Thermoplastic Starch (TPS) Market is Anticipated to Witness High Growth Owing to Increasing Demand for Bio-based and Biodegradable Materials
Thermoplastic Starch Thermoplastic Starch (TPS) is a biodegradable polymer made by blending starch with polymers like polyvinyl alcohol, polycaprolactone, and polyvinyl acetate. TPS offers advantages like biodegradability, renewability, and recyclability as compared to fossil fuel based plastics. The increasing environmental concerns regarding non-biodegradable plastics have propelled the demand for sustainable alternatives like TPS. TPS finds wide application in agriculture mulch films, plastic bags and containers,cups and cutlery due to its biodegradability. The Global Thermoplastic Starch (TPS) Market is estimated to be valued at US$ 268.89 Billion in 2024 and is expected to exhibit a CAGR of 9.6% over the forecast period 2024 To 2031. Key Takeaways Key players operating in the Thermoplastic Starch (TPS) are Access Scanning Document Services, LLC, Ripcord, Inc., Armstrong Archives, LLC, Chicago Records Management Inc., Cube Records Management Services, The Scanning...