Publication Month: Jul 2022 | Report Code: TIPRE00021147 | No. of Pages: 182 | Category: Food and Beverages | Status: Published
Starch is a complex carbohydrate derived from wheat, corn, potato, tapioca, and rice. It is a great source of energy. Starch is a thickening/gelling agent and stabilizer in a wide range of food and beverages, including bakery and confectionery products, soups, sauces, frozen desserts, dairy creamers, and ready-to-drink beverages. The demand for convenience food is increasing globally due to consumers' hectic lifestyles and high per capita income. Moreover, paper-based food packaging needs a coating to prevent water or oxygen from penetrating the packaging and spoiling the foodstuff inside. Usually, this protective coating is manufactured from petroleum-based plastic. However, manufacturers are adopting bio-based and eco-friendly raw materials for paper-based food packaging coating with increasing awareness about the negative impact of petroleum-based plastic on the environment. Starch-based packaging characteristics such as biodegradability and affordability are propelling popularity among manufacturers.
In the past few years, the demand for starch in the pulp & paper industry has grown significantly with the scaled-up operations in this industry. The booming e-commerce industry in contributes significantly to the demand for corrugated paperboards. Moreover, a notable shift toward plastic-free packaging to ensure environmental sustainability is propelling the demand for sustainable packaging materials. According to research conducted by Roquette Frères, the consumption of industrial starch in corrugated board manufacturing increased by 6% in 2020 due to the significant rise of the e-commerce sector amid the COVID-19 pandemic. Thus, the surging demand for starch in the paper & paperboard industry is bolstering the industrial starch market
|Market Size Value in||US$ 67,353.01 Million in 2022|
|Market Size Value by||US$ 98,426.74 Million by 2028|
|Growth rate||CAGR of 6.5% from 2022 to 2028|
|No. of Pages||182|
|No. of Tables||135|
|No. of Charts & Figures||67|
|Historical data available||Yes|
|Segments covered||Type, Source, and Application|
|Regional scope||North America, Europe, Asia Pacific, Middle East & Africa, South & Central America|
|Country scope||US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina|
|Report coverage||Revenue forecast, company ranking, competitive landscape, growth factors, and trends|
|Free Sample Copy Available|
Manufacturers around the world are benefitting from the growth of the e-commerce industry. Across the globe, various manufacturers and e-commerce channels are promoting the use of sustainable and eco-friendly packaging materials. The industrial starch market growth is expected to boost with this increasing adoption of sustainable packaging materials by the e-commerce industry. Indian e-commerce companies Myntra and Flipkart have adopted to reduce or eliminate the use of single-use plastic in their packaging materials. Moreover, government policies to reduce plastic pollution is expected to boost the demand for industrial starch.
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The application range of industrial starches in various end-use industries has expanded in recent years. It is used as a thickening, gelling, and binding agent in a wide range of food and beverages, including bakery, soups and salad dressings, confectionery, sauces, ice creams, fruit drinks, and dairy products. Starch is also used in non-food applications such as pulp & paper, pharmaceuticals, and animal feed. In the pharmaceutical industry, starch is used as an excipient and binding agent in tablet making. Moreover, starch-based materials are a perfect solution for biodegradable food packaging materials that help to reduce environmental pollution.
Based on type, the industrial starch market is segmented into native starch and starch derivatives and sweeteners. In 2021, the starch derivatives and sweeteners segment dominated the market. The growing demand for food and beverages, due to the increase in disposable income levels and increasing global population, and the use of starch derivatives in the food and beverage industries is the most important growth driver for the starch derivatives segment of the industrial starch market.
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Agrana Beteiligungs-AG; ADM; Ingredion Incorporated; Roquette Frères; Tereos Group; Cargill, Incorporated; Tate & Lyle PLC; Grain Processing Corporation; Royal Cosun; and AVEBE are among the key players operating in the industrial starch market. The leading players adopt several strategies, such as mergers & acquisitions and product launches, to expand their geographic presence and consumer base.
The "Industrial Starch Market Analysis to 2028" is a specialized and in-depth study of the chemicals & materials industry, focusing on the market trend analysis. The report aims to provide an overview of the market with detailed segmentation. The industrial starch market is segmented on the basis of type, source, application, and geography. Based on type, the industrial starch market is segmented into native starch and starch derivatives & sweeteners. Based on source, the market is segmented into wheat, corn, potato, cassava, and others. Based on application, the market is segmented into food & beverages, pulp & paper, animal feed, pharmaceuticals, and others. Based on geography, the is segmented into five main regions North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. In 2021, Asia Pacific dominated the industrial starch market.
The List of Companies - Industrial Starch Market