Growing Demand for Starch-Based Plastics in Food Packaging is also expected to contribute significantly to the Starch-Based Plastics market. Overall, applications of Starch-Based Plastics, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. New players are beginning to enter the market and established companies have been changing their business models a trend that will continue in the future.
AMAs Analyst on the Global Starch-Based Plastics Market identified that the demand is rising in many different parts of the world due to "Widely Used As an Alternative to Traditional Plastics". Furthermore, some recent industry insights like "In 2020, Hi-Tech Group is the first-ever manufacturer in India to increase a plant-based (corn starch) biopolymer called Dr. Bio, which can be utilized for changing the single-use as nicely as multi-use plastic gadgets consisting of straws, bottles, disposable cutlery, polybags, and cups with bio-compostable plastic items. The new product has been given the approval from the Institute of Petrochemicals Technology (previously referred to as the Central Institute of Petrochemicals Engineering & Technology)." is constantly making the industry dynamic. One of the challenges that industry facing is "Overcoming Miscibility Problems at High Starch Contents and Reducing costs, especially for biodegradable starch-polyester blends at low starch contents (<30 wt. %)"
The Type, such as Thermoplastic Starch, is boosting the Starch-Based Plastics market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The End-use, such as Automotive and Transportation, is boosting the Starch-Based Plastics market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Starch-Based Plastics market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Starch-Based Plastics market and other related sub-markets covered in the study.
o Key & emerging players in the Starch-Based Plastics market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Starch-Based Plastics market size is calculated using market estimation process, the Starch-Based Plastics market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Starch-Based Plastics market size has been validated using both top-down and bottom-up approaches.