Biodegradable corn starch products are a new innovation that offers a solution to the environmental challenges faced by conventional plastic products. They are made from corn starch, a renewable resource, which is processed into granules that are used to make various products such as bags, plates, and cups. These products are completely biodegradable and decompose naturally, leaving no harmful residue behind. This is in contrast to conventional plastics that can take hundreds of years to decompose, and often leave behind toxic chemicals that pollute the environment. The use of biodegradable corn starch products is becoming increasingly popular due to the rising awareness of environmental concerns. They are ideal for various industries, including the food industry, where the use of non-biodegradable plastic plates, cups, and bags can have a significant environmental impact.
Benefit of Starting This Business
There are many benefits to starting a business that offers biodegradable corn starch products. First and foremost, this is a market that is growing rapidly. As consumers become more environmentally conscious, they are seeking out alternatives to traditional plastic products. This means that demand for biodegradable corn starch products is only going to increase in the coming years. Additionally, this is a business that is good for the planet. Traditional plastic products can take hundreds of years to decompose, leading to a huge amount of waste in landfills and oceans. Biodegradable corn starch products, on the other hand, break down much more quickly and do not contribute to environmental pollution. Finally, starting a business in this field can be personally rewarding. It's an opportunity to make a difference in the world and offer customers a more sustainable choice. If you're passionate about environmentalism and making a positive impact, starting a business that offers biodegradable corn starch products may be the perfect choice for you.
Indian Market Outlook
The demand for biodegradable corn starch products in India has been on the rise. With a population of over 1.3 billion people, India offers a huge market potential for biodegradable products. The Indian government has also been pushing for the use of eco-friendly products and has implemented various policies to reduce the use of plastic. In 2018, the Maharashtra government announced a ban on single-use plastic products, which includes plates, cups, and cutlery made from plastic. This has led to a surge in demand for biodegradable alternatives such as corn starch plates and cups. Moreover, the agricultural sector in India provides a large amount of corn, which can be used to produce biodegradable corn starch granules. This provides an opportunity for local manufacturers to source raw materials locally and create sustainable jobs in rural areas. Overall, the Indian market outlook for biodegradable corn starch products looks promising. With a growing demand for sustainable products and the support of government policies, the biodegradable products market in India is expected to continue to grow in the coming years.
Global Market Outlook
The demand for eco-friendly and sustainable products has been increasing rapidly in recent years. This has led to a surge in the biodegradable corn starch granules, bags, plates, and cups market globally. The global market size of biodegradable products was valued at USD 3.4 billion in 2020 and is expected to grow at a CAGR of 16.1% from 2021 to 2028. The driving factors behind this growth include increasing environmental concerns, government regulations on single-use plastic, and growing awareness of the negative impact of non-biodegradable products on the environment. Moreover, the pandemic has led to a higher demand for disposable, hygienic, and biodegradable products. The market is expected to witness significant growth in the Asia Pacific region due to increasing consumer awareness, growing industrialization, and rising disposable income. The adoption of biodegradable products is also expected to grow in Europe and North America.
Conclusion
Starting a biodegradable corn starch granules, bags, plates, and cups business is a promising opportunity for entrepreneurs looking to contribute to sustainable development and take advantage of the growing market demand. Businesses that invest in biodegradable corn starch products are not only contributing to a cleaner environment but also positioning themselves in a growing market with huge potential for profit. It’s a win-win situation for both the planet and the business.
Key Players
· NatureWorks
· BASF SE
· Novamont S.p.A
· Cardia Bioplastics
· Mitsubishi Chemical Corporation
· Plantic Technologies Limited
· StarchTech
· Vegware
Cost Estimation
Capacity:
Biodegradable Corn Starch Granules 2 MT per day
Biodegradable Corn Starch Bags 2 MT per day
Biodegradable Corn Starch plates 2 MT per day
Biodegradable Corn Starch Cups 2 MT per day
