Starch-Based Plastics Market share 2021-2027: Size, Business Growth, Share, Key Players, Revenue, and Forecast
Market Highlights Global Starch-Based Plastics Market is estimated to be valued at USD 2,353.05 Million by 2027 and register a CAGR of around 9.2% during the forecast period. Global Starch-Based Plastics Market is expected to witness a surging growth in the coming assessment period due to its widespread use in food packaging. The growth is mainly attributed to their extensive properties such as increased shelf life, reduced food loss, and enhanced organoleptic characteristics of food. Stringent regulations regarding plastic films, changing consumer preferences, and advancements in technologies are expected to support the global market's growth during the forecast period. However, factors such as limited production facilities and the high cost of starch-based plastics hamper the growth of the global market. Nevertheless, the projected rise in demand for starch-based plastics in Asia-Pacific and continuous expansion and product launch by key manufacturers is likely