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Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand f.....
Starch Polymers Market: By Technology, By Type, and By Application and Geography
Starch Polymers Market: By Technology, By Type, and By Application and Geography
Starch Polymers Market size was valued at US$ 4.6 billion in 2022 and is poised to grow at a CAGR of 5.7% from 2023-2029. The increased application of starch polymers in various food industries and pharmaceutical industries. Development and launch of innovative products by the market players enable a surge in the global stearic acid market demand over the forecast years. For instance. In 2018, Novamont launched the biodegradable and compostable Cuki Gelo bag made of Mater-Bi. MATER-BI products improve the quality and quantity of organic waste collection, thus contributing to the reduction of CO2 emissions and soil desertification. Based on end-user, the market is segmented into rigid packaging, flexible packaging, textile, agriculture & horticulture, consumer goods, automotive transport, electrical & electronics, building & construction, and others. Flexible packaging represents the largest and fastest-growing segment as these polymers are used in manufacturing food packaging and edible films which are odorless, tasteless, colorless, non-toxic, and biodegradable.
In June 2017, DuPont and Sumitomo Chemical collaborated to accelerate the development and commercialization of novel seed-applied technologies.
Study Period
2024-2030Base Year
2023CAGR
5.7%Largest Market
Asia PacificFastest Growing Market
Asia Pacific
Synthetic polymers are non-recyclable, non-renewable, non-biodegradable, and pollute the environment with harmful compounds. The starch polymers market is predicted to be driven by increased government action to lessen the impact of greenhouse gases (GNG). Food packaging, textile sizing agents, adhesives, and healthcare applications all use starch polymers. A favourable prognosis for the global packaging sector, notably industrial packaging and bag and sack films, is likely to boost market growth.
Europe currently accounts for the majority of the total global market share, representing the leading market. In this region, starch blended biodegradable polymers are used in the form of microsphere or hydrogel to deliver drugs in the healthcare sector. Europe accounts for a major share in the market mainly on account of favorable regulatory environment for bio-based/renewable chemical manufacturers.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2022 |
US$ 4.6 billion |
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Market CAGR |
5.7% |
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By Technology |
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By Type |
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By Application |
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The starch polymers market size was valued at US$ 4.6 billion in 2022
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
The starch polymers market key players are Novamont, Rodenberg, Wuhan Huali, Nihon Cornstarch Corporation
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.