The global biodegradable
films market is foreseen to grow by 7.1%, from USD 1.14 Billion in 2021 to USD 1.97
Billion in 2029. Governments focus on green procurement policies, high demand
from the food packaging industry, and a shift in consumer preference toward
eco-friendly plastic products to drive the market for the upcoming forecast
period. However higher cost of biodegradable films than that of conventional
plastic films remains one factor hindering the market growth over the
anticipated period.
Market Definition
What is Biodegradable Films?
Biodegradable films are plastic-based films prepared
using proteins or lipid materials. It can be decomposed by living organisms,
such as bacteria or fungi, with or without oxygen without any environmental
impact.
Market Overview
The
biodegradable films market search study helps to thoroughly understand the
current trend in the market competitive analysis of the players in the emerging
market. Moreover, the DRO in the biodegradable films market offers valuable
perspicuity and a current scenario for making the right decision. The research
study covers the eminent players in the market with a detailed analysis of the
company and a financial overview containing their net sales, business mix and
geographical reach It mainly focuses on the key developments of the
products/services offered by the company in recent years. Besides, we at
Zettabyte have the expertise to analyses the global biodegradable films market player's
competitive landscape helping the client comprehend their specific strategic
growth approaches.
Biodegradable
films market study by "Zettabyte Analytics" offers details about the
market scope, market segmentation, technological advancement in the biodegradable
films market and highlights the optimistic, competitive landscape and trends
enduring over the years.
Major players in
the biodegradable films market include Avery Dennison Corporation, Basf SE,
Bi-Ax International Inc., Biobag Americas, Inc., Clondalkin Group, Cortec
Corporation, Futamura Group, Groupe Barbier, Kingfa Sci. & Tech. Co., Ltd.,
Layfield Group. Ltd., Paco Label, Plascon Group, Plastika Kritis S.A., Polypak
S.R.O., Polystar Plastics Ltd., Taghleef Industries, Tipa Ltd, Trioworld
Industrier AB, Walki Group OY.
COVID-19 Impact on Global Biodegradable
films Market
The global impact
of COVID-19 has lost millions of lives with a massive cost to the healthcare
system. Moreover, the treatment cost for patients with COVID-19 has also had a
financial impact globally. the impact of COVID-19 on the biodegradable films
market has forced the companies to change their sourcing, pricing, and
promotion strategies. the biodegradable films market players are seen focusing
more on optimizing the e-commerce networks with the rising innovations in the
digital sector, which are creating new business models for the healthcare industry
player.
Research Scope
The report
provides market value for the base year 2021 and a yearly forecast from 2022 to
2029 in revenue (USD Million/ Billion). the market for each segment is present
in North America, Europe, Asia Pacific, Latin America, Middle East &
Africa, and the regional basis for the forecast mentioned above.
Key industry
dynamics, regulatory scenarios, major material dynamics and biodegradable films
market future markets are analyzed to understand their impact on demand for the
forecast period. growth rates have been estimated using correlation, regression
and time-series analysis.
Market Segmentation
For the purpose
of this report, the global biodegradable films market segmented on the basis of
film type, film type, product type, crop type, application, and region:
Film Type Outlook:
On the basis of
film type, the market is segmented into PLA, biodegradable polyesters, PHA,
starch blends, others.
Product Type Outlook:
On the basis of
product type, the market is segmented into oxo-biodegradable,
hydro-biodegradable.
Figure 1 Biodegradable Films Market By Product
Type (Market Size And Forecast By Value - USD Million, 2021 & 2029)

Crop Type Outlook:
On the basis of
crop type, the market is segmented into fruits & vegetables, grains &
oilseeds, flowers & plants, other crop types.
Application Outlook:
On the basis of
application, the market is segmented into agriculture & horticulture,
cosmetic & personal care products packaging, food packaging, industrial
packaging, others.
Figure 2 Application Outlook (Revenue, USD Million,
2021)

Regional Outlook (Revenue, USD million; 2021
& 2029)
Regional Outlook
(Revenue, USD million; 2018-2029)
|
North America
|
U.S.
|
|
Canada
|
Europe
|
Germany
|
|
U.K.
|
|
France
|
|
Spain
|
|
Italy
|
|
Rest of the Europe
|
Asia Pacific
|
India
|
|
Japan
|
|
China
|
|
South Korea
|
|
Australia
|
|
Rest of Asia-Pacific
|
Middle East & Africa
|
UAE
|
|
Saudi Arabia
|
|
South Africa
|
|
Rest of Middle East & Africa
|
Latin America
|
Brazil
|
|
Mexico
|
|
Argentina
|
|
Rest of Latin America
|
Figure 3 Biodegradable films Market: Regional
Dynamics
