Thermoplastic Starch (TPS) Market size was valued at USD 1.2 Billion in 2024 and is forecasted to grow at a CAGR of 8.9% from 2026 to 2033, reaching USD 2.5 Billion by 2033.
The global Thermoplastic Starch (TPS) market was valued at approximately USD 470 million in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 7.8% during the forecast period. This growth is driven by increasing demand for biodegradable and eco friendly materials, as industries shift towards sustainable practices. Thermoplastic starch, being renewable and compostable, is widely used in packaging, agriculture, and consumer goods sectors. The packaging industry holds a significant share, accounting for nearly 55% of the global market demand, due to growing bans on single use plastics and rising consumer awareness of environmentally friendly alternatives.
Regionally, Europe dominated the market in 2022, with a share of over 35%, owing to stringent regulations on plastic usage and strong government support for biodegradable materials. North America followed closely with a 28% market share, driven by increasing adoption of sustainable products in the United States and Canada. The Asia Pacific region is expected to exhibit the fastest growth, with a projected CAGR of 9.5%, due to rising industrialization and growing awareness of environmental concerns in countries like China and India. Opportunities in the market include innovation in TPS formulations for enhanced durability and the integration of advanced manufacturing technologies to reduce production costs. Emerging economies are also presenting lucrative avenues for growth, as they implement policies encouraging the use of bioplastics.
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Novamont S.p.A.
Rodenburg Biopolymers
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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. 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
Native Starch
Modified Starch
Thermoplastic Starch Blends
Bio-packaging
Food Industry
Consumer Goods
Agricultural Products
Textiles and Nonwovens
Packaging Industry
Automotive Industry
Biomedical Industry
Construction and Building
Electronics
Extrusion
Molding
Film Blowing
Fiber Spinning
Granules
Films
Sheets
Powders
US (United States, US 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
US
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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