Starch polymers market was valued at US $ XX Mn and expected to grow at XX% Compound Annual Growth Rate (CAGR) from 2019 to 2025.
Market Outline: Starch Polymers Market
Starch is defined as a natural polymer that possesses many unique properties, which make it ideal for packaging and edible film applications. Starch-based bio plastics are produced from starch, blended with thermoplastic polyesters with an aim to obtain a biodegradable and compostable product. The properties of these bio plastics 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 bio plastics are extensively implemented in the medical industry owing to their enhanced biocompatibility, non-toxicity, better mechanical properties, and degradation properties as required.
Market Dynamics: Starch Polymers Market
The major demand driver fuelling the growth of the starch polymer market is their extensive use in various applications such as food packaging, agriculture etc. Owing to their declining costs, the use of starch blended biodegradable polymers has surpassed that of synthetic polymers. This is anticipated to propel the growth of the starch blended biodegradable polymers market globally. In addition, the lower price and greater availability of starch coupled with its environment-friendly profile has made it as a viable alternative to petrochemical-based polymers. This is spurring the demand for starch blended biodegradable polymers worldwide. The stringent regulations by the government regarding the production of these polymers will impede the market growth. Apart from starch blended polymers, there are various other biodegradable polymers which can substitute these polymers in their applications, thereby posing a threat to the market growth.
Market Scope: Starch Polymers Market
Starch polymer market is segmented based on product type, application, and end user
Based on product type, market is segmented into the following:
- Starch Blended with PLA
- Starch Blended with PHA
Based on the application, market is segmented into the following:
- Rigid Packaging
- Flexible Packaging
- Agriculture & Horticulture
- Consumer Goods
- Automotive Transport
- Electrical & Electronics, Building & Construction
Based on the technology, the market is segmented into the following:
- Blow Moulding
- Injection Molding
Regional Analysis: Starch Polymers Market
Geographically, starch polymer market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. 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. Other major markets include Asia-Pacific and North America.
Competition Assessment: Starch Polymer Market
Some of the players in the starch polymer market include:
- Wuhan Huali
- Nihon Cornstarch Corporation
- Plantic Technologies
- Lactel Absorbable Polymers
- Balson Industries
Notable Market Developments: Starch Polymer Market
- In June 2017, DuPont and Sumitomo Chemical collaborated to accelerate development and commercialization of novel seed-applied technologies.