USD 4.03 billion
Starch Based Bioplastics Market Size, Share, Growth Analysis, By Technology(Thermoplastic starch, blends, coatings, nanocomposites), By Application(Packaging, agriculture, textiles, medical), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG15A2120 |
Region:
Global |
Published Date: February, 2024
Pages:
251
|Tables:
67
|Figures:
75
Starch Based Bioplastics Market Insights
Starch Based Bioplastics Market size was valued at USD 7.67 Billion in 2023 and is poised to grow from USD 8.75 Billion in 2024 to USD 27.16 Billion by 2032, growing at a CAGR of 14.1% during the forecast period (2025-2032).
The global starch-based bioplastics market was experiencing steady growth due to increasing demand for biodegradable and eco-friendly packaging materials, as well as a growing focus on sustainable development and reducing plastic waste. With increasing concerns about plastic pollution and its impact on the environment, many consumers and companies are looking for more sustainable alternatives to traditional plastics. Many countries are introducing regulations and policies to encourage the use of biodegradable and compostable materials, including starch-based bioplastics. Advances in bioplastic manufacturing technologies are making it easier and more cost-effective to produce starch-based bioplastics, which is helping to drive demand. As more companies focus on sustainability and reducing their environmental footprint, there is a growing demand for biodegradable packaging materials, including starch-based bioplastics. However, there are also some challenges facing the starch-based bioplastics market. For example, these materialscan be more expensive to produce than traditional plastics, which can make them less competitive in some markets. Additionally, there are still some technical challenges related to the durability and performance of starch-based bioplastics, which may limit their applicability in certain industries.
US Starch Based Bioplastics Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Thermoplastic starch
Fastest Growth
Thermoplastic starch
Growth Rate
14.1% CAGR
Global Starch Based Bioplastics Market by Technology ($ Bn)
Country Share for North America Region (%)
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Starch Based Bioplastics Market Segmental Analysis
Global Starch Based Bioplastics Market is segmented on the basis of technology, application and region. By technology, the Starch Based Bioplastics Market is segmented into thermoplastic starch, blends, coatings, nanocomposites, and others. By application, Starch Based Bioplastics Market is segmented into packaging, agriculture, textiles, medical, and others. By region, the Starch Based Bioplastics Market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Starch Based Bioplastics Market Analysis by Technology
Thermoplastic starch (TPS) is a widely used technology for the production of starch-based bioplastics. It involves the modification of starch to improve its thermoplastic properties, making it suitable for processing on conventional plastics processing equipment. TPS is used in various applications such as packaging, agriculture, and textiles. The thermoplastic starch (TPS) segment is one of the most widely used technologies for the production of starch-based bioplastics, and it is expected to continue to dominate the market in the coming years.
Starch-based bioplastics can also be produced by blending starch with other biodegradable polymers such as polylactic acid (PLA), polyhydroxyalkanoates (PHA), and cellulose. Blending improves the mechanical properties of starch-based bioplastics and enables them to be used in a wider range of applications. The blend segment is also expected to grow at a significant rate due to the increasing demand for biodegradable polymers with improved mechanical properties. The use of starch-based bioplastics as coatings is also expected to increase due to the growing demand for sustainable packaging solutions.
Starch Based Bioplastics Market Analysis by Application
The packaging segment is currently the largest segment of the global starch-based bioplastics market. This is due to the increasing demand for sustainable packaging solutions in various industries such as food and beverage, cosmetics, and pharmaceuticals. Starch-based bioplastics are used in the production of bags, films, containers, and other packaging products.
The agriculture segment is also expected to grow at a significant rate in the coming years. Starch-based bioplastics are used in agriculture as mulch films, plant pots, and other products. The demand for biodegradable mulch films is expected to increase due to the ban on traditional plastic mulch films in some countries.
Global Starch Based Bioplastics Market by Technology
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Starch Based Bioplastics Market Regional Insights
Europe is the largest market for starch-based bioplastics, accounting for over 40% of the total market share. Europe has a well-established regulatory framework promoting the use of sustainable materials, including bioplastics. The European Union has set ambitious targets for reducing plastic waste and increasing the use of bioplastics, which is driving demand for starch-based bioplastics. Starch-based bioplastics are increasingly being used in various industries, including packaging, consumer goods, agriculture, and automotive. The packaging industry is Europe's largest end-user of starch-based bioplastics, driven by increasing demand for sustainable packaging solutions. Europe has a well-developed infrastructure for waste management and recycling, which supports the growth of the starch-based bioplastics market. The region has established collection and recycling systems for bioplastics, which helps to reduce waste and promote the circular economy. Europe is home to several key players in the starch-based bioplastics market, including Novamont, BASF SE, and Corbion NV. These companies are investing in research and development to improve the performance and reduce the cost of starch-based bioplastics, which is expected to drive further growth in the market.
The Asia-Pacific region is the fastest-growing market for starch-based bioplastics, driven by several factors. The Asia-Pacific region is home to several major industries, including packaging, consumer goods, and automotive, which is driving demand for starch-based bioplastics. The packaging industry is the largest end-user of starch-based bioplastics in the region, driven by increasing demand for sustainable packaging solutions. The Asia-Pacific region has seen a growing awareness of environmental issues in recent years, leading to a shift towards sustainable materials. This is driving demand for starch-based bioplastics, which are seen as a more sustainable alternative to traditional plastics. Many countries in the Asia-Pacific region have implemented policies and regulations to promote the use of bioplastics. For example, in Japan, the government has set targets for the use of bioplastics in packaging and products, which is driving demand for starch-based bioplastics. The Asia-Pacific region is home to several key players in the starch-based bioplastics market, including Mitsubishi Chemical and Bio-On. These companies are investing in research and development to improve the performance and reduce the cost of starch-based bioplastics, which is expected to drive further growth in the market.
Global Starch Based Bioplastics Market By Region
- Largest
- Fastest
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Starch Based Bioplastics Market Dynamics
Starch Based Bioplastics Market Drivers
Government regulations and policies
- Government regulations and policies are key drivers of the global starch-based bioplastics market, as they play a crucial role in promoting the use of biodegradable and compostable materials and creating a supportive regulatory environment for the bioplastics industry. One major factor driving government regulations and policies related to bioplastics is the growing concern about plastic waste and its impact on the environment. Many countries are implementing measures to reduce plastic waste and promote more sustainable alternatives, including biodegradable and compostable materials. For example, the European Union has set ambitious targets to reduce plastic waste and increase the use of sustainable materials, including a goal to ensure that all plastic packaging in the EU is recyclable or reusable by 2030. The EU has also implemented a ban on single-use plastics, which includes items like plastic cutlery, plates, and straws, and is promoting the use of biodegradable and compostable alternatives. Similarly, countries like India and China are implementing policies to promote the use of bioplastics and reduce plastic waste. In India, for example, the government has launched a campaign to reduce single-use plastics and is promoting the use of biodegradable and compostable materials. China has also introduced regulations to limit the use of plastic bags and promote the use of biodegradable materials. In addition to promoting the use of biodegradable and compostable materials, government regulations and policies can also support the growth of the bioplastics industry by providing financial incentives and research funding. For example, many countries offer tax credits or subsidies for companies that produce or use bioplastics, which can help to offset some of the costs associated with these materials. Governments may also provide funding for research and development of new bioplastic technologies, which can help to drive innovation and improve the performance and cost-effectiveness of these materials.
Increasing consumer awareness
- Increasing consumer awareness is a key driver of the global starch-based bioplastics market, as consumers are becoming more environmentally conscious and demanding sustainable and eco-friendly products. With growing concerns about the impact of plastic waste on the environment, consumers are looking for alternatives to traditional plastics that are biodegradable, compostable, and renewable. Starch-based bioplastics offer a sustainable solution, as they are made from renewable resources and can biodegrade in the natural environment, reducing the amount of plastic waste that ends up in landfills or oceans. Consumers are also becoming more informed about the environmental impact of the products they use, and are looking for products that align with their values and beliefs. As a result, many companies are responding to this demand by introducing bioplastics into their product lines or promoting the use of biodegradable and compostable packaging materials. In addition, consumers are increasingly willing to pay a premium for sustainable products and are actively seeking out environmentally-friendly options. This has created a market opportunity for manufacturers of bioplastics, as consumers are willing to pay more for products made from sustainable materials.
Starch Based Bioplastics Market Restraints
High production costs
- The high production costs of starch-based bioplastics are a major restraint for the global starch-based bioplastics market. While bioplastics offer many benefits compared to traditional plastics, they can be more expensive to produce due to the cost of raw materials, processing, and equipment. The raw materials used to produce starch-based bioplastics, such as corn or potato starch, can be more expensive than traditional plastic materials like petroleum-based polymers. In addition, the processing and manufacturing of bioplastics require specialized equipment and facilities, which can add to the production costs. Furthermore, the economies of scale for the production of bioplastics are not as developed as those for traditional plastics. Traditional plastics are produced in large a volume, which helps to reduce the cost of production. However, the demand for bioplastics is still relatively low, which means that production volumes are not as high, and the cost of production remains relatively high.
Limited availability of raw materials
- The limited availability of raw materials is a major restraint for the global starch-based bioplastics market. The raw materials used in the production of starch-based bioplastics, such as corn or potato starch, are derived from crops that require land, water, and other resources to grow. The availability of these raw materials is limited by a variety of factors, including weather, pests, and disease. For example, droughts or floods can damage crops, reducing the availability of raw materials. Additionally, competition for these raw materials can increase as demand for bioplastics grows, driving up prices and limiting availability. Moreover, the use of crops for bioplastic production has raised concerns about the impact on food security, as it may divert crops that could be used for food production. This can lead to higher food prices and shortages in some regions, particularly in developing countries where food security is already a major issue. Another issue related to the limited availability of raw materials is the potential for land use change. As demand for raw materials for bioplastics increases, there is a risk that land will be converted from other uses, such as food production or conservation, to grow crops for bioplastics. This can have negative impacts on ecosystems and biodiversity.
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Starch Based Bioplastics Market Competitive Landscape
Global Starch Based Bioplastics Market is highly fragmented, with many small and large players operating in the market. The market is dominated by a few major players who account for a significant share of the market. These companies are investing heavily in research and development to develop new and innovative bioplastic materials that offer superior performance and environmental benefits compared to traditional plastics. They are also expanding their production capacities to meet the growing demand for bioplastics from various industries, including packaging, consumer goods, automotive, and agriculture. In addition to these major players, there are many other companies that operate in the starch-based bioplastics market, including smaller and regional players that specialize in specific types of bioplastics or serve niche markets. These companies are also investing in research and development to develop new materials and expand their market presence.
Starch Based Bioplastics Market Top Player’s Company Profiles
- Novamont S.p.A.
- BASF SE
- Total Corbion PLA
- Roquette Frères
- NatureWorks LLC
- Arkema S.A.
- Mitsubishi Chemical Corporation
- Biome Technologies PLC
- Plantic Technologies Ltd.
- Corbion N.V.
- Danimer Scientific
- DuPont de Nemours, Inc.
- Toray Industries, Inc.
- Tereos S.A.
- Braskem S.A.
- Tate & Lyle PLC
- Synbra Technology B.V.
- Cardia Bioplastics Limited
- Fkur Kunststoff GmbH
- Green Dot Bioplastics Inc.
Starch Based Bioplastics Market Recent Developments
- In August 2021, Novamont launched a new grade of its Mater-Bi bioplastic for use in the production of flexible packaging. The new grade, called SBF60, is said to have excellent mechanical and barrier properties and is suitable for use in various packaging applications.
- In July 2021, NatureWorks announced plans to build a new production facility in Thailand to meet the growing demand for its Ingeo bioplastics in the Asia-Pacific region. The new facility is expected to have a production capacity of 75,000 metric tons per year and is scheduled to start production in 2024.
- In June 2021, Total Corbion PLA and The Marine Stewardship Council (MSC) announced a partnership to promote the use of sustainable bioplastics in the seafood industry. The partnership aims to encourage the use of bioplastics made from renewable resources such as sugarcane and corn starch in seafood packaging and reduce plastic waste in the oceans.
- In April 2021, Danimer Scientific announced a partnership with plastic packaging manufacturer Plastic Suppliers, Inc. to develop new biodegradable films and laminates made from Danimer's Nodax PHA bioplastic. The new materials are intended to replace traditional petroleum-based films and reduce plastic waste.
- In February 2021, Braskem's commitment of USD 62 million to increase the manufacturing ability of green ethylene obtained from sugarcane ethanol is a significant investment that reflects the company's commitment to sustainable and renewable materials. The increased production capacity will enable Braskem to meet the growing demand for its renewable polyethylene products and reduce its environmental footprint.
- In January 2021, Trinseo completed the extension of its thermoplastic elastomers R&D Center in Mussolente, Italy is also a significant development for the company's bioplastics offering. The expanded facility will provide Trinseo with enhanced R&D capabilities to develop new and improved bioplastic materials that meet the needs of its customers and the market.
Starch Based Bioplastics Key Market Trends
- Growing demand for eco-friendly packaging: There is a growing trend towards eco-friendly packaging, which is driving the demand for starch-based bioplastics in the global market. Consumers are increasingly aware of the environmental impact of plastic waste and are seeking sustainable alternatives to traditional packaging materials. This trend is particularly evident in the food and beverage industry, where companies are looking for ways to reduce their carbon footprint and improve their environmental performance. Starch-based bioplastics offer several benefits over traditional plastic packaging. They are made from renewable resources, such as corn or potato starch, which are biodegradable and compostable. Unlike traditional plastics, which can take hundreds of years to break down, starch-based bioplastics can biodegrade in a matter of months, reducing the amount of plastic waste that ends up in landfills or oceans. In addition to the environmental benefits, starch-based bioplastics offer several practical advantages for packaging. They have similar physical and mechanical properties to traditional plastics, making them suitable for a wide range of applications. They are also versatile and can be molded into different shapes and sizes, making them suitable for a variety of packaging needs.
Starch Based Bioplastics Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Global Starch Based Bioplastics Market analysis, the global market has been growing steadily in recent years due to the increasing demand for sustainable and biodegradable alternatives to traditional plastics. The market is expected to continue to grow in the coming years, driven by factors such as government regulations, consumer demand, and technological advancements. The Europe region is expected to dominate the global market in the coming years due to the high demand for sustainable products. The thermoplastic starch segment is expected to continue to dominate the global market by technology due to its low cost and ease of processing. The blends, coatings, and nanocomposite segments are also expected to grow at a significant rate due to the increasing demand for bioplastics with improved mechanical and barrier properties. The packaging segment is currently the largest segment of the global market, driven by the increasing demand for sustainable packaging solutions in various industries. The agriculture and medical segments are also expected to grow at a significant rate due to the increasing demand for biodegradable materials in these industries.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 4.03 billion |
| Market size value in 2031 | USD 23.8 billion |
| Growth Rate | 14.1% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Starch Based Bioplastics Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Starch Based Bioplastics Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Starch Based Bioplastics Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Starch Based Bioplastics Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Starch Based Bioplastics Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Starch Based Bioplastics Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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