Starch-based Bioplastics Market was valued at $424 million in 2016, and is expected to reach $561 million by 2023, registering a CAGR of 3.7% from 2017 to 2023.
Portland, OR -- (SBWIRE) -- 02/08/2018 -- Starch is defined as a natural polymer that possesses many unique properties, which make it ideal for packaging and edible film applications. Starch-based bioplastics are produced from starch, blended with thermoplastic polyesters with an aim to obtain a biodegradable and compostable product. The properties of these bioplastics are similar to those of low-density polyethylene (LDPE), and thus are used to manufacture bags for recycling organic waste, packaging & packaging materials, hygiene products, and in agriculture Therefore, by combining the individual advantages of starch and synthetic polymers, starch-based completely biodegradable polymers (SCBP) are applicable in biomedical and environmental fields. Moreover, starch-based bioplastics are extensively implemented in the medical industry owing to their enhanced biocompatibility, non-toxicity, better mechanical properties, and degradation properties as required.
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The global starch-based bioplastics market is segmented based on technology, type, application, and region. Based on technology, it is classified into blow molding, extrusion, injection molding, and others. Based on application, it is divided into rigid packaging, flexible packaging, textile, agriculture & horticulture, consumer goods, automotive transport, electrical & electronics, building & construction, and others. By type, it is categorized into starch blended with PLA, starch blended with PHA, and others (starch-based PVOH blends and PBS). Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The market is witnessing high demand owing to water permeability and heat preservation properties of starch-based bioplastics, making them ideal for use in agriculture industry as they lower soil contamination and enhance sustainability, which in turn also increases the use of renewable raw materials obtained from agro-industrial waste. However, the major problem associated with the use of non-biodegradable plastic films is that they pollute soil when they are buried in landfills; in addition, the removal and disposal of these plastic residues from the field either before or after harvest is a costly and time-consuming process.
Increase in disposable income, rapid growth in the global economy; and rise in usage in medical applications such as in controlled drug release, space filling implants, and wound treatments contribute to market growth. Furthermore, robust growth of the medical field owing to technological advancements is also expected to cater to the market demand. In addition, biopolymer films used in agriculture & horticulture are known as mulch films. They prevent the loss of humus and provide soil with appropriate amounts of carbon. Environmental concerns and low labor costs are expected to propel the market growth. However, ongoing innovation in mulch films and substantial government subsidies are expected to create new opportunities for market expansion.
Key players, including Biome Bioplastics, Innovia Films, Greenhome, Novamont S.P.A, NatureWorks LLC, Corbion, BASF SE, Biobag International, Cardia Bioplastics, Toray Industries, Braskem S.A have invested in R&D activities to develop advanced products to cater to the requirements of the market.
The other players in the value chain (profiles not included in the report) include Tagleef Industries, Meredian Holdings Group Inc., NatureWorks LLC, Corbion NV, Metabolix, Inc., Danimer Scientific, Biopolymer International, Solanyl Biopolymers, and HARBEC, Inc.
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Starch Based Bioplastics Market Key Segmentation:
Others (Thermoforming and Foaming)
Starch Blended with PLA
Starch Blended with PHA
Others (Starch-based PVOH Blends and PBS)
Agriculture & Horticulture
Electrical & Electronics
Building & Construction