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At a CAGR of 8.2% from 2023 to 2030, the worldwide biodegradable films market is expected to reach a value of USD 1.24 billion. One of the key reasons propelling the market is the increasing consciousness of the harmful effects of plastic waste on the environment. Market expansion of biodegradable films can also be attributed to factors such as rising demand from the food packaging industry and robust demand from the agriculture and horticulture sectors.
Biodegradable films are films used in packaging that have had biodegradable ingredients added during production. The proteins, polysaccharides, and fatty components of these additives are often enzymes that aid in the decomposition of the plastic. Biodegradable organic mulch films made from plant and animal matter have several useful properties, including weed suppression, soil structure preservation, and the avoidance of crop pollution.
Constant innovation in technology, speedy industrialization, and ever-increasing urbanization have all contributed to dramatic shifts in the worldwide packaging market. Depending on the material structure and climatic variables, plastic films can take anywhere from 20 to 500 years to degrade into the soil. There are now several biodegradable alternatives to plastic because of its ubiquitous and often inappropriate use. It is in this capacity that biodegradable films serve. Increasing knowledge about how to induce optimal water utilization with biodegradable films led to agriculture and horticulture's dominance of the application sector of the worldwide market in 2022.
Biodegradable film, also known as a biodegradable coating or thin sheet, is created from materials that decompose naturally over time when exposed to specific environmental conditions. Biodegradable films are intended to biodegrade into harmless compounds without leaving behind harmful residues, in contrast to typical plastic films which linger in the environment for extended periods and contribute to pollution. Biodegradable films, for example, have seen a boom in popularity as people, businesses, and governments become more aware of the negative effects that plastic waste has on the environment, marine life, and ecosystems. This aspect is projected to drive the market throughout the forecast period.
However, biodegradable films are more expensive to create than regular polymers. Raw material and manufacturing costs have increased, which might lead to higher retail pricing. The expansion of the market is predicted to be stunted by this aspect. The growing environmental awareness of consumers has resulted in a rise in the demand for sustainable and environmentally friendly packaging. Businesses can address this need and attract eco-conscious customers by switching to biodegradable films.
Thin sheets or coatings of biodegradable film can be created from either natural or synthetic materials, and they are formulated to decompose fast and safely in the environment through the action of biological processes. Biodegradable plastics, cellulose, starch, and other plant-based polymers can all be used to create these films. Biodegradable films are intended to break down from a few months to a few years, depending on environmental circumstances and the individual material used, as opposed to regular plastic films, which can take hundreds of years to degrade. The eco-friendliness of biodegradable films has led to their widespread adoption around the world. Plastic films in the past have been linked to environmental damage and animal suffering.
Since polylactic acid (PLA), starch-based polymers, and polyhydroxyalkanoates (PHA) are readily biodegradable, compostable, and recyclable, they are increasingly being employed as raw ingredients in food and beverage packaging. This has increased the need for biodegradable films in food packaging and compostable bags as a branding and customer acquisition strategy among many businesses.
Since polylactic acid (PLA), starch-based polymers, and polyhydroxyalkanoates (PHA) are readily biodegradable, compostable, and recyclable, they are increasingly being employed as raw ingredients in food and beverage packaging. This has increased the need for biodegradable films in food packaging and compostable bags as a branding and customer acquisition strategy among many businesses.
Report Coverage
Global Biodegradable Films research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Biodegradable Films report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Biodegradable Films competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Biodegradable Films market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Biodegradable Films market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Biodegradable Films market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
BASF SE (Germany), Biogeneral (U.S.), TAGHLEEF INDUSTRIES GROUP (UAE), Polyplex (India), Walki Group Oy (Finland), Kingfa SCI. & TECH. CO., LTD. (China), Plascon Group (U.S.), Grafix Plastics (U.S.), Profol GmbH (U.S.), BioBag Americas, Inc.(Florida), Polystar Plastics Ltd (U.K.), Accredo Packaging, Inc. (U.S.)
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Biodegradable Films market based on the below-mentioned segments:
Global Biodegradable Films Market, By Raw Material
Polyhydroxyalkanoates (PHA)
Others
Polylactic Acid (PLA)
Biodegradable Starch
Global Biodegradable Films market, By Application
Food Packaging
Agriculture Mulching
Pharmaceutical Packaging
Others
Global Biodegradable Films market, Regional Analysis
Biodegradable films are films used in packaging that have had biodegradable ingredients added during production. The proteins, polysaccharides, and fatty components of these additives are often enzymes that aid in the decomposition of the plastic. Biodegradable organic mulch films made from plant and animal matter have several useful properties, including weed suppression, soil structure preservation, and the avoidance of crop pollution.
Constant innovation in technology, speedy industrialization, and ever-increasing urbanization have all contributed to dramatic shifts in the worldwide packaging market. Depending on the material structure and climatic variables, plastic films can take anywhere from 20 to 500 years to degrade into the soil. There are now several biodegradable alternatives to plastic because of its ubiquitous and often inappropriate use. It is in this capacity that biodegradable films serve. Increasing knowledge about how to induce optimal water utilization with biodegradable films led to agriculture and horticulture's dominance of the application sector of the worldwide market in 2022.
Biodegradable film, also known as a biodegradable coating or thin sheet, is created from materials that decompose naturally over time when exposed to specific environmental conditions. Biodegradable films are intended to biodegrade into harmless compounds without leaving behind harmful residues, in contrast to typical plastic films which linger in the environment for extended periods and contribute to pollution. Biodegradable films, for example, have seen a boom in popularity as people, businesses, and governments become more aware of the negative effects that plastic waste has on the environment, marine life, and ecosystems. This aspect is projected to drive the market throughout the forecast period.
However, biodegradable films are more expensive to create than regular polymers. Raw material and manufacturing costs have increased, which might lead to higher retail pricing. The expansion of the market is predicted to be stunted by this aspect. The growing environmental awareness of consumers has resulted in a rise in the demand for sustainable and environmentally friendly packaging. Businesses can address this need and attract eco-conscious customers by switching to biodegradable films.
Thin sheets or coatings of biodegradable film can be created from either natural or synthetic materials, and they are formulated to decompose fast and safely in the environment through the action of biological processes. Biodegradable plastics, cellulose, starch, and other plant-based polymers can all be used to create these films. Biodegradable films are intended to break down from a few months to a few years, depending on environmental circumstances and the individual material used, as opposed to regular plastic films, which can take hundreds of years to degrade. The eco-friendliness of biodegradable films has led to their widespread adoption around the world. Plastic films in the past have been linked to environmental damage and animal suffering.
Since polylactic acid (PLA), starch-based polymers, and polyhydroxyalkanoates (PHA) are readily biodegradable, compostable, and recyclable, they are increasingly being employed as raw ingredients in food and beverage packaging. This has increased the need for biodegradable films in food packaging and compostable bags as a branding and customer acquisition strategy among many businesses.
Since polylactic acid (PLA), starch-based polymers, and polyhydroxyalkanoates (PHA) are readily biodegradable, compostable, and recyclable, they are increasingly being employed as raw ingredients in food and beverage packaging. This has increased the need for biodegradable films in food packaging and compostable bags as a branding and customer acquisition strategy among many businesses.
Report Coverage
Global Biodegradable Films research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Biodegradable Films report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Biodegradable Films competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Biodegradable Films market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | BASF SE (Germany), Biogeneral (U.S.), TAGHLEEF INDUSTRIES GROUP (UAE), Polyplex (India), Walki Group Oy (Finland), Kingfa SCI. & TECH. CO., LTD. (China), Plascon Group (U.S.), Grafix Plastics (U.S.), Profol GmbH (U.S.), BioBag Americas, Inc.(Florida), Polystar Plastics Ltd (U.K.), Accredo Packaging, Inc. (U.S.) |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Biodegradable Films Market from 2021 to 2030.
- Market Forecast for Biodegradable Films Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Biodegradable Films competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Biodegradable Films
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Biodegradable Films market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Biodegradable Films market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
BASF SE (Germany), Biogeneral (U.S.), TAGHLEEF INDUSTRIES GROUP (UAE), Polyplex (India), Walki Group Oy (Finland), Kingfa SCI. & TECH. CO., LTD. (China), Plascon Group (U.S.), Grafix Plastics (U.S.), Profol GmbH (U.S.), BioBag Americas, Inc.(Florida), Polystar Plastics Ltd (U.K.), Accredo Packaging, Inc. (U.S.)
Primary Target Market
- Market Players of Biodegradable Films
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Biodegradable Films market based on the below-mentioned segments:
Global Biodegradable Films Market, By Raw Material
Polyhydroxyalkanoates (PHA)
Others
Polylactic Acid (PLA)
Biodegradable Starch
Global Biodegradable Films market, By Application
Food Packaging
Agriculture Mulching
Pharmaceutical Packaging
Others
Global Biodegradable Films market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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