Global Biodegradable Film Market, By Material (Bio-LDPE, Bio-HDPE, and Bio-based PLA), Thickness (Up-to 1mm, 2 – 4mm, and Above 4mm), Type (PLA, Starch Blends, Biodegradable Polyester, PHA, PBS, Soy-Based, Cellulose-Based, Lignin-Based, and Others), Product Type (Oxo-Biodegradable and Hydro-Biodegradable), Crop Type (Fruits and Vegetables, Grains and Oilseeds, Flowers and Plants and Others), Application (Food Packaging, Agriculture and Horticulture, Cosmetic and Personal Care Products, Industrial Packaging, and Others)– Industry Trends and Forecast to 2031.
Biodegradable Film Market Analysis and Size
The biodegradable film market is witnessing a surge in innovative applications such as food packaging, agriculture, and pharmaceuticals. A novel method integrating nanotechnology promises enhanced biodegradability and performance, offering eco-friendly solutions to combat plastic pollution. This evolution signals a sustainable shift in packaging and environmental conservation efforts.
Data Bridge Market Research analyses that the global biodegradable film market, which was USD 16.12 billion in 2023, is expected to reach USD 25.12 billion by 2031, growing at a CAGR of 5.7% during the forecast period of 2024 to 2031. 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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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016 - 2021)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Material (Bio-LDPE, Bio-HDPE, and Bio-based PLA), Thickness (Up-to 1mm, 2 – 4mm, and Above 4mm), Type (PLA, Starch Blends, Biodegradable Polyester, PHA, PBS, Soy-Based, Cellulose-Based, Lignin-Based, and Others), Product Type (Oxo-Biodegradable and Hydro-Biodegradable), Crop Type (Fruits and 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, U.A.E., 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 (U.A.E), 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.), Cortec Corporation (U.S.), Futamura Chemicals Co., Ltd (Japan), Tipa Corp. Ltd. (Israel), Brentwood Plastics, Inc. (U.S.)
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Market Opportunities
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Market Definition
Biodegradable film is a type of packaging material that decomposes naturally over time, typically made from renewable resources such as plant-based polymers. It offers an eco-friendly alternative to traditional plastics, reducing environmental impact by breaking down into harmless substances without leaving behind harmful residues or microplastics.
Biodegradable Film Market Dynamics
Drivers
- Increasing Consumer Preferences
Changing consumer preferences for eco-friendly products have propelled companies to embrace biodegradable films for packaging. This shift reflects a growing demand for sustainable alternatives to conventional plastics. Companies are responding by integrating biodegradable films into their packaging solutions as consumers prioritize environmental considerations, driving market expansion and fostering a greener future.
- Growing Concerns About Waste Management
Biodegradable films alleviate waste management challenges linked to conventional plastics by naturally decomposing, mitigating concerns about landfill capacity and marine pollution. Their eco-friendly properties contribute to a sustainable solution, aligning with global efforts to reduce environmental impact and create a more responsible approach to packaging materials.
Opportunities
- Expansion of End-use Industries
The growing food packaging, agriculture, and pharmaceutical sectors, among others, are driving the demand for biodegradable films as an eco-conscious packaging alternative. This expansion reflects a growing recognition of the need for sustainable solutions, with biodegradable films offering environmentally friendly packaging options to meet the evolving needs of these industries.
- Growing Corporate Sustainability Initiatives
Many companies are integrating sustainability goals into their strategies, adopting biodegradable films to shrink their carbon footprint and bolster their corporate image. This shift aligns with growing consumer demand for eco-friendly products and reinforces brands as environmentally responsible, enhancing their reputation and competitive edge in the market.
Restraints/Challenges
- High Costs of Biodegradable Film
High production costs hinder the biodegradable film market's growth, with prices ranging from 20% to 80% higher than traditional plastic films. Limited economies of scale in polymerization technologies contribute to these elevated costs. This poses a significant barrier to widespread adoption, particularly for industries operating on tight profit margins.
- Limited Material Options
The biodegradable film market faces constraints due to a restricted selection of materials compared to traditional plastics. This limitation curtails product versatility and functionality, hindering adoption across various industries. Diversification in material options is crucial for expanding applications and driving broader acceptance of biodegradable films in the market.
This global 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 global 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.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Developments
- In 2023, BASF launched plans for an ecovio compounding capacity in Shanghai, China, signaling a strategic move into the biodegradable film market. Initial offerings include film grades tailored for compostable retail, soil-biodegradable agricultural mulch films, and organic garbage bags, targeting environmentally conscious consumers
- In 2021, Walki Group's acquisition of French packaging producer Rollpack strengthened its presence in the biodegradable film market, expanding its geographical reach and product portfolio to meet the growing demand for sustainable packaging solutions
- In 2020, BASF collaborated with BillerudKorsnäs to pioneer a home-compostable paper laminate, advancing the biodegradable film market by offering eco-friendly alternatives for flexible packaging, aligning with increasing consumer preferences for sustainable materials
- In 2020, Avery Dennison's receipt of the industry sustainability award for its label-waste recycling program highlights its commitment to environmental responsibility, enhancing its standing in the biodegradable film market and driving sales growth nationally and continentally
Biodegradable Film Market Scope
The global biodegradable film market is segmented on the basis of material, thickness, type, product type, crop type, and application. The growth amongst these segments will help you analyze 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.
Material
- Bio-LDPE
- Bio-HDPE
- Bio-based PLA
Thickness
- Up-to 1mm
- 2 – 4mm
- Above 4mm
Type
- PLA
- Starch Blends
- Biodegradable Polyester
- PHA
- PBS
- Soy-Based
- Cellulose-Based
- Lignin-Based
- Others
Product Type
- Oxo-Biodegradable
- Hydro-Biodegradable
Crop Type
- Fruits and Vegetables
- Grains and Oilseeds
- Flowers and Plants
- Others
Application
- Food Packaging
- Agriculture and Horticulture
- Cosmetic and Personal Care Products
- Industrial Packaging
- Others
Biodegradable Film Market Regional Analysis/Insights
The global biodegradable film market is analysed and market size insights and trends are provided by country, material, thickness, type, product type, crop type, and application as referenced above.
The countries covered in the 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, and Rest of Middle East and Africa
Asia-Pacific is expected to dominate the market, led by China, which boasts the largest share. Heightened awareness of climate change and greenhouse gas emissions propels the region's demand for eco-friendly solutions, driving innovation and adoption of biodegradable films for sustainable packaging practices.
North America is expected to grow with the highest CAGR in the market. With its easy availability and competitive prices, the U.S. leads the region, driving growth through its robust market demand and adoption of eco-friendly alternatives.
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 such as 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 global 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 global biodegradable film market.
Some of the major players operating in the global biodegradable film market are:
- BASF SE (Germany)
- Biogeneral (U.S.)
- Taghleef Industries (U.A.E)
- 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.)
- Cortec Corporation (U.S.)
- Futamura Chemicals Co., Ltd (Japan)
- Tipa Corp. Ltd. (Israel)
- Brentwood Plastics, Inc. (U.S.)
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