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), 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), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis, and Forecast till 2029

Report Code: PMI439820 | Publish Date: March 2024 | No. of Pages: 170

Global Biodegradable Films Market Overview

Biodegradable Films Market accounted for USD 1.2 Billion in 2020 and is estimated to be USD 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.

Global Biodegradable Films Market Drivers & Restraints

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 Segmentations & Regional Insights

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

The base year for estimation

2020

Forecast period

2020 – 2029

Market representation

Revenue in USD Billion & CAGR from 2020 – 2029

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

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

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
    • 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

Global Biodegradable Films Market Competitive Landscape & 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
  • Cortec Corporation
  • Clondalkin Group
  • Storopack, Inc.
  • Futamura Group, Inc.
  • Accredo Packaging, Inc.
  • POLYNOVA Industries Inc.
  • Transilwrap Co.
  • Tipa Corporation
  • Plastiroll Oy Ltd.

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.