The global film forming starches market is experiencing substantial growth, poised to reach a market valuation of USD 976 million by 2023, with a projected CAGR of 6.1% from 2023 to 2033. Film-forming starches serve as renewable biopolymers used in edible coatings and films, providing a sustainable alternative for packaging in various industries, including food, pharmaceuticals, and personal care.
The demand for film forming starches is driven by the increasing need for eco-efficient packaging solutions. As consumers and industries seek alternatives to traditional plastic films, biodegradable options like starch films are gaining popularity due to their environmental sustainability and effectiveness in preserving products. The agriculture and horticulture segments have been particularly receptive to biodegradable films, promoting optimal water utilization and environmental conservation.
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Key Factors of the Global Film Forming Starches Market:
- Film forming starches offer a sustainable packaging alternative, derived from renewable resources and biodegradable in nature. As awareness of environmental issues grows, industries are increasingly adopting starch films to reduce their ecological footprint.
- Starch is a versatile material, readily available and cost-effective, making it an ideal foundational material for various industrial applications. Its properties, including thickening and water retention capabilities, make it suitable for use in food, pharmaceutical, and personal care products.
Key Trends of the Global Film Forming Starches Market:
- The global packaging sector is witnessing a shift towards biodegradable alternatives, driven by concerns over plastic pollution and environmental sustainability. Starch films are emerging as a promising solution, offering biodegradability and effective product protection.
- Film forming starches are experiencing increased demand across industries such as food, pharmaceuticals, and personal care. In the food sector, starches are used as coating agents and binders, while in personal care and cosmetics, they provide thickening and bonding properties.
Key Manufacturing Companies:
- Cargill, Inc.; Archer Daniels Midland Company; Ingredion Incorporated; Tate and Lyle PLC; AGRANA Beteiligungs AG
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Global Film Forming Starches Market: Market Segmentation
On the basis of Source of Starch, the global film forming starches market has been segmented as:
- Potato
- Wheat
- Corn
- Cassava
- Tapioca
- Maize
- Rice
On the basis of Product Type, the global film forming starches market has been segmented as:
- Native Starch
- Modified Starch
- Starch derivatives & sweeteners
On the basis of End Use, the global film forming starches market has been segmented as:
- Pharmaceuticals
- Food and Beverages
- Others
On the basis of Form, the global film forming starches market has been segmented as:
- Dry
- Liquid
Regional-wise Analysis of the Global Film Forming Starches Market:
- North America:
The North American market for film forming starches is driven by factors such as the expanding pharmaceutical sector, growing consumer awareness of healthy and organic products, and rising demand for convenience foods. Film forming starches find extensive use in the food sector as coating agents and binders, as well as in pharmaceutical tablet coatings.
- Asia Pacific:
In Asia Pacific, the rising disposable income of the middle-class population is driving demand for personal care and cosmetic products, which utilize film forming starches for thickening and bonding. Additionally, the region’s increasing awareness of natural and organic products is fueling demand for starch-based alternatives in various industries.
- Europe:
The European market for film forming starches is primarily driven by the food sector, where these starches are used as coating agents and binders in response to the growing demand for convenience foods and snacks. The pharmaceutical industry in Europe also contributes to demand, particularly in tablet coatings.
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