Biodegradable Films Market

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