Thermoplastic Starch (TPS) Market was valued at USD 800 Million in 2022 and is projected to reach USD 1,400 Million by 2030, growing at a CAGR of 7.5% from 2024 to 2030.
Between 2018 and 2022, the global TPS market was valued at USD 6 billion, with a steady year-over-year growth rate of 4.5%. The expansion of TPS production has been largely fueled by advancements in production technology and increasing consumer demand for eco-friendly products. The automotive industry, for instance, witnessed increased adoption of TPS for manufacturing interior parts, including dashboards and seat covers, due to its lightweight and biodegradable properties. Moreover, the rise in disposable packaging applications, such as food packaging and single-use plastics, has significantly boosted the TPS market, especially in North America and Europe.
As we look ahead from 2023 to 2033, the TPS market is expected to experience a dramatic transformation. The demand for TPS will likely be influenced by the growing emphasis on sustainability and the need to reduce plastic waste. Industry reports forecast that TPS production will grow at a compounded annual growth rate (CAGR) of 5.5%, surpassing USD 12 billion by 2033. The increased focus on renewable energy sources, coupled with rising governmental regulations on plastics, will likely catalyze innovation in TPS production, especially in regions like Asia-Pacific, where demand for biodegradable plastics is soaring. Moreover, the integration of new technologies, including 3D printing and smart packaging, will further expand the market opportunities for TPS applications in various end-use industries.
Get an In-Depth Research Analysis of the Global Thermoplastic Starch (TPS) Market Size And Forecast [2025-2032]
The Thermoplastic Starch (TPS) market has experienced significant changes from 2018 to 2022, characterized by a growing demand for sustainable and eco-friendly alternatives to conventional plastics. As more industries focus on reducing their carbon footprint and embracing biodegradable materials, TPS has emerged as a promising solution. This shift has been driven by the increasing pressure to adopt green technologies across various sectors such as packaging, automotive, and consumer goods. However, market trends indicate that the growth of the TPS market from 2023 to 2033 will differ significantly due to evolving regulations, technological advancements, and changes in consumer behavior.
Novamont S.p.A.
Rodenburg Biopolymers
Roquette
AVEBE
Biop
Biotech
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Thermoplastic Starch (TPS) Market
Application I
Application II
Application III
Based on Types the Market is categorized into Below types that held the largest Thermoplastic Starch (TPS) market share In 2023.
Food Grade
Industrial Grade
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Thermoplastic Starch (TPS) Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Thermoplastic Starch (TPS) Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Thermoplastic Starch (TPS) Market, By Type
6. Global Thermoplastic Starch (TPS) Market, By Application
7. Global Thermoplastic Starch (TPS) Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Thermoplastic Starch (TPS) Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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