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Starch-based Packaging Market is predicted to reach USD 12.4 Billion at a CAGR of 13.5% during the forecast period 2032

Market Research Future (MRFR) has published on the “Global Starch-based Packaging Market

that contains information from 2018 to 2032. The Starch-based Packaging market is estimated to register a CAGR of 13.5% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global starch-based packaging market— Seamore, Evoware, Bloom, Cuan Tec, Starch-based Energy Based, AlgaePac, Algopack, Sea6 Energy, Oceanium, and Cascadia Starch-based

Market Highlights

The global starch-based packaging market is accounted to register a CAGR of 6.70% during the forecast period and is estimated to reach USD 12.4 Billion by 2032.

A rise in the use of starch-based bioplastics as alternative packaging due to their barrier properties, which limit moisture transfer from food to the atmosphere, and the implementation of strict environmental regulations over use of these films, which have a lower negative environmental impact than traditional plastics, act as the key drivers of the global starch-based bioplastic market. Profitable opportunities for industrial expansion are also created as companies look for a consistent source of raw materials as a result of changing oil prices. Additionally, it is projected that the packaging industry's use of starch-based films for commodities packaging, pharmaceutical packaging, food packaging, and cosmetic packaging will drive market growth. Additionally, it is anticipated that continuous government subsidies and investments in biodegradable plastics would spur market expansion by easing the difficulties involved in disposing of traditional plastics in landfills and the ocean. Governments are actively supporting the use of bioplastics through taxation and subsidy programmes, which has a significant positive impact on the market's growth.

Segment Analysis

The global starch-based packaging market has been segmented based packaging type, technology, and application.

On the basis of packaging type, the market is segmented into starch blended with PLA, starch blended with PHA, and others. Starch blended with PLA segment dominated the global market in 2022. This is explained by the fact that PLA with additional starch is a material with positive environmental effects.

Based on technology, the global starch-based packaging market has been segmented into injection molding, blow molding, extrusion, and others. Injection molding segment dominated the global Starch-based Packaging market in 2022. The advantages of automation and the decline in costs associated with the injection moulding process account for this.

Based on application, the global starch-based packaging market has been segmented into rigid packaging, flexible packaging, textile, consumer goods, agriculture, automotive, building & construction, electronics, and others. Rigid packaging segment dominated the global market in 2022. This is understandable given the widespread use of starch-based bioplastics in the packaging, consumer goods, agriculture, and automotive & transportation sectors.

Regional Analysis

The global Starch-based Packaging market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Starch-based Packaging market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Starch-based Packaging market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Starch-based Packaging market comprises of Middle East, Africa, and Latin America.

The largest market share for Starch-based Packaging was maintained by the North American regional sector. The North America Starch-based Packaging Market is expected to register significant growth from 2023 to 2032. The region's growth is mostly attributable to the established presence of key end use industries and the accessibility of cutting-edge technologies. The American government has taken action to encourage the use of compostable and biodegradable packaging materials. With the implementation of the Break Free from Plastic Pollution Act in 2021, producers will be obligated to take responsibility for their plastic trash and lessen the quantity of single-use plastics produced in the country. This may lead to a rise in demand for packaging made from substitute materials, such starch.

Europe Starch-based Packaging market accounted for the healthy market share in 2022. This is because there are top-notch facilities for research and development and tight governmental guidelines for reducing carbon impact. Due to the goals many European countries have set for themselves to reduce plastic waste and promote the use of biodegradable materials, the demand for packaging made of starch has surged. In Europe, the food and beverage industry makes up a sizeable portion of the end users of starch-based packaging. Cafeterias and widely spread take-out restaurants are the primary providers of starch-based packaging solutions. Further, the German Starch-based Packaging market held the largest market share, and the U.K Starch-based Packaging market was the fastest growing market in the European region.

In the Asia Pacific region, countries like China, India, Japan, and South Korea have been major contributors to the growth of the starch-based packaging market. Increasing consumer awareness regarding sustainable packaging options, coupled with stringent regulations promoting eco-friendly solutions, has driven the demand for starch-based packaging in the region. Additionally, the expanding e-commerce sector and growing middle-class population have further fueled the adoption of these packaging materials.

In the LAMEA region, countries such as Brazil, South Africa, and the United Arab Emirates have witnessed a rising demand for starch-based packaging. Factors such as the growing preference for sustainable and biodegradable packaging solutions, along with increasing government initiatives to reduce plastic waste, have boosted the market. Moreover, the food and beverage industry in these regions has shown a keen interest in adopting starch-based packaging materials to meet consumer demands for environmentally friendly products.

Key Findings of the Study

  • The global Starch-based Packaging market is expected to reach USD 12.4 Billion by 2032, at a CAGR of 6.70% during the forecast period.

  • The Asia-Pacific region accounted for the fastest-growing global market due to increasing government support, and presence of developing economies.

  • Based on type, the Starch segment dominated the global market in 2022.

  • Seamore, Evoware, Bloom, Cuan Tec, Starch-based Energy Based, AlgaePac, Algopack, Sea6 Energy, Oceanium, and Cascadia Starch-based

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