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Cationic Starch Market 2024-2033 - Growth, Trends, Competitive Landscape
Cationic Starch Market
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According to The Business Research Company's, The cationic starch market size has grown steadily in recent years. It will grow from $1.65 billion in 2023 to $1.73 billion in 2024 at a compound annual growth rate (CAGR) of 4.7%. The growth in the historic period can be attributed to paper industry demand, food and beverage sector, textile industry usage, adhesives and binders, oil and gas drilling.
The cationic starch market size is expected to see steady growth in the next few years. It will grow to $2.07 billion in 2028 at a compound annual growth rate (CAGR) of 4.6%. The growth in the forecast period can be attributed to biodegradability and sustainability, pharmaceutical and medical applications, growing textile innovations, increased food industry applications, bioplastic development,. Major trends in the forecast period include clean label food products, pharmaceutical and medical advances, textile innovation, gluten-free baking, construction materials
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Market Drivers and Trends:
An increase in paper manufacturing is expected to propel the growth of the cationic starch market. The ongoing demand for education and literacy, expansion of organized retail, eCommerce, FMCG, pharma/healthcare, quality packaging, and the ban on plastic has bolstered the paper manufacturing activities across the globe. Increasing paper manufacturing is expected to boost the utilization of cationic starch, as they play a prominent role in manufacturing fine papers, packaging board-carton board, corrugated papers, and coated and uncoated wood-containing publication papers. The cationic starch also acts as natural coating binders to provide printability and surface properties and serve as OBA carriers. According to American Forest & Paper Association (AF&PA) released data, In January 2022, in the United States total paper products and materials, and containerboard production increased by 5.6% from 2020-2021. Therefore, the increase in paper production and manufacturing is expected to boost demand for cationic starch during the forecast period.
Technological innovation is a key trend gaining popularity in the cationic starch market. Major companies operating in the cationic starch market are focused on providing advanced solutions to meet end-customer demands and strengthen their market position. These companies are implementing innovations into their end products, such as cross-linked starch products, high-charge cationic starches, anionic starches, and others, to provide additional value to the products. For instance, In June 2021, Roquette, an Indian pharmaceutical excipient provider, launched a new type of modified starches called STABILYS. This aids in producing new types of paper known as EVO 880, which has a high latex replacement rate. It also contributes to lowering paper production costs for paper production industries.
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Major Key Players of the Market:
Roquette Frères S.A., Tate & Lyle PLC, Ingredion Incorporated, Western Polymer Corporation, Galam Ltd., Cargill Incorporated, Santosh Starch Products Limited, Sunar Misir Ent. Tes. San. Tic. A.S., Starch Asia Company Limited, Saurashtra Gum and Chemicals Private Limited, Visco Starch, Banpong Tapioca Flour Industrial Co Ltd., Global Bio-Chem Technology Group Company Limited, Guangxi Mingli Group Co Ltd., Hubei Corn Resources Development Co Ltd., Liaocheng Yonchic Import & Export Co Ltd., Luzhou Bio-chem Technology Limited, Qingdao Cbh Co Ltd., Shandong Fuyang Biotechnology Co Ltd., Zhucheng Xingmao Corn Developing Co Ltd., Honest Derivatives Pvt. Ltd., Chemigate Oy, Solam AB, Südstärke GmbH, Dezhou Runde Starch Co. Ltd., Nantong Yunfeng Starch Co. Ltd., Papermate Science Technology Co. Ltd., Grain Processing Corporation, Chemstar Products Company
Cationic Starch Market 2024 Key Insights:
• The cationic starch market size is expected to see steady growth in the next few years. It will grow to $2.07 billion in 2028 at a compound annual growth rate (CAGR) of 4.6%.
• Surge In Paper Manufacturing Drives Growth In The Cationic Starch Market
• Innovative Solutions Drive Advancements In The Cationic Starch Market
• North America was the largest region in the cationic starch market in 2023
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