The growth is anticipated to be supported by the rising demand from different industry verticals.
Based on the report, the surging usage across different industries will drive growth in the market in the coming years till 2022.
However, the growing demand for alternatives will negatively affect the modified starches market’s growth.
The weak supply chain is anticipated to be another factor which could turn out to be a threat to companies during 2016 to 2022.
While the increasing demand from manufacturers across different sectors will support the market during the forecast period and favorable government policies will also help the market globally, the growth could be affected by the lack of developed infrastructure which could hinder business activities.
On the basis of applications, the market is segmented into smaller segments including food & beverages (beverages, confectionery, processed food, others), non-food (corrugating & paper making, personal care, pharmaceutical, textiles, and others).