The thermoplastic starch market is expected to register a CAGR of over 7% during the forecast period.
COVID-19 harmed the market in 2020. Given the pandemic scenario, manufacturing activities were temporarily halted during the lockdown, reducing the usage of thermoplastic starch as a component and thereby impacting the market. But with the ease of the restrictions, the market started to gather pace over time.
The thermoplastic starch (TPS) market is consolidated, with a few major players dominating a significant portion. Some major companies are (not in any particular order) Novamont S.p.A, Biotec Biologische Naturverpackungen GmbH & Co. KG, Kuraray Co. Ltd. (Plantic), Biome Bioplastics, and AGRANA Beteiligungs-AG.
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