Starch Polymer Market to record USD 365.16 Mn growth — Driven by the rise in consumer adoption of biodegradable plastics for packaging – QNT Press Release

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NEW YORK, Sept. 14, 2022 /PRNewswire/ — The “Starch Polymer Market by End-user and Geography – Forecast and Analysis 2022-2026” report has been added to Technavio’s offering. According to the report, the market will observe an incremental growth of USD 365.16 million between 2021 and 2026, expanding at a CAGR of 4.89% during the forecast period. The report considers various aspects such as the consumer base, adoption rate, average selling price, revenue generated by vendors, and various other factors to estimate the market size. Download Sample PDF Report Here to get an idea of ​​the overall scope of the full report.

The global starch polymer market is fragmented due to the presence of numerous local and global vendors. Established vendors have great customer service skills, financial capacities, and product development technical knowledge. Vendors compete based on product quality, pricing, and operating expenses. Furthermore, global vendors have greater financial, technological, and other resources than their local vendors allowing them to survive changes in the market. Thus, vendor competitiveness was high in 2021 and is expected to remain the same during the forecast period due to increasing R&D spending by key vendors and new product launches, resulting in the growth of the market in focus during the forecast period.

Some of the dominant players in the market include 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.

Although the rise in consumer adoption of biodegradable plastics for packaging will offer immense growth opportunities, higher prices of starch polymers than conventional plastics will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The global starch polymer market is segmented as below:

• End-user
• Packaging
• Textile
• Agriculture
• Others

The market growth in the packaging segment will be significant over the forecast period. Starch-based polymers are extensively used in the packaging industry due to their biodegradability. During the forecast period, the usage of such polymers in the packaging industry is expected to increase, thus driving the growth of the segment.

• Geography
• Europe
• APAC
• North America
• South America
• The Middle East and Africa

Europe is the major market for starch polymers, occupying 38% of the global market share. The growth of the regional market can be attributed to an increase in the number of environment-friendly industrial operations in countries such as the UK, Germany, Spain, Polandand France. Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our starch polymer market report covers the following areas:

• Starch Polymer Market Size
• Starch Polymer Market Trends
• Starch Polymer Market Industry Analysis

Starch Polymer Market 2022-2026: Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the starch polymer market, including some of the dominant vendors. Backed with competitive intelligence and benchmarking, our research reports on the starch polymer market are designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.

Starch Polymer Market 2022-2026: Key Highlights

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will assist starch polymer market growth during the next five years
• Estimation of the starch polymer market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the starch polymer market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of starch polymer market vendors

Related Reports:

• Industrial Starch Market by Application and Geography – Forecast and Analysis 2022-2026
• Modified Potato Starch Market by Application and Geography – Forecast and Analysis 2020-2024

Full story available on Benzinga.com

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