Market Size of Starch Derivatives Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 6.40 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Starch Derivatives Market Analysis
Global starch derivatives market is projected to grow at a CAGR of 6.4% during the forecast period (2020- 2025).
- The market is primarily driven by an extensive application spectrum of starch and its derivatives across various end-user sectors. Stringent regulations encouraging the use of natural ingredients across various sectors, including pharmaceutical, textile, fermentation, and cosmetics, is likely to propel the industry growth.
- Paper and packaging is the underlying market for starch-based adhesives and is expected to witness healthy growth in the foreseeable future. Ever-increasing regulatory requirements toward low-emission adhesives are expected to fuel the demand for bio-based and biodegradable adhesives, which in turn, is expected to drive the market for starch and its derivatives.