The Thermoplastic Starch (TPS) Market delves into various aspects, enabling readers to gain a deep understanding of the market dynamics, trends, and potential opportunities.
Report Ocean has recently released a survey report focusing on the “Thermoplastic Starch (TPS) Market”. This research provides essential insights into growth strategies, business opportunities, emerging trends, innovations, and the competitive landscape in 2022. The report also includes a geographical outlook, encompassing North America, Europe, the Asia-Pacific region, Latin America, the Middle East, and Africa.
The global Thermoplastic Starch (TPS) Market is valued at approximately USD $$ billion in 2021 and is anticipated to grow with a healthy growth rate of more than $% over the forecast period 2022-2030.
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Thermoplastic Starch (TPS) are manufactured through injection and extrusion molding process. It is biodegradable and renewable. It is majorly used across packaging applications such as films and bags. These are recyclable, biodegradable, sustainable and available at low cost. Moreover, Applications for thermoplastic starch polymers includes mulch film, overwrap, and shopping bag films. Moreover, it works well for packaging coatings, silverware, and other items. The Thermoplastic Starch (TPS) market is expanding because of factors such as the rising demand from the packaging industries and supportive government policies.
According to the Packaging Industry Association of India (PIAI), the packaging sector is rising with the growing rate of around 22-25%. Also, according to the Statista in 2020, the food packaging market attain revenue of around USD 305 billion which is projected to grow in the coming years. Whereas rising demand for lightweight packaging material and technological advancement & innovations create lucrative opportunities for the market. However, multiple technological constraints hamper the market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Thermoplastic Starch (TPS) Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. Asia Pacific dominated the market in terms of revenue, owing to the increasing demand from the packaging industry, and rising consumption of packaged food. Whereas the Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as increasing penetration of market players, rising growth activities by market players in the forecast period.
Major market players included in this report are:
AGRANA Beteiligungs AG
Biome Bioplastics Limited
BIOTEC
Cardia Bioplastics
Novamont SpA
Kuraray Co. Ltd (Plantic)
Rodenburg Biopolymers
Wittenburg Group
Sunar Group of Companies
Thai Wah Public Company Limited
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The objective of the study is to define the market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within the countries involved in the study.
The report also caters to detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with a detailed analysis of the competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below.
By Manufacturing Type:
Extrusion Molding
Injection Molding
By Application:
Bags,
Films,
3D Print,
Other Applications
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
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The following are significant aspects of the industry that may be relevant:
Market Size and Growth: The size of the market and its projected growth rate are essential factors that can provide valuable insights into the industry’s potential.
Competition: The level of competition in the market is a significant factor that can impact the pricing and profitability of companies operating in the industry.
Technology: Technology plays a critical role in the industry as search algorithms and consumer behavior continue to evolve rapidly.
Consumer Behavior: Understanding consumer behavior, such as search habits and preferences, can help companies optimize their marketing strategies and drive sales.
Regulatory Environment: The industry is subject to various regulatory requirements, including data protection and privacy laws, which can impact the way companies operate in the market.
Economic Factors: Economic factors, such as GDP, inflation, and consumer spending, can affect the growth and profitability of the industry.
Emerging Trends: Staying updated with emerging trends, such as voice search and artificial intelligence, can help companies stay ahead of the curve in the industry.
This report covers several key questions related to the Thermoplastic Starch (TPS) market, including:
- What can be expected for the Thermoplastic Starch (TPS) market in the next decade?
- What are the primary drivers of growth in the Thermoplastic Starch (TPS) market?
- Which technologies are likely to experience the most rapid growth, both by market and region?
- How do opportunities within the Thermoplastic Starch (TPS) market vary based on the size of the end market?
- What is the breakdown of Thermoplastic Starch (TPS) by type and application?
- How have recent events such as the COVID-19 pandemic and the Russia-Ukraine conflict impacted the Thermoplastic Starch (TPS) market?
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