South America Industrial Starch Market Forecast to 2028 - COVID-19 Impact and Regional Analysis - by Flavor, Category, Form, and Distribution Channel

The SAM industrial starch market is expected to grow from US$ 5,353.58 million in 2022 to US$ 7,063.80 million by 2028; it is estimated to grow at a CAGR of 4.7% from 2022 to 2028.

Traditionally companies use polystyrene materials, which are generally extruded, or injection molded for packaging. However, increasing awareness among companies about the environmental impact of polystyrene, such as its non-biodegradability. Polystyrene packaging is non-recyclable and ends up in a landfill. Therefore, companies are looking to use biodegradable and recyclable packaging materials where possible. Starch-based materials have the potential as biodegradable food packaging materials that reduce environmental pollution. The usability of starch-based biodegradable materials can be improved or extended by adding other additives or biopolymers and using innovative preparation techniques. Additionally, the starch adhesive is most widely used in the corrugated board industry because of its abundant supply, low cost, renewability, biodegradability, and ease of chemical modifications. As participants in the packaging industry become increasingly aware of the importance of moving toward sustainable and greener options such as corn starch packaging is being recognized as more than just a public relations alternative. This significant growth of e-commerce and increasing adoption of eco-friendly packaging material is expected to propel the demand for industrial starch.
Vendors in the industrial starch market can attract new customers and expand their footprints in emerging markets by offering products with new features and technologies. This factor is likely to drive the market at a good CAGR during the forecast period.

SAM Industrial Starch Market Segmentation

The SAM industrial starch market is segmented on the type, source, application, and country. Based on type, the market is segmented into native starch and starch derivatives and sweeteners. The starch derivatives and sweeteners segment dominated the market in 2022 and is expected to register the highest CAGR during forecast period.
Based on source, the market is segmented into potato, corn, wheat, cassava, and others. The wheat segment dominated the market in 2022 and corn segment is expected to register the highest CAGR during the forecast period.
Based on application, the SAM industrial starch market is segmented into food and beverages, pulp and paper, animal feed, pharmaceuticals, and others. The food and beverages segment dominated the market in 2022, and pulp and paper segment is expected to register the highest CAGR during the forecast period.
Based on country, the SAM industrial starch market is segmented into Brazil, Argentina, and the Rest of SAM.
ADM; AGRANA Beteiligungs AG; Cargill, Incorporated; Grain Processing Corporation; Ingredion Incorporated; Roquette Frères; Tate & Lyle PLC; and Tereos Group are among the leading companies operating in the SAM industrial starch market.