The Global Starch-Blended Bioplastic Market was valued at US$ 286.8 Mn in 2022. According to the Global Starch-blended Bioplastic Market Report, by Type (Starch-blended with PLA, Starch- blended with PHA, and Others), by Application (Packaging & Bags, Textile, Agriculture, Consumer Goods, and Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East & Africa), published by Coherent Market Insights.
The global starch-blended bioplastic market was valued at US$ US$ 286.8 Mn in terms of revenue in 2022 and is predicted to grow at a CAGR of 4.8% during the forecast period (2023 to 2030).
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https://www.coherentmarketinsights.com/market-insight/starch-blended-bioplastic-market-5539
Browse 30 market data tables* and 24 figures* on “global starch-blended bioplastic market” - Forecast to 2030.
Key Trends and Analysis of the Global Starch-blended Bioplastic Market:
- Starch-blended bioplastic are widely used polymers which breaks down into by-products such as biomass, water, and inorganic salts. These bioplastic is used in various applications such as packaging and bags, agriculture, pharmaceuticals, personal care, among others. In food & beverages industry, this bioplastic is used in edible films and food packaging that are tasteless, odorless, colorless, biodegradable, and non-toxic
- Moreover, in agriculture industry, starch-blended bioplastic are used to cover greenhouse gases, in order to control the release of nutrients from the fertilizer into the soil and further improves the health of the soil. Moreover, non-biodegradable plastic films are pollutes the soil when it is buried in the landfill. Removing and disposing of ordinary plastics remnants from the landfill is time-consuming and expensive process. Owing to these factors, the demand for starch-blended bioplastic is increased throughout the globe.
Key Takeaways of the Global Starch-blended Bioplastic Market:
- The global starch-blended bioplastic market was valued at US$ 286.8 Mn in 2022 and is forecast to reach a value of US$ 417.3 Mn by 2030 exhibiting a CAGR of 4.8% between 2023 and 2030.
- Starch-blended bioplastic is used to reduce the global carbon footprint, as compare to ordinary plastic. These bioplastic is highly compostable and degradable. Moreover, increasing environment concerns and technological improvements is expected to increase significant demand for starch-blended bioplastic during the forecast period. Furthermore, the starch-blended biodegradable bioplastic are used for surgical implants in blood vessels, surgical sutures for eye treatment, and in orthopedic surgery. Moreover, the growing usages of PLA (polylactic acid) or PGA (Polyglycolic acid) and their copolymer for the production of monofilament sutures.
Key Players
Major players operating in the global starch-blended bioplastic market include, BASF SE, Biome Bioplastic, Cardia Bioplastic, Braskem, Corbion Purac, Novamont S.p.A, NatureWorks LLC, Innovia Films., TORAY INDUSTRIES, INC., BioBag International AS.
Global Starch-blended Bioplastic Market - Impact of Coronavirus (COVID-19) Pandemic
COVID-19 had an adverse impact on the global starch-blended bioplastic market, owing to scarcity of raw materials and low market demand. Furthermore, significant interruptions in different supply-chain and manufacturing process, due to stringent laws and regulations applied by the government, is anticipated to hinder the global market growth. Moreover, declined demand for starch-blended bioplastic across the textile, packaging, and agriculture industries is projected to hinder the global market growth. Nevertheless, booming demand for medical devices, during the COVID-19, is projected to accelerate the global starch-blended bioplastic market during the forecast period. Moreover, these bioplastic is used in biomedicine which is also boosting the demand over the forecast period.
