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The paper starch market size is estimated to grow by USD 8.98 billion at a CAGR of 6.63% between 2022 and 2027. The increasing demand for printing and writing papers in the education sector is driving market growth. However, the paper industry faces challenges from increasing digitization, which can adversely affect market growth.
Despite this, the ongoing trend of increasing demand for recycled paper presents a market opportunity that will propel growth. Paper companies are adjusting their packaging offerings to meet the evolving requirements of the e-commerce landscape. Factors such as widespread internet adoption, middle-class expansion, organized retail growth, heightened export activities, and the surge in global e-commerce significantly contribute to the packaging industry's growth.
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This market report extensively covers market segmentation by source (packaging paper and paperboard, printing and writing paper, and others), application (corn, potato, wheat, and cassava), and geography (North America, Europe, APAC, South America, and Middle East and Africa).
The market share growth by the packaging paper and paperboard segment will be significant during the forecast period. Corn starch is used to provide surface improvement and dry strength and helps in wet end sizing in the paper industry. This is also used as an additive in surface sizing and surface coating in the industry.
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The packaging paper and paperboard segment was valued at USD 9.25 billion in 2017. The manufacturing involves several steps, including stock preparation, sheet formation, pressing, drying, and surface finishing. The intermediate stages, where corn starch is used before producing paper, include internal sizing, wet-end addition, and beater sizing processes. In printing inks, it thickens the dye solution and acts as a carrier of color. This is extensively used in papermaking, and coating applications because of its exceptional strength, film-forming, and retention properties. Thus, the corn segment in the global market will register a high growth rate during the forecast period.
In 2022, packaging paper and paperboard dominated the global market. The increasing demand from the e-commerce sector drives the consumption of these products. The usage of packaging applications is expected to fuel market growth. The rise in demand in e-commerce is a key driver. Paper and paperboard materials are cost-effective, eco-friendly, and widely used in various industries. Paperboard, such as chipboard and fiberboard, is utilized for cartons, boxes, trays, and food packaging. These products offer protection and convenience to customers, playing a vital role in enticing purchases. The growing adoption of packaging applications is projected to drive the global market forward.
North America is estimated to contribute 34% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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Countries such as the US and Canada are some of the leading countries in the production and consumption of paper, owing to the easy availability of pulp, which is a major raw material for manufacturing paper. The factor driving pulp production is the easy availability of raw materials. Weather conditions in various countries in North America are conducive to the growth of forests, which serves as a positive pointer for the growth of the market. The US and Canada are the countries with the largest forest area. Therefore, the wood required to produce pulp is easily available in these countries, due to which most of the leading manufacturers have their production facilities in the region, which is estimated to drive the market during the forecast period.
Starch is a granular, soft, tasteless, white organic polysaccharide compound. It is generally derived from plants and their derivatives, such as corn, rice, wheat, sorghum, millet, oats, and potato.
The market is integral to various industries, including the paper industry, where it is used as a bonding agent in paper-based materials. It is also employed in the food and beverage industry as a thickener, emulsifier, and stabilizer in products such as pudding powders, dry mix soups and sauces, and cold process salad dressings. This is derived from sources like maize, potato, rice, and cassava, offering versatility in its applications. It is also used in cosmetic powders, adhesives, and cleansing products, demonstrating its wide-ranging utility in manufacturing processes for ready-to-eat food products, processed meats, and convenience foods served in restaurants and food service outlets. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The booming e-commerce and packaging industry is one of the primary factors driving the market. The market experiences significant growth driven by the burgeoning e-commerce activities worldwide. Paper companies are adapting their packaging products to align with the evolving demands of e-commerce. Factors such as the widespread adoption of the internet, the expansion of the middle class, the rise of organized retail, increased exports, and the surge in global e-commerce contribute substantially to the growth of the packaging industry. To meet these demands, there is a crucial emphasis on enhancing packaging methods, utilizing innovative materials, and implementing advanced machinery.
The exponential growth of e-commerce, particularly in Asia, spearheaded by companies like Amazon and eBay, fuels the escalating demand for paper packaging solutions. The burgeoning emerging markets and the proliferation of internet access globally further drive the expansion of the global market, thereby benefiting the paper starch market. This trend underscores the indispensable role of paper-based materials and their derivatives, such as starch esters and ethers, cationic starches, in catering to the needs of diverse industries, including the food and beverage industry, processed meat, restaurants, and food service outlets.
The use of novel technologies for the production and development of physically modified starches is a major market trend. The global market is adopting new technologies for physically modified starch production. This includes cold-water-soluble starch, pregelatinized granular starch, and granular cold-water-swellable starch. Traditional methods for pregelatinized starch don't fully replicate the desired starch paste characteristics obtained from cooked granular starch. To overcome this, innovative approaches maintain granule integrity and provide cold-water thickening. New technology classes control starch granule swelling and involve carefully controlled spray drying. Proper cooking in water enhances its application, versatility, and functionality. The increasing demand for papermaking, along with advancements in production technologies, supports the growth of the market.
Complexities in raw material procurement are a major challenge hindering the growth of the market. The global market faces challenges due to inadequate feedstock supply and fluctuating raw material prices. Feedstock, such as carbohydrates and food crops, is essential for production. Maintaining a steady supply is difficult due to increasing prices. Fluctuations in raw material prices, influenced by nature, impact production and pricing. Vendors struggle to fix prices, leading to potential price increases. Unpredictable raw material availability and harsh climatic conditions further hinder the industry's growth. Technical complexities and procurement challenges also contribute to the market's challenges.
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Ambuja Group- The company offers paper starch such as maize starch, dextrose anhydrous powder, and dextrins.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Angel Starch and Food Pvt. Ltd., Anora Group Plc, Archer Daniels Midland Co., Bharat Starch, Bluecraft Agro Pvt. Ltd., Cargill Inc., Desai Marketing, Food Innovation Online Corp., Gromotech Agrochem Pvt. Ltd., Gujarat Ambuja Exports Ltd., Ingredion Inc., Kent Corp., Poon Phol Co. Ltd., Qingdao CBH Co. Ltd., Roquette Freres SA, SPAC Starch Products India Pvt. Ltd., Sudzucker AG, Tate and Lyle Plc, Tereos Group, and Gulshan Polyols Ltd.
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
The market is influenced by various factors like Gelling agent properties, demand for Genetically modified organism (GMO) free products, and Global market trends. Paper manufacturers use it for its Glossy texture and as a Moisture-retaining agent in paper-based materials. Starch, including Glucose syrup and Maltodextrin, is crucial in Manufacturing ready-to-eat food products packaging. In non-food applications, starch acts as a Stabilizing agent and Thickening agent in textile and Motor fuel production. The market thrives on innovation, such as Starch derivatives and Starch esters and ethers, to meet evolving needs in industries like Tube winding and Pet food products.
The market plays a crucial role in various industries, including Adhesives for paper bonding, Biodegradable packaging solutions, and Binder in paper products. It's used in Corrugated boards for added strength and in Cyclodextrin for encapsulation in food and beverage processing. Native market trends influence its use in Processed and convenience foods and Processed meat as a Thickener and Emulsifier. Renewable sourcing is key, impacting industries like Bioethanol production and Energy source development. In cosmetics, it's found in Cosmetic powders for its Moisturization properties.
The market impacts various industries, serving as a Bonding agent in paper production, a Thickener in Bakery mixes and Batter mixes, and a Flocculant in wastewater treatment. It's crucial in Cationic starches for paper strength and in Emulsifiers for food processing. In the Food and beverage supply chain, it's used in Candies, Dips, and Frozen cakes. Skin products utilize it for its Moisturization properties, while it's a Sweetener in Non-allergic vegan cheese. The market's Player positioning is key, impacting strategies in Restaurants and food service outlets and Winning strategies for market share.
Paper Starch Market Scope |
|
Report Coverage |
Details |
Page number |
178 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.63% |
Market growth 2023-2027 |
USD 8.98 billion |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
4.67 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 34% |
Key countries |
US, Canada, China, Germany, and UK |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
Angel Starch and Food Pvt. Ltd., Anora Group Plc, Archer Daniels Midland Co., Bharat Starch, Bluecraft Agro Pvt. Ltd., Cargill Inc., Desai Marketing, Food Innovation Online Corp., Gromotech Agrochem Pvt. Ltd., Gujarat Ambuja Exports Ltd., Ingredion Inc., Kent Corp., Poon Phol Co. Ltd., Qingdao CBH Co. Ltd., Roquette Freres SA, SPAC Starch Products India Pvt. Ltd., Sudzucker AG, Tate and Lyle Plc, Tereos Group, and Gulshan Polyols Ltd. |
Market dynamics |
Parent market analysis, Market Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Source
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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