Biodegradable Films Global Market Report 2024 - By Trends, Size, Share, Growth, Outlook By 2033

"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Biodegradable Films Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $32.22 billion In 2028 At A CAGR Of 12.8% :
The biodegradable films market size has grown strongly in recent years. It will grow from $1.27 billion in 2023 to $1.36 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to cost challenges and technological limitations, introduction of pilot projects, initial consumer education efforts, initiatives for waste reduction, rise in eco-friendly practices.

The biodegradable films market size is expected to see strong growth in the next few years. It will grow to $1.79 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to improvements in cost competitiveness, global market expansion, r&d investments, expansion in agriculture applications, global waste management concerns. Major trends in the forecast period include shift from plastic to sustainable materials, environmental concerns and regulations, advancements in material science, demand from food packaging industry, focus on circular economy.

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Biodegradable Films Market Major Segments
The biodegradable films market covered in this report is segmented -
1) By Type: Polylactic Acid (PLA) , Starch Blends, Biodegradable Polyesters, Polyhydroxyalkanoates (PHA) , Other Types
2) By Application: Bags, Mulch Films, Wrapping Films, Liners, Other Applications
3) By End-Use: Food And Beverage, Healthcare, Personal Care And Cosmetics, Agriculture, Metal, Glass, Other End-Users

Key Driver - The Bioplastics Boom Fueling A Surge In Biodegradable Film Market Growth
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. For instance, in December 2021, according to European Bioplastics (EUBP), a European-based association representing the interests of the bioplastics industry, the worldwide bioplastics manufacturing capacity is set to rise significantly from around 2.4 million tonnes in 2021 to 7.5 million tonnes in 2026. Therefore, the growing bioplastic industry worldwide is driving the growth of the biodegradable film market.

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Prominent Trend - Cutting Edge Technological Innovations Propel Growth In The Biodegradable Film Market
Technological advancements are a key trend gaining popularity in the biodegradable film market. Major companies operating in the market are using advanced technologies in their products to sustain their position in the biodegradable films market. For instance, in January 2021, a Europe-based manufacturer of biodegradable and compostable flexible films, launched Eco-Corr Biodegradable VpCI Film with Cortec's proprietary VpCI Technology. EcoCortec has developed the world's first Eco-Corr Film ESD, high-performance anti-static and corrosion-inhibiting films and bags for the electronics, telecommunications, packaging, and electric vehicle industries. Within two to three months in a professional composting setting, Eco-Corr Film will decompose into carbon dioxide and water.

Biodegradable Films Market Players
Major companies operating in the biodegradable films market report are BASF SE, Futamura Chemical Co. Ltd., Taghleef Industries LLC, BioBag International AS, Plascon Group, Avery Dennison Corporation, Walki Group Oy, Bi-Ax International Inc., Cortec Corporation, Clondalkin Group, Groupe Barbier, Kingfa Sci & Tech Co. Ltd., Tipa Corp Ltd., Novamont SpA, Sigmund Lindner GmbH, Organix AG, Armando Alvarez Group, Amtrex Nature Care Pvt Ltd., Solos Polymers Pvt. Ltd., ENVIPLAST, Xinle Huabao Medical Products Co. Ltd., Tilak Polypack Private Limited, EcoBharat, Polynova Industries Inc., Magical Film Enterprise Co. Ltd., Chintec Limited, RKW Group, Dow Chemical Company, Plastiroll Oy, Mondi Group, Innovia Films Ltd., Toray Industries Inc., Mitsubishi Chemical Corporation, NatureWorks LLC, Danimer Scientific Inc., Total Corbion PLA, Synbra Technology BV

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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the biodegradable films market share in 2023 and is expected to be the fastest-growing region in the forecast period. The regions covered in the biodegradable films market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Biodegradable Films Market Report Structure
3. Biodegradable Films Market Trends And Strategies
4. Biodegradable Films Market - Macro Economic Scenario
5. Biodegradable Films Market Size And Growth
…..
27. Biodegradable Films Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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