NEW
YORK, June 24, 2024 /PRNewswire/ -- The
global paper starch market size is estimated to grow by
USD 7.12 billion from 2024-2028,
according to Technavio. The market is estimated to grow at a CAGR
of over 5.17% during the forecast period. The paper starch
market is on an upward trajectory, fueled by the rising demand for
recycled paper and its applications in various
industries.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data (2018 -
2022) - Download a Sample Report
However, the industry faces headwinds from digitization and the
need for sustainable practices.
Growth Drivers:
- Recycled Paper Boom: The increasing use of recycled
paper, which requires starch for maintaining fiber quality, is a
major growth factor. Environmental concerns and the adoption of the
3Rs principle (Reduce, Reuse,
Recycle) are driving this trend.
- Multi-Industry Applications: Paper starch finds use as a
binder in paper, textiles, and as a thickener/stabilizer in food.
This versatility broadens the market's reach.
- Sustainability Edge: Paper starch is a renewable
resource, aligning with the growing preference for eco-friendly
products.
- Market Challenges:
- Digital Disruption: The shift towards digital documents
and e-learning platforms due to advanced electronics and cloud
computing is a significant challenge.
- Alternative Starch Sources: The growing demand for
biodegradable products is pushing companies to explore alternatives
to traditional corn and potato starch sources.
- Price Volatility: Fluctuations in the prices of raw
materials like corn and potatoes can impact production costs.
- Competition: The market experiences competition from
synthetic alternatives, necessitating continuous innovation and
cost-effectiveness for paper starch manufacturers.
Segment Analysis:
- Corn Starch Leads the Way: Corn starch dominates the
market due to its effectiveness in enhancing surface improvement,
dry strength, and wet-end sizing in paper manufacturing.
- Beyond Paper: Paper starch finds applications in
packaging paperboard, printing and writing paper, and other
industrial uses.
Geographic Landscape:
The report analyzes the paper starch market across regions like
North America, Europe, Asia
Pacific, South America, and
the Middle East and Africa.
Future Outlook:
Despite the challenges, the paper starch market is expected to
witness considerable growth in the coming years. Its diverse
applications, eco-friendly nature, and continuous research and
development efforts are likely to propel the market forward.
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio