The global starch derivatives market is projected to grow at a significant CAGR during the forecast period. The key factors that drive the market growth include a wide range of applications in which starch is used such as food & beverage, feed, paper industry, pharmaceutical industry, cosmetics, plastic, and others. Rising extensive use of natural ingredients across these industries is encouraging the use of starch derivatives and thereby enhancing the market growth during the forecast period.
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Further, the extensive use of starch derivatives in making biodegradable plastics for vehicle manufacturing is also spurring market growth. It is a cost-effective alternative to plastic as it is a lightweight component, which increases the overall efficiency of the vehicle. The conventional plastic is non-degradable and increases the production of carbon dioxide. As a result, the use of bio-plastic or biodegradable plastic is increasing since these are renewable resources and significantly reduces emissions. Furthermore, as bioplastic is easily degradable and creates no or less pollution, the adoption of bioplastics is projected to increase in the near future due to continuous government support for green initiatives. Thus, this is further propelling the market growth during the forecast period.
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Global Starch Derivatives Market Segmentation
• Glucose Syrup
• By Application
• Food & Beverage
• Paper Industry
• Pharmaceutical Industry
• United States
• Rest of Europe
• Rest of Asia-Pacific
Rest of the World
• Agrana Group
• Archer Daniels Midland Co.
• Avebe UA
• BENEO GmbH
• Cargill Inc.
• Emsland Group
• Global Bio-chem Technology Group Co. Ltd.
• Grain Processing Corp.
• Ingredion Inc.
• Lasenor Emul S.L.
• Roquette Frères
• SPAC Group
• Stern-Wywiol Gruppe GmbH & Co. KG
• Tate & Lyle Plc
• Tereos S.A
• Tongaat Hulett Ltd.
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