Global Biodegradable Film Market is Expected to Grow at 5.2% in the Forecast Period of 2021 to 2028

Global Biodegradable Film Market is forecasted to grow at 5.2% with factors such as increasing awareness regrading the toxic effects of plastic films on human health as well as to nature, developments in packaging technologies and advancements in agricultural industry.

However, the comparatively higher production cost with respect to plastic films is a restraint for market growth.

Biodegradable Film Market Scenario

According to Data Bridge Market Research, the market for biodegradable film in Asia-Pacific region has the highest market share followed by Europe and North America. Market leader is AVERY DENNISON COPORATION, which accounts for an estimated market share of approximately 10% to 12%. The company is engaged in manufacturing of variety of packaging solutions.

In March 2020, AVERY DENNISON CORPORATION finished the procedures for the acquisition of Smartrac’s Transponder business. The acquisition is expected to empower the company's research and developments in RFID inlays and help it develop and commercialize, high-valued and high-quality RFID products.

segments, thereby increasing its revenue.

Trends Impacting the Market

Now the question is which other regions AVERY DENNISON CORPORATION, BASF SE and STOROPACK HANS REICHENECKER GMBH are targeting? Data Bridge Market Research has estimated a large growth in Asia-Pacific biodegradable film market and the market leaders targeting China, Japan and India to be their next revenue pockets for 2021.

The biodegradable film market is becoming more competitive every year with companies such as AVERY DENNISON CORPORATION, BASF SE and STOROPACK HANS REICHENECKER GMBH as they are the market leaders for biodegradable film market. The Data Bridge Market Research new reports highlight the major growth factors and opportunities in the biodegradable film market.

For more analysis on the biodegradable film market request for a briefing with our analysts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-biodegradable-film-market

Global Biodegradable Film Market Development

In December 2020, Cortec Corporation announced its new product, “Eco-Corr Film ESD, which is a compostable and biodegradable material used to manufacture films and bags that are highly eco-friendly. The films made from this materials are widely used in packaging and car industry and offers a corrosion inhibiting layer on metal substates. The company expects to improve its Eco friendly products portfolio as well as sales with the launch of this new product.

Scope of the Global Biodegradable Film Market

Global biodegradable film market is segmented on the basis of countries into the U.S., Canada, Mexico, Germany, U.K., Italy, France, Spain, Russia, Turkey, Switzerland, Belgium, Netherlands, Luxemburg, Rest of Europe, Japan, China, South Korea, India, Australia and New Zealand, Singapore, Thailand, Hong-Kong, Taiwan, Indonesia, Malaysia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Egypt, Saudi Arabia, U.A.E., Israel, Rest of Middle East & Africa.

All the analysis of the biodegradable film market market is done based on the following segmentations

On the basis of type, the biodegradable film market is segmented into PLA, starch blends, biodegradable polyester, PHA, soy-based, cellulose-based, lignin-based and others. On the basis of the product type, the biodegradable film market is segmented into oxo-biodegradable and hydro-biodegradable. On the basis of crop type, the biodegradable film market is segmented into fruits & vegetables, grains & oilseeds, flowers & plants and others. On the basis of application, the biodegradable film market is segmented into food packaging, agriculture & horticulture, cosmetic & personal care products, industrial packaging and others

To know more about the study https://www.databridgemarketresearch.com/reports/global-biodegradable-film-market

Key Pointers Covered in Global Biodegradable Film Market Industry Trends and Forecast to 2028

Market Size

Market Standards and Changes

Market Trials in Different Regions

Market Requirements in Different Regions

Market Shares in Different Regions

Recent Developments for Market Competitors

Recent Market Value for Different regions

Sales Data for Market Competitors

Key Vendors and Disruptors Study

Supply Chain Competitiveness

Key Market Competitors Covered in the Report

BASF SE

Biogeneral

Plascon Group

TAGHLEEF INDUSTRIES GROUP

Shreejistretchfilm

Polyplex

STOROPACK HANS REICHENECKER GMBH

Grafix Plastics

Profol GmbH

Walki Group Oy

BioBag Americas, Inc.

AVERY DENNISON CORPORATION

Polystar Plastics Ltd

TIPA LTD

Cortec Corporation

BI-AX International Inc

Futamura Group

Trioplast Industrier AB

Poysha Packaging Private Limited

Layfield Group. Ltd.

Accredo Packaging, Inc.

Paco Label

Brentwood Plastics, Inc.

Novamont S.p.A.

PLASTIKA KRITIS S.A.

Above are the key players covered in the report, to know about more and exhaustive list of biodegradable film companies, contact us PR I_APAC Biodegradable Film Market_Final.pptx

Research Methodology: Global Biodegradable Film Market

Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your inquiry.

The key research methodology used by the DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market timeline analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Primary Respondents

Demand Side: Consumer

Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.

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