South Korea Starch-Based Degradable Packaging Market was valued at USD 0.2 Billion in 2022 and is projected to reach USD 0.5 Billion by 2030, growing at a CAGR of 13.9% from 2024 to 2030.
The South Korea Starch Based Plastic Film Market is witnessing significant growth due to an increasing demand for sustainable alternatives in packaging. This type of plastic, made from renewable starch sources, offers a more eco-friendly solution compared to traditional petroleum-based plastics. Industries across the country, from food packaging to agriculture, are rapidly adopting starch-based films as part of their commitment to reducing environmental impact.
The main applications of starch-based plastic films in South Korea include food packaging, medical products, and agricultural uses. These films are ideal for food packaging as they provide an effective barrier against moisture, oxygen, and contaminants, ensuring food products maintain their freshness. In medical industries, starch-based films are being used for biodegradable packaging for medical devices and other consumables, aligning with the growing trend of eco-conscious practices in the healthcare sector.
Industries are increasingly seeking alternatives to conventional plastic due to rising environmental concerns and government regulations aimed at reducing plastic waste. The South Korean government has been promoting policies encouraging the use of biodegradable and recyclable materials, and the starch-based plastic film market is benefitting from these initiatives. Businesses are looking for more sustainable solutions to meet these requirements and gain consumer favor, leading to a surge in the adoption of starch-based plastics.
The growing awareness among consumers about environmental issues is also driving the demand for starch-based films. Consumers are becoming more inclined to choose eco-friendly products, which has pushed companies to innovate and incorporate biodegradable materials into their packaging. South Korea’s strong push toward sustainability has encouraged a variety of sectors to adopt starch-based plastic films as a key part of their eco-friendly initiatives.
South Korean manufacturers are focusing on enhancing the properties of starch-based films, improving their durability, and making them more cost-effective to meet industrial needs. The increasing demand for biodegradable and compostable materials is expected to continue driving growth in the Starch Based Plastic Film Market in the coming years. With industries across various sectors prioritizing sustainability, the role of starch-based films in South Korea is poised to expand significantly.
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Novamont
Warner-Lambert
Biotec
Paper Foam
Suzhou Hanfeng New Material
Ecoplast Technologies Inc
Biome Bioplastics
Innovia Films
Greenhome
NatureWorks LLC
Biobag International
Cardia Bioplastics
Toray Industries
Braskem S.A
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Starch-Based Degradable Packaging Market
Native Starch
Modified Starch
Thermoplastic Starch
Starch Blends
Food Packaging
Biomedical Packaging
Consumer Goods Packaging
Industrial Packaging
Conventional Sources (Corn, Potatoes, Wheat)
Alternative Sources (Cassava, Sweet Potato, Other Tubers)
Organic Starch Sources
Moisture Resistance
Barrier Properties
Biodegradability
Active Packaging Features
Food and Beverage Industry
Healthcare and Pharmaceuticals
Retail and E-commerce
FMCG (Fast-Moving Consumer Goods)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Starch-Based Degradable Packaging Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Starch-Based Degradable Packaging Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Starch-Based Degradable Packaging Market, By Type
6. South Korea Starch-Based Degradable Packaging Market, By Application
7. South Korea Starch-Based Degradable Packaging Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Starch-Based Degradable Packaging Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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