The cornstarch packaging market size is projected to be valued at USD 233.0 million in 2023 and is expected to rise to USD 1,145.0 million by 2033. The sales of cornstarch packaging are expected to record a significant CAGR of 17.3% during the forecast period. Various factors propelling the demand for cornstarch packaging g are:
Cornstarch packaging, also known as biodegradable or compostable packaging, is becoming increasingly popular in the market due to its environmental benefits.
Unlike traditional packaging materials such as plastic, cornstarch packaging is made from renewable resources and can be biodegraded or composted after use. Reducing the amount of waste in landfills and the environment.
Customers opted for single-use plastics to protect their health and hygiene during the outbreak of the pandemic, leading to a shift in consumer purchasing behavior. However, as immunization rates climb, customers and businesses alike are refocusing on sustainability.
Scaling up packaging options is essential to the success of both the product and the business as more companies are declaring their commitment to the environment.
The demand for cornstarch-based packaging is not limited to the food industry but extends to the paper, adhesives, poultry/animal feed, and fireworks industries.
While the usage of corn starch bags as a plastic substitute is gaining traction, the market is still in its early stages.
Corn starch bags are biodegradable and 30% more durable than existing polythene bags, making them an appealing option for environmentally conscious consumers. This offers a niche market for new entrants who may be able to attract a core audience.
Although numerous natural raw materials can be utilized to manufacture biodegradable bags, maize is the widely available raw material worldwide.
The complexity and price of switching from plastic to corn starch packaging are significant variables that could affect market growth.
However, the fact that starch accounts for only a small portion of the nation's maize supply indicate that there is much opportunity for capability expansion.
The regulatory environment and consumer awareness also have an impact on the growth of the corn starch packaging industry. As a result, corn starch-based packaging has the potential to capture a substantial market share in the next ten years.
| Attribute | Details |
|---|---|
| Cornstarch Packaging Market Estimated Size (2023) | USD 233.0 million |
| Cornstarch Packaging Market CAGR (2023 to 2033) | 17.3% |
| Cornstarch Packaging Market Forecasted Size (2033) | USD 1,145.0 million |
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Food takeaway and food orders have become standard practices worldwide due to people's busy lifestyles. Resulting in a surge in demand for the biodegradable food packaging market. Another trend that is driving sales of biodegradable food packaging is food on the go.
The market is estimated to expand at 17.3% CAGR between 2023 and 2033, in comparison to the 8.5% CAGR registered from 2018 to 2022.
In recent years, the cornstarch packaging business has grown significantly. The fundamental driver of this increase has been the desire for sustainable and eco-friendly packaging solutions. Consumer preferences are shifting towards biodegradable packaging solutions as people become more aware of environmental issues and the environmental impact of plastic waste.
The food and beverage industry, which is the leading contributor to plastic waste, has predominantly fueled the market for cornstarch packaging. Cornstarch packaging is widely utilized in this business for snacks, baked items, and fresh produce. Cornstarch packaging is also being used in the cosmetics and personal care industries for items like soap and shampoo bars.
The growth of the cornstarch packaging market is also expected to be influenced by technological advancements. Such as, in the production of biodegradable materials and the development of new and innovative packaging solutions. As more companies declare their commitment to the environment, scaling up packaging options is essential to the success of both the product and the business.
The above-mentioned factors are likely to assist the market to surpass the value of USD 1,145.0 million by 2033.
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Cornstarch-based tableware, such as disposable plates, cups, and silverware, accounts for a substantial portion of the cornstarch packaging business. These biodegradable and compostable goods have become a popular alternative to standard petroleum-based plastics for single-use items.
Tableware made of cornstarch has various advantages over standard plastic tableware. They are constructed of renewable resources and are biodegradable and compostable. This means they can be broken down into natural components and do not contribute to environmental plastic waste. Furthermore, cornstarch-based tableware is microwave and freezer safe, making it ideal for a variety of uses.
Cornstarch-based packaging goods are widely used in the food business. Cornstarch-based packaging can be utilized in a variety of food packaging applications, including bags, containers, trays, and films.
The cornstarch packaging for the food sector is biodegradable and compostable, which means that it can be disposed of in an ecologically sound manner. Lowering the amount of plastic waste that ends up in landfills or seas. Furthermore, cornstarch-based packaging can be created with a variety of barrier qualities. Making it useful for packing a variety of food items such as dry goods, snacks, and fresh produce.
Europe is a significant market for cornstarch-based packaging because of rising consumer demand and government requirements. The region has been at the forefront of the transition to sustainable packaging solutions.
Several European countries have put regulations in place to limit plastic waste. Such as banning single-use plastic goods and incentivizing the use of sustainable packaging alternatives. This has increased demand for biodegradable and compostable cornstarch-based packaging goods, which are an appealing alternative to standard petroleum-based plastics.
The European cornstarch packaging market is also known for its high degree of innovation. Where manufacturers always produce new and improved products to fulfill the changing needs of consumers and the industry.
The United Kingdom is one of the top countries in Europe, with an increasing need for biodegradable packaging. The increased awareness of the sustainability elements of packaging products, together with recent government measures, is providing a favorable market setting for the country's growth of the researched industry.
The restriction on single-use plastics is one of the key factors influencing demand for biodegradable packaging. To combat plastic pollution, the United Kingdom government announced plans in 2021 to ban single-use plastic cutlery, plates, and polystyrene cups in England.
The food sector in the United States is vast, and many businesses are seeking sustainable packaging solutions. To reduce their environmental effect and meet consumer demand for eco-friendly products. Cornstarch-based packaging is a biodegradable and compostable alternative to standard petroleum-based plastics, making it an appealing choice for businesses trying to lessen their environmental impact. Furthermore, numerous jurisdictions in the United States have established regulations to limit plastic waste. Such as prohibitions on certain single-use plastic products and plastic bag levies. These policies have raised the demand for environmentally friendly packaging solutions, such as cornstarch packaging.
Given the region's vast population and expanding middle class, demand for packaged food and beverages has soared. As a result, there is a greater demand for environmentally friendly packaging alternatives, such as cornstarch-based packaging.
Many cornstarch-based packaging producers are also situated in China. The country has a substantial corn sector, which provides a convenient and low-cost source of raw materials for the manufacture of cornstarch-based packaging solutions. Chinese producers are investing in R&D to create new and novel cornstarch-based packaging goods with enhanced features such as strength, durability, and heat resistance.
The abundance of raw materials and rapid technological advancement in the field of cornstarch packaging are expected to be key market drivers.
According to the Packaging Industry Association of India (PIAI), the Indian packaging market is likely to be worth more than USD 204.81 billion by the end of 2025. Rising per capita spending and high demand for superior products with lightweight and durable cornstarch packaging that protects them from contamination drive market growth over the forecast period.
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Some key players in the market include:
Other notable players in the cornstarch packaging market include Cargill Inc., PSM Biodegradable Packaging, LLC, and Eco-Products, Inc.
The market is characterized by intense competition, with players focusing on innovation and product differentiation to gain a competitive edge. Manufacturers are investing in research and development to create new and improved cornstarch-based packaging products with enhanced properties such as increased strength, durability, and heat resistance. Additionally, players are focusing on developing customized packaging solutions for specific applications, such as food packaging, to cater to the specific needs of their customers.
| Attribute | Details |
|---|---|
| Growth Rate | CAGR of 17.3% from 2023 to 2033 |
| Base Year of Estimation | 2023 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD million and Volume in Units and F-CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, growth factors, Trends, and Pricing Analysis |
| Key Segments Covered | By Product type, By Sales Channel, By End User Industry, By Region |
| Regions Covered | North America; Latin America; Europe; East Asia; South Asia; The Middle East & Africa; Oceania |
| Key Countries Profiled | The United States, Canada, Brazil, Mexico, Germany, Italy, France, The United Kingdom, Spain, Russia, China, Japan, India, GCC Countries, Australia |
| Key Companies Profiled | Amcor Ltd.; Constantia Flexibles Group GmbH; Berry Global Group, Inc.; Huhtamäki Oyj; Sonoco Products Company; Bemis Company, Inc.; Sealed Air Corporation; AR Packaging Group AB; Mondi Group; DS Smith Plc; CCL Industries Inc. |
| Customization & Pricing | Available upon Request |
The market is valued at USD 233.0 million in 2023.
The market is estimated to record a CAGR of 17.3% through 2033.
The market registered an 8.5% CAGR from 2017 to 2022.
The global market is expected to reach USD 1,145.0 million by 2033.
Cornstarch-based tableware is likely to remain preferred through 2033.
1. Executive Summary | Cornstarch Packaging Market 2. Market Overview 3. Market Background 4. Global Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type 5.1. Product Type, 2023 to 2033 5.2. Tableware 5.3. Bags 5.4. Pouches 5.5. Boxes 6. Global Analysis 2018 to 2022 and Forecast 2023 to 2033, By Sales Channel 6.1. Sales Channel, 2023 to 2033 6.2. Online 6.3. Offline 7. Global Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Use 7.1. End Use, 2023 to 2033 7.2. Food 7.3. Personal Care & Cosmetics 7.4. Pharmaceuticals 7.5. Textile 7.6. Retail 8. Global Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Europe 8.4. East Asia 8.5. South Asia 8.6. Oceania 8.7. MEA 9. North America Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Europe Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. East Asia Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. South Asia Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Oceania Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. MEA Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Key Countries Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. L&P Packaging Co. Ltd 18.2. Vegware 18.3. Navkar Plastic 18.4. Easy Green Eco Packaging Co., Ltd. 18.5. Gainyo 18.6. Weavabel 18.7. Yinji Paper Products Factory 18.8. Hefei Hyde Environment Protection Technology Co., Ltd. 18.9. Somya Enterprises 18.10. Biopacktech Co., Ltd 18.11. Green Man Packaging 18.12. Eco Packaging Solutions 18.13. Packtato 18.14. CHANNEL PACKAGING PVT LTD 18.15. Agroha Industries 18.16. Easy Flux 18.17. Green Olive Environmental Technology Co., Ltd. 18.18. EcoGreen Packaging Pte Ltd 19. Assumptions & Acronyms Used 20. Research Methodology
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Cornstarch Packaging Market
