According to figures from the Central Pollution Electrical Device (CPCB), India generates 7.6 grams of plastic garbage per person a day. According to the official CPCB assessment, India produces an incredible 3.3 trillion grams of plastic annually. According to a CPCB study from 2015, approximately 66% of plastic garbage was “mixed waste of poly bags, multilayer pouches used for packing food goods, etc. (belonging to HPPE/ LDPE or PP materials), derived mostly from households and residential areas.” This type of plastic garbage cannot be recycled. Furthermore, research on the global material balance of plastics indicated that 79% of the total amount of plastic produced worldwide enters the environment as waste. Only 11% of the world’s total plastic garbage is recycled. According to the Union government, out of the 25,000 tonnes of plastic garbage that are produced in India every day, 400 tonnes are piled up and not collected. So, what may the answer be? Simple, ban hazardous plastic! However, what is the alternatives if plastic that leaves carbon footprints is banned.
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Emerging India
India has completely banned the use of single-use plastics. Consumer awareness of the damaging impacts of plastics on the environment is rising. Therefore, manufacturers and other users of plastic packaging ask for affordable replacements and substitutes to satisfy ecologically conscious consumers and to comply with governmental rules. One of the most frequently used alternatives to plastic in packaging is corn starch. Leading online meal delivery services like Swiggy and Zomato have also switched to packaging made of corn starch to promote an eco-friendly image. So, in the wake of current trends, a potential opportunity for the growth of this specialised market has emerged within the nation.
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Corn-starch Packaging Market
Since the environmental movement is currently expanding exponentially, starch packaging materials and alternative bio-plastics are rapidly acquiring market share. Statistical data reveals that by 2026, the perishable packaging market might be valued at USD 126.85 billion. Customers chose single-use plastics to stay healthy throughout the epidemic, which changed consumer buying habits. Customers and businesses are currently returning their attention to sustainability due to rising immunisation rates. Over time, bio-based materials will offer several environmental benefits, and the fact that they are renewable will make them a suitable substitute for less environmentally friendly options. Scaling up packaging options is essential to the success of both the product and the business as more companies declare their commitment to the environment.
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Corn Starch Market Size in India
It is estimated that 5%-7% of the grain produced in India will be converted to starch. This estimate suggests a 1.5-2 MMT annual production of corn starch. Despite demand coming from the paper, adhesives, poultry/animal feed, and fireworks industries, the fact that starch makes up such a small fraction of the nation’s corn supply shows that there is significant room for capability expansion. As a result, there may be a sufficient supply of corn starch for packaging. Other factors influencing the growth of the corn starch packaging market include the regulatory environment and consumer awareness. The inclusion of contaminants in final corn starch packaging, such as plastic and metal, is another major barrier to the growth of this market. Higher input costs also have an impact on prices. These difficulties are frequently resolved by increasing the supply of the raw material (corn), which may reduce costs and improve output per ASTM, EN, and IS/ISO standards to reduce contamination.
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Opportunities of Starch Packaging in India
Given that the market is still in its beginning in India, the usage of corn starch bags as an alternative to plastic has potential. Packaging made of corn starch is 30% more durable than current polythene bags. Corn starch bags are likely to appeal to consumers who are concerned about the environment because they are biodegradable, and they constitute a niche market for new entrants that could draw a core clientele. Although a variety of natural raw materials could be used to make biodegradable bags, corn is the most widely accessible raw material in India.
Cost is a Major Challenge
The cost and price involved are the most important variables that could influence the switch from plastic to corn starch packaging.
- Given the abundant worldwide supply of corn, which is the raw material, it is less expensive than synthetic polymers made from petroleum, which are more expensive.
- However, because there is a smaller amount of raw material diverted to the industry, corn starch bags often have greater input costs than plastic bags.
- Plastics are lightweight and have lower transportation expenses, whereas eco-friendly bags have greater shipping costs. Therefore, compared to plastic bags, the overall production costs for biodegradable starch bags are 20%-25% more.
- The corn starch packaging market is facing significant obstacles in the form of pricing and cost. Cost reduction should be the main goal of industry innovation.
- This can be obtained only when there is a maximum of corn starch packaging manufacturers compared to plastic bags. If the supply is more the price will reduce as the demand is met by all costs.
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Why Businesses Should Think of Corn-starch Packaging
- The advantages of using corn-starch packaging for both your company and the environment make it a worthwhile packaging choice.
- It will help your company become more socially responsible, which will draw in a lot of environmentally concerned customers interested in supporting eco-friendly firms.
- Customers have become more aware of green washed products and packaging, and they are better informed about the materials used in the industry.
- Utilizing corn-starch packaging can help you market your brand much more successfully in India and build a far more genuine rapport with customers right away. Utilizing biodegradable packaging materials also establishes you as an innovator in your industry.
- Bans on single-use plastics are imminent and making changes to many sustainable options is quickly becoming necessary rather than optional.
- Utilizing several eco-friendly and innovative options, such as corn-starch packing materials or other perishable options, makes you stand out and emphasises your dedication to sustainability efforts.
- Companies will today more effectively handle dynamic client needs while still delivering a fantastic experience by choosing better and more extensive property packaging.
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Conclusion
By 2025, a sizable portion of the packaging market in India might be captured using corn starch bags. However, if you want to know more about the opportunities and challenges of using corn starch packaging for your company, contact NPCS. Our official team provides all relevant data that is utilized to make an effective report. NPCS provides a project report to entrepreneurs that enables an entrepreneur to become aware of the target customer of their product. It similarly allows in making sound funding choices by listing and then elaborating on factors so that it will contribute to the increase of product intake in a country and additionally talks approximately the overseas exchange of the product together with the list of top importing and pinnacle exporting international locations. The project report includes graphical representation and forecasts of key facts mentioned inside the above-stated phase. It in addition explicates the growth ability of the product.
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