In 2023, the import value of glues based on starches or modified starches to the UK stood at $13.1 million USD. The forecast for 2024 shows an increase to $13.523 million. With subsequent years showing incremental growth, reaching $15.232 million by 2028, the year-on-year increases from 2024 to 2028 reflect a steady upward trend. Specifically, the compound annual growth rate (CAGR) over these five years is estimated to be approximately 3.01%.
Future trends to watch for include potential technological advancements in starch-based products, shifts in consumer preferences towards sustainable materials, and evolving trade policies post-Brexit that could impact import dynamics and costs in the UK market.
- The importance of sustainability in consumer choices might boost demand for starch-based glues.
- Evolving regulatory and trade environments post-Brexit could affect import logistics and costs.
- Technological advancements in production and use of starch-based products can impact market trends.