordinary plastic packaging solution

The corn starch-blended bioplastic is an eco-friendly substitute for traditional plastic across the packaging industry. Moreover, corn starch-blended bioplastic is recyclable, compostable, and biodegradable. Furthermore, rapid economic growth, rising use of medical applications, and increasing disposable income are another factors to accelerate the global starch-blended bioplastic market over the forecast period.

Global Starch-blended Bioplastic Market- Restraints

Cost of starch-blended bioplastic

The cost of starch-blended bioplastic films is higher than other polymers. Moreover, the raw material required in the manufacturing process of starch-blended bioplastic are wheat, corn, rice, pea, potato, and tapioca. These raw materials are also used in other industries such as food and beverages. Thus, availability and volatility in prices of raw materials is likely to hamper the global market growth. Nevertheless, the eco-friendly nature of starch-blended bioplastic is projected to accelerate the product demand during the forecast period.