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Starch-based Bioplastics Market - Forecast(2023 - 2028)
Starch-based Bioplastics Market Overview
The Starch-based Bioplastics Market size is estimated to reach US$2.9 billion by
2027 after growing at a CAGR of 9.8% during the forecast period 2022-2027.
Starch-based bioplastics are the complex blend of starch, chitosan &
cellulose with natural biopolymers such as polylactic acid and polyhydroxybutyrate. The high versatility, strength and mechanical properties
of such bioplastics are driving their demand for packaging and various other
industrial applications in the food & beverages, automotive and construction
sectors, thereby influencing the starch-based bioplastics market. Factors such
as government regulations on conventional plastic usage, bolstering growth in the
automotive sector and growing construction activities are driving the growth of
the starch-based bioplastics industry. However, the complex manufacturing
process of such plastics is anticipated to pose a challenge to the market
growth, which might negatively affect the starch-based bioplastics market size. The COVID-19 pandemic caused the shutdown of various manufacturing sites and factories in
major end-users of starch-based bioplastics such as automotive, food &
beverage and personal care sectors resulting in a decrease in market demand for
such bioplastics. This also negatively impacted the Starch-based Bioplastics industry outlook.
Starch-based Bioplastics Market Report
Coverage
The
“Starch-based Bioplastics Market Report
– Forecast (2022-2027)” by IndustryARC, covers an in-depth analysis of the
following segments in the Starch-based Bioplastics Market.
Key Takeaways
- Asia-pacific
dominates the Starch-based Bioplastics industry owing to the rapid consumption
of food items and growing automotive production in the region which is driving
the demand for Starch-based Bioplastics in the region.
- Regulations
on the usage of conventional plastics to tackle pollution issues have provided
more scope for Starch-based Bioplastics to be used as an effective alternative for
packaging applications in the food & beverages sector.
- Growing
demand for new cars has increased the automotive production scale. This has
created a surge in the demand and usage of Starch-based Bioplastics for seats,
mats & carpets applications, thereby having a significant influence on the Starch-based Bioplastics industry outlook.
- The
complex nature of manufacturing Starch-based Bioplastics can hamper the
production scale of such plastics, thereby negatively impacting the Starch-based Bioplastics market size during the forecast period.
Figure: Starc-based Bioplastics Market Revenue Share, by Geography, 2021 (%)
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Starch-based Bioplastics Market Segment Analysis – by Type
Starch blended Polylactic Acid held the largest share in the Starch-based Bioplastics market share in 2021 and is projected to grow at a CAGR of 9.9%
during the forecast period 2022-2027. Biopolymers such as polylactic acid,
starch, cellulose and chitosan are complementary to each other and share the same
mechanical properties. The addition of polylactic acid to a mixture of starch
and cellulose provides tensile strength to the end bioplastic products, makes
them more durable and also provides heat resistance ability. The inexpensive
and high-performance nature of biopolymers like polylactic acid is driving the
demand for making starch-based bioplastics, which is contributing to the
segment growth of the starch blended polylactic acid during the forecast period. These factors are,
thereby, having a significant influence on the market.
Starch-based Bioplastic Market Segment Analysis – by End-use Industry
The food & beverages sector held the largest Starch-based Bioplastics market share in 2021 and is projected to grow at a
CAGR of 10.3% during the forecast period 2022-2027. Starch-based bioplastics
consisting of cellulose and chitosan are renewable and provide better food preservation due to which such bioplastics
have high applicability in the food & beverages sector for packaging food
items. Food consumption has grown significantly over the years increasing retail
sales of food items. According to the US Census Bureau, in
September 2021, grocery retail sales increased by 7.5% in the country. Also,
according to the Ministry of Industry and Information Technology, in 2021,
retail sales of dairy products and frozen meats increased by 9% in China, while
fruit and vegetable sales increased by 7%. Furthermore, according to Brazilian
Supermarket Association, in July 2021, the retail sales of food items in
Brazilian supermarkets increased by 21% in comparison with 2019 sales. With the
growing sale of food items, the demand for Starch-based Bioplastics for
packaging applications is anticipated to rise which is projected to boost the
market growth in the food & beverages sector.
Starch-based Bioplastic Market Segment Analysis – by Geography
Asia-pacific held the largest share in the Starch-based Bioplastics market share of up to 41% in 2021. The high applicability of starch-based bioplastics in the food & beverages sector for packaging applications as well as in the automotive sector for seats & carpets is creating a drive in its demand and market growth. Rapid development in these sectors on account of growing demand has resulted in an increase in consumption as well as production scales of such sectors. According to the National Bureau of Statistics, in the first four months of 2022, groceries sales in China supermarkets increased by 2.4%. According to the survey conducted by the Retailers Association of India in 2021, the sales of food & grocery items increased by 28% in the country. Furthermore, according to the International Organization of Motor Vehicles Manufacturers, in 2021, automotive production in Asia-pacific increased by 6% in comparison to 2020. An increase in food retail sales and automotive production has accelerated the demand for starch-based bioplastics for packaging applications in the food & beverages sector and seats & carpets applications in the automotive sector, thereby positively impacting the Starch-based Bioplastics market growth.
Starch-based Bioplastics Market Drivers
Stringent Regulations on Conventional Plastic Usage:
Conventional petroleum-based plastics have high carbon content due to which they are harder to get properly decomposed and their incineration causes air pollution. Usage of such plastics for food packaging can cause food contamination, leading to various health hazards. Certain regulations have been imposed by the governing bodies to prevent the usage of conventional plastics such as single-use plastics. According to the Plastic Waste Management Amendment Rules, 2021, implemented by the Ministry of Environment, Forest and Climate Change, single-use plastic would be prohibited in India by 2022. According to the National Conference of State Legislature, in 2019, Senate Bill 1508 passed in New York exempted the use of single-use plastic bags provided by groceries stores. Such regulations would accelerate the usage of Starch-based Bioplastics for packaging applications, thereby boosting the growth of the Starch-based Bioplastics industry during the forecast period.
Bolstering growth in the Automotive Sector:
Starch blend polylactic acid, having
high tensile strength and improved durability, is used in the automotive sector
for seats, mats & carpets applications. Due to rapid urbanization,
technological upgradation and growing investment inflows, automotive production
has shown a significant increase. According to the International
Organization of Motor Vehicles Manufacturers, in 2021, global automotive
production stood at 80.1 million units, showing a 3% increase in comparison to
2020. Furthermore, automotive production at the regional level also showed a significant
increase. According to the same data, automotive production in
South America increased by 18% more than the corresponding year. Such an increase
in automotive production has provided major scope for starch-based bioplastics
for seats, mats & carpets applications in the automotive sector, thereby
positively impacting the growth of the Starch-based Bioplastics industry during the
forecast period.
Starch-Based Bioplastics Market Challenge
Complexities in Manufacturing:
Starch-based Bioplastics are
completely biodegradable and environmentally friendly. However, manufacturing
such plastics involves certain requirements. For instance, the additives used
in manufacturing starch-based bioplastics need to be compostable and renewable to make the plastics more durable. Also, starch-based bioplastics have the
disadvantages of hydrophilicity, low water vapor barrier property and low
freeze stability due to which several procedures are employed to improve the
molecular structure of starch. Such requirements lead to complexities in the starch-based bioplastics manufacturing process, which is anticipated to pose a major
challenge in the growth of the starch-based bioplastics market, thereby
negatively impacting the Starch-based Bioplastics market size during the
forecast period.
Starch-based Bioplastics Industry Outlook
Technology launches, acquisitions
and R&D activities are key strategies adopted by players in the Starch-based Bioplastics market. The top 10 companies in the Starch-based Bioplastics market are:
- BASF SE
- Biome Bioplastics Limited
- Cardia Bioplastics Ltd.
- Corbion N.V
- Innovia Films Limited
- Natureworks LLC
- Novamont SPA
- Comitatvs
- Yield10 Bioscience Inc.
- Toray Industries Inc.
Recent Developments
- In June 2022, TotalEnergies launched compostable polylactic acid bioplastics to replace conventional plastics in food packaging applications, thereby establishing its presence in sustainable packaging materials.
- In January 2022, Natureworks LLC selected Sulzer’s customized state-of-art production technology for manufacturing its polylactic bioplastics which would be used in compostable food packaging applications.
- In January 2021, Novamont acquired starch-based bioplastic manufacturer Biobag International Inc. and such an acquisition would strengthen the company’s presence in making compostable Starch-based Bioplastics for waste collection and packaging applications.
Relevant Reports
Report Code – CMR 0846
Report Code – CMR 24805
Report Code – CMR 85122
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