The biodegradable film market is experiencing significant growth driven by the increasing demand for sustainable packaging solutions in various industries. The negative environmental impact of non-biodegradable plastic films has led to the rise of biodegradable alternatives. The agriculture and horticulture sector is a key application area for biodegradable films, with a focus on optimizing water usage. Growth opportunities, showcasing the potential for biodegradable films to transform the packaging industry.
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Data Bridge Market Research analyses that the Global 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. The increasing environmental concerns and awareness about plastic waste pollution drive the demand for biodegradable films as an eco-friendly packaging solution that can naturally break down and reduce waste accumulation in landfills and oceans.
Key Findings of the Study
The growing demand from end-use industries is expected to drive the market's growth rate
The growing demand from end-use industries is a key driver for the biodegradable film market. Industries such as food and beverage, agriculture, cosmetics, and pharmaceuticals are recognizing the importance of adopting sustainable packaging solutions to meet consumer preferences and environmental regulations. Biodegradable films offer advantages such as reduced environmental impact, recyclability, and compatibility with eco-friendly branding strategies. As a result, these industries are actively seeking biodegradable film options to enhance their product packaging, protect their products, and demonstrate their commitment to sustainability. This increasing demand from diverse end-use industries fuels the growth of the biodegradable film market.
Report Scope and Market 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 and Oilseeds, Flowers and Plants and Others), Application (Food Packaging, Agriculture and Horticulture, Cosmetic and 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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Data Points Covered in the Report
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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 depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Segment Analysis:
The biodegradable film market is segmented on the basis of type, product type, crop type and application.
- On the basis of type, global biodegradable film market is segmented into PLA, starch blends, biodegradable polyester, PHA, soy-based, cellulose-based, lignin-based and others. The biodegradable polyesters are further sub-segmented into PCL, PBAT and PBS. In 2023, the starch blends segment with a CAGR of 6.1% is dominating the global biodegradable film market because starch blends biodegradable film has good film properties that have comparatively fewer adverse environmental effects. This provides exclusive strength and stability, which helps to boost its demand in the forecast period of 2023 to 2030.
In 2023, the starch blends segment is dominating the global biodegradable film market
In 2023, the starch blends segment is dominating the global biodegradable film market with a CAGR of 6.1% owing to its versatility and eco-friendly characteristics. Starch blends are biodegradable polymers made from renewable resources like corn, potato, or tapioca starch, combined with other biodegradable materials. These films find extensive applications in packaging, agricultural films, and other industries due to their excellent biodegradability, low cost, and comparable mechanical properties to conventional plastics during the forecast period of 2023 to 2030.
- On the basis of the product type, the global biodegradable film market is segmented into oxo-biodegradable and hydro-biodegradable. Both oxo-degradable and hydro-degradable biodegradable films are further divided into PLA, starch blends, biodegradable polyester, PHA, soy-based, cellulose-based, lignin-based and others. In 2023, Oxo-biodegradable segment is dominating global biodegradable film market with a CAGR of 5.4% because Oxo-biodegradable based products are cost effective as well as easily affordable among the consumers. Along with this, oxo-biodegradable-based products can be recycled as a part of a normal plastic waste-stream, which boosts demand in the forecast year in the forecast year in the forecast period of 2023 to 2030.
- On the basis of crop type, global biodegradable film market is segmented into fruits and vegetables, grains and oilseeds, flowers and plants, and others. Each of these segments are further sub-segmented into PLA, starch blends, biodegradable polyester, PHA, soy-based, cellulose-based, and lignin-based and others. In 2023, the grains and oilseeds segment is expected to dominate the biodegradable film market with a CAGR of 6.0% because of the excellent food contact compliance and exclusive strength and stability of these biodegradable films, which boosts its demand in the forecast year in the forecast year in the forecast period of 2023 to 2030.
- On the basis of application, global biodegradable film market is segmented into Food packaging, agriculture and horticulture, cosmetic and personal care products, industrial packaging and others. Each of these segments are further sub-segmented into PLA, starch blends, biodegradable polyester, PHA, soy-based, cellulose-based, and lignin-based and others. In 2023, agriculture and horticulture segment is dominating the global biodegradable film market with a CAGR of 65.9% because biodegradable films are widely used in agriculture and horticulture application to increase water use efficiency, which helps boost its demand in the forecast year in the forecast period of 2023 to 2030.
In 2023 the agriculture and horticulture segment is dominating the global biodegradable film market.
In 2023 the agriculture & horticulture segment is dominating the global biodegradable film market with a CAGR of 5.9% owing to due to its widespread adoption in these industries for various applications. Biodegradable films are used as mulch films, greenhouse covers, and soil biodegradable films, among others. These films help enhance soil quality, conserve water, control weed growth, and protect crops, making them an essential component in modern and sustainable agricultural practices.
Major Players
Data Bridge Market Research recognizes the following companies as the major global biodegradable film market players in global 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.).
Market Developments
- In February 2020, BASF SE partnered with Fabbri Group (Italy) to develop a new cling film for fresh food packaging. Fabbri Group utilized BASF SE's certified compostable and bio-based bioplastic, Ecovio, to create the Nature Fresh stretch film. This collaboration aimed to enhance BASF SE's presence in the biodegradable films market in Italy.
- In April 2021, Walki Group acquired Plasbel, a leading sustainable packaging solutions provider in Spain. This strategic acquisition allowed Walki to expand its footprint in Europe and offer a wide range of food packaging solutions, including post-consumer recycled and compostable films for retail and hospitality industries. By focusing on circularity and recyclability, Walki aimed to strengthen its position as a prominent biofilm converter, unlocking opportunities for future growth.
- In October 2021, Walki Group acquired Rollpack, a packaging producer based in France, to enhance its presence in the region and expand its geographical footprint.
- In December 2020, BASF and BillerudKorsnäs collaborated to develop a home-compostable paper laminate for flexible packaging. This partnership aimed to create a sustainable packaging solution that offers both functionality and environmental benefits, aligning with the growing demand for eco-friendly packaging options.
- In April 2021, Eco-Corr Film introduced the first biodegradable corrosion inhibiting film with Cortec's VpCI technology. This film provides effective protection against corrosion for both ferrous and non-ferrous metals, and it can fully decompose into carbon dioxide and water in about 2-3 months in a commercial composting environment.
- In December 2019, Walki's Bioska films were recognized as one of the fastest biodegradable films on the market. The Finnish Environment Institute studied the biodegradability of various bio-based and biodegradable polymers and found that Bioska films from Walki Plastiroll exhibited rapid biodegradability.
Regional Analysis
Geographically, the countries covered in the global biodegradable film market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
As per Data Bridge Market Research analysis:
Asia-Pacific is the dominant region in the global biodegradable film market during the forecast period 2023 - 2030
Asia-Pacific dominates the biodegradable film market, with China holding the largest share. This can be attributed to the growing concerns about climate change and greenhouse gas emissions in the region. As governments and industries strive for sustainable solutions, the demand for biodegradable films has increased significantly.
North America is estimated to be the fastest growing region in global biodegradable film market the forecast period 2023 - 2030
In North America, the United States leads the biodegradable film market with the highest projected compound annual growth rate (CAGR). The availability of biodegradable films and their competitive prices have contributed to their widespread adoption in various industries. The U.S. market is driven by the increasing emphasis on environmental sustainability and regulations promoting the use of eco-friendly materials.
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