Cornstarch Packaging Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 250.45 Million |
| Market Size (2029) | USD 323.68 Million |
| CAGR (2024 - 2029) | 5.26 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Europe |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Cornstarch Packaging Market Analysis
The Cornstarch Packaging Market size is estimated at USD 250.45 million in 2024, and is expected to reach USD 323.68 million by 2029, at a CAGR of 5.26% during the forecast period (2024-2029).
The cornstarch packaging market is a growing industry that offers a sustainable alternative to plastic and styrofoam. Cornstarch packaging is biodegradable and compostable, and it's made from a renewable resource, corn. It's becoming more popular as consumers and businesses demand more environmentally friendly packaging options.
- The growing demand for cornstarch packaging products, particularly in food takeaway containers, is part of a broader shift towards more sustainable and eco-friendly packaging solutions. Traditional packaging materials, such as plastic and styrofoam, have significant negative environmental impacts. Plastics take hundreds of years to degrade, contributing to pollution in landfills and oceans, while styrofoam is not biodegradable and often ends up in the environment, harming wildlife. As awareness of these environmental issues grows, both consumers and businesses are seeking alternatives that have a lower ecological footprint.
- Many foodservice companies are adopting sustainable practices to align with their corporate social responsibility goals. Switching to biodegradable packaging, including cornstarch containers, helps improve a brand's public image and appeal to environmentally conscious consumers. Major fast-food chains and delivery services are increasingly making the switch to more sustainable packaging options.
- Manufacturers of cornstarch packaging solutions aim towards innovating a wide range of eco friendly packaging solutions for food, pharmaceutical and other industries. Easy Green Eco Packaging Co. Ltd. provides compostable solutions that reduces carbon foot print by using renewable materials, instead of using 100% plastic.
- The cornstarch packaging market, while growing due to its environmentally friendly and biodegradable nature, faces several challenges. Cornstarch-based packaging is often more expensive to produce than traditional plastic packaging. This is due to the costs of sourcing raw materials (cornstarch), the energy-intensive processes involved in manufacturing, and the smaller scale of production. As a result, many companies may choose cheaper plastic alternatives, especially if they are price-sensitive.
Cornstarch Packaging Market Trends
Food Segment is Expected to Dominate the Market
- Data from the United States Department of Agriculture (USDA) highlights Germany as the leading market for food and beverages in the EU, boasting a consumer base of 84 million. The food takeaway and delivery sector across Europe has seen notable growth recently, influenced by evolving trends that shape consumer ordering and dining experiences. These trends are bolstering the demand for cornstarch packaging solutions, including containers and bags.
- In India, a surge in the urban population, the rise of dual-income households, shifting spending priorities, the emergence of nuclear families, and an increasing number of working women have all contributed to a fast-paced lifestyle. This lifestyle, coupled with limited cooking time and a growing preference for convenience, has spurred the country's food industry. Like many nations, India grapples with challenges surrounding plastic waste. As plastic finds its way into landfills, rivers, and oceans, industries face mounting pressure to transition to eco-friendly alternatives. Cornstarch packaging, being biodegradable, offers a more environmentally friendly solution, decomposing more readily than plastic and thereby reducing the overall environmental footprint. This shift is propelling market growth.
- Easy Green Eco Packaging Co. Ltd., a manufacturer of cornstarch packaging, offers a range of products including boxes, round plates, bowls, biodegradable trays, and cups. These products are touted as nontoxic, harmless, and eco-friendly, driving global demand. Notably, the company produces cups that are 65% cornstarch and 35% plastic Polypropylene (PP), emphasizing their commitment to environmentally friendly solutions.
- In Asian countries such as China, the rising consumption in the food and beverage sector, coupled with an uptick in food takeaways, is fueling the demand for cornstarch packaging. Data from the National Bureau of Statistics of China reveals that the annual sales revenue of the country's food and drink service industry surged from USD 651.04 Billion in 2021 to USD 734.32 Billion in 2023.
Europe Expected to Hold High Market Share
- European countries are increasingly turning to cornstarch-based packaging solutions, reflecting a broader shift towards sustainable alternatives. This trend is largely driven by mounting environmental concerns and tightening regulations on plastic use. Cornstarch, recognized for its biodegradable and renewable nature, is gaining traction in the packaging industry for its eco-friendly attributes.
- Europe has taken a proactive stance against plastic pollution, enacting stringent regulations across several nations. Notably, the European Union (EU) has introduced directives like the EU Single-Use Plastics Directive (2019/904), targeting a reduction in single-use plastic consumption. Consequently, businesses are pivoting towards alternatives such as cornstarch-based packaging, which boasts biodegradable and compostable features, marking it as a superior eco-friendly choice.
- The burgeoning cosmetics sector in Europe is a significant proponent of cornstarch packaging, fueling its market growth. Products like skincare tubes and containers increasingly utilize biodegradable materials such as PLA (polylactic acid), derived from fermented plant starch, predominantly corn. A standout feature of PLA is its ability to decompose in composting environments, a stark contrast to conventional plastics that linger in landfills for centuries, thereby bolstering its demand.
- Moreover, numerous European firms are publicly pledging to curtail their carbon footprints and embrace sustainable packaging. Major players in the food, beverage, and retail arenas, such as Nestlé, Unilever, and Coca-Cola, are channeling investments into alternatives to traditional plastic packaging, prominently featuring cornstarch-based solutions. This corporate shift is not only mainstreaming cornstarch packaging but also propelling its market growth.
Cornstarch Packaging Industry Overview
The Cornstarch Packaging Market exhibits consolidation, with key players including East Green Eco Packaging Co. Ltd., Biopacktech Co. Ltd., Eco Packaging Solutions and L&P Packaging Co. Ltd.. These companies are at the forefront of product innovation, focusing on providing conveneint packaging solutions for various end-use industries. To capture a larger global market share, these players actively engage in strategies such as research and development, launching new products, forming collaborations and partnerships, and pursuing mergers and acquisitions.
Cornstarch Packaging Market Leaders
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Easy Green Eco Packaging Co. Ltd.
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L&P Packaging Co. Ltd.
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Hefei Hyde Environment Protection Technology Co., Ltd.
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Biopacktech Co.,Ltd
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Eco Packaging Solutions
*Disclaimer: Major Players sorted in no particular order
Cornstarch Packaging Market News
- November 2024: Mad Tea, a brand based in the United States, has introduced 100% compostable tea pods. These pods, crafted from PLA (polylactic acid) derived from organic resources such as cornstarch and sugarcane, come in a variety of flavors. This initiative responds directly to the growing consumer demand for sustainable packaging.
- August 2024: Indian startup 'Bio Reform', harnesses cutting-edge biotechnology to produce eco-friendly, biodegradable, and compostable bags that fully decompose within 180 days. Utilizing corn waste, sugars, cellulose, and other natural ingredients, the company crafts sustainable biopolymers for its compostable bags. Over the last two years, 'Bio Reform' has successfully replaced more than six million plastic bags.
Cornstarch Packaging Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Value Chain Analysis
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Buyers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitutes products
4.3.5 Intensity of Competitive Rivalry
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Growing Use of Cornstarch Packaging for Food Industry
5.1.2 New Product Development by Manufacturers to Drive the Product Demand
5.2 Market Challenge
5.2.1 High Cost for Producing Cornstarch Packaging Solutions
6. INDUSTRY REGULATION, POLICY AND STANDARDS
7. MARKET SEGMENTATION
7.1 By Product Type
7.1.1 Containers
7.1.2 Bags
7.1.3 Pouches
7.1.4 Boxes
7.2 By End-User Industry
7.2.1 Food
7.2.2 Personal Care & Cosmetics
7.2.3 Pharmaceuticals
7.2.4 Retail
7.2.5 Other End-User Industries
7.3 By Geography***
7.3.1 North America
7.3.1.1 United States
7.3.1.2 Canada
7.3.2 Europe
7.3.2.1 Germany
7.3.2.2 France
7.3.2.3 Italy
7.3.2.4 Spain
7.3.3 Asia
7.3.3.1 China
7.3.3.2 India
7.3.3.3 Japan
7.3.4 Australia and New Zealand
7.3.5 Latin America
7.3.5.1 Brazil
7.3.5.2 Mexico
7.3.6 Middle East and Africa
7.3.6.1 Saudi Arabia
7.3.6.2 United Arab Emirates
7.3.6.3 South Africa
8. COMPETITIVE LANDSCAPE
8.1 Company Profiles
8.1.1 Eco Packaging Solutions
8.1.2 Easy Green Eco Packaging Co. Ltd.
8.1.3 Hefei Hyde Environment Protection Technology Co., Ltd.
8.1.4 Biopacktech Co. Ltd.
8.1.5 L&P Packaging Co. Ltd.
8.1.6 Green Olive Environmental Technology Co. Ltd.
8.1.7 EcoGreen Packaging Pte Ltd.
8.1.8 Easy Flux
- *List Not Exhaustive
8.2 Heat Map Analysis
8.3 Competitor Analysis - Emerging vs. Established Players
9. RECYCLING & SUSTAINABILITY LANDSCAPE
10. FUTURE OUTLOOK
Cornstarch Packaging Industry Segmentation
Cornstarch packaging utilizes polylactic acid (PLA), derived from cornstarch, to create a plastic-like material known as bioplastics. The rising demand for cornstarch-based packaging reflects a broader movement towards sustainable and eco-friendly alternatives to conventional petroleum-based plastics. The research also examines underlying growth influencers and significant industry vendors, all of which help to support market estimates and growth rates throughout the anticipated period. The market estimates and projections are based on the base year factors and arrived at top-down and bottom-up approaches.
The cornstarch packaging market is segmented by product type (Containers, Bags, Pouches and Boxes), by end- user industry (Food, Personal Care & Cosmetics, Pharmaceuticals, Retail and Other End-User Industries) and by geography (North America, Europe, Asia Pacific, South America and Middle East and Africa), The market sizing and forecasts are provided in terms of value (USD) for all the above segments.
| By Product Type | |
| Containers | |
| Bags | |
| Pouches | |
| Boxes |
| By End-User Industry | |
| Food | |
| Personal Care & Cosmetics | |
| Pharmaceuticals | |
| Retail | |
| Other End-User Industries |
| By Geography*** | ||||||
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| Australia and New Zealand | ||||||
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Cornstarch Packaging Market Research FAQs
How big is the Cornstarch Packaging Market?
The Cornstarch Packaging Market size is expected to reach USD 250.45 million in 2024 and grow at a CAGR of 5.26% to reach USD 323.68 million by 2029.
What is the current Cornstarch Packaging Market size?
In 2024, the Cornstarch Packaging Market size is expected to reach USD 250.45 million.
Who are the key players in Cornstarch Packaging Market?
Easy Green Eco Packaging Co. Ltd., L&P Packaging Co. Ltd., Hefei Hyde Environment Protection Technology Co., Ltd., Biopacktech Co.,Ltd and Eco Packaging Solutions are the major companies operating in the Cornstarch Packaging Market.
Which is the fastest growing region in Cornstarch Packaging Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Cornstarch Packaging Market?
In 2024, the Europe accounts for the largest market share in Cornstarch Packaging Market.
What years does this Cornstarch Packaging Market cover, and what was the market size in 2023?
In 2023, the Cornstarch Packaging Market size was estimated at USD 237.28 million. The report covers the Cornstarch Packaging Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Cornstarch Packaging Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Cornstarch Packaging Industry Report
Statistics for the 2024 Cornstarch Packaging market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Cornstarch Packaging analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
