DUBLIN--(BUSINESS WIRE)--The "Starch based Bioplastics Market by Technology - Global Opportunity Analysis and Industry Forecast, 2017-2023" report has been added to ResearchAndMarkets.com's offering.
The global starch-based bioplastics market size was valued at $424 million in 2016, and is anticipated to grow at a CAGR of 3.7% from 2016 to 2023, to reach $561 million by 2023.
Starch-based plastic is being produced on laboratory scale using glycerol on aluminum foil. This thermoplastic starch is known as bio-plastic starch. Thermoplastic starch currently represents the most widely used bioplastic, constituting majority of the bioplastic market. Starch-based bioplastics are often blended with biodegradable polyesters to produce starch/polylactic acid and starch/polycaprolactone, which are used for industrial applications such as in food packaging.
Enhanced usage of starch-based bioplastics as an alternative packaging, owing to its barrier property such that it limits moisture transfer from the food to the atmosphere; and stringent environment over use of these films, which have a less negative impact on environment as compared to traditional plastics, drive the market growth. In addition, fluctuation in oil prices tend to force companies to search for a stable source of raw material, which further creates lucrative opportunities for the market growth. Furthermore, subsequent utilization of starch based films in the packaging sector for food packaging, cosmetics packaging, pharmaceuticals packaging, and goods packaging favors market growth.
- Biome Bioplastics
- Innovia Films.
- BASF SE
- Natureworks LLC
- Corbion Purac
- Cardia Bioplastic
- Toray Industries Inc.
- Braskem S.A.
- Biobag International
- Novamont S.P.A
Key Topics Covered:
Chapter 1. Introduction
Chapter 2. Executive Summary
Chapter 3. Market Overview
Chapter 4. Global Starch Based Bioplastics Market, By Type
Chapter 5. Global Starch Based Bioplastics Market, By Technology
Chapter 6. Global Starch Based Bioplastics Market, By Application
Chapter 7. Global Starch Based Bioplastics Market, By Geography
Chapter 8. Company Profiles
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