Press release
The Thermoplastic Starch (TPS) Market: Growth Driven by Sustainability Trends and Regulatory Pressures
Thermoplastic Starch Market
TPS offers a renewable alternative to traditional plastics, helping address growing concerns over plastic waste and aligning with the shift towards sustainability. Regulatory pressures, such as the European Union's Single-Use Plastics Directive, are accelerating the adoption of TPS in various applications, especially in the packaging industry. Companies across sectors like food and beverage, as well as consumer goods, are investing in TPS-based packaging to meet regulatory requirements and cater to the growing consumer preference for environmentally friendly products.
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Drivers of Market Growth
Government regulations and sustainability initiatives are central to the growth of the TPS market. Stricter environmental policies and the push towards reducing plastic usage are encouraging businesses to explore renewable alternatives like TPS. These regulations are incentivizing companies to adopt eco-friendly materials, enhancing their brand image while complying with legal standards.
Additionally, the increasing emphasis on corporate social responsibility (CSR) is prompting companies to prioritize sustainability in their operations. Under regulations like the Corporate Sustainability Reporting Directive (CSRD), companies are now required to report their environmental practices, further driving the adoption of sustainable materials such as TPS.
Market Challenges
Despite the growing demand, the TPS market faces challenges. One major obstacle is the material's weaker mechanical properties, which include lower strength, flexibility, and durability compared to synthetic plastics. TPS is often too brittle for high-performance applications such as industrial packaging or automotive parts, where robust materials are essential.
Furthermore, TPS is sensitive to moisture, which can cause it to swell, degrade, and lose its mechanical strength in humid conditions. This limitation makes TPS less reliable for long-term use in outdoor or weather-exposed applications, restricting its utility in industries that require durable and moisture-resistant materials.
Market Segmentation Insights
The TPS market is categorized into several applications, including bags, films, 3D printing, and others. In 2024, bags are expected to be the dominant application, driven by the increasing demand for biodegradable and eco-friendly packaging, especially in the retail and consumer goods sectors. TPS-based bags offer a sustainable alternative to plastic bags, helping reduce the environmental impact.
The 3D printing segment, however, is the fastest-growing application in the TPS market. The rise in popularity of 3D printing technology, combined with the demand for sustainable materials, is propelling the use of TPS-based filaments. These filaments are not only cost-effective but also offer an environmentally friendly option for 3D printing applications.
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Thermoplastic Starch Market Top Companies and Competitive Landscape
The Thermoplastic Starch (TPS) industry is rapidly growing as businesses seek sustainable alternatives to traditional plastics. TPS, derived from renewable starch sources, offers an eco-friendly option with a wide range of applications in packaging, automotive, and consumer goods.
Leading companies such as AGRANA Beteiligungs AG, Biome Bioplastics Limited, BIOTEC Biologische Naturverpackungen GmbH & Co. KG, Cardia Bioplastics Limited, and Novamont S.p.A. are driving innovation in this sector by developing advanced TPS formulations that balance performance with environmental benefits. Despite challenges such as moisture sensitivity and limited mechanical strength, the growing demand for biodegradable and recyclable materials, supported by regulatory shifts and sustainability goals, is fueling the expansion of the TPS market.
In March 2023, Great Wrap launched the world's first compostable pallet wrap made from food waste, which incorporates thermoplastic starch technology. This innovative product aims to provide a sustainable alternative to traditional plastic pallet wraps, addressing the growing demand for eco-friendly packaging solutions in the logistics and shipping industries.
Some of the key companies in the global Thermoplastic Starch Market include:
AGRANA Beteiligungs AG
Biome Bioplastics Limited
BIOTEC Biologische Naturverpackungen GmbH & Co. KG
Cardia Bioplastics Limited
Novamont S.p.A.
Kuraray Co., Ltd. (Plantic Technologies)
Rodenburg Biopolymers B.V.
Wittenburg Group B.V.
Starchtech (India) Pvt. Ltd.
FKuR Kunststoff GmbH
Thermoplastic Starch Market Latest Industry Updates
In March 2023, Kuraray Co. Ltd announced enhancements to its Plantic range of thermoplastic starch-based products, which are designed for food packaging applications. This initiative aligns with the increasing consumer demand for sustainable packaging solutions that reduce plastic waste.
In July 2022, Grupa Azoty S.A. launched Poland's first line of biodegradable and compostable polymer granules under the brand name envifill. This product line is based on proprietary thermoplastic starch technology and is designed for various applications, including extrusion blow molding and injection molding.
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Thermoplastic Starch Market Segmentation Analysis
Manufacturing Type Outlook (Revenue, USD Million; 2020-2033)
Extrusion
Injection Molding
Application Outlook (Revenue, USD Million; 2020-2033)
Bags
Films
3D Print
Others
Regional Outlook (Revenue, USD Million; 2020-2033)
North America
United States
Canada
Mexico
Europe
Germany
France
United Kingdom
Italy
Spain
Benelux
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
Latin America
Brazil
Rest of Latin America
Middle East and Africa
Saudi Arabia
UAE
South Africa
Turkey
Rest of MEA
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Look Over transcripts provided by Emergen Research
Thermoplastic Starch Market Size@ https://www.emergenresearch.com/industry-report/thermoplastic-starch-market/market-size
Thermoplastic Starch Market Share@ https://www.emergenresearch.com/industry-report/thermoplastic-starch-market/market-share
Thermoplastic Starch Market Trends@ https://www.emergenresearch.com/industry-report/thermoplastic-starch-market/market-trends
Thermoplastic Starch Regional Market Demand@ https://www.emergenresearch.com/industry-report/thermoplastic-starch-market/regional-market-demand
Thermoplastic Starch Market Analysis@ https://www.emergenresearch.com/industry-report/thermoplastic-starch-market/market-analysis
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Emergen Research
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