North America Thermoplastic Starch (TPS) Market by Applications, by Type, by End-User, by Deployment & by Technology 2032
North America Thermoplastic Starch (TPS) Market was valued at USD 150 Million in 2022 and is projected to reach USD 250 Million by 2030, growing at a CAGR of 7.0% from 2024 to 2030.
In the quest for sustainable alternatives to traditional plastics, the North American Thermoplastic Starch (TPS) market has emerged as a pivotal player. TPS, derived from renewable resources like corn and potatoes, offers a biodegradable solution that aligns with the increasing environmental consciousness across industries.
Key Applications of TPS in North America:
- Packaging Industry: With consumers and regulators pushing for eco-friendly packaging, TPS has become a preferred material. Its biodegradability and compatibility with existing manufacturing processes make it ideal for producing films, bags, and containers. Notably, the packaging sector accounted for 35% of the TPS market share in 2023.
- Food and Beverage Sector: The demand for sustainable packaging solutions in this industry has propelled the use of TPS. Its natural composition ensures safety for food contact applications, and its barrier properties help in preserving product quality. This sector held a 30% market share in 2023 and is projected to grow rapidly.
- Agriculture: TPS-based products, such as biodegradable mulch films and plant pots, are gaining traction. These applications aid in reducing plastic waste in farming practices and improve soil health.
- Automotive Industry: As the automotive sector shifts towards sustainability, TPS is being utilized for interior components like door panels and trims. Its lightweight nature contributes to fuel efficiency and reduced emissions.
Industry Requirements Driving TPS Adoption:
- Environmental Regulations: North America has seen a surge in policies aimed at reducing plastic waste. For instance, California's 2024 ban on single-use plastics has compelled businesses to seek biodegradable alternatives like TPS.
- Consumer Demand: There's a growing preference for products with minimal environmental impact. Industries are responding by integrating TPS into their offerings to meet this demand.
- Performance Standards: While TPS offers numerous benefits, industries require materials that meet specific mechanical and thermal properties. Advances in TPS formulations have enhanced its strength and durability, making it suitable for diverse applications.
- Cost Competitiveness: To encourage widespread adoption, TPS must be economically viable. Ongoing research focuses on optimizing production processes to reduce costs and improve scalability.
Despite its advantages, TPS faces challenges such as moisture sensitivity and limited heat resistance. However, continuous innovation and blending with other polymers are addressing these issues, expanding TPS's applicability across sectors.
As industries increasingly prioritize sustainability, the North America Thermoplastic Starch (TPS) Market is poised for significant growth, driven by regulatory support and consumer advocacy for eco-friendly products.
Get an In-Depth Research Analysis of the North America Thermoplastic Starch (TPS) Market Size And Forecast [2025-2032]
Who are the largest North America manufacturers in the Thermoplastic Starch (TPS) industry?
- Novamont S.p.A.
- Rodenburg Biopolymers
- Roquette
- AVEBE
- Biop
- Biotech
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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What are the factors driving the growth of the North America Thermoplastic Starch (TPS) Market?
Growing demand for below applications around the world has had a direct impact on the growth of the North America Thermoplastic Starch (TPS) Market
- Application I
- Application II
- Application III
What are the types of Thermoplastic Starch (TPS) available in the Market?
Based on Types the Market is categorized into Below types that held the largest Thermoplastic Starch (TPS) market share In 2023.
- Food Grade
- Industrial Grade
Which regions are leading the North America Thermoplastic Starch (TPS) Market?
- North America (United States, North America and Mexico)
- Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
- Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
- South America (Brazil, Argentina, Columbia, etc.)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Detailed TOC of North America Thermoplastic Starch (TPS) Market Research Report, 2024-2032
1. Introduction of the North America Thermoplastic Starch (TPS) Market
- Overview of the Market
- Scope of Report
- Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
- Data Mining
- Validation
- Primary Interviews
- List of Data Sources
4. North America Thermoplastic Starch (TPS) Market Outlook
- Overview
- Market Dynamics
- Drivers
- Restraints
- Opportunities
- Porters Five Force Model
- Value Chain Analysis
5. North America Thermoplastic Starch (TPS) Market, By Type
6. North America Thermoplastic Starch (TPS) Market, By Application
7. North America Thermoplastic Starch (TPS) Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the World
8. North America Thermoplastic Starch (TPS) Market Competitive Landscape
- Overview
- Company Market Ranking
- Key Development Strategies
9. Company Profiles
10. Appendix
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