Press release
Biodegradable Films Market: Surge in Market Size, Boosted by CAGR of 7.7% and Top Market Players
Biodegradable Films Market
The Biodegradable Films Market is projected to witness impressive growth, driven by technological advancements, substantial R&D investments, and increasing emphasis on sustainable materials.
What Is The Projected Market Size Of The Global Biodegradable Films Market And Its Growth Rate?
The biodegradable films market has seen consistent growth over the years due to several factors including:
• The market size grew from $1.35 billion in 2024 to $1.45 billion in 2025 at a Compound Annual Growth Rate (CAGR) of 7.3%.
• The market is anticipated to reach $1.95 billion in 2029 at a CAGR of 7.7%, pushed by improvements in cost competitiveness, global market expansion, and expanding applications in agriculture.
What Is Driving The Growth In The Biodegradable Films Market?
The expansion of bioplastic industry globally plays a critical role in driving the growth of the biodegradable film market. Bioplastics are used in biodegradable films to replace single-use plastics due to their renewability and biodegradability. According to European Bioplastics, the global bioplastics production capacity is set to increase from around 2.18 million metric tons in 2023 to approximately 7.43 million metric tons in 2028, enhancing the growth of the biodegradable film market.
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Who Are the Key Players Driving Biodegradable Films Market Growth?
The biodegradable films market is dominated by key players which include:
• BASF SE
• Futamura Chemical Co. Ltd.
• Taghleef Industries LLC
• BioBag International AS
• Clondalkin Group
• Kingfa Sci & Tech Co. Ltd.
• Avery Dennison Corporation
• Walki Group Oy
• Bi-Ax International Inc.
What Are The Key Trends In The Biodegradable Films Market?
Key trends in the market are:
• Shift from plastic to sustainable materials
• Growing environmental concerns and regulations
• Advancements in material science
• Rising demand from the food packaging industry
• Growing focus on a circular economy
What Are The Segments Of The Global Biodegradable Films Market?
The global biodegradable films market segments include:
1) By Type: Polylactic Acid (PLA), Starch Blends, Biodegradable Polyesters, Polyhydroxyalkanoates (PHA)
2) By Application: Bags, Mulch Films, Wrapping Films, Liners
3) By End-Use: Food And Beverage, Healthcare, Personal Care And Cosmetics, Agriculture, Metal, Glass
Which Region Leads The Biodegradable Films Market?
Asia-Pacific held the largest share in the biodegradable films market in 2024 and is anticipated to be the fastest-growing region in the forecast period, followed by Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Significant growth in eco-friendly practices and waste reduction initiatives have accelerated market growth in this region.
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What Is Covered In The Biodegradable Films Market Global Market Report?
- Market Size Analysis: Analyze the Biodegradable Films Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Biodegradable Films Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Biodegradable Films Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Biodegradable Films Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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