The thermoplastic starch (TPS) industry is witnessing significant momentum as sustainable alternatives gain priority in multiple applications. Driven by increasing environmental regulations and the push towards biodegradable materials, the TPS market is poised for substantial expansion. The evolving market dynamics reflect a growing interest in innovative formulations and diverse end-use applications.
Market Size and Overview
The global Thermoplastic Starch (TPS) Market size is estimated to be valued at USD 200.56 million in 2025 and is expected to reach USD 397.02 million by 2032, exhibiting a compound annual growth rate (CAGR) of 7.8% from 2025 to 2032.
This Thermoplastic Starch (TPS) Market Growth is attributed to heightened demand for eco-friendly materials across packaging, agriculture, and automotive sectors. The increasing integration of biopolymers to replace fossil-based plastics is shaping the global market forecast, with rising market revenue signaling promising business growth prospects. Continuous advancements in TPS production and performance enhancements are further driving favorable market conditions.
Market Segments
The Thermoplastic Starch (TPS) market analysis reveals three core segment categories:
1. Product Type: Native starch-based TPS, modified starch-based TPS, and blended starch-based TPS. Among these, blended starch-based TPS is the dominant segment due to enhanced mechanical properties, contributing to 45% of the market revenue in 2024. Modified starch-based TPS is recognized as the fastest-growing sub-segment, especially for applications requiring improved heat resistance, as evidenced by recent commercial product launches.
2. End-User Industry: Packaging, agriculture, automotive, and consumer goods. The packaging sector holds dominance, accounting for over 50% of the Thermoplastic Starch (TPS) Market Growth revenue in 2024, driven by strict regulations about single-use plastics in Europe and North America. The agricultural films segment is the fastest-growing owing to rising adoption of biodegradable mulch films with TPS formulations.
3. Application: Films, injection molding, extrusion, and others. Films continue to dominate due to their widespread usage in flexible packaging, while injection molding applications are registering rapid growth propelled by demand for biodegradable cutlery and trays.
Market Drivers
One prominent market driver is the increased regulatory pressure on plastic usage and the growing demand for sustainable packaging solutions. In 2024, over 60 countries enacted stricter policies restricting non-biodegradable plastic production, encouraging the adoption of TPS-based materials. Bioplastic product launches have increased by 18% year-over-year, reflecting enhanced market opportunities. Furthermore, consumer awareness about environmental impact has accelerated the market growth for TPS, as businesses align their product portfolios with sustainability trends.
Segment Analysis
Focusing on the product type segment, blended starch-based TPS remains the revenue leader with a share capturing nearly half of the Thermoplastic Starch (TPS) market revenue in 2024. This sub-segment benefits from its compatibility with other biopolymers like PLA (polylactic acid), improving durability and flexibility. A case study from 2025 demonstrates that a leading packaging company improved product lifespan by 30% after integrating blended TPS films, driving significant cost savings. Concurrently, modified starch-based TPS registers the fastest growth, gaining traction due to enhanced functional properties required in automotive and specialized packaging sectors.
Consumer Behaviour Insights
End users and buyers have exhibited several behavioral shifts impacting Thermoplastic Starch (TPS) market trends in 2024-2025. Firstly, there is heightened digital consumption of product transparency data, with 72% of consumers preferring brands that openly share biodegradability and sourcing information. Secondly, customization trends have surged, with manufacturers offering TPS formulations tailored to specific mechanical or environmental requirements. Lastly, sustainability preferences now heavily influence purchasing decisions; surveys indicate 65% of industrial buyers prioritize eco-friendly credentials over cost factors, delineating shifting market dynamics.
Key Players
Key players driving innovation and capacity expansions in the Thermoplastic Starch (TPS) market include AGRANA Beteiligungs AG, Biome Bioplastics Limited, Novamont SpA, Roquette Frères, Cargill Incorporated, Ingredion Incorporated, Songwon Industrial Co., Ltd., Archer Daniels Midland Company, BASF SE, Mitsubishi Chemical Corporation, and others. During 2024-2025, AGRANA expanded its production capacity by 25%, enhancing market penetration in Europe and Asia, while Biome Bioplastics launched a next-generation compostable TPS composite that gained rapid adoption in flexible packaging. These strategic initiatives have collectively spurred substantial market revenue growth.
Key Winning Strategies Adopted by Key Players
One impactful strategy was the collaborative innovation between AGRANA and a global packaging company in 2025 to develop high-barrier TPS films, significantly extending shelf life, reducing plastic use by 40%, and boosting sales within sustainable product lines. Additionally, Biome Bioplastics pursued geographical market diversification by entering the North American market in 2024, securing contracts with key food packaging companies and increasing its revenue by 15% within a year. A third noteworthy approach was the adoption of circular economy principles, with some players investing in TPS recycling infrastructure, creating closed-loop systems that address market challenges linked to biodegradability standards and waste management.
FAQs
1. Who are the dominant players in the Thermoplastic Starch (TPS) market?
Prominent market players include AGRANA Beteiligungs AG, Biome Bioplastics Limited, Novamont SpA, and Roquette Frères, which lead in innovation, capacity expansions, and strategic partnerships in 2024–2025.
2. What will be the size of the Thermoplastic Starch (TPS) market in the coming years?
The Thermoplastic Starch (TPS) market size is expected to nearly double from USD 200.56 million in 2025 to approximately USD 397.02 million by 2032, growing at a CAGR of 7.8%.
3. Which end-user industry has the largest growth opportunity?
The packaging sector, especially flexible and sustainable packaging solutions, holds the largest growth opportunity due to strict regulatory mandates and rising consumer demand for biodegradable materials.
4. How will market development trends evolve over the next five years?
Market trends point toward increased use of blended and modified starch-based TPS, growth in agricultural applications, and the integration of circular economy principles to boost product lifecycle sustainability.
5. What is the nature of the competitive landscape and challenges in the Thermoplastic Starch (TPS) market?
The competitive landscape is marked by rapid technological advancements and capacity augmentation. Challenges include meeting performance standards comparable to conventional plastics and scaling efficient biodegradability tailored to regional regulations.
6. What go-to-market strategies are commonly adopted in the Thermoplastic Starch (TPS) market?
Key strategies include product innovation for enhanced durability, regional market expansion, strategic collaborations with packaging firms, and investments in recycling and circular economy initiatives to address market restraints and foster business growth.
Get This Report In Japanese Language: 熱可塑性デンプン（TPS）市場
Get This Report In Korean Language: 열가소성 전분 (TPS) 시장
Get more insights on : Thermoplastic Starch (TPS) Market
About Author:
Vaagisha brings over three years of expertise as a content editor in the market research domain. Originally a creative writer, she discovered her passion for editing, combining her flair for writing with a meticulous eye for detail. Her ability to craft and refine compelling content makes her an invaluable asset in delivering polished and engaging write-ups.
(LinkedIn: https://www.linkedin.com/in/vaagisha-singh-8080b91)
Comments
0 comment