Global Biodegradable Films Market

Global Biodegradable Films Market Size, Trends & Analysis with COVID-19 Impact - Forecasts To 2026 By Type (PLA, Biodegradable Polyester, PHA, Starch Blends, Others), By Application (Food Packaging, Agriculture & Horticulture, Industrial Packaging, Cosmetics & Personal Care Products, Others), By Region (North America, Europe, Asia Pacific and Rest of the World); and Company Market Share Analysis & Competitor Analysis

Category Chemicals & Advanced Material
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Biodegradable Films Market: Insights

Organic mulching materials extracted from plants and animals are biodegradable films, providing advantages such as weed control, soil structure preservation, and crop prevention from soil pollution. Rising awareness of plastic waste, cumulative with increasing demand from the food packaging industry, are among some of the main factors that are expected to spur growth for the biodegradable film market. Moreover, robust demand from the horticulture & agriculture sector and rising demand for greenhouse applications are also driving growth in the industry. However, the high installation costs of biodegradable films are likely to undermine the growth of the market during the outlook period.

Biodegradable Films Market

Biodegradable Films Market: By Type

In five type-based divisions, including biodegradable polyester, PLA, starch blends, and PHA, among others, the market can be identified. The starch blend segment is projected to lead to a significant growth trend in this market segment from 2020 to 2026. Also, the PLA segment is expected to dominate the market in terms of volume during the projected timeline. To increase biodegradability and decrease cost, it is sometimes blended with starch. As compared to the synthesis of other biodegradable plastics, PLA is introduced easily as it is more economical to produce.

Biodegradable Films Market: By Application

According to the application segment, this market can be supported by five segments: industrial packaging, cosmetics & personal care products, agriculture & horticulture, and food packaging, among others. It is estimated that the food packaging segment will contribute the most to the industry's worldwide revenue. Increased demand for more sustainable packaging materials for fast food and ready-to-eat meals is accelerating the production of biodegradable films in food packaging applications.

Biodegradable Films Market

Biodegradable Films Market: By Region

Based on the geographical analysis, the biodegradable film market is categorized into Europe, APAC, Americas, CSA, and MEA. The North American region is expected to contribute the most to the global revenues over the projected timeframe. It is predicted that these countries have implemented the best cultivation techniques in the world to improve the cultivation process. Moreover, new technology advances are expected to stimulate demand growth in the North American area over the projected timeframe. Furthermore, the Asia-Pacific region is expected to see tremendous development in emerging regions at a rapid CAGR pace. This is due to the enormous implementation of different environmental regulations, as well as increasing regulatory standards on the ban on traditional plastic bags and global warming initiatives, which are permitted to accelerate demand for biodegradable films in the Asia Pacific for packaging applications.

Biodegradable Films Market: Share & Competitor Analysis

Some of the major players competing are BASF SE, Futamura Chemical Co. Ltd., Biobag Americas, Inc., Tipa Corp. Ltd., Groupe Barbier, Layfield Group, Avery Dennison Corporation, Plascon Group, Cortec Corporation, Taghleef Industries, Polypak S.R.O., Trioplast Industrier AB, Paco Label, Walki Group Oy, and Bi-Ax International Inc., among others.

Please note: This is not an exhaustive list of companies profiled in the report.

In May 2019, BASF SE entered into a partnership with Lactips to supply a film made that is water-soluble, 100% bio-based, and fully biodegradable.

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The Global Biodegradable Films Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

Biodegradable Films Market

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Biodegradable Films Market.

Biodegradable Films Market

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Biodegradable Films Market

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.

Biodegradable Films Market

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