Starch-Based Packaging Market Size, Share, and Industry Analysis By Product Type (Bags & Pouches, Films & Wraps, Bottles, and Others), By End-use Industry (Food & Beverages, E-commerce, Automotive, Agriculture, and Others), and Regional Forecast, 2024-2032

Starch-based packaging is an environment-friendly alternative to standard plastic packaging that has been growing popular. Many market players are turning to starch-based packaging as a sustainable solution as consumers become aware of plastic waste's environmental impact. Starch-based packaging is compostable and biodegradable since it is derived from renewable resources such as potatoes, corn, and cassava. The sustainable characteristics are boosting the market growth. Another benefit of starch-based packaging is its adaptability, as it can be used to make various packaging materials, such as shopping bags, food packaging, and shipping materials. It can be tailored to precise product needs, making it an ideal solution for businesses looking for sustainable packaging, driving market growth.

• For instance, in December 2022, Grupa Azoty S.A. developed thermoplastic starch-based technologies, the first line of biodegradable and compostable polymer granules marked under the envifill brand. The line is prepared for extrusion and injection molding using traditional plastics processing equipment.

Numerous companies are adopting starch-based packaging to separate themselves from competitors and provide solutions to environmentally concerned customers. Many countries have banned single-use plastic packaging, forcing businesses to look for sustainable alternatives. The solution has opened a new market for companies that provide starch based packaging solutions. Moreover, the advancement in manufacturing technology in producing starch-based products is anticipated to boost the market expansion.

The high cost of starch-based packaging is the most significant obstacle to the market. Starch-based packaging is often expensive compared to standard plastic packaging, which might be prohibitively costly for some small businesses. However, increased raw material cost is anticipated to hamper the market growth during the forecast period.

The COVID-19 pandemic negatively affected the starch based packaging market. The market growth was adversely affected by the store network interference, natural substance cost, and lockdown restrictions. Moreover, in countries where single-use plastic packaging products are banned, the demand for starch-based packaging is increasing rapidly. The high feasibility and execution comparable to thermoplastics produced using petrol and carbon unbiased life cycle will propel the market growth during the forecast period.

KEY INSIGHTS

The report covers the following key insights:

• Recent Advancements in the Starch-Based Packaging Market


• Key Industry Trends


• Regulatory Landscape for the Starch-Based Packaging Market


• Key Industry Developments (Mergers, Acquisitions, and Partnerships)


• Impact of COVID-19 on the Market

SEGMENTATION

ANALYSIS BY PRODUCT TYPE

Based on product type, the market is segmented into bags & pouches, films & wraps, bottles, and others. The films & wraps segment holds the largest share in the starch-based packaging market. The product is used in large quantities in the food services industry. Starch-based polymers are more eco-friendly than standard plastic. Films and wraps are versatile and can be utilized in various end-use industries.

ANALYSIS BY END-USE INDUSTRY

Based on end-use industry, the market is segmented into food & beverages, e-commerce, automotive, agriculture, and others. The food & beverage segment holds the largest share in the end-use industry of the starch based packaging market. Starch-based packaging is an environment-friendly choice to standard packaging material, which aligns with the food industry’s concept of sustainability. Starch-based packaging is biodegradable and compostable, making it appropriate for food products.

REGIONAL ANALYSIS

Based on region, the starch based packaging market has been studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Europe is the leading region in the starch-based packaging market. The region has policies and regulations to encourage the use of sustainable packaging materials, such as starch-based packaging. As a result, the region’s demand for starch based packaging is increasing.

North America holds the second largest regional share as the government has taken initiatives to encourage the use of biodegradable and compostable packaging materials. The Break Free Act, enacted in 2021, minimizes the number of single-use plastics generated in the region and increases the use of packaging solutions. Asia Pacific records significant growth due to rising encouragement to customers to use environmentally friendly and sustainable packaging solutions. The use of packaging solutions from the end-use industries has increased the production and consumption of starch-based packaging in the region. Latin America is anticipated to record moderate growth due to the use of packaging for food, animal feed, pharmaceuticals, and corrugated industries, which are boosting consumption and driving the regional market growth. The Middle East & Africa market is expected to record stable growth as eco-friendly packaging that is easy to recycle and safe for individuals and the environment is increasing the use of starch-based packaging products and boosting the regional market growth.

KEY PLAYERS COVERED

The report includes the profiles of key players such as Evoware, Novamont, Biome Bioplastics Ltd., Plantic Technology Ltd., Natureworks LLC, Sea6 Energy, Cargill, Green Dot Bioplastics, Ingredion, and BIO-FED,.

KEY INDUSTRY DEVELOPMENTS

• In November 2021, Ingredion launched sustainable barrier starch for high-performing grease and oil resistance in food service packaging. The new starch paper helps paper and packaging producers meet the increasing demand for high-performing, sustainable grease and oil-resistant packaging.


• In October 2021, Evanesce opened its first U.S.-based manufacturing facility for sustainable product development. The company is keen to help accelerate the adoption of economically and sustainable viable packaging solutions.


• In June 2021, Novolex launched a U.S. manufacturing line to make compostable cups from plant-based plastic. The clear cups are made using polylactic, a plastic polymer from starch-based plants such as corn, wheat, and sugarcane.


• In September 2019, Cargill launched wheat-based starch innovations for paper packaging. It is obtained from renewable resources. The wheat-based starch is designed for applications such as folding box board, case material, solid bleached board, and plasterboard.