Starch-Blended Biodegradable Polymer Market Fundamentals and Forecast Analysis 2023-2031

The global starch-blended biodegradable polymer market revenue was US$ 1.62 billion in 2021. The starch-blended biodegradable polymer market revenue is forecast to reach US$ 3.4 billion by 2030, registering a compound annual growth rate (CAGR) of 8.2% during the forecast period from 2022 to 2030.

Combining starch with synthetic polymers creates a starch-blended biodegradable polymer. The second most common type of biodegradable polymer is starch-based polymers. A starch-containing polymer can vary from 10% to 90% in content, is crystalline in nature, and is relatively easy to manufacture. The development of starch-blended biodegradable polymers has gained significant traction in recent years since it has become a viable alternative to petrochemical-based polymers due to its lower costs, wider availability, and environmental friendliness.

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Factors Influencing Market Growth

The growing use of starch in polymers to improve their biodegradability and rising demand for biodegradable packaging materials from developed and developing regions are primary factors driving the global starch-blended biodegradable polymer market.Due to the rise in consumer interest in renewable feedstock and biopolymers, there are now many alternatives to conventional plastics, thus boosting demand in the global starch-blended biodegradable polymer market.

The high price of biodegradable plastics may negatively impact the demand for the global starch-blended biodegradable polymer market.

Impact Analysis of COVID-19

Covid-19 had a noticeable impact on stakeholders across the starch-blended biodegradable polymer industry since all the production work, factories, and other activities were closed. Lack of raw materials and less demand from industries have severely hampered the market.

As a result, global production halted due to supply chain disruptions. However, the governments imposed various restrictions after the pandemic, such as working with half the workforce and limiting operating hours to hinder the market's production cycle. Therefore, the losses result in less demand from the packaging, textile, and agricultural industries.

Despite this, the market is forecast to recover after the pandemic, with sectors aiming to increase production rates to make up for the incorporated losses.

Regional Insights

Region-wise, Asia Pacific held dominance in 2020 for the global starch-blended biodegradable polymer market and is forecast to remain dominant during the forecast period. Growing economies in South East Asian countries, increasing disposable income, easy availability of raw materials used to produce biodegradable plastics, and increasing populations drive the market growth in the APAC region.

In addition, the growing demand for eco-friendly alternatives for traditional plastics from emerging nations such as China and India support the expansion of the starch-blended biodegradable polymer market in the country.

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Leading Competitors

The leading prominent companies profiled in the global starch-blended biodegradable polymer market are:

Novamont S.p.A.
Rodenburg Biopolymers
Nihon Cornstarch Corporation
BioGrade
Plantic Technologies Limited
BASF SE
Wuhan Huali Environmental Technology Co., Limited
LACTEL Absorbable Polymers
Balson Industries
TryEco LLC
Other Prominent Players

Scope of the Report

The global starch-blended biodegradable polymer market segmentation focuses on Technology, Type, Application, and Region.

Segmentation based on Technology

Blow Molding
Extrusion
Injection Molding
Others

Segmentation based on Type

Starch Blended with Polylactic acid (PLA)
Starch Blended with Polyhydroxyalkanoate (PHA)
Starch Blended with Polycaprolactone (PCL)
Starch Blended with Polyhydroxybutyrate-Hydroxyvalerate (PHB-HV)
Others

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Segmentation based on Application

Agriculture and Horticulture
Automotive and Transportation
Packaging
Food and Beverage
Building and Construction
Electrical & Electronics
Biomedical
Textile
Other

Segmentation based on Region

North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America

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