Biodegradable Films Market - Global Industry Analysis

Biodegradable Films Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2026

Category: Technology & Media Report Format : PDF Report Code: ZMR-5566 Status : Upcoming

Description

Global Biodegradable Films Market: Overview

Biodegradable films are a good alternative to commercial petroleum-based films. These are used in the making of protein, lipid materials, polysaccharides, and many others. These materials can be easily degraded with the help of oxygen, moisture, sunlight, and composting with the reduction of hydrophobic polymer and enhancement of hydrophilic properties.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Global Biodegradable Films Market: Growth Factors

The growing demand for effective greenhouse applications with increasing environmental concerns of synthetic material and its counterparts is expected to induce global biodegradable films market growth during the forecast period. The increasing population along with dwindling agriculture space due to the growing urbanization and industrialization has led the farmer to enhance productivity.

Several advantages offered by biodegradable films like increased crop yield by impeding weed growth, efficient soil moisture levels, and reduced environmental impact are anticipated to drive the demand during the forecast period.

Increasing concern over the residues of plastic mulch in the soil is expected to boost the market by increasing the penetration of these products over the forecast period. Biodegradable films facilitate several advantages of plastic mulch and eliminate its disposal & removal that could alleviate the negative impact caused on the environment.

Polyhydroxyalkanoates (PHA), starch-based plastics, and Polylactic acid (PLA) are increasingly being utilized in the food & beverage sector for packaging owing to the ease of degradability and recyclability. Moreover, with these biodegradables films, companies are using the green packaging labels as a branding strategy for customer acquisition and hence these factors will boost the market significantly during the forecast period.

The proliferation of the bioplastic sector is anticipated to boost the global biodegradable films market significantly during the forecast period.

Global Biodegradable Films Market: Segmentation

The global biodegradable films market can be segmented into raw material, crop type, application, and region.

By raw material, the market can be segmented into starch, polyhydroxyalkanoate (PHA), polylactic acid (PLA), and others. The starch segment holds hegemony over others due to the ease of availability and low cost of the starch. Thermoplastic starch (TPS) decomposes into harmless products when kept in soil. Growing environmental concerns over the conventional synthetic polymer utilized in product manufacturing have boosted the growth of the market. Moreover, the starch is used to make TPS at an elevated temperature and pressure.

Biofilms made from starch mixed with polylactic acid (PLA) are anticipated to witness huge growth during the forecast period. The development of degradable mulching film is considered to lower the labor and disposable costs for agriculture producers. The PLA mixture utilizes bio-based material and is expected to be an efficient substitute for petroleum-derived polyethylene (PE) films during the forecast period.

By crop type, the market can be segmented into fruits & vegetables, flowers & plants, and grain & oilseeds. The fruits & vegetable segment holds the largest share in the global biodegradable films market due to the perennial nature of the crop. The biodegradable films avoid rotting by preventing the contact between the fruits & soil and hence enhance the product quality.

The oil & grains segments are anticipated to witness significant growth during the forecast period.

By application type, the market can be segmented into industrial packaging, cosmetic & personal care, horticulture & agriculture, and food packaging. The horticulture & agriculture segment holds the largest market share due to the various benefits like conservation of soil moisture, reduced water evaporation, increased soil moisture, weed growth control, and many others.

Global Biodegradable Films Market: Regional analysis

Asia Pacific is projected to grow significantly in the global biodegradable films market due to rising government regulations and the ban on traditional plastic bags due to global warming. China is the leading region owing to the rapid urbanization and industrialization which results in an enhanced standard of living.

Europe is anticipated to witness exponential growth in the global biodegradable films market during the forecast period due to the growing adoption of environmental-friendly products.

Middle East Africa is emerging as the potential region in the market owing to the constant advancement coupled with horticulture techniques to increase crop yield.

Global Biodegradable Films Market: Competitive Players

Some of the significant players in the global biodegradable films market are Kingfa Sci & Tech Co. Ltd., Armando Alvarez, Novamont S.p.A., British Polythene Industries PLC, and BioBag International AS.

Global Biodegradable Films Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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FrequentlyAsked Questions

The growing demand for effective greenhouse applications with increasing environmental concerns of synthetic material and its counterparts is expected to induce market growth during the forecast period. Several advantages offered by biodegradable films like increased the yield of crop by impeding weed growth, efficient level of soil moisture, and reduced environmental impact are anticipated to drive the demand during the forecast period.

 

Some of the significant players in the global biodegradable films market are Kingfa Sci & Tech Co. Ltd., Armando Alvarez, Novamont S.p.A., British Polythene Industries PLC, and BioBag International AS.

Asia Pacific is projected to grow significantly in the global biodegradable films market due to rising government regulations and the ban on traditional plastic bags due to global warming drive the global biodegradable films market. China is the leading region owing to the rapid urbanization and industrialization which results in an enhanced standard of living.

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