The market for glues based on starches or modified starches in Spain experienced fluctuating trends from 2013 to 2023, ending at a value of 13.373 million USD in 2023. The sector saw peak values in 2013 and notable dips in 2015 and 2017. The most recent years highlight a downward trend with year-on-year decreases of around 3% across 2021 to 2023. Over the last five years, the compound annual growth rate (CAGR) was a marginal increase, showcasing a volatile market with limited steady growth.
Future trends to watch for include:
- Increased demand for eco-friendly adhesive solutions, leveraging the natural benefits of starch-based products.
- Technological innovation in product formulations to enhance the strength and functionality of these glues.
- Potential for market expansion driven by consumer preference for sustainable products in packaging and other 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% | View data |
| 5 | 5 Spain | 13,373,000 | 2023 | -3.08% | +0.14% | |
| 6 | 6 Canada | 9,325,300 | 2023 | +0.63% | +1.19% | View data |
| 7 | 7 Ukraine | 7,318,800 | 2023 | -2.86% | -3.72% | View data |
