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Biodegradable Films Global Market 2023 - Industry Overview, Top Manufactures, Growth Analysis And Outlook 2032
Biodegradable Films Market
Biodegradable Films Market Size, Growth Rate, And Forecast
The global biodegradable films market size is expected to grow from $1.18 billion in 2022 to $1.27 billion in 2023 at a compound annual growth rate (CAGR) of 7.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The biodegradable films market is expected to grow to $1.64 billion in 2027 at a CAGR of 6.5%.
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Biodegradable Films Market Drivers
The growing bioplastics industry worldwide is expected to propel the growth of the biodegradable film market going forward. Bioplastic refers to a polymer that is created into a commercial product using renewable or natural resources. Bioplastics are used in biodegradable films to replace single-use plastics since they are renewable and biodegradable.
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Biodegradable Films Market Segments
• By Type: Polylactic Acid (PLA), Starch Blends, Biodegradable Polyesters, Polyhydroxyalkanoates (PHA), and Other Types
• By Application: Bags, Mulch Films, Wrapping Films, Liners, Other Applications
• By End-Use: Food And Beverage, Healthcare, Personal Care And Cosmetics, Agriculture, Metal, Glass, Other End-Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Biodegradable Films market.
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Biodegradable Films Market Key Players
Major competitors in the Biodegradable Films market include BASF SE, Futamura Chemical Co. Ltd., Taghleef Industries, BioBag Americas Inc., Plascon Group.
The Business Research Company's "Global Biodegradable Films Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Biodegradable Films Market Include:
1. Executive Summary
2. Biodegradable Films Market Characteristics
3. Biodegradable Films Market Trends And Strategies
4. Biodegradable Films Market - Macro Economic Scenario
5. Biodegradable Films Market Size And Growth
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26. Africa Biodegradable Films Market
27. Biodegradable Films Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Biodegradable Films Market
29. Biodegradable Films Market Future Outlook and Potential Analysis
30. Appendix
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