The Thermoplastic Starch (TPS) industry is witnessing a robust upswing driven by the escalating demand for sustainable and biodegradable alternatives in packaging, agriculture, and textile sectors. The growing focus on reducing plastic pollution is accelerating the adoption of TPS materials globally, setting a positive trajectory for the industry’s growth.
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.
Thermoplastic Starch Market growth is propelled by rising environmental regulations and increased consumer awareness around eco-friendly materials, coupled with advancements in TPS formulations enhancing product performance and cost-effectiveness.
Market Segments
The Thermoplastic Starch (TPS) market can be categorized primarily into the following segments:
- By Type: Native TPS, Modified TPS
- Dominant Sub-segment: Modified TPS leads the market due to its improved thermal stability and mechanical properties, demonstrated by the increased adoption by packaging companies in Europe in 2024.
- By Application: Packaging, Agriculture, Textiles, Others
- Fastest-growing Sub-segment: Packaging witnessed rapid growth, accounting for significant market revenue in 2025, driven by sustainable packaging mandates in North America and Asia-Pacific.
- By End-user Industry: Food & Beverage, Healthcare, Automotive
- Dominant Sub-segment: Food & Beverage remains dominant, with innovative biodegradable food containers launched by key market companies in 2024.
Market Drivers
A crucial driver underpinning the Thermoplastic Starch (TPS) market growth is the stringent governmental policies on single-use plastics, particularly in developed economies. For instance, in 2024, the EU’s increased regulatory framework on plastic waste enforced greater usage of biodegradable materials, sharply increasing TPS adoption. Additionally, product-level innovations such as improved starch blending technologies have enhanced the material’s market scope by addressing previous performance limitations, boosting industry size and market revenue in 2025.
Segment Analysis
Focusing on the application segment, packaging dominates the Thermoplastic Starch (TPS) market, with market revenue surpassing USD 85 million in 2024 due to rising demand for sustainable packaging solutions in food and retail sectors. The fastest-growing application is in agriculture—TPS-based mulch films and seed coatings achieved a remarkable CAGR of over 9% from 2024 to 2025, supported by environmental benefits and government subsidies promoting sustainable farming practices.
Consumer Behaviour Insights
Consumer insights reveal a strong shift towards sustainability-driven purchasing decisions, with over 65% of consumers surveyed in 2025 preferring products with biodegradable packaging. Additionally, digital consumption habits are influencing this market, where transparency regarding product origins and eco-certifications is highly sought after via online platforms. Finally, customization trends are gaining momentum; companies offering TPS products tailored to specific end-use requirements reported increased contract acquisitions in 2024, reflecting a willingness among buyers to pay a premium for specialized sustainable materials.
Key Players
The Thermoplastic Starch (TPS) market features prominent market players such as AGRANA Beteiligungs AG, Biome Bioplastics Limited, BIOTEC, Cardia Bioplastics, Novamont SpA, Kuraray Co. Ltd (Plantic), Rodenburg Biopolymers, and Wittenburg Group. In 2024 and 2025, these companies accelerated growth through strategic partnerships, capacity expansions, and introducing enhanced TPS blends suitable for medical and food packaging sectors. Notably, Novamont SpA’s capacity expansion in 2025 increased market revenue by 12% in Europe alone.
Key Winning Strategies Adopted by Key Players
One impactful strategy was implemented by Biome Bioplastics Limited in 2024, focusing on integrating AI-driven quality control systems in production lines, reducing waste by 15%, and improving product consistency—directly enhancing business growth. AGRANA Beteiligungs AG introduced a co-development model with local farmers in 2025, securing a sustainable starch supply chain while reducing raw material costs by 8%. Moreover, Kuraray Co. Ltd’s 2025 investment in R&D led to innovative TPS composites with enhanced tensile strength, opening new market opportunities in automotive applications.
FAQs on Thermoplastic Starch (TPS) Market
Q1: Who are the dominant players in the Thermoplastic Starch (TPS) market?
Dominant players include AGRANA Beteiligungs AG, Biome Bioplastics Limited, BIOTEC, Cardia Bioplastics, Novamont SpA, Kuraray Co. Ltd (Plantic), Rodenburg Biopolymers, and Wittenburg Group, who have driven market trends through capacity expansion, innovative product launches, and strategic partnerships during 2024-2025.
Q2: What will be the size of the Thermoplastic Starch (TPS) market in the coming years?
The Thermoplastic Starch (TPS) market size is projected to grow from USD 200.56 million in 2025 to approximately USD 397.02 million by 2032, at a CAGR of 7.8%, driven by rising environmental regulations and demand for biodegradable products.
Q3: Which end-users industry has the largest growth opportunity?
The packaging segment, particularly within the food & beverage industry, holds the largest growth opportunity due to sustained regulatory support and increasing consumer demand for sustainable packaging solutions in 2024-2025.
Q4: How will market development trends evolve over the next five years?
Market trends will evolve with an increased focus on product customization, AI-enhanced manufacturing, and integration of bio-composites, expanding TPS applications into agriculture and automotive sectors while responding to stricter environmental policies.
Q5: What is the nature of the competitive landscape and challenges in the Thermoplastic Starch (TPS) market?
The competitive landscape is shaped by innovation-led differentiation, capacity expansions, and strategic collaborations. Market challenges include optimizing product performance to match traditional plastics and raw material supply fluctuations.
Q6: What go-to-market strategies are commonly adopted in the Thermoplastic Starch (TPS) market?
Key market companies emphasize co-development models with raw material suppliers, leveraging AI for manufacturing efficiency, and expanding product portfolios to include composites, thereby unlocking new market opportunities and enhancing market revenue.
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About Author:
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163)
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