1. Market Research
  2. > Chemical
  3. > Specialty Chemical
  4. > Plastic Market Trends
Thermoplastic Starch (TPS) Market - Growth, Trends, and Forecast (2020 - 2025)

Thermoplastic Starch (TPS) Market - Growth, Trends, and Forecast (2020 - 2025)

  • April 2020
  • 111 pages
  • ID: 5891632
  • Format: PDF
  • Mordor Intelligence LLP
Up to $1125 off Until Aug 10th 2020


Table of Contents

Search Inside

The market for global thermoplastic starch is expected to regoster a CAGR of greater than 7% during the forecast period. The primary factors driving the growth of the market studied are favorable government policies promoting bio-plastics and increasing demand from the packaging industries.

- Multiple technological constraints and exploitation of food sources as raw materials are expected to hinder the market growth.
- Currenlty Europe dominates the global thermoplastic starch market. However, over the forecast period, Asia-Pacific is likley to take over as the global leader in the thermoplastic starch market.

Key Market Trends
Bags Application to Drive the Market Growth

- Biodegradable and compostable thermoplastic starch produced from renewable natural raw materials is characteristic of high homogeneity degree, a favorable set of mechanical properties, and products made of it have good dimensional stability in application conditions.
- The environmental issues associated with the disposal of non-biodegradable materials have led to the development of biodegradable materials that exhibit maximum usage in packaging applications on a wide commercial scale.
- Biodegradable and compostable bags are made from plant-based materials, like cornstarch and wheat, as opposed to petroleum. Extrusion is majorly used in the manufacturing of carrier bags, non-fiber bags, waste-bags, vegetable bags, mulch films etc.
- BioBags manufactured by a key player, Novamont, is in particular made from an ingredient called Mater-Bi, which consists of biodegradable, corn starch, and compostable polyester and vegetable oils.
- The others segment is comparatively small and holds some niche applications, such as fibers, pots, clips and guides, and cutlery. However, this segment is estimated to grow substantially in the coming years owing to the advantages of TPS and the increasing R&D by the major players.

Asia-Pacific Region to Dominate the Market in the Coming Years

- China feeds 22% of the world’s population on 7% of the world’s land. The importance of agriculture and food in China is quite self-explanatory. It can be said that almost 70% of the world’s agricultural film production capacity is concentrated in China, and nearly 90% of Asia’s production capacity is in China.
- The packaging industry in China is expected to perform a tremendous growth with a CAGR of nearly 6.8% to reach CNY 2 trillion during the forecast period. Flexible plastic packaging could be witnessing high demand in China, in order to prevent future COVID-19 coronavirus outbreaks.
- The use of agricultural films had risen more than 150-fold from the last two decades. According to the Chinese Academy of Agricultural Sciences, the use of agricultural films is expected to cover over 22 million hectares by the end of the forecast period.
- The food processing industry in India is rapidly increasing with upcoming investments and governmental support. For instance, in November 2017, during the event, World Food India, it was estimated that the country may have a USD 10 billion investment up to the year 2020, along with a USD 33 billion investment, by 2024.
- In the past three decades, advancements in agricultural science and technology have led to great changes in agricultural production in India. Plastic mulch film has become an important agricultural material.
- Also, India is preparing for a complete phase-out of single-use plastic items by 2022, which is going to present many structural changes to the packaging and agricultural films market. This scenario is likely to propel the demand for TPS bags used for vegetable items, during the forecast period.

Competitive Landscape
The global thermoplastic starch (TPS) market is consolidated in nature with a few major players dominating a significant portion of the market. Some of the major companies are Novamont SpA, BIOTEC, Plantic (Kuraray), Biome Bioplastics Limited, and AGRANA Beteiligungs-AG among others.

Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
15% Off


  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Ahmad helps you find the right report:

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.


Reportlinker.com © Copyright 2020. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on