In 2023, the Danish market for glues based on starches or modified starches reached 6.7464 million USD. The market has shown resilience, marked by fluctuations with year-on-year variations from a high of 19.18% in 2014 to a contraction of 11.78% in 2019. The five-year compound annual growth rate (CAGR) up to 2023 was marginal at 0.036%, highlighting a stabilizing trend post initial volatility. Notably, the market demonstrated modest growth in the last two years, with increases of 2.18% and 2.11% in 2022 and 2023, respectively.
Future trends to watch for:
- Increased environmental focus may drive demand for bio-based adhesives.
- Technological advancements could improve the efficiency and applications of starch-based glues.
- Potential impacts of regulatory changes on the food packaging industry could influence market dynamics.
| # | 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 |
| 7 | 7 Ukraine | 7,318,800 | 2023 | -2.86% | -3.72% | 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% | |
| 10 | 10 Morocco | 3,085,600 | 2023 | -3.14% | -3.27% | View data |
| 11 | 11 Jordan | 2,168,900 | 2023 | +2.95% | +4.16% | View data |
