Exploring the growth and opportunities within Wheat Straw, Corn, Cassava, Starch or Bagasse Tableware manufacturing Industries
In the past few years, India has exhibited its manufacturing prowess, and the trend will be in favour yet again in 2021 despite the economic slowdown and the advent of COVID-19. In April of 2020, India recorded the lowest ever manufacturing rate; however, the trends seem to be changing swiftly. As projected by Trading Economics, through the employment of their econometric models, the manufacturing in India will be back to its best in 2021 with 5.6%, which is above par the average growth rate since 2006.
Things become even more impressive when considering the forecasts from several studies, which indicate the manufacturing industry to be reaching $1 trillion mark by 2025. What’s significant, owing to the context of this article, is the fact that the agricultural manufacturing is integral to these forecasted growths. That brings us to the manufacturing of fibrous products that occupy a huge market in the country. They not only provide a tremendous growth opportunity for businesses to leverage but also reflect upon the gaps in the industry, which can be progressively exploited.
The Wheat Straw Industry
Wheat Straw is often termed as the left-over stock, something that fuels its burning. But, it’s more than that, and the recognition of the same is where the opportunity lies. Its chemical composition constitutes holocellulose, lignin and ash with the former being central to the creation of paper through pulping.
Applications:
- Paper and paperboard production
- Medical containers
- Food packaging
Do you know?
Food containers made from Wheat Straw are biodegradable through commercial composting
With countries, including India, being adamant to the burning of the crop residue, it’s time for the businesses to step in and perceive it as a boon. Again, the very fact that this is considered a waste makes way for your business to include it into your manufacturing funnel at relatively lower costs.
Current Global Market Size: $558.5 million
The Corn Industry
Corn or Maize is the go-to crop for any country courtesy of it being adaptable to various climates. In addition to that, its genetic yield is significantly greater than that of most of the popular crops, making it one of the several prominent faces of the agricultural revenue. To be precise, the maize industry in India reached 27 million metric tons in 2019, which is a Do you know? Food containers made from Wheat Straw are biodegradable through commercial composting significant increase from 22 million metric tons in 2013. At present, India’s maize production is third only after wheat and rice.
Applications:
- Food and Beverage
- Pharmaceutical
- Textile
Do you know?
Poultry industry presents itself as the biggest consumer of corn produced in Asia.
With over nine million hectares of land being cultivated for maize in India and with the country largely exporting its produce to countries, including Malaysia, Indonesia, Vietnam, etc, one can expect exponential growth in the forthcoming days.
Global Market Size (As of 2018): $24.28 billion
The Cassava Industry
When it comes to the assimilation of commercial and nutritional value, Cassava steps on to the stage. The crop’s production has been rising since the past few years, especially in South Asia and Africa. However, the consistent innovation that the crop’s cultivation demands remains a problem for some states where innovation growth is sluggish. Cassava production in India is boosted by a profound value-chain that is empowered by constant research and development activities. This is precisely the reason why cultivation area for the crop grew from 1.9 lakh hectares to 2.29 lakh hectares between 2017 and 2018.
Applications:
- Animal feed
- Food & Beverages
- Medicine
Do you know?
Cassava leaves are edible; however, they require drying in the sun.
Current Global Market Produce: 261 million tons
Starch or Bagasse Tableware Industry
Just like Wheat Straw, Bagasse, which is a sugarcane residue, is subjected to crop burning. For preventing the unnecessary pollution, Bagasse is extensively used for making tableware, and rightly so. Favourably, India is perceived as the most lucrative growth region for Bagasse in the Asia Pacific region.
Applications:
- Tableware
- Paper fibres such as napkins and toilet paper
- Fuel for the sugarcane industry
Do you know?
The tableware made of Bagasse biodegrades in less than three months, which makes it a win-win alternative for plastic.
At present, Bagasse is obtained from an astounding cover of 52.28 lakh hectares thanks to the high production of sugarcane in the country.
Global Market Size (As of 2018): $1.7 billion
What’s in it for businesses?
Looking at the current trends of agricultural production in India, it can be readily put to light that India will soon become the largest manufacturer of prominent crops across the world. However, the identification of the opportunities is must for that, and that’s precisely why the association with EIRI is a feasible option. From conducting research to laying emphasis on the best practices for progression in the diverse business sector, professionals at EIRI make for an all-encompassing solution for your business needs.
