A detailed study on Starch-Based Bioplastics Packaging market by FMI provides riveting insights into key dynamics, such as drivers and opportunities, facilitating the growth in the market. It uncovers challenges posing threats and highlights prospects for growth in the near future.
The global starch-based bioplastics packaging market is projected to be valued at US$ 15.5 Billion in 2023 and is anticipated to expand at a CAGR of 8.7%. Owing to the advances in packaging, the market is likely to surpass a valuation of US$ 35.7 Billion through 2033.
Starch-based bioplastics are derived from renewable resources, primarily corn, tapioca, and potato starch. These biodegradable polymers offer an environmentally friendly alternative to conventional packaging materials like plastic, which pose significant threats to the environment. Starch-based bioplastics are gaining popularity due to their ability to reduce carbon emissions and minimize waste generation.
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The Starch-Based Bioplastics Packaging Market is witnessing significant growth due to several key factors:
- Environmental Concerns: With the escalating concern over plastic pollution and its detrimental effects on ecosystems, consumers and businesses are seeking greener alternatives. Starch-based bioplastics provide a viable solution by offering biodegradability and reducing carbon footprint.
- Government Regulations: Governments worldwide are implementing stringent regulations to curb the use of single-use plastics. This has created a favorable environment for the adoption of starch-based bioplastics in various industries.
- Consumer Awareness: Increasing awareness among consumers about the environmental impact of plastic packaging has driven the demand for sustainable alternatives. Starch-based bioplastics fulfill this need by providing eco-friendly packaging options.
- Technological Advancements: Continuous research and development efforts have led to significant advancements in starch-based bioplastics’ mechanical and barrier properties, making them more suitable for various packaging applications.
Key Starch-Based Bioplastics Packaging Market Takeaways and Projections
- The U.S. is expected to lead the North America Starch-Based Bioplastics Packaging market, projecting the fastest growth in the region between 2023-2033
- Germany and the U.K. are expected to, collectively, hold the largest share in the Europe market over the assessment period.
- China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
- India is expected to emerge as a highly remunerative market in South Asia, contributing the significant revenue share in the region through 2033.
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Report Benefits & Key Questions Answered
- Starch-Based Bioplastics Packaging Historical Market Analysis: The detailed survey by FMI, examines key factors in the Starch-Based Bioplastics Packaging market that affected the growth in the market for the last assessment period 2016-2020 and also studies their consequent impact. It also provide refined the sales projection of the Starch-Based Bioplastics Packaging market for the forecast period 2023-2033.
- Starch-Based Bioplastics Packaging Category & Segment Level Analysis: The category & segment level analysis conducted by FMI studies the market in terms of segments. It studies the vital dynamics across each segment and also highlights their growth prospects in the coming ten years.
- Starch-Based Bioplastics Packaging Demand Outlook Analysis: Future Market Insight’s (FMI’s) exhaustive study provides crucial insights into key drivers and upcoming opportunities driving the demand for Starch-Based Bioplastics Packaging for the assessment period. As per the study, the demand for Starch-Based Bioplastics Packaging will grow at a robust CAGR between 2023-2033.
- Starch-Based Bioplastics Packaging Company & Brand Share Analysis: A recent study by FMI highlights a comprehensive list of leading market players and stakeholders in the global Starch-Based Bioplastics Packaging market. It examines the business execution, cost structure analysis, and supply chain analysis, of Tier 1, Tier 2, and Tier 3 players for the forthcoming decade.
- Starch-Based Bioplastics Packaging Market Trend Analysis: The latest study by FMI on the Starch-Based Bioplastics Packaging market offers compelling insights into key expansion strategies adopted by top-tier players with respect to current trends. It discloses details regarding upcoming trends in the packaging industry to assist market players in constructing an effective strategy to capitalize on them.
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Competitive Landscape Analysis
The market survey conducted by FMI offers key trends and challenges in the packaging industry and its consequent impact of Starch-Based Bioplastics Packaging market. The survey provides a thorough market share analysis to offer an in-depth analysis of prevailing competition.
It also provides a list of leading players and recent development in the global Starch-Based Bioplastics Packaging market. Some of the players in the global Starch-Based Bioplastics Packaging market are
- Biome Bioplastics
- BASF SE
- Corbion Purac
- Cardia Bioplastic
- Braskem S.A.
- Novamont S.P.A
- Innovia Films.
- Natureworks LLC
- Toray Industries Inc.
- Biobag International
- NatureWorks
- Metabolix, Inc.
Starch-Based Bioplastics Packaging Market: Market Segmentation
By Technology, Starch-Based Bioplastics Packaging Market can be segmented as:
- Blow molding
- Extrusion
- Injection Molding
- Others
By Material, Starch-Based Bioplastics Packaging Market can be segmented as:
- Starch blended with PLA
- Starch blended with PHA
- Starch blended with PVOH
- Starch blended with PBS
- Others
By Type, Starch-Based Bioplastics Packaging Market can be segmented as:
- Rigid Packaging
- Flexible Packaging
By End-Use Industry, Starch-Based Bioplastics Packaging Market can be segmented as:
- Home Care Industry
- Health Care Industry
- Personal Care Industry
- Food & Beverage Industry
- Automotive Industry
- Others
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