Report Id: SNS/C&M/1454 | May 2022 | Region: Global | 125 Pages
Report Scope & Overview:
Biodegradable films Market Size was valued at USD 1.2 billion in 2021 and is expected to reach USD 1.78 billion by 2028, and grow at a CAGR of 7.1% over the forecast period 2022-2028. Plastics that are decomposed by microorganisms into carbon dioxide (or methane), biomass under certain conditions, and water are referred to as biodegradable films. These films can be used with other similar fillers such as waste paper, wood flour, and lime, and come in a variety of granulation sizes and colors to alter the material's outward appearance. Biodegradable films remove the need for removal and disposal while reducing negative environmental effects and can give plastic mulch benefits.
High demand from the food packaging industry.
Increase the cost of biodegradable films.
Continuously growing bioplastic industry worldwide.
low resistance to heat.
Low fence properties to air, water, and oxygen.
Impact of COVID-19:
Agriculture and horticulture, as well as food packaging, are the key application segments of biodegradable films. The global epidemic of COVID-19 in 2020 is expected to reduce the demand for biodegradable films. The food company, on the other hand, has continued to operate, thus the impact on the biodegradable film market is projected to be minor. Due to supply chain disruption, the worldwide impact of the COVID-19 outbreak on demand for biodegradable films in the agriculture industry is expected to be minor.
BASF SE, Taghleef Industries, Kingfa Sci. & Tech. Co., Ltd., BioBag Americas, Inc., Avery Dennison Corporation, Bi-Ax International Inc., Cortec Corporation, Clondalkin Group, Paco Label, Layfield Group, and Polystar Plastics Ltd., Futamura Chemical Co. Ltd., Walki Group Oy, Plascon Group, Groupe Barbier, TRIOWORLD INDUSTRIER AB, and Others.
PLA is expected to be the largest section of the biodegradable films market by type in 2021. Because it has no detrimental impact on food pricing or supply, it is widely employed in the packaging sector. Thermoformed goods, including as drink cups, takeaway food trays, containers, and planter boxes, are among PLA's most common uses. It has a high stiffness and can be used to replace polystyrene and PET in certain applications.PLA is swiftly gaining popularity due to its lower production costs than other biodegradable polymers.
The fastest-growing use of biodegradable films is predicted to be food packaging. In the food packaging sector, biodegradable films are often used for egg trays, edible coatings, paper boards, wrapping films and food containers. PLA, PBS, PHA, starch blends,and cellulose are major used biodegradable films in the food packaging industry. Due to the demand for more sustainable packaging materials for fast food and ready-to-eat goods, biodegradable films are becoming more popular in food packaging.
Agriculture & Horticulture
Cosmetic & Personal Care Products Packaging
Because of local governments' push toward sustainability and manufacturers' enhanced research and development activities, biodegradable films are projected to gain traction in North America and Europe. In the future decade, the prohibition on plastic and consumer acceptance of biodegradable packaging choices are projected to accelerate the growth of the biodegradable film market.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2021||US$ 1.2 Billion|
|Market Size by 2028||US$ 1.78 Billion|
|CAGR||CAGR of 7.1% From 2022 to 2028|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• By Application (Food Packaging, Agriculture & Horticulture, Cosmetic & Personal Care Products Packaging, Industrial Packaging, Others)
• By type (PLA, Starch Blends, Biodegradable Polyesters, PHA,Others)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||BASF SE, Taghleef Industries, Kingfa Sci. & Tech. Co., Ltd., BioBag Americas, Inc., Avery Dennison Corporation, Bi-Ax International Inc., Cortec Corporation, Clondalkin Group, Paco Label|
|Key Drivers||• High demand from the food packaging industry.|
|RESTRAINTS||• Increase the cost of biodegradable films.|
Frequently Asked Questions (FAQ) :
Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.
Ans: Food Packaging, Agriculture & Horticulture, Cosmetic & Personal Care Products Packaging, Industrial Packaging, Others are the sub-segments of by Application segment
Ans: BASF SE (Germany), Taghleef Industries (UAE), Kingfa Sci. & Tech. Co., Ltd. (China), BioBag Americas, Inc. (US), Avery Dennison Corporation (US), Bi-Ax International Inc. (Canada), Cortec Corporation (US), Clondalkin Group (Netherlands), Paco Label (US), Layfield Group (Canada), and Polystar Plastics Ltd. (UK, Futamura Chemical Co. Ltd. (Japan), Walki Group Oy (Finland), Plascon Group (US), Groupe Barbier (France), TRIOWORLD INDUSTRIER AB (Sweden)
Ans: Agriculture and horticulture, as well as food packaging, are the key application segments of biodegradable films. The global epidemic of COVID-19 in 2020 is expected to reduce demand for biodegradable films. Due to supply chain disruption, the worldwide impact of the COVID-19 outbreak on demand for biodegradable films in the agriculture industry is expected to be minor.
Ans: Biodegradable films Market Size grow at a CAGR of 7.1% over the forecast period 2022-2028.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID 19 Impact Analysis
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global Biodegradable films Market segment, By Application
8.1 Food Packaging
8.2 Agriculture & Horticulture
8.3 Cosmetic & Personal Care Products Packaging
8.4 Industrial Packaging
9. Global Biodegradable films Market segment, By type
9.2 Starch Blends
9.3 Biodegradable Polyesters
10. Regional Analysis
10.2 North America
10.3.6 The Netherlands
10.3.7 Rest of Europe
10.4.2 South Korea
10.4.6 Rest of Asia-Pacific
10.5 The Middle East & Africa
10.5.3 South Africa
10.6 Latin America
10.6.3 Rest of Latin America
11. Company Profiles
11.1 BASF SE
11.1.2 Products/ Services Offered
11.1.3 SWOT Analysis
11.1.4 The SNS view
11.2 Taghleef Industries
11.3 Kingfa Sci. & Tech. Co., Ltd.
11.4 BioBag Americas, Inc.
11.5 Avery Dennison Corporation
11.6 Bi-Ax International Inc.
11.7 Cortec Corporation
11.8 Clondalkin Group
11.9 Paco Label
11.10 Layfield Group
11.10 Polystar Plastics Ltd. (UK)
11.11 Futamura Chemical Co. Ltd.
11.13 Walki Group Oy
11.14 Plascon Group
11.15 Groupe Barbier
11.16 TRIOWORLD INDUSTRIER AB
12. Competitive Landscape
12.1 Competitive Benchmark
12.2 Market Share analysis
12.3 Recent Developments
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