IMARC Group’s new report, titled “Starch Blended Biodegradable Polymer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022” finds that the global starch blended biodegradable polymer market reached a volume of more than 280 Thousand Tons in 2016, growing at a CAGR of 16% during 2009 – 2016. Starch blended biodegradable polymers are made by combining starch and its derivatives with certain synthetic polymers via physical blending or chemical modification. These polymers have the biodegradability of starch as well as the physical properties of synthetic polymers. Currently, starch based biodegradable polymers represent the second largest category of biodegradable polymers after polylactic acid (PLA).
Highlights of the global starch blended biodegradable polymer market:
- Environment-friendly profile coupled with increasing applications have facilitated the market growth.
- Flexible packaging represents the largest and fastest growing end-use segment.
- Europe represents the leading market accounting for the majority of the total global share.
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Starch blended biodegradable polymers provide a number of advantages over other bio-based and synthetic polymers. They are easy to process as compared to other degradable polymers and have better physical and mechanical properties than pure plant based polymers. As starch is a sustainable raw material, these polymers have a positive environmental profile and do not aggravate pollution caused by the use of petroleum-based polymers. The prices of these polymers have also been witnessing continuous decline, making them more competitive as compared to their synthetic counterparts. Furthermore, the expanding applications of these polymers in industries such as packaging, agriculture, medical, etc. have added to the market growth. As a result, the global starch blended biodegradable polymers market is further expected to reach a volume of 526.1 Thousand Tons by 2022, growing at a CAGR of around 11% during 2017 – 2022.
On the basis of end-use, flexible packaging currently represents the largest and fastest growing segment. Other major segments include agriculture and horticulture, rigid packaging, consumer goods and building and construction. On the basis of region, Europe currently accounts for the majority of the total global market share, representing the largest market. Other major markets include Asia-Pacific and North America. Some of the key players include Rodenberg, Novamont, Livan, Wuhan Huali Environment Protection Sci. & Tech, Plantic Technologies, etc.
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The report by IMARC Group has examined the global starch blended biodegradable polymer market on the basis of:
- Flexible Packaging
- Agriculture and Horticulture
- Rigid Packaging
- Consumer Goods
- Building and Construction
- Western Europe
- North America
- Wuhan Huali Environment Protection Sci. & Tech
- Plantic Technologies
Browse more related reports on chemical and materials Industry: http://www.imarcgroup.com/categories/chemicals-market-reports
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