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The starch polymer market share is expected to increase by USD 365.16 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 4.89%.
This starch polymer market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers starch polymer market segmentation by end-user (packaging, textile, agriculture, and others) and geography (Europe, APAC, North America, South America, and the Middle East and Africa). The starch polymer market report also offers information on several market vendors, including BASF SE, Biome Bioplastics Ltd., Biotec GmbH Co., KG, Corbion NV, Danimer Scientific Inc, DuPont de Nemours Inc, FKuR Kunststoff GmbH, Green Dot Bioplastics Inc., Japan Corn Starch Co. Ltd, Kuraray Co Ltd, Mitsubishi Chemical Corp., NatureWorks LLC, Novamont Spa, PTT Global Chemical Public Co. Ltd., Rodenburg Productie BV, SABIC, Solvay SA, Toray Industries Inc., United Biopolymers SA, and Braskem SA among others.
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The rise in consumer adoption of biodegradable plastics for packaging is notably driving the starch polymer market growth, although factors such as higher prices of starch polymer than conventional plastics may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the starch polymer industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Starch Polymer Market Driver
The rise in consumer adoption of biodegradable plastics for packaging is one of the major drivers impacting the starch polymer market growth. Hospitals usually dispose of dangerous waste, sending the rest to landfills. Most of the produced waste is better managed if hospitals switch to biodegradable disposable products. Environmental awareness and sustainability are major preferences among today's customers, which is forcing manufacturers and end-users to adopt sustainable solutions, increasing in demand for starch polymers in healthcare, food and beverage, and retail industries for packaging. This, in turn, is expected to fuel the growth of the global starch polymer market during the forecast period. Biodegradable plastics are sustainable as they are manufactured using renewable biomass sources, such as vegetable fats and oils, straw, corn starch, woodchips, and food waste. Unlike conventional plastics, biodegradable plastics degrade completely and quickly without any hazardous emissions. Thus, the sustainable nature of biodegradable plastics allows for better acceptance of biodegradable plastics which in turn is expected to drive the growth of the starch polymer market during the forecast period.
Key Starch Polymer Market Trend
Government emphasis on efficient plastic waste management is one of the major trends influencing the starch polymer market growth. The production of polymers and plastics negatively impacts the environment. Waste polymer products also negatively affect the environment. Plastic waste management is a priority in most parts of the world as mass consumption of products with short lifespans is increasing, leading to an increase in the amount of waste generated. This waste often ends up in landfills or dumping grounds that have grave environmental impacts such as soil pollution, destruction of local flora and fauna, odor, leachate seepage into groundwater, and irreversible destruction of arable land. Thus, both the demand for and production of biodegradable polymers are increasing. Governments globally are also aiding the increased adoption of biodegradable polymers such as starch polymers through various initiatives. For instance, in July 2020, the Thai government started approving soft loans to manufacturers of starch polymers to promote the idea of green production. Such initiatives are expected to fuel the demand for starch polymer, fostering the growth of the global starch polymer market during the forecast period.
Key Starch Polymer Market Challenge
Higher prices of starch polymer than conventional plastics is one of the major challenges impeding the starch polymer market growth. Biodegradable polymers such as starch polymers are more expensive when compared with conventional plastics, which acts as a major challenge to market growth. The limited availability of bio-based renewable feedstock, such as starch polymer, increases the price of biodegradable polymers. In addition, the price of vegetable oils such as palm oil has increased in recent years. For instance, the price of palm oil in Malaysia increased by 68.54% in October 2021 when compared to the previous year. The volatility in the prices of renewable raw materials, such as corn and sugarcane, increases the price of starch polymers. In addition, the production process of biodegradable polymers from agro-based raw materials is very complex. Therefore, an increase in raw material prices will increase the production costs of packaging, thereby reducing the profit margin of vendors. This is expected to negatively affect the growth of the market in focus during the forecast period.
This starch polymer market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global starch polymer market as a part of the global commodity chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the starch polymer market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the starch polymer market encompasses successful business strategies deployed by the key vendors. The starch polymer market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The starch polymer market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the starch polymer market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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38% of the market’s growth will originate from Europe during the forecast period. Germany, the UK, and France are the key markets for the starch polymer market in Europe. Market growth in this region will be faster than the growth of the market in other regions.
The increase in demand for plastic recycling from countries such as Germany, France, Austria, and Italy will facilitate the starch polymer market growth in Europe over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The COVID-19 pandemic negatively affected the growth of the starch polymer market in Europe, impacting end-user industries, including packaging, textile, and medical, in 2020. As a result, several countries in Europe, such as the UK, Germany, France, and the Netherlands, imposed strict lockdowns in Q1 and Q2 of 2020, which resulted in the temporary shutdown of production units of starch polymer owing to the disruptions in the supply chain of production of raw materials required to produce starch polymer-based products in Europe in 2020. However, the removal of lockdowns owing to the initiation of large-scale vaccination drives in Europe resulted in the resumption of the operations such as industrial packaging in sectors such as F and B, and pharmaceuticals, which are expected to lead to the gradual growth of the regional starch polymer market during the forecast period.
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The starch polymer market share growth in the packaging segment will be significant during the forecast period. The packaging industry's increasing usage of biodegradable polymers such as starch polymers is expected to increase the demand for stiff recycled plastic components for packaging food products or electronic appliances at a lower cost, driving the growth of the global starch polymer market during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the starch polymer market size and actionable market insights on post COVID-19 impact on each segment.
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Starch Polymer Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 4.89% |
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Market growth 2022-2026 |
$ 365.16 million |
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Market structure |
Fragmented |
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YoY growth (%) |
4.22 |
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Regional analysis |
Europe, APAC, North America, South America, and Middle East and Africa |
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Performing market contribution |
Europe at 38% |
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Key consumer countries |
US, China, Germany, UK, and France |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
BASF SE, Biome Bioplastics Ltd., Biotec GmbH Co. and KG, Corbion NV, Danimer Scientific Inc, DuPont de Nemours Inc, FKuR Kunststoff GmbH, Green Dot Bioplastics Inc., Japan Corn Starch Co. Ltd, Kuraray Co Ltd, Mitsubishi Chemical Corp., NatureWorks LLC, Novamont Spa, PTT Global Chemical Public Co. Ltd., Rodenburg Productie BV, SABIC, Solvay SA, Toray Industries Inc., United Biopolymers SA, and Braskem SA |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by End-user
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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