The market size for glues based on starches or modified starches in Greece reached $14.623 million in 2023. From a year-on-year perspective, there was a steady growth of 5.26% in 2023, slightly down from the 5.62% increase in 2022, indicating a modest but consistent upward trend. Over the last five years, the compound annual growth rate (CAGR) was 4.7%, reflecting a gradual increase in market value. These figures suggest a persistent increase in demand, albeit at a decelerating pace compared to earlier years.
Looking ahead, trends to watch include advancements in sustainable and biodegradable adhesive technologies, driven by environmental concerns. Additionally, innovations in modified starch applications might spur further market expansion and diversify usage across industries.
| # | 14 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 31,392,000 | 2023 | -0.14% | -0.89% | View data |
| 2 | 2 Italy | 24,745,000 | 2023 | +1.14% | +1.75% | View data |
| 3 | 3 Saudi Arabia | 15,883,000 | 2023 | -0.1% | -0.46% | View data |
| 4 | 4 Greece | 14,623,000 | 2023 | +5.26% | +4.7% | |
| 5 | 5 Spain | 13,373,000 | 2023 | -3.08% | +0.14% | View data |
| 6 | 6 Canada | 9,325,300 | 2023 | +0.63% | +1.19% | View data |
