The market for glues based on starches or modified starches in Morocco has experienced a downward trend from 2013 to 2023, with the market value decreasing from $4.9229 million in 2013 to $3.0856 million in 2023. This represents a notable contraction, as evidenced by nearly consistent negative year-on-year variations, except for a brief positive growth of 2.03% in 2021. The compound annual growth rate (CAGR) over the last five years indicates an average annual decline of 3.27%.
Future trends to watch for include:
- Potential innovations and developments in biodegradable and eco-friendly glues, which could reinvigorate the market.
- Shifts in consumer preferences towards sustainable products as environmental awareness increases.
- Technological advancements in production processes that may reduce costs and improve the competitiveness of starch-based adhesives.
| # | 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% | View data |
| 8 | 8 Austria | 6,847,900 | 2023 | -2.16% | -1.44% | View data |
| 9 | 9 Denmark | 6,746,400 | 2023 | +2.11% | +0.036% | View data |
| 10 | 10 Morocco | 3,085,600 | 2023 | -3.14% | -3.27% | |
| 11 | 11 Jordan | 2,168,900 | 2023 | +2.95% | +4.16% | View data |
| 12 | 12 Croatia | 1,875,400 | 2023 | -0.88% | -3.69% | View data |
