Thermoplastic Starch (TPS) Market
By Manufacturing Type;
Extrusion Molding and Injection MoldingBy Product Form;
Granules and FilmsBy Application;
Bags, Films, 3D Print, and OthersBy End-User Industry;
Packaging Industry and Automotive IndustryBy Geography;
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)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 Period | 2025 - 2031 | 
|---|---|
| Base Year | 2024 | 
| CAGR (%) | 7.7 % | 
| Market Size (2024) | USD 248.99 Million | 
| Market Size (2031) | USD 415.79 Million | 
| Market Concentration | Medium | 
| Report Pages | 357 | 
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.
Thermoplastic Starch (TPS) Market Key Takeaways
-  The thermoplastic starch (TPS) market is growing due to rising demand for biodegradable materials and eco-friendly packaging. 
-  Strict plastic regulations and global sustainability initiatives are accelerating TPS adoption. 
-  Extrusion molding remains the leading method for producing cost-effective TPS materials. 
-  Increased use of flexible films and compostable packaging is driving market growth. 
-  Challenges such as moisture sensitivity and lower mechanical strength limit wider applications. 
-  The Asia-Pacific region is emerging as a major growth hub for TPS production and use. 
-  Future competitiveness depends on material innovation, feedstock diversification, and strategic partnerships. 
Thermoplastic Starch (TPS) Market Recent Developments
-  In October 2023, Versalis completed the acquisition of Novamont SpA, strategically expanding its bio-based product portfolio. This acquisition reinforces Versalis’ commitment to sustainable materials and circular economy initiatives, strengthening its position as a leader in environmentally responsible chemical innovation. 
-  In March 2023, Great Wrap launched the world’s first compostable pallet wrap made from food waste, setting a new benchmark in sustainable packaging. Following successful trials, the company opened a 10,000 sq. m manufacturing facility in Tullamarine with an advanced cast extruding line, currently operating at 5,000 tons capacity and targeting 20,000 tons by 2025. This expansion underscores Great Wrap’s dedication to eco-friendly innovation and circular manufacturing. 
Thermoplastic Starch (TPS) Market Segment Analysis
In this report, the Thermoplastic Starch (TPS) Market has been segmented by Manufacturing Type, Product Form, Application, End-User Industry, and Geography. This structure enables a clear comparison of drivers such as bio-based material mandates and cost sensitivity, alongside challenges like mechanical performance and moisture sensitivity. It also highlights region-specific regulatory frameworks, partnerships across the bioplastics value chain, and the future outlook for TPS in circular packaging and emerging mobility applications.
Thermoplastic Starch (TPS) Market, Segmentation by Manufacturing Type
The Manufacturing Type segmentation distinguishes how TPS is processed into functional products, shaping cost curves, throughput, and downstream application fit. Extrusion Molding supports continuous production and film/sheet lines, aligning with packaging converters and private-label brands seeking scalable, low-carbon materials. Injection Molding serves complex geometries and durable items, where part consistency, cycle time, and compatibility with bio-fillers drive adoption despite technical barriers such as impact strength and dimensional stability.
Extrusion Molding
Extrusion Molding is central to TPS adoption in films and sheets, enabling converters to fine-tune blends with plasticizers and compatibilizers for improved processability. It supports co-extrusion strategies with barrier layers, which is critical to mitigate moisture sensitivity while meeting brand-owner sustainability targets. Partnerships with resin suppliers and masterbatch providers are common, as converters optimize mechanical properties and line speeds for competitive total cost of ownership.
Injection Molding
Injection Molding addresses complex TPS parts for rigid packaging components and selected automotive interior accessories, where shape fidelity and repeatability are essential. Process integration with bio-fillers (e.g., natural fibers) and compatibilizers helps enhance stiffness-to-weight ratios while maintaining bio-based content claims. Tooling strategies and moisture management are important challenges, prompting investments in drying, conditioning, and post-processing to achieve stable dimensional performance in end-use conditions.
Thermoplastic Starch (TPS) Market, Segmentation by Product Form
The Product Form view focuses on how TPS is supplied and converted across value chains. Granules serve as a standardized input for injection molding and film extrusion, enabling blending with PLA or PBAT to achieve specific performance targets. Films are favored for packaging lines that prioritize material efficiency and compostable formats, driving collaboration among resin producers, converters, and brand owners to balance barrier needs, softness, and sealability.
Granules
Granules offer flexibility for processors who require consistent melt flow, enabling tailored formulations that optimize strength, impact, and process stability. They facilitate rapid switching on existing equipment, supporting co-polymer blends and additive packages. Supply agreements and technical partnerships with compounding specialists are common, ensuring quality control and documentation for certifications related to compostability and food-contact compliance.
Films
Films deliver ready-to-convert TPS for packaging operations, aligning with mono-material and multi-layer structures where sealability and printability are crucial. Film suppliers collaborate with ink, coating, and adhesive vendors to maintain line efficiency and shelf-life expectations while meeting sustainability claims. Addressing barrier and humidity considerations remains a core innovation area, with multilayer design and surface treatments improving performance in distribution and retail environments.
Thermoplastic Starch (TPS) Market, Segmentation by Application
The Application segmentation reflects the demand pull from end uses where TPS’s bio-based profile and cost advantages resonate. Bags and Films leverage TPS for compostable and lightweight solutions aligned to retailer and municipal regulations. 3D Print taps TPS blends for prototyping where biodegradability and ease of printing are valued, while Others aggregates niche uses exploring material substitution and circularity, often through pilot partnerships and targeted approvals.
Bags
Bags—including retail carriers, trash liners, and produce sacks—benefit from TPS’s bio-based origin and compostable positioning that addresses single-use plastics concerns. Converters prioritize draw-down ratios and seal integrity, while municipalities and retailers emphasize responsible end-of-life pathways. Supplier agreements often include performance guarantees and education initiatives to align consumer adoption with sorting and collection programs.
Films
Films enable wraps and primary packaging that emphasize light-weighting, print quality, and pack-line efficiency. Brand owners co-develop film specs to balance barrier with compostability claims, using multilayer stacks or coatings to extend product protection. Continuous testing under varying humidity and temperature helps assure quality across distribution, while partnerships with certification bodies support credible sustainability communication.
3D Print
3D Print applications use TPS-containing filaments for accessible prototyping and educational use, where printability and reduced environmental impact are appreciated. Material developers focus on rheology control, dimensional stability, and surface finish, often blending TPS with other polymers for balanced performance. Collaboration with printer OEMs and material marketplaces supports profile optimization and consistent end-use properties.
Others
Others captures exploratory and specialty applications where TPS can meet cost and sustainability targets, from disposable items to agriculture and household products. These niches rely on iterative testing, pilot production, and end-user feedback to validate performance and durability. Supply chain partners work on standards and labeling clarity to ensure credible positioning versus incumbent petro-based materials.
Thermoplastic Starch (TPS) Market, Segmentation by End-User Industry
The End-User Industry lens clarifies where TPS creates value in downstream operations. The Packaging Industry leads adoption through film and bag formats integrating TPS for compostable and bio-based claims aligned with retailer commitments. The Automotive Industry explores TPS in selected non-structural components and accessories, with attention to aesthetics, odor, and long-term stability, typically via blends and additives that enhance mechanical properties.
Packaging Industry
Packaging Industry participants deploy TPS to achieve regulatory and brand sustainability goals while managing cost-to-performance trade-offs. Collaboration with converters ensures pack-line compatibility, while lifecycle assessments and certifications underpin marketing claims. Ongoing innovation targets barrier improvements and printable surfaces that maintain shelf appeal without compromising compostability profiles.
Automotive Industry
Automotive Industry adoption centers on interior trims, inserts, and accessories where TPS blends can reduce fossil content and support corporate sustainability objectives. Partnerships with Tier-1s and compounders focus on impact resistance, heat aging, and emissions (VOC/odor) to meet cabin quality standards. Pilot programs and specification trials guide the future outlook for broader use as formulations mature.
Thermoplastic Starch (TPS) Market, Segmentation by Geography
In this report, the Thermoplastic Starch (TPS) Market has been segmented by Geography into five regions: North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Regions and Countries Analyzed in this Report
North America
North America demonstrates structured TPS demand through retail and municipal regulations encouraging compostable alternatives, particularly for bags and films. Converter networks partner with certification bodies to validate compostability and food-contact compliance, while retailers seek consistent supply and print quality. Continued innovation in barrier coatings and multilayer constructs supports shelf-life targets across e-commerce and grocery channels.
Europe
Europe benefits from progressive policy frameworks and brand-owner commitments that accelerate TPS use in packaging. Collaboration among resin producers, converters, and NGOs fosters standardization around labeling and end-of-life pathways. The market focuses on circularity, improving moisture resilience and mechanical properties to broaden use cases while maintaining credible sustainability claims.
Asia Pacific
Asia Pacific features expanding TPS capacity and a growing base of packaging converters serving domestic and export markets. Urbanization and retail modernization drive demand for lightweight, compostable formats, while governments explore measures to curb single-use plastics. Partnerships with local brand owners and logistics providers help align cost, printability, and pack-line performance with rapidly evolving consumer preferences.
Middle East & Africa
Middle East & Africa is an emerging TPS opportunity where policy pilots and retailer initiatives test compostable bag and film formats. Import-led supply models and distributor relationships shape availability, while education on waste management and certification standards supports informed adoption. Growth will track investments in packaging conversion infrastructure and clarity on end-of-life frameworks.
Latin America
Latin America sees increasing interest in bio-based materials aligned with municipal and retailer sustainability agendas. Local converters collaborate with global suppliers to adapt TPS films to climate and logistics conditions, focusing on sealability, tensile properties, and humidity management. Brand partnerships and public awareness campaigns are key to scaling adoption while maintaining affordability.
Thermoplastic Starch (TPS) Market Forces
This report provides an in depth analysis of various factors that impact the dynamics of Thermoplastic Starch (TPS) Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Comprehensive Market Impact Matrix
This matrix outlines how core market forces Drivers, Restraints, and Opportunities affect key business dimensions including Growth, Competition, Customer Behavior, Regulation, and Innovation.
| Market Forces ↓ / Impact Areas → | Market Growth Rate | Competitive Landscape | Customer Behavior | Regulatory Influence | Innovation Potential | 
|---|---|---|---|---|---|
| Drivers | High impact (e.g., tech adoption, rising demand) | Encourages new entrants and fosters expansion | Increases usage and enhances demand elasticity | Often aligns with progressive policy trends | Fuels R&D initiatives and product development | 
| Restraints | Slows growth (e.g., high costs, supply chain issues) | Raises entry barriers and may drive market consolidation | Deters consumption due to friction or low awareness | Introduces compliance hurdles and regulatory risks | Limits innovation appetite and risk tolerance | 
| Opportunities | Unlocks new segments or untapped geographies | Creates white space for innovation and M&A | Opens new use cases and shifts consumer preferences | Policy shifts may offer strategic advantages | Sparks disruptive innovation and strategic alliances | 
Drivers, Restraints and Opportunity Analysis
Drivers:
- Growing demand for biodegradable and eco-friendly materials
- Increasing adoption in packaging and agricultural sectors
-  Rising consumer preference for sustainable products - The rising consumer preference for sustainable products is one of the key drivers fueling the growth of the global thermoplastic starch (TPS) market. As consumers become more aware of the environmental impact of their purchasing decisions, there is a noticeable shift towards products that are biodegradable, recyclable, and made from renewable resources. TPS, being a biodegradable and eco-friendly alternative to traditional plastics, aligns perfectly with these growing consumer demands. This shift towards sustainability is prompting manufacturers to explore more sustainable materials, with TPS gaining popularity as an attractive option in sectors like packaging, food, and agriculture. In particular, the demand for sustainable packaging solutions is driving the adoption of TPS in the packaging industry. Consumers are increasingly avoiding plastic packaging due to its long environmental lifespan, and as a result, companies are seeking alternative materials that have a lower environmental impact. TPS provides an excellent solution because it is derived from natural, renewable resources like starch and can be composted or degraded in a relatively short time. As a result, businesses that focus on sustainability are increasingly turning to TPS as a key material in their product lines to meet consumer expectations for environmentally friendly solutions. This growing consumer preference for sustainability is not limited to the packaging sector. Industries such as textiles, agriculture, and even automotive are exploring TPS applications to reduce their environmental footprint. The versatility and renewability of TPS make it an attractive material for products ranging from biodegradable mulch films in agriculture to sustainable components in the automotive industry. As consumer awareness of sustainability issues continues to rise, the demand for TPS is expected to grow, offering a promising opportunity for industries to align with eco-conscious trends and regulations. 
Restraints:
- Limited mechanical strength compared to synthetic polymers
- High production costs
-  Sensitivity to moisture and environmental conditions - One of the key challenges associated with thermoplastic starch (TPS) is its sensitivity to moisture and environmental conditions. Since TPS is derived from natural starch, it is inherently hydrophilic, meaning it absorbs moisture from the environment. This can significantly impact its mechanical properties, leading to a reduction in strength, flexibility, and overall durability. When exposed to high humidity or wet conditions, TPS can lose its structural integrity, making it less suitable for applications where moisture resistance is critical. This limitation restricts its use in certain environments, particularly in packaging or construction materials where exposure to water is frequent. The sensitivity of TPS to environmental conditions also affects its performance in outdoor applications. As TPS is biodegradable, it may degrade more rapidly when exposed to harsh weather conditions, such as rain or extreme temperatures, which could limit its lifespan. For example, in agricultural applications, biodegradable mulch films made from TPS might break down too quickly under prolonged exposure to moisture or UV radiation, reducing their effectiveness. As a result, industries relying on TPS must carefully manage environmental exposure and design products with protective coatings or additives to improve their moisture resistance. Despite these challenges, ongoing research is focused on enhancing the performance of TPS through various modification techniques. One such approach is the incorporation of plasticizers, crosslinkers, or other additives that can improve the material's water resistance and environmental stability. These innovations aim to expand the range of TPS applications, making it more adaptable to diverse conditions. As these technological advancements continue, it is likely that the sensitivity of TPS to moisture and environmental factors will decrease, enabling broader adoption in industries requiring higher durability and performance. 
Opportunities:
- Expansion in bioplastics and green packaging applications
- Technological advancements in starch modification
-  Increasing demand in the automotive and textiles industries - The increasing demand for thermoplastic starch (TPS) in the automotive and textiles industries is driven by the growing focus on sustainability and the need for eco-friendly materials. In the automotive sector, there is a strong push toward lightweight and renewable materials to reduce carbon emissions and improve fuel efficiency. TPS, with its biodegradable and renewable properties, is an attractive option for various automotive applications, such as interior components, dashboards, and upholstery. By incorporating TPS into vehicle parts, manufacturers can reduce their reliance on traditional plastics and metals, contributing to a more sustainable and environmentally friendly automotive industry. The textiles industry is experiencing a shift toward sustainable production methods, with an emphasis on reducing the environmental impact of clothing and fabrics. TPS is gaining traction in textiles as a biodegradable alternative to conventional synthetic fibers, offering a more eco-friendly option for fashion and home textiles. It is being used in the production of nonwoven fabrics, coatings, and finishes, where its biodegradability makes it a preferable choice for consumers and manufacturers aiming to reduce waste. As consumer awareness of sustainability in fashion continues to rise, TPS provides a viable solution for companies seeking to meet the demand for environmentally responsible products. Both the automotive and textiles industries are increasingly recognizing the benefits of TPS, not only for its sustainability but also for its performance characteristics, such as flexibility, lightweight nature, and ease of processing. This has led to a growing interest in incorporating TPS into a variety of products, from automotive interior parts to clothing and accessories. As technological advancements continue to improve the material's properties, such as enhancing its durability and moisture resistance, the adoption of TPS in these industries is expected to increase, driving the growth of the global TPS market. 
Thermoplastic Starch (TPS) Market Competitive Landscape Analysis
Thermoplastic Starch (TPS) Market is witnessing intensified competition as producers employ strategies such as collaboration, merger, and partnerships to strengthen sustainable materials portfolios. More than 52% of companies are prioritizing innovation in biodegradable blends, processing efficiency, and performance enhancement, fueling consistent growth and redefining competitiveness in eco-friendly polymer solutions.
Market Structure and Concentration
The market demonstrates a moderately fragmented structure, with nearly 55% of share held by established biopolymer manufacturers. Smaller firms focus on niche technological advancements in specialized TPS applications. Larger corporations emphasize expansion through acquisitions and global strategies, ensuring long-term growth and reinforcing presence in packaging, agriculture, and consumer goods markets.
Brand and Channel Strategies
Around 58% of companies implement diversified channel strategies involving direct supply to industries, distributor networks, and e-commerce platforms. Strong brand positioning is supported by eco-certifications and partnerships with packaging and consumer goods companies. These strategies accelerate growth and improve visibility, reinforcing TPS as a key sustainable alternative to conventional plastics.
Innovation Drivers and Technological Advancements
More than 56% of participants emphasize innovation in moisture resistance, thermal stability, and mechanical strength improvements. Notable technological advancements include hybrid composites, advanced compounding, and nanotechnology integration. Strong collaboration with research institutes and end-user industries drives growth, ensuring TPS materials meet evolving sustainability and performance standards.
Regional Momentum and Expansion
Nearly 47% of revenues originate from developed economies where demand for biodegradable packaging is accelerating. Rapid expansion in emerging markets is driven by regulatory support and rising environmental awareness. Strategic collaboration and regional partnerships foster balanced growth, enhancing competitive presence across diverse geographies and application segments.
Future Outlook
Looking ahead, over 54% of stakeholders anticipate heightened competition supported by strategies focused on innovation and bio-based technological advancements. Continued expansion into packaging, agriculture, and consumer products, reinforced by mergers and partnerships, will define the future outlook. Long-term growth will rely on adaptability, cost efficiency, and sustainability-driven differentiation.
Key players in Thermoplastic Starch (TPS) Market include:
- Novamont S.p.A.
- Biotec (Biologische Naturverpackungen GmbH & Co.)
- Rodenburg Biopolymers BV
- AGRANA Beteiligungs AG
- Cargill, Inc.
- NatureWorks LLC
- BASF SE
- Evonik Industries
- Avebe
- Plantic Technologies
- FKuR Kunststoff GmbH
- Biome Bioplastics Limited
- Galactic
- Arkema S.A.
- Roquette Frères
In this report, the profile of each market player provides following information:
- Market Share Analysis
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction - Research Objectives and Assumptions
- Research Methodology
- Abbreviations
 
- Market Definition & Study Scope
- Executive Summary - Market Snapshot, By Manufacturing Type
- Market Snapshot, By Product Form
- Market Snapshot, By Application
- Market Snapshot, By End-User Industry
- Market Snapshot, By Region
 
- Thermoplastic Starch (TPS) Market Forces - Drivers, Restraints and Opportunities - Drivers - Growing demand for biodegradable and eco-friendly materials
- Increasing adoption in packaging and agricultural sectors
- Rising consumer preference for sustainable products
 
- Restraints - Limited mechanical strength compared to synthetic polymers
- High production costs
- Sensitivity to moisture and environmental conditions
 
- Opportunities - Expansion in bioplastics and green packaging applications
- Technological advancements in starch modification
- Increasing demand in the automotive and textiles industries
 
 
- Drivers 
- PEST Analysis - Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
 
- Porter's Analysis - Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
 
 
- Drivers, Restraints and Opportunities 
- Market Segmentation - Thermoplastic Starch (TPS) Market, By Manufacturing Type, 2021 - 2031 (USD Million) - Extrusion Molding
- Injection Molding
 
-  Thermoplastic Starch (TPS) Market, By Product Form, 2021 - 2031 (USD Million) -  Granules 
-  Films 
 
-  
- Thermoplastic Starch (TPS) Market, By Application, 2021 - 2031 (USD Million) - Bags
- Films
- 3D Print
- Others
 
-  Thermoplastic Starch (TPS) Market, By End-User Industry, 2021 - 2031 (USD Million) -  Packaging Industry 
-  Automotive Industry 
 
-  
- Thermoplastic Starch (TPS) Market, By Geography, 2021 - 2031 (USD Million) - North America - United States
- Canada
 
- Europe - Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
 
- Asia Pacific - Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
 
- Middle East & Africa - GCC
- Israel
- South Africa
- Rest of Middle East & Africa
 
- Latin America - Brazil
- Mexico
- Argentina
- Rest of Latin America
 
 
- North America 
 
- Thermoplastic Starch (TPS) Market, By Manufacturing Type, 2021 - 2031 (USD Million) 
- Competitive Landscape - Company Profiles - Novamont S.p.A.
- Biotec (Biologische Naturverpackungen GmbH & Co.)
- Rodenburg Biopolymers BV
- AGRANA Beteiligungs AG
- Cargill, Inc.
- NatureWorks LLC
- BASF SE
- Evonik Industries
- Avebe
- Plantic Technologies
- FKuR Kunststoff GmbH
- Biome Bioplastics Limited
- Galactic
- Arkema S.A.
- Roquette Frères
 
 
- Company Profiles 
- Analyst Views
- Future Outlook of the Market


 Download Sample
Download Sample Add to Cart
Add to Cart