With the specific base year and the historic year, estimations and calculations are performed in the first class biodegradable film market report. This global report is generated based on the type, size of the organization, availability on-premises and the end-users’ organization type, and the availability in areas such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. The report focuses on major driving factors of the and the restraints which generally causes inhibition. biodegradable film market report conducts the overview with respect to general conditions, improvement, scenarios, development, cost and profit of the specified regions, position and comparative pricing between major players.
Data Bridge Market Research analyses that the biodegradable film market, valued at USD 15,251.71 million in 2022, will reach USD 23,763.94 million by 2030, growing at a CAGR of 5.7% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
With continuous technological advancements, rapid industrialization, and escalating urbanization, the global packaging industry is undergoing unprecedented changes. Plastic films can take 20-500 years to decompose into the soil, depending on the material structure and environmental factors. Plastic’s lack of biodegradability, combined with its widespread and inappropriate use, has resulted in the proliferation of biodegradable alternatives. Such is the role of biodegradable films. In 2022, agriculture and horticulture dominated the application segment of the global market owing to the escalating awareness of how to induce optimum water utilization using biodegradable films.
Global Biodegradable Film Market Scope and Market Size
The biodegradable film market is segmented on the basis of the type, product type, crop type and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- The biodegradable film market is divided into categories depending on type, including PLA, starch blends, biodegradable polyester, PHA, soy-based, cellulose-based, lignin-based, and others. Because starch blends biodegradable film has outstanding film qualities and very few negative environmental consequences, it is leading the biodegradable film market in 2021.
- On the basis of crop type, the biodegradable film market is segmented into fruits & vegetables, grains & oilseeds, flowers & plants and others. In 2021, the grains & oilseeds segment is expected to dominate the biodegradable film market because of the excellent food contact compliance and exclusive strength and stability of these biodegradable films which boosts its demand in the forecast year.
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Competitive Landscape and Biodegradable Film Market Share Analysis
The major players covered in the report are:
BASF SE, Biogeneral, Plascon Group, TAGHLEEF INDUSTRIES GROUP, Shreejistretchfilm, Polyplex, STOROPACK HANS REICHENECKER GMBH, Grafix Plastics, Profol GmbH, Walki Group Oy, BioBag Americas, Inc., AVERY DENNISON CORPORATION, Polystar Plastics Ltd, TIPA LTD, Cortec Corporation, BI-AX International Inc, Futamura Group, Trioplast Industrier AB, Poysha Packaging Private Limited, Layfield Group. Ltd., Accredo Packaging, Inc., Paco Label, Brentwood Plastics, Inc., Novamont S.p.A., PLASTIKA KRITIS S.A. among other domestic players.
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DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Many product launches and agreements are also initiated by the companies’ worldwide which are also accelerating the biodegradable film market.
