AVERY DENNISON CORPORATION, BASF SE and STOROPACK HANS REICHENECKER GMBH are Dominating the Global Biodegradable Film Market in 2021

Global Biodegradable Film Market is expected to grow with the CAGR of 5.2% in the forecast period of 2021 to 2028. The years considered for study are as mentioned below.

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Global biodegradable film market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in global biodegradable film market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio.

For instance,

  • 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.

AVERY DENNISON CORPORATION is the dominating player in global biodegradable film market. The other key players existing in the market includes 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. among others.

Biodegradable Film Market

AVERY DENNISON CORPORATION.

AVERY DENNISON CORPORATION headquartered in California, U.S. was founded in 1935. The company focuses on material sciences to produce innovative and futuristic products that meets everyday demands of the consumers. The company have wide range of products for various industries such as Advertising and Promotions, Apparel and Footwear Branding, Architecture and Buildings, Automotive, Consumer Packaged Goods, Durable Goods and Equipment, Electronic and Electrical, Food, Government, Medical and Healthcare, RFID, Retail, Supply Chain and Logistics, Transportation. Out of these food is our focused industry.

For instance,

  • In January 2021, AVERY DENNISON CORPORATION finished the acquisition of ACPO Ltd., Ohio-based leading manufacture of sensitive overlaminate products used in label and flexible packaging markets. The company expects to strengthen and increase its sales of core and label segments, thereby increasing its revenue.

The company have global presence across Americas, Asia-Pacific, Europe Middle East and Africa. In addition to it, the company also generates its revenue from the various subsidiary companies such as ADC Philippines, Inc. (Philippines), Adespan S.R.L. (Italy), Adespan U.K. Limited (U.K.), Adhipress Bangladesh Ltd (Bangladesh), Adhipress (Hong Kong) Ltd (Hong Kong) among others.

BASF SE

BASF SE is headquartered in Ludwigshafen, Germany. It was founded in year 1865 and is a publicly owned company. The company is engaged in providing chemicals, plastics, performance products and crop protection products to various sectors. The company have wide range of products for various industries such as Automotive & Transportation, Agriculture, Plastics & Rubber, Electronics & Electric, Construction, Energy & Resources, Pharmaceuticals, Textile, Leather & Footwear, Furniture & Wood, Packaging & Print, Pulp & Paper, Home Care and I&I Cleaning, Paints & Coatings, Personal Care & Hygiene, Chemicals and Nutrition, Coating Solutions and among these products Plastics & Rubber is the market focused category.

For instance,

  • In May 2019 BASF SE has signed an exclusive contract with Lactips’ to produce bio-based and fully biodegradable films for various purposes. This update helps the company to increase production capacity, which generates revenue in the future.

The company has presence in Americas, Asia-Pacific, Europe Middle East and Africa. In addition to it, the company also generates its revenue from the various subsidiary companies such as BASF Coatings GmbH (Germany), Wintershall, BASF Japan (Japan), Engelhard (U.S.), PCI Augsburg GmbH (Germany), Cognis (Germany) among others.

STOROPACK HANS REICHENECKER GMBH

STOROPACK HANS REICHENECKER GMBH is headquartered in Metzingen, Germany. It is a privately owned company which was founded in 1959. The company focuses on the manufacturing and sales of technical molded parts and is considered as a specialist in the manufacturing of protective packaging films. The company has product categories such as Flexible Protective Packaging, Customized Packaging, Temperature-Controlled Packaging and Technical Molded Part, among which Customized packaging is market focused segment.

For instance,

  • In November 2020, STOROPACK HANS REICHENECKER GMBH joined the CEFLEX initiative, an initiative composed of 130 companies and focuses on sustainable development and recycling. The company expects to improve its goodwill by being a part of this initiative.

The company has wide global presence in Netherlands.