Global Biodegradable Film Market, Type (PLA, Starch Blends, Biodegradable Polyester, PHA, Soy-Based, Cellulose-Based, Lignin-Based, and Others), Product Type (Oxo-Biodegradable and Hydro-Biodegradable), Crop Type (Fruits & Vegetables, Grains & Oilseeds, Flowers & Plants and Others), Application (Food Packaging, Agriculture & Horticulture, Cosmetic & Personal Care Products, Industrial Packaging, and Others) - Industry Trends and Forecast to 2030.
Biodegradable Film Market Analysis and Size
With continuous technological advancements, rapid industrialization, and escalating urbanization, the global packaging industry is undergoing unprecedented changes. Plastic films can take 20-500 years to decompose into the soil, depending on the material structure and environmental factors. Plastic's lack of biodegradability, combined with its widespread and inappropriate use, has resulted in the proliferation of biodegradable alternatives. Such is the role of biodegradable films. In 2022, agriculture and horticulture dominated the application segment of the global market owing to the escalating awareness of how to induce optimum water utilization using biodegradable films.
Data Bridge Market Research analyses that the biodegradable film market, valued at USD 15,251.71 million in 2022, will reach USD 23,763.94 million by 2030, growing at a CAGR of 5.7% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Biodegradable Film Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (PLA, Starch Blends, Biodegradable Polyester, PHA, Soy-Based, Cellulose-Based, Lignin-Based, and Others), Product Type (Oxo-Biodegradable and Hydro-Biodegradable), Crop Type (Fruits & Vegetables, Grains & Oilseeds, Flowers & Plants and Others), Application (Food Packaging, Agriculture & Horticulture, Cosmetic & Personal Care Products, Industrial Packaging, and Others)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa
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Market Players Covered
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BASF SE (Germany), Biogeneral (U.S.), TAGHLEEF INDUSTRIES GROUP (UAE), Polyplex (India), Walki Group Oy (Finland), Kingfa SCI. & TECH. CO., LTD. (China), Plascon Group (U.S.), Grafix Plastics (U.S.), Profol GmbH (U.S.), BioBag Americas, Inc.(Florida), Polystar Plastics Ltd (U.K.), Accredo Packaging, Inc. (U.S.)
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Market Opportunities
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Market Definition
Biodegradable films are packaging films that are made with biodegradable additives during the manufacturing process. These additives, which are frequently enzymes, either aid in the degradation of the plastic or are composed of proteins, polysaccharides, or fatty components. Organic mulching materials derived from plants and animals are biodegradable films that provide benefits such as weed control, soil structure preservation, and crop pollution prevention.
Biodegradable Film Market Dynamics
Drivers
- Agriculture helps uplift the biodegradable packaging
Even if films are made from recycled materials rather than chemicals and plastics, biodegradable packaging materials are better for the environment. The eco-friendly packaging reduces waste and resource consumption and propels the global biodegradable films market. Agricultural biodegradable films are commonly used in specialty crop production systems due to their agronomic benefits. The use of biodegradable films improves soil quality, which drives the global biodegradable films market. It can be decomposed without harming the environment by living organisms, such as bacteria or fungi, with or without oxygen.
- Consumer preference for eco-friendly products has fueled market expansion
Consumers primarily choose sustainable brands and products because they want to protect the environment. The demand for lightweight, biodegradable packaging to reduce material use, waste, and shipping costs is anticipated to increase in the eco-friendly market. Growing concern about environmental problems brought on by an accumulation of synthetic containers that aren't biodegradable has led to an increased interest in using biodegradable polymers to create new materials. As a result, much effort is put into developing edible biodegradable film packaging made of biopolymers as synthetic packaging that is acceptable to the environment.
Opportunities
- Shelf life for food helps to boom the biodegradable film industry
Maintaining the quality of packaged foods and shielding them from physical, chemical, and environmental contaminants require proper food packaging. The ability of biodegradable films to improve food quality, shelf life, safety, and usability is fuelling the growth of the global biodegradable films market. The food industry uses biodegradable films for edible coating, paper boards, egg trays, carry bags, wrapping films, and food packaging.
Restraints/Challenges
- Biodegradable film prices are costing higher than those for regular plastic films
The high costs associated are impeding the growth of the biodegradable film market. The cost of producing biodegradable films is 20% to 80% higher than conventional plastic films. This is primarily due to the high cost of biodegradable plastic polymerization, which results from the fact that most technologies are still in the research and development stages and have not yet achieved economies of scale.
This biodegradable film market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the biodegradable film market contact Data Bridge Market Research for an analyst brief, our team will help you take an informed market decision to achieve market growth.
Recent Developments
- In 2020, Avery Dennison received the industry sustainability award for its label-waste recycling program for the third consecutive year. This success is anticipated to increase its reputation and sales across the nation and the continent.
Global Biodegradable Film Market Scope
The biodegradable film market is segmented on the basis of type, product type, crop type and application. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- PLA
- Starch Blends
- Biodegradable Polyester
- PCL
- PBAT
- PBS
- PHA
- Soy-Based
- Cellulose-Based
- Lignin-Based
- Others
Product Type
- Oxo-Biodegradable
- Hydro-Biodegradable
Crop Type
- Fruits & Vegetables
- Grains & Oilseeds
- Flowers & Plants
- Others
Application
- Food Packaging
- Agriculture & Horticulture
- Cosmetic & Personal Care Products
- Industrial Packaging
- Others
Biodegradable Film Market Regional Analysis/Insights
The biodegradable film market is analysed and market size insights and trends are provided by country, type, product type, crop type and application as referenced above.
The countries covered in the biodegradable film market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa.
Asia-Pacific dominates the market. China in Asia-Pacific holds the largest share in the biodegradable film market due to the growing concerns about climate change and greenhouse gas emissions,
North America will score the highest CAGR during the forecast period. As a result of easy availability and competitive prices, the U.S. is the market leader for biodegradable film in North America.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Biodegradable Film Market Share Analysis
The biodegradable film market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to biodegradable film market
Some of the major players operating in the biodegradable film market are:
- BASF SE (Germany)
- Biogeneral (U.S.)
- TAGHLEEF INDUSTRIES GROUP (UAE)
- Polyplex (India)
- Walki Group Oy (Finland)
- Kingfa SCI. & TECH. CO., LTD. (China)
- Plascon Group (U.S.)
- Grafix Plastics (U.S.)
- BioBag Americas, Inc.(Florida)
- Polystar Plastics Ltd (U.K.)
- Accredo Packaging, Inc. (U.S.)
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