Latest News - Modified Starch Market: Dry is expected to lead the Type segment during 2024-2028

The Modified Starch Market is being driven by Increasing demand for modified starch as thickeners

The Modified Starch Market is expected to grow at a CAGR of 5.97% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 4250 million. The global modified starch market is experiencing significant growth due to the increasing demand for eco-friendly products. Modified starch plays a crucial role in the production of thermoplastic composites used in one-time-use containers and articles, manufactured through processes such as extrusion, blow molding, compression molding, co-extrusion, and injection molding. An emerging trend in the market is the utilization of granular starch as a filler to enhance the biodegradation of commodity plastics, including polypropylene, linear low-density polyethylene, and polystyrene. Corn starch granules, treated with silanes to improve their compatibility with hydrophobic plastic matrices, are a key component in this application. The market's expansion is driven by the environmental benefits and the potential to increase the usage of starch in plastic manufacturing processes. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Dry
  • Liquid
• Application
  • Food and beverage
  • Textile and paper
  • Others
• End-User
  • Industrial
  • Consumer
  • Healthcare
• Geography
  • North America
    • US
    • Canada
  • APAC
    • China
    • India
    • Japan
  • Europe
    • France
    • Germany
    • Italy
    • UK
  • South America
    • Argentina
    • Brazil
  • Middle East and Africa
    • Egypt
    • KSA
    • Oman
    • UAE

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing demand for modified starch as thickeners
• High demand for corn starch as a less expensive alternative
• Increase in R and D activities associated with modified starches

However, the market also witnesses some limitations, which are as follows:

• Fluctuating prices of raw material hampering scale of modified starch production
• Increasing application of gum arabic as a substitute for modified starch
• Limitations associated with the use of starch as a thermoplastic material

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Market Scope in Modified Starch Market Research Report

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Research Analysis Overview

The Modified Starch Market encompasses a wide range of applications, from Textiles as a sizing agent, to Mosquito coils as a binder, and Bioethanol production as a feedstock. In Caribbean cuisine, Cassava and Tapioca starch are commonly used, but their bland taste requires modification for various food applications. Rice, Wheat, Corn, and other commodity sources are also used as feedstocks for Modified Starch production. Modifications include altering viscosities, cost, strength, and adhesive performance for tailor-made ingredients in Cosmetics and Bioplastics. Formulation adjustments create Emulsifiers, Fat replacers, and Texture agents for the Food industry. Modified Starches are also used in the Paper industry as binders and coating agents. Processing technology plays a crucial role in Modified Starch production, with native starch being the primary raw material. The choice of modification techniques, such as acetylation, cross-linking, and phosphorylation, significantly impacts the final product's properties. The versatility of Modified Starches continues to expand, offering endless possibilities for various industries.

Market Research Overview

The global diversified chemicals industry encompasses businesses producing a broad spectrum of chemical products that fall outside the realms of industrial gases, commodity chemicals, specialty chemicals, and agricultural chemicals. According to Technavio, the market size is determined by the consolidated revenue generated by manufacturers of this diverse chemical assortment. Factors propelling the expansion of the global diversified chemicals market include robust demand from emerging economies, such as China, Brazil, Indonesia, and India. These nations present attractive opportunities due to government incentives, abundant labor, ample land resources, and minimal transportation expenses, compelling numerous diversified chemicals manufacturers to establish operations in these regions. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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