The starch-based packaging market size is projected to be valued at USD 7,214.5 million in 2023 and is expected to rise to USD 13,416.0 million by 2033. The sales of starch-based packaging are projected to expand at a significant CAGR of 6.4% during the forecast period. Various factors propelling the demand for starch-based packaging are:
Starch-based packaging is an environment-friendly alternative to standard plastic packaging that has grown in popularity in recent years.
Many companies are turning to starch-based packaging as a sustainable solution as the world becomes aware of the environmental impact of plastic waste.
Starch-based packaging is biodegradable and compostable since it is derived from renewable resources such as corn, potatoes, and cassava. It has the same qualities as plastic packaging, but it degrades the environment considerably, lowering the quantity of plastic trash that ends up in landfills and oceans.
Another benefit of starch-based packaging is its adaptability. It can be used to make a variety of packaging materials, such as food packaging, shopping bags, and shipping materials. Furthermore, it can be tailored to specific product requirements, making it an ideal solution for businesses looking for a sustainable packaging option.
Consumers seek products and packaging that reflect their beliefs as they become ecologically concerned. As a result, numerous companies have adopted starch-based packaging to separate themselves from competitors and appeal to environmentally concerned consumers.
Many countries have banned or taxed single-use plastic packaging, forcing businesses to look for sustainable alternatives. This has opened up a new market for companies that provide starch-based packaging solutions.
There are some disadvantages to using starch-based packaging. One of the most significant obstacles is the expense. Starch-based packaging is frequently expensive as compared to typical plastic packaging, which might be prohibitively expensive for some businesses.
Packaging made of starch has a low shelf life than plastic, which might have an impact on product quality and shelf stability.
The market for starch-based packaging is to expand in the coming years. Starch-based packaging is projected to become an important aspect of the packaging industry as many companies and consumers seek sustainable alternatives to standard plastic packaging.
Starch-based packaging is a possible solution to the worldwide plastic waste problem due to its sustainability, adaptability, and market growth potential.
| Attribute | Details |
|---|---|
| Starch-based Packaging Market Estimated Size (2023) | USD 7,214.5 million |
| Starch-based Packaging Market CAGR (2023 to 2033) | 6.4% |
| Starch-based Packaging Market Forecasted Size (2033) | USD 13,416.0 million |
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In recent years, there has been a surge of interest in starch-based packaging as an environment-friendly alternative to plastic packaging. This has resulted in increased research and development in the field, as well as a rise in demand for starch-based-based materials. This trend is likely to continue as several consumers and businesses become environmentally conscious and seek sustainable packaging alternatives. The market is estimated to expand at 6.4% CAGR between 2023 and 2033, in comparison to the 4.0% CAGR registered from 2018 to 2022.
Advancements in manufacturing technology in the production of starch-based products are estimated to boost market expansion even further.
New manufacturing techniques and material formulations with increased strength, durability, and barrier qualities are being developed, making them appropriate for a wide range of packaging solutions.
Another possibility is the potential for product creation and innovation. Starch-based packaging can be tailored to fit the needs of various sectors and products. Packaging for food products, for example, may require different qualities than packaging for electronics or medical devices.
Companies that continue to engage in research and development may be able to produce new starch-based packaging solutions with improved performance and functionality.
The growing demand for e-commerce has created a demand for packaging that is both environment-friendly and provides adequate protection during shipping. As starch-based packaging can be designed to provide excellent cushioning and shock absorption, it is an excellent choice for e-commerce packaging.
There is a chance for businesses to profit from government regulations and incentives. Many governments around the world are enacting policies to encourage the use of environment-friendly packaging materials, such as starch-based packaging. Companies that invest in these materials may be eligible for tax breaks or other financial assistance.
Principal Consultant
FMI Anticipates the Segment Acquired more than 53.9% of the Market Share in 2022.
Tableware has a prominent share of the starch-based packaging market since it is a typical item used in large quantities in the food service industry.
Starch-based polymers are often less expensive to manufacture than standard plastics, and they may be mass-produced. As a result, they are a cheap option for food service organizations that require big numbers of dinnerware.
Tableware made from starch is versatile and can be utilized in a variety of food service applications. It comes in a range of forms, sizes, and colors, making it simple to pick the correct sort of dinnerware for various types of food and drinks.
Food Businesses to Acquire 60.5% Market Share of the Starch-based packaging market.
Given the strong demand for packaging materials to transport and preserve food products, the food sector leads the starch-based packaging market. Starch-based packaging is an environment-friendly alternative to standard plastic packaging, which aligns with the food industry's concept of sustainability. Furthermore, starch-based packaging is biodegradable and compostable, making it appropriate for food products as well as environment-friendly.
The food business has strict standards for safety and quality, which starch-based packaging meets. Finally, as customers grow environmentally conscious, there is an increased need for eco-friendly products, such as food wrapped in sustainable materials, leading to an increase in demand for starch-based packaging.
The European Union has put policies and regulations in place to encourage the use of sustainable packaging materials, such as starch-based packaging. As a result, the region's demand for starch-based packaging has increased.
Many countries in Europe have set goals to reduce plastic waste and promote the use of biodegradable materials, increasing the demand for starch-based packaging solutions. In Europe, the food and beverage industry is a key end-user of starch-based packaging. Highly fragmented take-out outlets as well as cafeterias are the primary contributors to starch-based packaging solutions.
The United States government has taken initiatives to encourage the use of biodegradable and compostable packaging materials. The Break Free from Plastic Pollution Act, enacted in 2021, would oblige manufacturers to accept responsibility for their plastic trash and minimize the number of single-use plastics generated in the country. This could raise demand for alternative packaging materials like starch-based packaging.
The United States is home to several important participants in the starch-based packaging business, including Plantic Technologies, Inc., Eco-Products, and NatureWorks LLC. These companies are actively involved in the development and manufacture of starch-based packaging solutions, which contribute to the region's market growth.
Region to witness a CAGR of 9.5% during the Analysis Period.
The country's vast population and expanding economy have led to an increase in the consumption of packaged goods, which has also increased the demand for packaging materials, including starch-based packaging.
The government of China has enacted policies and regulations to encourage the use of environment-friendly and sustainable packaging materials. The country approved a new standard for biodegradable plastics, including starch-based polymers, in 2020. This has increased production and consumption by encouraging the use of starch-based packaging throughout the country.
The food industry has adopted sustainable packaging alternatives, including starch-based packaging to fulfill the increased customer demand for eco-friendly products.
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Some of the key players in the market include Cargill, Inc., Roquette Frères, Plantic Technologies, Inc., Novamont S.p.A., and NatureWorks LLC. These companies are involved in the development, manufacturing, and distribution of starch-based packaging solutions. They have a significant market presence in various regions around the world. They are also investing in research and development to improve the quality and performance of their products and to stay competitive in the market.
There are also several small companies in addition to these large players focused on developing innovative and niche starch-based packaging solutions. These companies often operate in specific regions or markets and may specialize in specific types of products or applications.
The market is also witnessing collaborations and partnerships between different companies to develop and market new products and solutions.
Latest Developments:
| Attribute | Details |
|---|---|
| Growth Rate | CAGR of 6.4 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 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, growth factors, Trends, and Pricing Analysis |
| Key Segments Covered | By Packaging Format, By Material, 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 | Seamore; Evoware; Bloom; CuanTec; Starch-based Energy Solutions; AlgaePac; Algopack; Sea6 Energy; Oceanium; Cascadia Starch-based |
| Customization & Pricing | Available upon Request |
The 2023 market value is USD 7,214.5 million
The market will flourish at a 6.4% CAGR through 2033.
Europe holds a 35.9% revenue share in the market.
Key players are Seamore, Evoware and Bloom.
The market will reach USD 13,416.0 million in 2033.
1. Executive Summary 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 Material 5.1. Starch-based Packaging Market Overview 5.2. Thermoplastic Starch (TPS) 5.3. Starch Blends 6. Global Analysis 2018 to 2022 and Forecast 2023 to 2033, By Packaging Formats 6.1. Packaging Formats Overview 6.2. Tableware 6.3. Pouches & Bags 6.4. Films & Wraps 6.5. Bottles & Cups 6.6. Boxes & Cartons 6.7. Others (Blisters, etc.) 7. Global Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Use 7.1. End Use Overview 7.2. Food 7.3. Beverage 7.4. Pharmaceutical 7.5. Consumer Goods 7.6. Others (Agricultural Products, Electronics, etc.) 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. Biopacktech Co., Ltd. 18.3. Biome Bioplastics 18.4. Modern-Pak Pte Ltd 18.5. MVI ECOPACK Inc. 18.6. good natured Products Inc. 18.7. UNIGREEN Packaging 18.8. Ecoeat India Private Limited 18.9. BIOTEC Biologische Naturverpackungen GmbH & Co. KG 18.10. BioBag International AS 18.11. Green Olive Environmental Technology Co., Ltd. 18.12. Wuhan Huali Biomaterial Co., Ltd. 18.13. Polybags Limited 18.14. Purple Planet Packaging 18.15. Polythene UK Ltd. 19. Assumptions & Acronyms Used 20. Research Methodology
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Starch-based Packaging Market
