Industrial Starch is converted into sugars by malting & fermented the same to yield ethanol to manufacture biofuel, whisky and beer. It is treated to yield various byproducts which are used in various food processes. Industrial starch when dissolved in warm water, has various application such as thickeners, adhesive etc. Moreover industrial starches are highly used as an adhesive in paper and packaging material manufacturing, etc. There is rise in demand for adhesive from the packaging industry as e-commerce industry is currently growing which calls for higher demand for convenience food as fast food chains are growing and these are major driving forces for industrial starches market. Globally the market for industrial starches is expected to grow at the rate of about 5% from 2016 to 2022.
Key Players in the Industrial Starches Market are:
- Cargill, Incorporated (U.S.)
- Archer Daniels Midland Company (U.S.)
- Ingredion Incorporated (U.S.)
- Tate & Lyle PLC (U.K.)
- Agrana Beteiligungs-AG (Austria)
- Grain Processing Corporation (U.S.)
- Roquette Frères (France)
- The Tereos Group (France)
- Royal Cosun (Netherlands)
- Altia Industrial Services (Finland)
Increase in demand of adhesive from packaging industry is driving the industrial starches market. Rise in the demand for industrial starches in construction industry along with increasing demand for food additive especially as thickeners is responsible for the growth of the industrial starches market. Growing demand for starch is mainly due to it being used in coating of papers as one of the binders. Coated paper produced from starch has enhanced smoothness, stability, whiteness and hence improves the printing quality which has boosted sales of industrial starches. Urbanization and versatility application of industrial starches is supporting the growth of this market in various application sectors.
These factors will play a key role in the growth of Industrial Starches Market at the CAGR of 5% during 2016-2022.
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By Application Analysis-
- Industrial starches are used as a depressant in the phosphate beneficiation process to increase the effectiveness of the flotation separation.
- Starch-based adhesives are extensively used in the bag industry specifically formulated to make corrugating adhesives moisture resistance, it is also used in making corrugated boxes.
- Ethylated starches are broadly used in a range of gypsum and ceiling tile, and it also used as binders which are economical.
- Malto-dextrin and corn syrup are used in Food and Beverage industries as additive and sweeteners. Extensive application of industrial starches will support the growth of this market.
Taste the market data and market information presented through more than 50 market data tables and figures spread over 110 Numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Global Industrial Starches Market Research Report- Forecast to 2022”
Global Industrial Starches Market is in the entire world; to name few countries where this market exists are North America, Europe and Asia Pacific. Among these China has the major market share followed by India. Asia-Pacific is expected to maintain its dominant position in the coming years due to increasing consumption of starch, its derivatives, and sweeteners. Due to the less raw materials & production costs as well as less rigid environment regulations Asia-Pacific in a better position to produce starch at more competitive prices than developed countries of Europe and North America.
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Global Industrial Starches Market is segmented by source, production process, application and region.
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