The new report by Expert Market Research titled, ‘Global Starch Blended Biodegradable Polymer Market Report and Forecast 2023-2028’, gives an in-depth analysis of the global starch blended biodegradable polymer market size, assessing the market based on its segments like polymers type, end uses, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
The key highlights of the report include:
Market Overview (2018-2028)
- Forecast CAGR (2023-2028): 12.0%
Starch blended biodegradable polymer is a crucial component in the production of packaging products and materials. In this regard, the increasing demand for packaging products in the food and beverage sector, owing to the increasing sales of clean-labelled food products, is propelling the starch blended biodegradable polymer market.
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Over the forecast period, the anticipated increase in the application of this polymer in the agriculture industry owing to the increase in population is likely to provide impetus to the market. In terms of region, the Asia Pacific region accounts for a significant share of the market owing to the good economic growth of the emerging economies, such as India and China, which are likely to offer lucrative opportunities to the food packaging industry, thereby, propelling the demand for starch blended biodegradable polymer.
Starch Blended Biodegradable Polymer Industry Definition and Major Segments
Starch blended biodegradable polymer is defined as a biomaterial based on cellulose which can be degraded by microorganisms and enzymes. This polymer is obtained by processing low-density polyethylene, starch, and ethylene acrylic acid copolymer in water and glycerine and is utilised in the industrial sector in industries such as food packaging.
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On the basis of polymer type, the market can be segmented into:
- Biodegradable Starch
- Durable Starch
Based on end use, the market has been segmented into:
- Flexible Packaging
- Agriculture and Horticulture
- Rigid Packaging
- Consumer Goods
The regional markets for starch blended biodegradable polymer include:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Starch Blended Biodegradable Polymer Market Trends
The key trends in the starch blended biodegradable polymer market include the thriving e-commerce industry which is propelling the sales of food, medical, and electronic products, which is bolstering the demand for starch blended biodegradable polymer. Meanwhile, the growing research and development activities in the pharmaceutical industry are likely to be the other crucial trends in the market, which are anticipated to propel the demand for starch blended biodegradable polymer to explore the applicability of the product.
Moreover, the growing expansion of the domestic and international producers of the product aimed towards increasing production capacity of the polymer, supported by the government initiatives is likely to augment the market in the coming years.
Key Market Players
The major players in the market are:
- Novamont S.p.A.
- Rodenburg BioPolymers
- Guangzhou Zeesan Biotechnology Co. Ltd.
- BASF SE
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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