Global Starch-based Glues Market: Continued Growth Expected with Market Volume Reaching 1.8M tons by 2030

IndexBox has just published a new report: World - Glues Based On Starches, Dextrins Or Other Modified Starches - Market Analysis, Forecast, Size, Trends And Insights.

The demand for glues made from starches and modified starches is on the rise globally, driving the market towards continued growth. Projections indicate a 2.8% increase in market volume and a 4.5% increase in market value from 2024 to 2030. Stay informed on the market performance and trends shaping the industry.

Market Forecast

Driven by increasing demand for glues based on starches, dextrins or other modified starches worldwide, the market is expected to continue an upward consumption trend over the next six years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +2.8% for the period from 2024 to 2030, which is projected to bring the market volume to 1.8M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +4.5% for the period from 2024 to 2030, which is projected to bring the market value to $3.2B (in nominal wholesale prices) by the end of 2030.

Consumption

World Consumption of Glues Based On Starches, Dextrins Or Other Modified Starches

Global starch glue consumption expanded modestly to 1.5M tons in 2024, picking up by 3.3% on 2023. The total consumption volume increased at an average annual rate of +4.3% from 2013 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak volume of 1.6M tons. From 2023 to 2024, the growth of the global consumption failed to regain momentum.

The global starch glue market value was estimated at $2.4B in 2024, growing by 2.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a perceptible expansion from 2013 to 2024: its value increased at an average annual rate of +4.5% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption decreased by -3.7% against 2022 indices. As a result, consumption reached the peak level of $2.5B. From 2023 to 2024, the growth of the global market failed to regain momentum.

Consumption By Country

The countries with the highest volumes of consumption in 2024 were China (300K tons), the United States (165K tons) and India (126K tons), with a combined 39% share of global consumption. Italy, Germany, Japan, Brazil, Egypt, Turkey and South Korea lagged somewhat behind, together accounting for a further 29%.

From 2013 to 2024, the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by Egypt (with a CAGR of +11.7%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($421M), China ($411M) and Japan ($224M) appeared to be the countries with the highest levels of market value in 2024, together accounting for 43% of the global market. South Korea, India, Italy, Brazil, Germany, Egypt and Turkey lagged somewhat behind, together comprising a further 27%.

Egypt, with a CAGR of +13.1%, saw the highest growth rate of market size among the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of starch glue per capita consumption in 2024 were Italy (1,857 kg per 1000 persons), Germany (1,020 kg per 1000 persons) and Japan (661 kg per 1000 persons).

From 2013 to 2024, the biggest increases were recorded for Egypt (with a CAGR of +9.4%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Glues Based On Starches, Dextrins Or Other Modified Starches

In 2024, global starch glue production expanded rapidly to 1.6M tons, surging by 5.7% compared with the previous year's figure. In general, the total production indicated a temperate increase from 2013 to 2024: its volume increased at an average annual rate of +4.9% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, production decreased by -2.6% against 2022 indices. The pace of growth was the most pronounced in 2022 with an increase of 19% against the previous year. As a result, production reached the peak volume of 1.6M tons; afterwards, it flattened through to 2024.

In value terms, starch glue production rose slightly to $2.5B in 2024 estimated in export price. Over the period under review, the total production indicated temperate growth from 2013 to 2024: its value increased at an average annual rate of +4.8% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, production decreased by -3.6% against 2022 indices. The pace of growth appeared the most rapid in 2021 with an increase of 19% against the previous year. Global production peaked at $2.6B in 2022; however, from 2023 to 2024, production failed to regain momentum.

Production By Country

The countries with the highest volumes of production in 2024 were China (319K tons), the United States (166K tons) and Germany (156K tons), together comprising 41% of global production. India, Italy, Japan, Saudi Arabia, Brazil, Egypt and Turkey lagged somewhat behind, together accounting for a further 34%.

From 2013 to 2024, the biggest increases were recorded for Saudi Arabia (with a CAGR of +22.9%), while production for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Glues Based On Starches, Dextrins Or Other Modified Starches

In 2024, supplies from abroad of glues based on starches, dextrins or other modified starches decreased by -15.7% to 200K tons, falling for the third consecutive year after nine years of growth. The total import volume increased at an average annual rate of +2.0% from 2013 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 11% against the previous year. As a result, imports reached the peak of 253K tons. From 2022 to 2024, the growth of global imports remained at a lower figure.

In value terms, starch glue imports contracted dramatically to $286M in 2024. Overall, total imports indicated a modest increase from 2013 to 2024: its value increased at an average annual rate of +1.6% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, imports decreased by -19.3% against 2022 indices. The most prominent rate of growth was recorded in 2022 when imports increased by 20% against the previous year. As a result, imports reached the peak of $354M. From 2023 to 2024, the growth of global imports failed to regain momentum.

Imports By Country

In 2024, the UK (26K tons), followed by Poland (13K tons) and France (11K tons) were the main importers of glues based on starches, dextrins or other modified starches, together achieving 25% of total imports. The following importers - Sweden (8.3K tons), Kuwait (7K tons), Indonesia (6.7K tons), the Czech Republic (6.3K tons), the Netherlands (5.5K tons), Switzerland (4.5K tons) and Spain (4.1K tons) - together made up 21% of total imports.

The UK was also the fastest-growing in terms of the glues based on starches, dextrins or other modified starches imports, with a CAGR of +11.3% from 2013 to 2024. At the same time, Poland (+9.6%), Switzerland (+7.6%), Sweden (+7.0%), the Czech Republic (+6.9%), Kuwait (+3.1%), Indonesia (+2.5%) and Spain (+1.2%) displayed positive paces of growth. By contrast, the Netherlands (-1.8%) and France (-3.6%) illustrated a downward trend over the same period. From 2013 to 2024, the share of the UK, Poland and Sweden increased by +8.1, +3.5 and +1.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest starch glue importing markets worldwide were the UK ($24M), Indonesia ($16M) and Poland ($15M), with a combined 19% share of global imports. Kuwait, France, Sweden, the Netherlands, Spain, the Czech Republic and Switzerland lagged somewhat behind, together accounting for a further 19%.

Kuwait, with a CAGR of +19.4%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

In 2024, the average starch glue import price amounted to $1,427 per ton, therefore, remained relatively stable against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2022 an increase of 22% against the previous year. Global import price peaked at $1,493 per ton in 2013; however, from 2014 to 2024, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Indonesia ($2,377 per ton), while the Czech Republic ($674 per ton) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by Kuwait (+15.8%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Glues Based On Starches, Dextrins Or Other Modified Starches

In 2024, overseas shipments of glues based on starches, dextrins or other modified starches decreased by -0.9% to 240K tons, falling for the third consecutive year after nine years of growth. Over the period under review, exports, however, recorded a remarkable increase. The growth pace was the most rapid in 2017 when exports increased by 22%. The global exports peaked at 295K tons in 2021; however, from 2022 to 2024, the exports stood at a somewhat lower figure.

In value terms, starch glue exports declined sharply to $240M in 2024. In general, exports, however, showed a notable increase. The most prominent rate of growth was recorded in 2021 with an increase of 27% against the previous year. The global exports peaked at $300M in 2022; however, from 2023 to 2024, the exports remained at a lower figure.

Exports By Country

Germany (75K tons) and Saudi Arabia (55K tons) represented roughly 54% of total exports in 2024. It was distantly followed by China (19K tons), constituting a 7.9% share of total exports. The Netherlands (10K tons), the Czech Republic (8.2K tons), Egypt (7.8K tons), the UK (6.1K tons), Austria (5.1K tons), Serbia (4.1K tons) and Spain (4.1K tons) held a relatively small share of total exports.

From 2013 to 2024, the biggest increases were recorded for Egypt (with a CAGR of +61.9%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, Germany ($67M) remains the largest starch glue supplier worldwide, comprising 28% of global exports. The second position in the ranking was held by China ($28M), with a 12% share of global exports. It was followed by Saudi Arabia, with an 8% share.

From 2013 to 2024, the average annual rate of growth in terms of value in Germany totaled +1.3%. The remaining exporting countries recorded the following average annual rates of exports growth: China (+26.3% per year) and Saudi Arabia (+14.7% per year).

Export Prices By Country

The average starch glue export price stood at $1,000 per ton in 2024, with a decrease of -19.2% against the previous year. Over the period under review, the export price saw a noticeable curtailment. The most prominent rate of growth was recorded in 2022 when the average export price increased by 15% against the previous year. The global export price peaked at $1,419 per ton in 2014; however, from 2015 to 2024, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the UK ($1,995 per ton), while Saudi Arabia ($345 per ton) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by China (+4.9%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform