Global Biodegradable Films Market Overview
The biodegradable films market accounted for US$ 1.2 billion in 2020 and is estimated to be US$ 2.1 billion by 2029 and is anticipated to register a CAGR of 6.2%.
Plastic sustains its significant place in the packaging due to its durability and cost-effectiveness. But growing intolerance to the plastic for single-use packaging is resulting in the requirement of highly sustainable solutions. The key players in the packaging industry are making efforts to develop eco-friendly and yet effective packaging solutions to end-users. Paper-based packaging, biodegradable films, and aluminium foil are few of the newer solutions for sustainable packaging to which manufacturing giants are looking to opt for. The packaging market is projected to register the higher demand for biodegradable films in the predictable future. The biodegradable films market accounted for US$ 1.2 billion in 2020 and is estimated to be US$ 2.1 billion by 2029 and is anticipated to register a CAGR of 6.2%.
Impact of COVID-19 on the market
The outbreak of COVID-19 crisis has created a subsequent halt in manufacturing activities which has also affected supply chain availabilities of a variety of renewable chemicals. Additionally, current disruption in trade shall also seriously affect the availability of chemical stocks in import-dependent countries. This report will quantify the impact of this pandemic on the Biodegradable Films market.
Global Biodegradable Films Market Dynamics
Biodegradable films are growing by the agriculture sector due to its temperature maintaining, speed up capability in germination and cultivation cycles. The mulch films developed from the biodegradable films are gaining traction across the world. Additionally, rising demand in the agricultural sector to improve crop in appropriate conditions is a key factor for the growth of the biodegradable films market. Rising demand in greenhouse application along with increasing environmental concerns about synthetic counterparts is expected to boost the market growth in the coming years. Rising population along with a shrinking agricultural land due to the rapid urbanization and industrialization has forced farmers to expand the productivity. Several benefits offered by these films, such as enhancing crop yield by inhibiting weed growth, lower environmental impact, maintaining soil moisture levels and temperature, are projected to impact their demand during the forecast period. Moreover, favourable government regulations concerning the usage of eco-friendly products, particularly in Europe and North America regions, is expected to have a positive impact on the market growth over the forecast period.
Addition of plasticizers in manufacturing of biodegradable mulch film can make it destructive, lack of awareness among farmers about the advantages of biodegradable mulch film, inappropriate use of chemicals by the producer in order to make profits, the high price of biodegradable films are few possible factors hampering the growth of biodegradable film market.
Global Biodegradable Films Market Segmentation
The biodegradable films market is segmented based on the material, thickness, application, end-user, and region.
On the basis of the material, the biodegradable films market is segmented into Bio-LDPE (Low-Density Polyethylene), Bio-MDPE (Low-Density Polyethylene), Bio-HDPE (Low-Density Polyethylene), Bio-based PLA (Polylactic Acid), and Others. Based on the thickness, the target market is segmented into up to 1 mil, 1-3 mil, and above 3 mil. Based on the application, the target market is classified into bags, mulch films, wrapping, films liners, and others (sheets, etc.). Based on the end-user, the target market is classified into food & beverages, healthcare, personal care & cosmetics, agriculture, waste management, and others.
Regional Insights:
In the region, the biodegradable films market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In North America and Europe, the popularity of biodegradable films is projected to gaining traction due to local governments drive toward sustainability and increased research and development activities by manufacturers. The ban on plastic and consumer preference towards biodegradable packaging options are anticipated to speed up the growth of the biodegradable films market throughout the forecast period. India, China, and Japan are planning to decrease 100% of single-use plastic by the end of 2025, which is projected to fuel the demand for biodegradable films in the Asia Pacific region. Latin America and Middle East & Africa regions registered sluggish growth for biodegradable films market in the past five years, which is expected to influence in the next decade.
|
Attribute |
Details |
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The base year for estimation |
2020 |
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Forecast period |
2020 – 2029 |
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Market representation |
Revenue in USD Million & CAGR from 2020 – 2029 |
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Market Segmentation |
By Material - Bio-LDPE (Low Density Polyethylene), Bio-MDPE (Low Density Polyethylene), Bio-HDPE (Low Density Polyethylene), Bio-based PLA (Polylactic Acid), and Others By Thickness - Up to 1 mil, 1-3 mil, and Above 3 mil By Application - Bags, Mulch Films, Wrapping, Films Liners, and Others (Sheets, etc.) By End-user - Food & Beverages, Healthcare, Personal Care & Cosmetics, Agriculture, Waste Management, and Others |
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at , regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2029. For the purpose of this study, has segmented the biodegradable films market report based on material, thickness, application, end-user, and region.
Biodegradable Films Market, By Material:
- Bio-LDPE (Low Density Polyethylene)
- Bio-MDPE (Low Density Polyethylene)
- Bio-HDPE (Low Density Polyethylene)
- Bio-based PLA (Polylactic Acid)
- Others
Biodegradable Films Market, By Thickness:
- Up to 1 mil
- 1-3 mil
- Above 3 mil
Biodegradable Films Market, By Application:
- Bags
- Mulch Films
- Wrapping Films
- Liners
- Others (Sheets, etc.)
Biodegradable Films Market, By End-user:
- Food & Beverage
- Healthcare
- Personal Care & Cosmetics
- Agriculture
- Waste Management
- Others
Biodegradable Films Market, By Region:
- North America
- Middle East & Africa
-
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
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- Latin America
-
- Brazil
- Mexico
- Rest of Latin America
-
- Asia Pacific
-
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
-
- Europe
-
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
-
- U.S.
- Canada
- Middle East & Africa
Global Biodegradable Films Market Key Players
The key players operating in the biodegradable films market include Taghleef Industries Group, Cortec Corporation, Clondalkin Group, Storopack, Inc., Futamura Group, Inc., Accredo Packaging, Inc., POLYNOVA Industries Inc., Transilwrap Co., Tipa Corporation, and Plastiroll Oy Ltd. Manufacturers in the packaging films are focusing on the development of biodegradable films offerings due to the increased demand from the end-users. For instance, in 2018, Zummit Plastics, a producer of high-end machine and hand application stretch film products, extended its PE biodegradable films production.
Global Biodegradable Films Market Company Profile
- Taghleef Industries Group
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- Cortec Corporation
- Clondalkin Group
- Storopack, Inc.
- Futamura Group, Inc.
- Accredo Packaging, Inc.
- POLYNOVA Industries Inc.
- Transilwrap Co.
- Tipa Corporation
- Plastiroll Oy Ltd.
“*” marked represents similar segmentation in other categories in the respective section
Global Biodegradable Films Market Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Preview
- Executive Summary
- Key Findings—Outlook for Biodegradable Films Strategies
- Key Questions this Study will Answer
- Market Snippet, By Material
- Market Snippet, By Thickness
- Market Snippet, By Application
- Market Snippet, By End-user
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Market Segmentation, By Material, 2020 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2029
- Y-o-Y Growth Analysis (%), 2020 – 2029
- Segment Trends
- Bio-LDPE (Low Density Polyethylene)
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2029
- Bio-MDPE (Low Density Polyethylene)
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2029
- Bio-HDPE (Low Density Polyethylene)
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2029
- Bio-based PLA (Polylactic Acid)
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2029
- Others
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2029
- Overview
- Market Segmentation, By Thickness, 2020 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2029
- Y-o-Y Growth Analysis (%), 2020 – 2029
- Segment Trends
- Up to 1 mil
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2029
- 1-3 mil
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2029
- Above 3 mil
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2029
- Overview
- Market Segmentation, By Application, 2020 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2029
- Y-o-Y Growth Analysis (%), 2020 – 2029
- Segment Trends
- Bags
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2029
- Mulch Films
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2029
- Wrapping
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2029
- Films Liners
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2029
- Others
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2029
- Overview
- Market Segmentation, By End-user, 2020 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2029
- Y-o-Y Growth Analysis (%), 2020 – 2029
- Segment Trends
- Food & Beverages
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2029
- Healthcare
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2029
- Personal Care & Cosmetics
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2029
- Agriculture
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2029
- Waste Management
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2029
- Others
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2029
- Overview
- Global Market, By Region, 2020 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2029
- Y-o-Y Growth Analysis (%), 2020 – 2029
- Regional Trends
- North America
- Market Size and Forecast (US$ Mn), By Material, 2020 – 2029
- Market Size and Forecast (US$ Mn), By Thickness, 2020 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2020 – 2029
- Market Size and Forecast (US$ Mn), By End-user, 2020 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2029
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Mn), By Material, 2020 – 2029
- Market Size and Forecast (US$ Mn), By Thickness, 2020 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2020 – 2029
- Market Size and Forecast (US$ Mn), By End-user, 2020 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2029
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Mn), By Material, 2020 – 2029
- Market Size and Forecast (US$ Mn), By Thickness, 2020 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2020 – 2029
- Market Size and Forecast (US$ Mn), By End-user, 2020 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2029
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Mn), By Material, 2020 – 2029
- Market Size and Forecast (US$ Mn), By Thickness, 2020 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2020 – 2029
- Market Size and Forecast (US$ Mn), By End-user, 2020 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2029
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Mn), By Material, 2020 – 2029
- Market Size and Forecast (US$ Mn), By Thickness, 2020 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2020 – 2029
- Market Size and Forecast (US$ Mn), By End-user, 2020 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2029
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
-
- Taghleef Industries Group
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- Cortec Corporation
- Clondalkin Group
- Storopack, Inc.
- Futamura Group, Inc.
- Accredo Packaging, Inc.
- POLYNOVA Industries Inc.
- Transilwrap Co.
- Tipa Corporation
- Plastiroll Oy Ltd.
- Taghleef Industries Group
-
- The Last Word
- Future Impact
- About Us
- Contact
FAQs
The global biodegradable films market is segmented based on material, thickness, application, end-user, and region.
The agricultural sector is positively influencing the global biodegradable films market growth.
In North America and Europe, the popularity of biodegradable films is projected to gaining traction due to local governments drive toward sustainability and increased research and development activities by manufacturers.
Manufacturers in the packaging films are focusing on the development of biodegradable films offerings due to the increased demand from the end-users.