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Biodegradable Films Market

Biodegradable Films Market Size, Share & Trends Analysis Report By Type (PLA, Starch Blends, Biodegradable Polyesters, PHA), Application (Food Packaging, Agriculture & Horticulture, Cosmetic & Personal Care Products Packaging, Industrial Packaging), By Region, And Segment Forecasts, 2023-2031

Report ID : 1618 | Published : 2024-01-30 | Pages: 180 | Format: PDF/EXCEL

The Global Biodegradable Films Market Size is valued at 1091.28 million in 2023 and is predicted to reach 1766.36 million by the year 2031 at a 6.41% CAGR during the forecast period for 2024-2031.

Key Industry Insights & Findings from the Report:

  • Advancements in materials and manufacturing processes have enhanced the performance and feasibility of these films, broadening their market potential.
  • The starch blends category held the highest market share and dominated the type segment.
  • In the end-user segment, the Food & Beverage industry took the lead, accounting for the largest revenue share.
  • North America is expected to experience substantial growth during the forecast period, driven by increasing awareness of environmentally friendly products and solutions.
  • The significant cost associated with installing Biodegradable Films is the primary factor hindering their adoption, particularly in developing nations.

biodegradable

The biodegradable films industry is a rapidly growing market that is expected to continue its growth in the coming years. Biodegradable films are made from biodegradable materials that can be broken down by natural processes, such as composting and do not harm the environment. These films are becoming increasingly popular as a sustainable alternative to traditional plastic films, which are not biodegradable and contribute to environmental pollution.

The key drivers of the biodegradable films market growth include the increasing consumer demand for sustainable packaging solutions, the growing concern about the environmental impact of plastic waste, and the supportive regulatory environment for biodegradable materials. In addition, the development of new and innovative biodegradable materials and technologies is expected further to boost the biodegradable film market demand.

However, biodegradable films are generally more expensive than traditional plastic films due to the higher cost of raw materials and production processes. This can make it difficult for some companies to justify the switch to biodegradable films, particularly in price-sensitive markets.

Recent Developments:

  • In September 2020, For the third consecutive year, AVERY DENNISON CORPORATION Brazil received the Industry Sustainability Award for its label-waste recycling program. This success is anticipated to increase its reputation and sales across the nation and the continent. 

Competitive Landscape:

Some of the biodegradable films market players are:

  • Futamura Chemical Co. Ltd
  • Taghleef Industries
  • Walki Group Oy
  • Kingfa Sci & Tech Co. Ltd
  • BioBag Americas Inc
  • Avery Dennison Corporation
  • Plascon Group
  • Bi-Ax International Inc
  • Cortec Corporation
  • Clondalkin Group
  • TRIOWORLD INDUSTRIER AB
  • Groupe Barbier
  • Paco Label
  • Layfield Group
  • Polystar Plastics Ltd.
  • BASF SE 

Market Segmentation:

The biodegradable film market is segmented based on type and application. Based on application, the biodegradable films market has been segmented as food packaging, agriculture & horticulture, cosmetic & personal care products packaging, industrial packaging and others (composting, service ware, and carrier bags). Based on Type, the biodegradable films market has been segmented into PLA, starch blends, biodegradable polyesters (PCL, PBAT, PBS), PHA and others (regenerated cellulose and cellulose derivatives).

Based On Type, The Starch Blend Segment Is A Major Contributor To The Biodegradable Films Market

Starch blends are one of the major types of biodegradable films, and they are expected to significantly impact the growth and dominance of the biodegradable films market. These blends offer better mechanical properties and performance than pure starch films while maintaining biodegradability. Firstly, starch is a widely available and inexpensive raw material, which makes it an attractive option for biodegradable film manufacturers. Secondly, starch blends can be easily processed using conventional film extrusion and conversion techniques, which makes it easy for manufacturers to incorporate these materials into their existing production processes. Finally, the increasing demand for sustainable packaging solutions drives the growth of biodegradable films. Starch blends are well-positioned to meet this demand due to their cost-effectiveness, ease of processing, and versatility. In conclusion, the dominance of starch blends in the biodegradable films market is anticipated due to their availability, ease of processing, versatility, and increasing demand for sustainable packaging solutions.

The Food Packaging Segment Witnessed Growth At A Rapid Rate

The food packaging segment is projected to grow at a rapid rate. The dominance of food packaging in the biodegradable film market is due to several factors. The food & beverage sector is considered one of the most significant users of plastic packaging, and there is growing concern about the environmental impact of this packaging. Biodegradable films offer a sustainable alternative to traditional plastic packaging and are becoming increasingly popular with consumers concerned about plastic waste's impact on the environment.

The Asia Pacific Biodegradable Films Market Holds A Significant Revenue Share

The Asia Pacific biodegradable films market is expected to record the highest market share in revenue shortly. This can be attributed to the rising demand for eco-friendly packaging solutions driving the biodegradable films market in the Asia Pacific region. Consumers in this region are becoming more environmentally conscious and actively seeking sustainable packaging options. Secondly, the Asia Pacific region has a large and growing population, leading to increased demand for packaged food and beverages. This, in turn, drives the biodegradable films market expansion in the region.

Moreover, many countries in the Asia Pacific region are implementing regulations and policies to reduce plastic waste and promote sustainable packaging. For instance, China has banned the import of plastic waste and is encouraging biodegradable packaging.

Besides, North America is a significant market for biodegradable films. It is expected to grow at a slower rate compared to other regions. The growth in North America is driven by increasing consumer demand for sustainable products and supportive government policies and initiatives. The biodegradable films market position in North America is also driven by the food packaging industry, which is a major consumer of biodegradable films.

Biodegradable Films Market Report Scope:

Report Attribute

Specifications

Market size value in 2023

USD 1091.28 Mn

Revenue forecast in 2031

USD 1766.36 Mn

Growth rate CAGR

CAGR of 6.41% from 2024 to 2031

Quantitative units

Representation of revenue in US$ Billion, Volume (KT), and CAGR from 2024 to 2031

Historic Year

2019 to 2023

Forecast Year

2024-2031

Report coverage

The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends

Segments covered

Type, Application

Regional scope

North America; Europe; Asia Pacific; Latin America; Middle East & Africa

Country scope

U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia

Competitive Landscape

BASF SE, Futamura Chemical Co. Ltd, Taghleef Industries, Walki Group Oy, Kingfa Sci & Tech Co. Ltd, BioBag Americas Inc. Avery Dennison Corporation, Plascon Group, Bi-Ax International Inc, Cortec Corporation, Clondalkin Group, TRIOWORLD INDUSTRIER AB, Groupe Barbier, Paco Label, Layfield Group and Polystar Plastics Ltd.

Customization scope

Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape.

Pricing and available payment methods

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Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. Global Biodegradable Films Market Snapshot

Chapter 4. Global Biodegradable Films Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis

Chapter 5. Market Segmentation 1: by Application Estimates & Trend Analysis
5.1. by Application & Market Share, 2019 & 2031
5.2. Market Size (Value (US$ Mn) & Volume (KT) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Application:

5.2.1. Food Packaging
5.2.2. Agriculture & Horticulture
5.2.3. Cosmetic & Personal Care Products Packaging
5.2.4. Industrial Packaging
5.2.5. Others (Composting, Service Ware, and Carrier Bags)

Chapter 6. Market Segmentation 2: by Type Estimates & Trend Analysis
6.1. by Type & Market Share, 2019 & 2031
6.2. Market Size (Value (US$ Mn) & Volume (KT) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Type:

6.2.1. PLA
6.2.2. Starch Blends
6.2.3. Biodegradable Polyesters

6.2.3.1. PCL
6.2.3.2. PBAT
6.2.3.3. PBS

6.2.4. PHA
6.2.5. Others (Regenerated Cellulose, and Cellulose Derivatives)

Chapter 7. Biodegradable Films Market Segmentation 3: Regional Estimates & Trend Analysis

7.1. North America

7.1.1. North America Biodegradable Films Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Application, 2024-2031
7.1.2. North America Biodegradable Films Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Type, 2024-2031
7.1.3. North America Biodegradable Films Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by country, 2024-2031

7.2. Europe

7.2.1. Europe Biodegradable Films Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Application, 2024-2031
7.2.2. Europe Biodegradable Films Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Type, 2024-2031
7.2.3. Europe Biodegradable Films Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by country, 2024-2031

7.3. Asia Pacific

7.3.1. Asia Pacific Biodegradable Films Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Application, 2024-2031
7.3.2. Asia Pacific Biodegradable Films Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Type, 2024-2031
7.3.3. Asia Pacific Biodegradable Films Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by country, 2024-2031

7.4. Latin America

7.4.1. Latin America Biodegradable Films Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Application, 2024-2031
7.4.2. Latin America Biodegradable Films Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Type, 2024-2031
7.4.3. Latin America Biodegradable Films Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by country, 2024-2031

7.5. Middle East & Africa

7.5.1. Middle East & Africa Biodegradable Films Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Application, 2024-2031
7.5.2. Middle East & Africa Biodegradable Films Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Type, 2024-2031
7.5.3. Middle East & Africa Biodegradable Films Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by country, 2024-2031

Chapter 8. Competitive Landscape

8.1. Major Mergers and Acquisitions/Strategic Alliances

8.2. Company Profiles


8.2.1. BASF SE
8.2.2. Futamura Chemical Co. Ltd
8.2.3. Taghleef Industries
8.2.4. Walki Group Oy
8.2.5. Kingfa Sci & Tech Co. Ltd
8.2.6. BioBag Americas Inc
8.2.7. Avery Dennison Corporation
8.2.8. Plascon Group
8.2.9. Bi-Ax International Inc
8.2.10. Cortec Corporation
8.2.11. Clondalkin Group
8.2.12. TRIOWORLD INDUSTRIER AB
8.2.13. Groupe Barbier
8.2.14. Paco Label
8.2.15. Layfield Group
8.2.16. Polystar Plastics Ltd.
8.2.17. Other Prominent Players

Segmentation of the Biodegradable Films Market-

Biodegradable Films Market By Application-

  • Agriculture & Horticulture
  • Cosmetic & Personal Care Products Packaging
  • Industrial Packaging
  • Others (Composting, Service Ware, and Carrier Bags)

biodegradable films

Biodegradable Films Market By Type-

  • PLA
  • Starch Blends
  • Biodegradable Polyesters
    • PCL
    • PBAT
    • PBS
  • PHA
  • Others (Regenerated Cellulose and Cellulose Derivatives)

Biodegradable Films Market By Region-

North America-

  • The US
  • Canada
  • Mexico

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • South East Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of the Middle East and Africa

 

InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.

Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.

Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.

Secondary research

The secondary research sources that are typically mentioned to include, but are not limited to:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista

Primary Research:

Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies

The contributors who typically take part in such a course include, but are not limited to: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

Data Modeling and Analysis:

In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.

The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.

To know more about the research methodology used for this study, kindly contact us/click here.

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Frequently Asked Questions

How big is the Biodegradable Films Market?

Biodegradable Films Market expected to grow at a 6.41% CAGR during the forecast period for 2024-2031

BASF SE, Futamura Chemical Co. Ltd, Taghleef Industries, Walki Group Oy, Kingfa Sci & Tech Co. Ltd, BioBag Americas Inc. Avery Dennison Corporation, P

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