Starch blended biodegradable polymer market witnesses growth of 16% CAGR from 2009 to 2016

16-May-17

Currently, starch based polymers represent the second largest category of biodegradable polymers. These polymers are crystalline in nature, reasonably easy to process and may have starch content ranging from 10% to greater than 90%. In recent years, starch-based biodegradable polymers have gained prominence to a great extent. Starch blended biodegradable polymer market witnesses growth of 16% CAGR from 2009 to 2016, as per ReportBuyer. The lower price and greater availability of starch coupled with its environment-friendly profile has made it as a viable alternative to polymers based on petrochemicals. Some key findings of the study:

The global starch blended biodegradable polymer market is currently being driven by the expanding applications of these polymers in various industries such as food, packaging, agriculture, etc. Furthermore, the prices of these products have been declining continuously over the past several years making them competitive compared to synthetic polymers. The consumption of starch based polymers has grown at a CAGR of around 16% during 2009-2016.
Bags and sacks currently represent the biggest end-use industry accounting for the majority of the total market. Bags and snacks are followed by loose fill and packaging. Western Europe currently represents the largest market accounting for the majority of the total global market. Western Europe is followed by Asia-Pacific and North America.