Global Modified Potato Starch Market 2019-2023| Adoption of Precision Farming to Boost Growth| Technavio

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The global modified potato starch market is expected to post a CAGR of over 4% during the period 2019-2023, according to the latest market research report by Technavio.

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Technavio has released a new market research report on the global modified potato starch market for  ...

Technavio has released a new market research report on the global modified potato starch market for the period 2019-2023. (Graphic: Business Wire)

A key factor driving the growth of the modified potato starch market is the increased demand from developing economies such as India, China, Brazil, Indonesia, Thailand, Egypt, and South Africa. Many vendors are shifting their manufacturing activities to these emerging countries owing to factors such as inexpensive labor, easy availability of raw materials, low transportation costs, availability of land and lenient government regulations and policies. The increase in the number of production plants in China and India is likely to augment the growth of the modified potato starch market.

This market research report on the global modified potato starch market 2019-2023 also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing

In this report, Technavio highlights the adoption of precision farming as one of the key emerging trends in the global modified potato starch market:

Global modified potato starch market: Adoption of precision farming

Precision farming is growing in popularity because of factors such as low cost, limited availability of land, and improved farming practices. This technique uses high-precision positioning systems, smart sensors, satellites, and a range of IT applications for producing crops. Precise farming techniques provide better yields with low production cost than conventional practices. In 2016, China and India produced 99.12 million tonnes and 43.77 million tons of potatoes, respectively. The adoption of precision farming in developing countries, such as China, India, and Bangladesh, will drive the demand for modified potato starch during the forecast period.

“Modified potato starch is extensively used for producing biodegradable packaging as it improves the strength and durability of packaging films. Biodegradable packaging is preferred in food and non-food application as it is environment-friendly. R&D focusing on the development of improved modified potato starch for biodegradable films for packaging will have a positive influence on the market during the forecast period,” says a senior analyst at Technavio for research on specialty chemicals.

Global modified potato starch market: Segmentation analysis

This market research report segments the global modified potato starch market by application (food and beverages, paper and paperboard, and pharmaceuticals), and geographical regions (APAC, EMEA, and the Americas).

The EMEA led the market in 2018 with a market share of over 39%, followed by the Americas and APAC respectively. Although APAC accounted for the smallest share of the market in 2018, it is expected to register the highest incremental growth during the forecast growth.

Looking for more information on this market? Request a free sample report

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at media@technavio.com.

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Business Wire: 15:06 GMT Thursday 6th December 2018

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