A wide variety of agro-climatic conditions Maize is known as the "Queen of Cereals" around the world because it has the highest genetic yield potential of all cereals. It is grown on approximately 150 million hectares in about 160 countries, with a wider range of soil, environment, ecology, and management practices, and contributes 36% (782 million tonnes) of global grain production.
The United States of America (USA) is the world's largest producer of maize, accounting for nearly a third of global production, and maize is the backbone of the US economy. The United States has the highest productivity (> 9.6 t ha-1), which is more than double that of the rest of the world (4.92 tha-1). In comparison, India's average productivity is 2.43 tha-1. After rice and wheat, maize is India's third most important food crop.
Maize and maize products are used in a variety of industrial applications, including adhesives, explosives, and soaps, as well as clothing sizing. Asbestos, ceramics, dyes, plastics, oil cloth, linoleum, paper, and paper boards are all made with maize starch, as are textiles, mining, deep oil exploration, and the cosmetic and pharmaceutical industries.
Glucose or corn syrup, corn sugar, dextrin, and industrial alcohol are all maize starch derivatives that are used in various industries. The grain is used in the production of a variety of alcoholic beverages. In the textile and paper industries, maize starch is widely used as a sizing material. It's used in the food industry to make pies, puddings, salad dressings, and confections.
It's used in the production of tablets, as a binder, and as a cellulose substitute. It complies with all pharmaceutical requirements. In the textile business: - It boosts weaving efficiency. It's used in the finishing of textiles. It increases the texture while increasing the stiffness of the fabric. In the food processing industry, glucose syrup is mainly used in confectionery. Maize fiber is used to produce sweeteners, starches, and ethanol, which is one of the most popular and important applications. As a result, it is used in a variety of industries.
In 2018, the Indian corn starch market was estimated to be worth $1.37 billion, and it is expected to expand at a CAGR of 3.9 percent from 2019 to 2024. The easy availability of corn and its wide range of applications in various industries such as food and beverage, pharmaceutical, animal feed, textile industry, paper industry, and others are driving the growth of the India Corn Starch market. Thus, due to demand it is best to invest in this project.
Few Indian major players
· Aksharchem (India) Ltd.
· Amaravati Agro Ltd.
· Cargill India Pvt. Ltd.
· Devi Corn Products Ltd.
· Gayatri Bioorganics Ltd.
Gujarat Ambuja Exports Ltd.