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Increase In Demand Of Starch Based Packaging Market Insight To Restrict Revenue Growth During Forecast Period 2024 - 2032

10-03-2024 05:48 PM CET | Logistics & Transport

Press release from: WiseGuy Reports

Increase In Demand Of Starch Based Packaging Market Insight

The starch-based packaging market is experiencing notable growth, driven by increasing consumer demand for sustainable and eco-friendly packaging solutions. Starch, derived from renewable plant sources such as corn, potatoes, and tapioca, is an ideal alternative to conventional plastic materials. This biodegradable packaging is gaining traction across various industries, including food and beverage, cosmetics, and pharmaceuticals, due to its ability to reduce environmental impact while maintaining functionality. The growing awareness of plastic pollution, combined with government regulations promoting sustainable practices, is further fueling the adoption of starch-based packaging.

The size of the starch-based packaging market was estimated at USD22.36 billion in 2023. It is projected to grow from USD25.37 billion in 2024 to USD69.60 billion by 2032. The compound annual growth rate (CAGR) for the starch-based packaging market is expected to be approximately 13.45% during the forecast period from 2025 to 2032.

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Starch Based Packaging Market Companies Are:

Sealed Air ,Mondi Group ,Reynolds Group Holdings ,Graphic Packaging International ,Ball Corporation ,Amcor ,Smurfit Kappa Group ,Sonoco Products ,WestRock ,DS Smith ,Huhtamaki Group ,Greif, Inc. ,International Paper ,Berry Global ,Stora Enso

Driver

Rising Environmental Concerns and Demand for Sustainable Packaging:

A primary driver of the starch-based packaging market is the increasing environmental concerns related to plastic waste. As consumers become more eco-conscious, there is a significant shift towards sustainable packaging options that minimize environmental impact. Starch-based packaging, being biodegradable and compostable, addresses this concern effectively. Companies across industries are adopting starch-based materials to align with consumer preferences and regulatory requirements, thus driving market growth.

What Is Included In Starch Based Packaging Market Segmentation?

Starch Based Packaging Market Material Type Outlook

• Cornstarch
• Wheat starch
• Potato starch
• Tapioca starch

Starch Based Packaging Market Application Outlook

• Food Packaging
• Beverage Packaging
• Non-food Packaging

Restraint

Limited Barrier Properties Compared to Traditional Plastics:

One of the key restraints in the starch-based packaging market is the limited barrier properties of starch-based materials compared to traditional plastics. Starch-based packaging may not offer the same level of protection against moisture, oxygen, and other external factors, which can affect product shelf life. This limitation can be a concern for manufacturers, particularly in the food and beverage industry, where preserving product quality is critical. Consequently, some companies may hesitate to fully transition to starch-based solutions without further advancements in material technology.

Opportunity

Technological Advancements and Innovations:

There is a significant opportunity for growth in the starch-based packaging market through technological advancements and innovations. Research and development efforts aimed at improving the properties of starch-based materials can lead to the creation of more robust and versatile packaging solutions. Innovations in blending starch with other biopolymers or incorporating additives can enhance barrier properties, making starch-based packaging suitable for a broader range of applications. Additionally, the development of new manufacturing processes can reduce production costs and improve scalability, further driving market adoption.

Highlights of the report:

Report provides detailed insights into

• Demand and supply conditions of Starch Based Packaging Market

• Factor affecting the Starch Based Packaging Market in the short run and the long run

• The dynamics including drivers, restraints, opportunities, political, socio-economic factors, and technological factors

• Key trends and future prospects

Table of Contents

SECTION I: EXECUTIVE SUMMARY AND KEY HIGHLIGHTS
EXECUTIVE SUMMARY
• Market Overview
• Key Findings
• Market Segmentation
• Competitive Landscape
• Challenges and Opportunities
• Future Outlook
SECTION II: SCOPING, METHODOLOGY AND MARKET STRUCTURE
SECTION III: QUALITATIVE ANALYSIS
SECTION IV: QUANTITATIVE ANALYSIS
SECTION V: COMPETITIVE ANALYSIS
LIST Of tables
LIST Of figures

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Contact Us
WISEGUY RESEARCH CONSULTANTS PVT LTD
Office No. 528, Amanora Chambers Pune - 411028 Maharashtra, India 411028
Sales +91 20 6912 2998

About WiseGuy Reports

We Are One Of The World's Largest Premium Market Research & Statistical Reports Centre
Wise Guy Reports is pleased to introduce itself as a leading provider of insightful market research solutions that adapt to the ever-changing demands of businesses around the globe. By offering comprehensive market intelligence, our company enables corporate organizations to make informed choices, drive growth, and stay ahead in competitive markets.
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