Thermoplastic Starch (TPS) Market

By Manufacturing Type;

Extrusion Molding and Injection Molding

By Product Form;

Granules and Films

By Application;

Bags, Films, 3D Print, and Others

By End-User Industry;

Packaging Industry and Automotive Industry

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn211982955 Published Date: September, 2025 Updated Date: November, 2025

Thermoplastic Starch (TPS) Market Overview

Thermoplastic Starch (TPS) Market (USD Million)

Thermoplastic Starch (TPS) Market was valued at USD 248.99 million in the year 2024. The size of this market is expected to increase to USD 415.79 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 7.7%.


Thermoplastic Starch (TPS) Market

*Market size in USD million

CAGR 7.7 %


Study Period2025 - 2031
Base Year2024
CAGR (%)7.7 %
Market Size (2024)USD 248.99 Million
Market Size (2031)USD 415.79 Million
Market ConcentrationMedium
Report Pages357
248.99
2024
415.79
2031

Major Players

  • Agrana Beteiligungs AG
  • Biome Bioplastics Limited
  • BIOTEC
  • Cardia Bioplastics
  • Kuraray Co. Ltd
  • Novamont SpA
  • Rodenburg Biopolymers
  • Wittenburg Group

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Thermoplastic Starch (TPS) Market

Fragmented - Highly competitive market without dominant players


The Thermoplastic Starch (TPS) Market is rapidly evolving as industries increasingly adopt sustainable and biodegradable alternatives. Nearly 45% of current demand comes from the packaging industry, where the shift away from petroleum-based plastics is driving TPS usage. Its renewable nature and cost-effectiveness make it a highly viable substitute for conventional plastics.

Eco-Friendly Edge
With nearly 50% of applications focused on biodegradability and compostability, TPS stands out as one of the most eco-conscious solutions. Its ability to support waste reduction and compliance with global sustainability standards positions it as a preferred material for businesses aiming to strengthen their green credentials.

Diverse Applications
TPS is widely used in single-use products such as cutlery, packaging films, and carry bags, contributing to nearly 40% of its demand. Its capacity to deliver reliable performance while minimizing plastic waste has made it a strategic choice for industries tackling environmental challenges.

Cost and Performance Benefits
By combining mechanical flexibility, durability, and affordability, TPS offers manufacturers a balance between sustainability and cost-efficiency. Around 35% of advancements focus on improving water resistance and strength, enabling wider adoption across industrial processes while maintaining economic competitiveness.

<
  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Manufacturing Type
    2. Market Snapshot, By Product Form
    3. Market Snapshot, By Application
    4. Market Snapshot, By End-User Industry
    5. Market Snapshot, By Region
  4. Thermoplastic Starch (TPS) Market Forces
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Growing demand for biodegradable and eco-friendly materials
        2. Increasing adoption in packaging and agricultural sectors
        3. Rising consumer preference for sustainable products
      2. Restraints
        1. Limited mechanical strength compared to synthetic polymers
        2. High production costs
        3. Sensitivity to moisture and environmental conditions
      3. Opportunities
        1. Expansion in bioplastics and green packaging applications
        2. Technological advancements in starch modification
        3. Increasing demand in the automotive and textiles industries
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Thermoplastic Starch (TPS) Market, By Manufacturing Type, 2021 - 2031 (USD Million)
      1. Extrusion Molding
      2. Injection Molding
    2. Thermoplastic Starch (TPS) Market, By Product Form, 2021 - 2031 (USD Million)

      1. Granules

      2. Films

    3. Thermoplastic Starch (TPS) Market, By Application, 2021 - 2031 (USD Million)
      1. Bags
      2. Films
      3. 3D Print
      4. Others
    4. Thermoplastic Starch (TPS) Market, By End-User Industry, 2021 - 2031 (USD Million)

      1. Packaging Industry

      2. Automotive Industry

    5. Thermoplastic Starch (TPS) Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Novamont S.p.A.
      2. Biotec (Biologische Naturverpackungen GmbH & Co.)
      3. Rodenburg Biopolymers BV
      4. AGRANA Beteiligungs AG
      5. Cargill, Inc.
      6. NatureWorks LLC
      7. BASF SE
      8. Evonik Industries
      9. Avebe
      10. Plantic Technologies
      11. FKuR Kunststoff GmbH
      12. Biome Bioplastics Limited
      13. Galactic
      14. Arkema S.A.
      15. Roquette Frères
  7. Analyst Views
  8. Future Outlook of the Market