Starch-blended Bioplastic Market, By Type (Starch-blended with PLA, Starch- blended with PHA, and Others), By Application (Packaging & Bags, Textile, Agriculture, Consumer Goods, and Others), And By Region (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)- Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030
Starch-blended bioplastic are produced from natural resources such as corn, maize, sugarcane, potato starch, among others. It is an eco-friendly substitute for ordinary plastics. Moreover, the properties of starch-blended bioplastic are similar to the LDPE (low-density polyethylene). Thus, this bioplastic is used in manufacturing of recycling bags. Furthermore, Starch-blended bioplastic are biodegradable and compostable in the nature. Owing to these properties, bioplastic are used in environmental and biomedical sectors.
Market Dynamics:
Soaring demand for starch blended bioplastic
Starch-blended bioplastic offers different properties such as heat preservation and water resistance. Moreover, starch based bioplastic helps in decreasing bad impact of plastic in the nature. These bioplastic are used in food packaging industry, as it offers longer lifespan to the food products. Furthermore, packaging industries are focusing on the solutions regarding waste-disposal issues, which is boosting the demand for starch- blended bioplastic.
Preference for eco-friendly plastic products among the consumers
Growing awareness regarding the use of environment-friendly bioplastic instead of ordinary plastic, is projected to create ample opportunity throughout the global starch-blended bioplastic market. For instance, on May 15, 2019, the according to the CIEL (Center for International Environmental Law) report, the incineration and production of plastic will create more than 850 million metric tons of harmful greenhouse gases in the atmosphere. Thus, increasing concerns about sustainable plastic products is expected to drive the global starch-blended bioplastic market.
Lack of availability of the raw material
The raw materials required for the production of starch-blended bioplastic are wheat, tapioca, sugarcane, corn, and others. These raw materials are widely used in different applications such as food & beverages, healthcare, pharmaceuticals, and others. Furthermore, the production prices of starch is likely to hamper the global starch-blended bioplastic market growth.
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