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Global Industrial Starches Market Growth, Trends and Forecasts 2018 2023 [Report Updated: 01032018] Prices from USD $4250

05:46 EDT 13 Jul 2018 | BioPortfolio Reports

The global industrial starch market size was estimated to be USD 103.5 billion in 2023 and is anticipated to witness a CAGR of 3.5% from 2018 to 2023 forecast period. The global industrial starches market has high potential for growth due to the multiple functionalities of starch, starch derivatives sweeteners in a diverse range of enduser industries.


Market Dynamics


The extensive range of applications in various industries acts as a driver for industrial starches. Industrial starches are largely used as adhesives in paper and packaging material manufacturing, etc. Growing demand for starch is mainly due to its use in the coating of papers as one of the binders. Coated paper from starch has enhanced smoothness, whiteness, stability, and hence, improves the printing quality, which has boosted the sales of industrial starches. The growing demand for industrial starches as food additives, such as thickeners, are also responsible for the growth of the market.


Market Segmentation


The global industrial starch market is segmented, by type, into native starch and starch derivatives sweeteners. The market for starch derivatives sweeteners dominated in 2018, with the largest share, in terms of volume consumption. The market for native starch is projected to grow at a stable rate, owing to the maturity of its industrial applications.


By source, the industrial starch market in segmented into corn, wheat, cassava, and others. The market for corn was the largest in 2018. The production of cornstarch has increased tremendously owing to its multiple functionalities, such as thickening and adhesion. It is used in food, corrugation paper making, textiles, etc. Applications, like pharmaceutical, cosmetics, and corrugation paper making, collectively, accounted as the fastestgrowing segment of the industrial starch market.


The industrial starch market, by form, was dominated by liquid form, and is also projected to be the fastestgrowing segment. This is due to the wide use of sweeteners, such as maltodextrin and glucose syrups, in the liquid form. Native starch is found in dry form, while starch derivatives, mainly, sweeteners, are largely produced in liquid form. Modified starches are largely produced in dry form.


Regional Analysis


The industrial starch market is segmented by region into North America, Europe, AsiaPacific, South America, and Africa. In AsiaPacific, China has the major market share, followed by India. AsiaPacific has a dominant position due to the increasing consumption of starch, its derivatives, and sweeteners. Moreover, due to fewer raw materials and production costs, along with less rigid environment regulations, AsiaPacific is in a better position to produce starch at more competitive prices than developed countries of Europe and North America.


MAJOR PLAYERS: CARGILL, ARCHER DANIELS MIDLAND COMPANY, INGREDION INCORPORATED, TATE LYLE PLC, AGRANA BETEILIGUNGSAG, GRAIN PROCESSING CORPORATION, ROQUETTE FRRES, THE TEREOS GROUP, ROYAL COSUN, ALTIA INDUSTRIAL SERVICES, GRAIN PROCESSING CORPORATION, MANILDRA GROUP, UNIVERSAL STARCH CHEM ALLIED LTD., GREENTECH INDUSTRIES LTD. and AMYLCO GROUP OF COMPANIES, amongst others.


Reasons to Purchase this Report


Analyzing outlook of the market with the recent trends and Porter's five forces analysis.

Market dynamics, which essentially consider the factors that are impelling the present market scenario, along with growth prospects of the market over the forecast period.

Market segmentation analysis, including qualitative and quantitative research, incorporating the impact of economic and noneconomic aspects.

Countrylevel analysis, integrating the demand and supply forces that are influencing the growth of the market.

Competitive landscape involving the market share of major players, along with the key strategies adopted for development over the past five years.

Comprehensive company profiles, covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players.

3 months analyst support along with the Market Estimate sheet in excel.


Customization of the Report


This report can be customized to meet your requirements. Please connect with our representative, who will ensure you to get a report that suits your needs.

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