The global starch derivatives market is projected to grow at a noteworthy CAGR during the forecast period. The global starch derivatives market is segmented on the basis of source, type, and applications. Based on the source, the market is segmented into corn, wheat, cassava, potato, and other sources. Based on the type, the market is segmented into maltodextrin, cyclodextrin, glucose syrup, hydrolysates, and others. Whereas, based on the application, the market is sectioned into food & beverage, paper industry, pharmaceutical industry, cosmetics, and others. In paper industries, cassava starch is used as glue to achieve brightness and strength. Thus, cassava possessing such benefits, it is used widely and thereby enhances the growth of the starch derivatives industry.
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The demand for packaging and container boards has grown both globally in the past few years. The annual demand grew at about 3-6% in emerging markets and with 1 % in Europe over the last ?ve years. Global demand for container boards will continue to increase due to the increase in online shopping and trading with a signi?cant market share. At the same time, board manufacturers are looking for opportunities to decrease the production costs and to improve light-weighting of the paper together with environmental and sustainability requirements without compromising the most critical quality parameter, that is, strength.
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Most starches for use in papermaking are specialty products that have been modi?ed by measured hydrolysis, oxidation, or derivatization. Application requirements for starch, environmental aspects of starch, dispersion of starch, and use of starch in papermaking furnish, as an adhesive in paper conversion or newer specialty papers, surface sizing of paper, and as a coating binder, are some of the vital aspects when choosing starch for paper production. Starch analysis in the paper is having the same importance as the other wet-end or surface chemical additives. Thus, starch plays a vital role in the paper industry, and thereby, the growth in the paper industry is likely to flourish the starch derivative market.
Furthermore, some of the prominent players operating in the market include Ingredion Inc., Roquette Frères, Tate & Lyle Plc, Cargill Inc., Agrana Group, Emsland Group, Archer Daniels Midland Co., Avebe UA, Grain Processing Corp., and others.
Global Starch Derivatives Market – Segmentation
By Source
- Corn
- Wheat
- Cassava
- Potato
- Other Sources
By Type
- Maltodextrin
- Cyclodextrin
- Glucose Syrup
- Hydrolysates
- Others
By Application
- Food & Beverage
- Paper Industry
- Pharmaceutical Industry
- Cosmetics
- Other
