IMARC Group has recently released a new research study titled “Starch Blended Biodegradable Polymer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.
How big is the starch blended biodegradable polymer market?
The global starch blended biodegradable polymer market size reached US$ 1,029 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,527 Million by 2028, exhibiting a growth rate (CAGR) of 6.7% during 2023-2028.
What is starch blended biodegradable polymer?
The starch blended biodegradable polymers are produced by the combination of starch and synthetic polymers. They can be produced through physical blending or chemical modification processes. They possess a crystalline structure and have the ability to decompose into natural by-products, including water, biomass, gases (CO2 and N2), and inorganic salts, once they have fulfilled their intended purpose. Starch bended biodegradable polymers exhibit the biodegradable properties of starch along with the physical characteristics of synthetic polymers. Owing to their eco-friendly nature, these polymers are increasingly replacing petrochemical- and synthetic-based polymers. Consequently, starch blended biodegradable polymers find widespread applications across several sectors, such as consumer goods, packaging, horticulture, food packaging, healthcare, etc.
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Starch Blended Biodegradable Polymer Market Trends and Growth Drivers:
The escalating usage of the product in the food packaging segment on account of their odorless, tasteless, and non-toxic properties and in the production of edible films, which help preserve the freshness of food products, is primarily driving the starch blended biodegradable polymers market.
Additionally, the increasing environmental awareness among consumers has led to a elevating demand for green and sustainable products, which is also positively influencing the starch blended biodegradable polymers market growth. Moreover, the rising product adoption in the agricultural industry, where they are used as covers for greenhouses and mulch films to improve soil fertility and health and for controlling the efficient release of nutrients from fertilizers into the soil, is acting as another significant growth-inducing factor.
Apart from this, the shifting preferences toward starch blended biodegradable polymers in the medical field for drug delivery in the form of microspheres and hydrogels and bone tissue engineering are expected to propel the market in the coming years.
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Who are the key players operating in the industry?
The report covers the major market players including:
- Novamont S.p.A.
- Rodenberg
- Wuhan Huali
- Nihon Cornstarch Corporation
- Plantic Technologies
- DuPont
- BASF
- Lactel Absorbable Polymers
- Balson Industries
- Tryeco
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Key Regions:
- Western Europe
- North America
- Asia Pacific
- Others
Breakup by Polymer Type:
- Biodegradable Starch
- Durable Starch
Breakup by End Use:
- Flexible Packaging
- Agriculture and Horticulture
- Rigid Packaging
- Consumer Goods
- Others
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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