Market Introduction
Starch is an integral part of adhesive formulations and is used in a wide range of industrial applications. Industrial starch is derived from various natural sources such as wheat, rice, tapioca, potato, and maize.
Market Overview and Dynamics
The Europe industrial starch 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 growth of various industries, including food & beverages, pulp & paper, animal feed, and pharmaceuticals in Europe is driving the industrial starch demand growth. Industrial starch is increasingly used in the paper industry during manufacturing and coating.
Along with this, starch is used to develop bioplastics due to its high polysaccharide content. Amylose in starch causes retrogradation and gelatinization, which are crucial for film formation. Moreover, the thermoplastic properties of starch are favorable for bioplastic production. The biodegradability of starch-based plastics makes them a sustainable alternative to conventional petroleum-based plastics. Manufacturers are investing in research and development to develop starch-based bioplastics with properties that resemble conventional plastics.Thus,the increasing use of starch for developing industrial bioplastics and biodegradable materials is expected to create lucrative opportunities in the Europe industrial starch market during the forecast period.
Key Market Segments
Based on application, the Europe industrial starch market is segmented into food & beverage, pulp & paper, pharmaceutical, animal feed, and others. In 2021, the food & beverage segment accounted for the largest market share, and the pulp & paper segment is expected to register the highest CAGR during the forecasted period. Based on type, the Europe industrial starch market is segmented into native starch and starch derivatives & sweeteners. In 2021, the starch derivatives and sweeteners segment dominated the market, and it is also expected to record the highest CAGR in the Europe industrial starch market during the forecasted period.
Major Sources and Companies:
A few primary and secondary sources referred to while preparing this report on the Europe industrial starch market are paid databases (Factiva),
publications, hoovers, investor presentations, newsletters, sec archives, annual reports, and other information available in the public domain. Major companies listed in the report are AGRANA Beteiligungs-AG; ADM; Ingredion Incorporated; Roquette Frères; Tereos Group; Cargill, Incorporated; Tate & Lyle PLC; Grain Processing Corporation; Royal Cosun; and AVEBE.
Reasons to Buy Report
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 18,160.72 Million |
| Market Size by 2028 | US$ 25,501.88 Million |
| CAGR (2022 - 2028) | 5.8% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
Europe
|
| Market leaders and key company profiles |
|
The Europe Industrial Starch Market is valued at US$ 18,160.72 Million in 2022, it is projected to reach US$ 25,501.88 Million by 2028.
As per our report Europe Industrial Starch Market, the market size is valued at US$ 18,160.72 Million in 2022, projecting it to reach US$ 25,501.88 Million by 2028. This translates to a CAGR of approximately 5.8% during the forecast period.
The Europe Industrial Starch Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Industrial Starch Market report:
The Europe Industrial Starch Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Industrial Starch Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Industrial Starch Market value chain can benefit from the information contained in a comprehensive market report.
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