Report : Europe Industrial Starch Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Native Starch and Starch Derivatives & Sweeteners), Source (Wheat, Corn, Potato, Cassava, and Others), and Application (Food & Beverages, Pulp & Paper, Animal Feed, Pharmaceuticals, and Others)
Rising Demand in Paper & Paperboard Industry Drives Europe Industrial Starch Market Growth
According to our latest market study on " Europe Industrial Starch Market Forecast to 2028 – COVID-19 Impact and Analysis – by Type (Native Starch and Starch Derivatives & Sweeteners), Source (Wheat, Corn, Potato, Cassava, and Others), and Application (Food & Beverages, Pulp & Paper, Animal Feed, Pharmaceuticals, and Others),” the market is expected to grow from US$ 18,160.72 million in 2022 to US$ 25,501.88 million by 2028; it is expected to grow at a CAGR of 5.8% from 2022 to 2028. The report highlights key factors governing the growth and prominent players and their progress in the market.
Industrial starch is derived from natural resources, including wheat, cassava, rice, potato, and corn. The most commonly used industrial starch includes wheat, maize, and potato. It is an essential element in various industries, including food & beverage, pulp & paper, animal feed, and others.
In recent years, industrial starch has been used in the pulp & paper industry. Cationic starch is increasingly used in the paper industry as this kind of starch can bond the cellulose fibers together, increasing the internal strength of the paper. The growing adoption of recycled paper stock in paper manufacturing resulted in the rising penetration of treated cationic starches owing to their high strength and fiber retention properties. This industry uses starch as a wet-end additive, surface sizing ingredient, and coating material. After cellulose fiber and mineral pigments, starch is the third most common ingredient consumed (by weight) throughout the papermaking processes. Starch is used on the wet end of the paper to enhance the paper's strength. Along with this, the paper surface is coated with a starch solution to facilitate the binding of surface fibers and increase resistance to stress, thereby ensuring the stability of the paper. The starch solution also improves the paper sheets' water resistance and protects the hydrophilic properties of cellulose fibers, which improves the stiffness and printability of paper. A brief starch treatment is given to the paper sheets during the surface finishing process to get additional surface properties
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 in the Europe industrial starch market share.
Impact of COVID-19 Pandemic on Europe Industrial Starch Market Growth
Before the COVID-19 pandemic, the industrial starch market was mainly driven by the rising demand from the food & beverages, pulp & paper, animal feed, and pharmaceutical industries. The COVID-19 pandemic had a negative impact on the market due to the shutdown of manufacturing facilities, challenges in procuring raw materials and components, and restrictions on logistic operations. Disruptions in the raw material supply chains and containment measures further hampered industrial starch production. Along with this, trade restrictions due to the COVID pandemic had a negative impact on the trade of industrial starch. Moreover, there was a decline in grain exports due to trade restrictions imposed by the governments of European nations. For instance, according to the United States Department of Agriculture (USDA), the EU grain exports in 2020 accounted for 27.5 million tons which declined by 13% from the previous year. However, businesses are gaining pace as the governments of European countries have eased out the previously imposed restrictions. Along with this, due to the restrictions faced by the COVID pandemic, the EU implemented the Farm to Fork strategy to ensure the food systems are fair, healthier, and environment friendly.
The "Europe Industrial Starch Market Analysis to 2028" is a specialized and in-depth study of the chemicals & materials industry, focusing on the Europe industrial starch market trend analysis. The report aims to provide an overview of the market with detailed market segmentation. The Europe industrial starch market is segmented on the basis of type, source, and application. Based on type, the market is segmented into native starch and starch derivatives & sweeteners. Based on the source, the market is segmented into wheat, corn, potato, cassava, and others. Based on application, the Europe industrial starch market is segmented into food & beverage, pulp & paper, animal feed, pharmaceuticals, and others. In 2021, wheat dominated the Euope industrial starch market and corn is expected to be the fastest growing segment in the market.
Contact Us
Contact Person: Sameer Joshi
Phone: +1- 646- 491- 9876
Email Id: sales@businessmarketinsights.com