The Global Film Forming Starches market is expected to reach a market valuation of US$ 976 million by 2023, recording a CAGR of 6.1% from 2023 to 2033.
The starches that form edible coatings and films are used to contain antimicrobials, colorants, flavorings, and leavening agents as well as protective coatings and films that shield food and pharmaceutical products from oxygen and moisture intrusion. These renewable biopolymers, which form the film-forming starches, are produced in great quantities throughout the world in all geographical areas. Due to the ease of processing and availability of starches all over the world, film-forming starches are therefore more affordable than other materials that create films and coatings.
Attributes | Details |
---|---|
Film Forming Starches Market Size (2023E) | US$ 976 million |
Film Forming Starches Market Projected Size (2033F) | US$ 1,746 million |
Value CAGR (2023 to 2033) | 6.1% |
Top 3 Countries Marketing Share | 65.5% |
The latest generation of bio-based products, known as eco-efficient products, are made with sustainable resources and adhere to ecological and economic standards, including ecologically responsible post-user waste management. The starch is one of the naturally occurring, promising polymers, as has already been mentioned. The proportion of amylose and amylopectin contained in the granules, which is a result of the botanical source, makes up the majority of the carbohydrate known as starch.
In our new study, ESOMAR-certified market research and consulting firm Future Market Insights (FMI) offers insights into key factors driving demand for Film Forming Starches.
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
Market Statistics | Details |
---|---|
Jan-Jun (H1), 2021 (A) | 5.4% |
Jul-Dec (H2), 2021 (A) | 5.3% |
Jan-Jun (H1), 2022 Projected (P) | 5.5% |
Jan-Jun (H1), 2022 Outlook (O) | 5.4% |
Jul-Dec (H2), 2022 Projected (P) | 5.3% |
Jul-Dec (H2), 2022 Outlook (O) | 5.3% |
Jan-Jun (H1), 2023 Projected (P) | 5.4% |
The worldwide packaging sector is going through unheard-of changes as a result of ongoing technical breakthroughs, quick industrialization, and increasing urbanization. Depending on the material structure and climatic variables, plastic films might take 20-500 years to dissolve into the soil. Biodegradable alternatives have become more and more common as a result of plastic's poor biodegradability and extensive and irresponsible use. This is how starch films are used. The global market's application segment in 2022 was dominated by agriculture and horticulture as people became more and more aware of the benefits of utilizing biodegradable films to encourage optimal water utilization.
The most promising polymer of natural origin is thought to be starch, a macromolecule with great biological significance that is also abundant and inexpensive. Starch is the ideal foundational material for a wide range of industrial applications due to its simple accessibility and yearly renewing nature. There is a growing need for starch since it has several uses in the food business, particularly as a thickening agent (e.g., to change texture or viscosity) and for water retention (e.g., swelling qualities).
Starches that form films are frequently employed as coating agents, binders, and thickeners in the food, pharmaceutical, and personal care sectors. In North America, factors including the expanding pharmaceutical sector, rising consumer awareness of healthy and organic products, and rising demand for convenience foods all contribute to the market for film forming starches. The usage of film forming starches as a coating agent and binder in the food sector has increased as a result of the rising demand for processed and convenience foods. Due to its use in tablet coatings, the pharmaceutical industry in the US is also a significant user of film forming starches.
The demand for personal care and cosmetic items is being driven by the increased disposable income of the middle-class population in Asia and the Pacific. These products thicken and bond using film-forming starches. The advantages of natural and organic products are becoming more and more well known among consumers. Natural sources including corn, potatoes, and tapioca are used to make film-forming starches, which are seen as a safer and better alternative to artificial components. The personal care and cosmetics industries are seeing an increase in demand for film-forming starches as a result.
The food sector in Europe is the main driver of demand for film-forming starches because it uses them as a coating agent and binder. Film-forming starches are being used more frequently in the food sector as a result of the rising demand for convenience foods, snacks, and ready-to-eat meals in Europe. Due to the use of film-forming starches in tablet coatings, the pharmaceutical industry in Europe is also a large user of these substances.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
In the pharmaceutical sector, film-forming starches are employed as a coating agent for tablets and capsules. The tablets' and capsules' durability, aesthetics, and flavor are all improved, and the active ingredients are shielded from deterioration. Starches that form films are employed in the personal care sector as thickeners, binders, and emulsifiers. They can be found in many different personal care items, including shampoos, conditioners, lotions, and creams.
Over the course of the forecast period, double-digit growth in the sales of film-forming starches is anticipated to persist. Additionally, the biodegradable properties of the film-forming starches have increased their demand globally due to consumers' growing awareness of the need for sustainable and eco-friendly materials. Because they are totally biodegradable, inexpensive, and delicious, native and modified film forming starches have drawn a lot of attention in the development of biodegradable films.
Film Forming Starches market is only slightly fragmented. The major market players are concentrating on expansion tactics like mergers and acquisitions and extending their distribution networks to increase their market position. The manufacturers in the market used a variety of competitive methods, including product releases, free-from claims, and organic and natural origin claims.
Attribute | Details |
---|---|
Forecast Period | 2023 to 2033 |
Historical Data Available for | 2018 to 2022 |
Market Analysis | US$ million for Value and Metric Ton for Volume |
Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; the Middle East and Africa |
Key Countries Covered | United States of America, Canada, Brazil, Mexico, Germany, United Kingdom, France, Italy, Spain, Nordic, Russia, Poland, China, Japan, South Korea, India, Thailand, Indonesia, Malaysia, Singapore, Australia, New Zealand, GCC countries, North Africa, South Africa, others. |
Key Segments Covered | Source, Product Type, End Use, Form, Region |
Key Companies Profiled | Cargill, Inc.; Archer Daniels Midland Company; Ingredion Incorporated; Tate and Lyle PLC; AGRANA Beteiligungs AG |
Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
Customization & Pricing | Available upon Request |
The Film Forming Starches Market is valued at US$ 976 million for 2023.
The Film Forming Starches Market valuation is expected to be US$ 1,746 million in the year 2023.
The value of CAGR for the Film Forming Starches Market is estimated to be 6.1%.
The Pharmaceutical Industry would garner a significant market value share by 2023.
Explore Food and Beverage Insights
View Reports