The global biodegradable film market was valued at $1.1 billion in 2022, and is projected to reach $2.3 billion by 2032, growing at a CAGR of 7.4% from 2023 to 2032.
Biodegradable film refers to a type of thin material that breaks down naturally into harmless components when exposed to environmental conditions, such as moisture, sunlight, and microorganisms. Unlike traditional plastic films made from non-renewable resources such as petroleum, biodegradable films are typically derived from renewable sources like plant-based materials (e.g., corn, potato, sugarcane, etc.) or other biopolymers.
The world's population continues to increase, leading to greater demand for food and agricultural products. The agriculture industry plays a crucial role in meeting the surge in food needs of a larger global population. In addition, there is a rise in emphasis on sustainable agricultural practices to minimize environmental impact on conservation resources and improve long-term productivity. Sustainable farming practices, including organic farming and regenerative agriculture, have gained popularity among consumers. Biodegradable films find increasing use in agriculture for mulching, which helps conserve water, control weeds, and improve soil quality. The agricultural sector's adoption of biodegradable films has contributed to market growth. These factors are expected to drive the market growth in the agriculture industry during the forecast period.
Biodegradable films have a shorter shelf life compared to traditional plastics. They are more susceptible to moisture and temperature changes, which impact their mechanical properties and lead to a reduced product lifespan. Biodegradable films are more expensive to produce than conventional plastics. The cost of raw materials and production processes is higher, which sometimes translate to higher product prices for consumers. This factor is expected to hamper market growth during the forecast period.
Advancements in material technology have a profound impact on various industries, ranging from electronics, aerospace, and healthcare. These advancements have enabled the development of more efficient, durable, and innovative products in the biodegradable films market. Furthermore, ongoing research and development efforts are continuously improving the properties and performance of biodegradable materials. Innovations in material technology are likely to lead to new formulations with enhanced strength, barrier properties, and compost ability, opening up new opportunities for biodegradable films in diverse applications. This factor is projected to offer new avenues for the biodegradable market.
The biodegradable films market is segmented on the basis of raw material, the market is categorized into polylactic acid (PLA), biodegradable starch, polyhydroxyalkanoates (PHA), and others. On the basis of application, it is divided into food packaging, agriculture mulching, pharmaceutical packaging, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the biodegradable film market analysis from 2022 to 2032 to identify the prevailing biodegradable film market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the biodegradable film market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global biodegradable film market trends, key players, market segments, application areas, and market growth strategies.
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- Consumer Buying Behavior Analysis
- Investment Opportunities
- Product Life Cycles
- Go To Market Strategy
- Regulatory Guidelines
- Expanded list for Company Profiles
- SWOT Analysis
- Volume Market Size and Forecast
Key Market Segments
By Raw Material
- Polyhydroxyalkanoates (PHA)
- Others
- Polylactic Acid (PLA)
- Biodegradable Starch
By Application
- Food Packaging
- Agriculture Mulching
- Pharmaceutical Packaging
- Others
By Region
- North America
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players:
- SOLOS POLYMERS PVT. LTD
- ENVIPLAST
- Tilak Polypack Private Limited
- EcoBharat
- POLYNOVA Industries Inc
- Amtrex Nature Care Pvt Ltd
- Magical Film Enterprise Co., Ltd
- Plascon Group
- Xinle Huabao Medical Products Co., Ltd
- Suprabha
TABLE OF CONTENTS
CHAPTER 1: INTRODUCTION
- 1.1. Report description
- 1.2. Key market segments
- 1.3. Key benefits to the stakeholders
- 1.4. Research Methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
- 3.1. Market definition and scope
- 3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
- 3.3. Porter's five forces analysis
- 3.3.1. High bargaining power of suppliers
- 3.3.2. Moderate threat of new entrants
- 3.3.3. High threat of substitutes
- 3.3.4. Moderate intensity of rivalry
- 3.3.5. High bargaining power of buyers
- 3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.1.1. Increase in penetration of biodegradable films components in agriculture industry
- 3.4.1.2. Rise in awareness about sustainable packaging solutions
- 3.4.2. Restraints
- 3.4.2.1. High-cost production and limited shelf life
- 3.4.3. Opportunities
- 3.4.3.1. Advancements in material technology is expected to offer opportunity for biodegradable films market
- 3.5. Value Chain Analysis
- 3.6. Pricing Analysis
- 3.7. Key Regulation Analysis
- 3.8. Patent Landscape
CHAPTER 4: BIODEGRADABLE FILM MARKET, BY RAW MATERIAL
- 4.1. Overview
- 4.1.1. Market size and forecast
- 4.2. Polylactic Acid (PLA)
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
- 4.3. Biodegradable Starch
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
- 4.4. Polyhydroxyalkanoates (PHA)
- 4.4.1. Key market trends, growth factors and opportunities
- 4.4.2. Market size and forecast, by region
- 4.4.3. Market share analysis by country
- 4.5. Others
- 4.5.1. Key market trends, growth factors and opportunities
- 4.5.2. Market size and forecast, by region
- 4.5.3. Market share analysis by country
CHAPTER 5: BIODEGRADABLE FILM MARKET, BY APPLICATION
- 5.1. Overview
- 5.1.1. Market size and forecast
- 5.2. Food Packaging
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
- 5.3. Agriculture Mulching
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
- 5.4. Pharmaceutical Packaging
- 5.4.1. Key market trends, growth factors and opportunities
- 5.4.2. Market size and forecast, by region
- 5.4.3. Market share analysis by country
- 5.5. Others
- 5.5.1. Key market trends, growth factors and opportunities
- 5.5.2. Market size and forecast, by region
- 5.5.3. Market share analysis by country
CHAPTER 6: BIODEGRADABLE FILM MARKET, BY REGION
- 6.1. Overview
- 6.1.1. Market size and forecast By Region
- 6.2. North America
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by Raw Material
- 6.2.3. Market size and forecast, by Application
- 6.2.4. Market size and forecast, by country
- 6.2.4.1. U.S.
- 6.2.4.1.1. Market size and forecast, by Raw Material
- 6.2.4.1.2. Market size and forecast, by Application
- 6.2.4.2. Canada
- 6.2.4.2.1. Market size and forecast, by Raw Material
- 6.2.4.2.2. Market size and forecast, by Application
- 6.2.4.3. Mexico
- 6.2.4.3.1. Market size and forecast, by Raw Material
- 6.2.4.3.2. Market size and forecast, by Application
- 6.3. Europe
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by Raw Material
- 6.3.3. Market size and forecast, by Application
- 6.3.4. Market size and forecast, by country
- 6.3.4.1. Germany
- 6.3.4.1.1. Market size and forecast, by Raw Material
- 6.3.4.1.2. Market size and forecast, by Application
- 6.3.4.2. UK
- 6.3.4.2.1. Market size and forecast, by Raw Material
- 6.3.4.2.2. Market size and forecast, by Application
- 6.3.4.3. France
- 6.3.4.3.1. Market size and forecast, by Raw Material
- 6.3.4.3.2. Market size and forecast, by Application
- 6.3.4.4. Italy
- 6.3.4.4.1. Market size and forecast, by Raw Material
- 6.3.4.4.2. Market size and forecast, by Application
- 6.3.4.5. Spain
- 6.3.4.5.1. Market size and forecast, by Raw Material
- 6.3.4.5.2. Market size and forecast, by Application
- 6.3.4.6. Rest of Europe
- 6.3.4.6.1. Market size and forecast, by Raw Material
- 6.3.4.6.2. Market size and forecast, by Application
- 6.4. Asia-Pacific
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by Raw Material
- 6.4.3. Market size and forecast, by Application
- 6.4.4. Market size and forecast, by country
- 6.4.4.1. China
- 6.4.4.1.1. Market size and forecast, by Raw Material
- 6.4.4.1.2. Market size and forecast, by Application
- 6.4.4.2. Japan
- 6.4.4.2.1. Market size and forecast, by Raw Material
- 6.4.4.2.2. Market size and forecast, by Application
- 6.4.4.3. India
- 6.4.4.3.1. Market size and forecast, by Raw Material
- 6.4.4.3.2. Market size and forecast, by Application
- 6.4.4.4. South Korea
- 6.4.4.4.1. Market size and forecast, by Raw Material
- 6.4.4.4.2. Market size and forecast, by Application
- 6.4.4.5. Australia
- 6.4.4.5.1. Market size and forecast, by Raw Material
- 6.4.4.5.2. Market size and forecast, by Application
- 6.4.4.6. Rest of Asia-Pacific
- 6.4.4.6.1. Market size and forecast, by Raw Material
- 6.4.4.6.2. Market size and forecast, by Application
- 6.5. LAMEA
- 6.5.1. Key market trends, growth factors and opportunities
- 6.5.2. Market size and forecast, by Raw Material
- 6.5.3. Market size and forecast, by Application
- 6.5.4. Market size and forecast, by country
- 6.5.4.1. Brazil
- 6.5.4.1.1. Market size and forecast, by Raw Material
- 6.5.4.1.2. Market size and forecast, by Application
- 6.5.4.2. Saudi Arabia
- 6.5.4.2.1. Market size and forecast, by Raw Material
- 6.5.4.2.2. Market size and forecast, by Application
- 6.5.4.3. South Africa
- 6.5.4.3.1. Market size and forecast, by Raw Material
- 6.5.4.3.2. Market size and forecast, by Application
- 6.5.4.4. Rest of LAMEA
- 6.5.4.4.1. Market size and forecast, by Raw Material
- 6.5.4.4.2. Market size and forecast, by Application
CHAPTER 7: COMPETITIVE LANDSCAPE
- 7.1. Introduction
- 7.2. Top winning strategies
- 7.3. Product Mapping of Top 10 Player
- 7.4. Competitive Dashboard
- 7.5. Competitive Heatmap
- 7.6. Top player positioning, 2022
CHAPTER 8: COMPANY PROFILES
- 8.1. Amtrex Nature Care Pvt Ltd
- 8.1.1. Company overview
- 8.1.2. Key Executives
- 8.1.3. Company snapshot
- 8.1.4. Operating business segments
- 8.1.5. Product portfolio
- 8.2. SOLOS POLYMERS PVT. LTD
- 8.2.1. Company overview
- 8.2.2. Key Executives
- 8.2.3. Company snapshot
- 8.2.4. Operating business segments
- 8.2.5. Product portfolio
- 8.3. Plascon Group
- 8.3.1. Company overview
- 8.3.2. Key Executives
- 8.3.3. Company snapshot
- 8.3.4. Operating business segments
- 8.3.5. Product portfolio
- 8.3.6. Key strategic moves and developments
- 8.4. ENVIPLAST
- 8.4.1. Company overview
- 8.4.2. Key Executives
- 8.4.3. Company snapshot
- 8.4.4. Operating business segments
- 8.4.5. Product portfolio
- 8.5. Xinle Huabao Medical Products Co., Ltd
- 8.5.1. Company overview
- 8.5.2. Key Executives
- 8.5.3. Company snapshot
- 8.5.4. Operating business segments
- 8.5.5. Product portfolio
- 8.6. Tilak Polypack Private Limited
- 8.6.1. Company overview
- 8.6.2. Key Executives
- 8.6.3. Company snapshot
- 8.6.4. Operating business segments
- 8.6.5. Product portfolio
- 8.7. EcoBharat
- 8.7.1. Company overview
- 8.7.2. Key Executives
- 8.7.3. Company snapshot
- 8.7.4. Operating business segments
- 8.7.5. Product portfolio
- 8.8. POLYNOVA Industries Inc
- 8.8.1. Company overview
- 8.8.2. Key Executives
- 8.8.3. Company snapshot
- 8.8.4. Operating business segments
- 8.8.5. Product portfolio
- 8.9. Magical Film Enterprise Co., Ltd
- 8.9.1. Company overview
- 8.9.2. Key Executives
- 8.9.3. Company snapshot
- 8.9.4. Operating business segments
- 8.9.5. Product portfolio
- 8.10. Suprabha
- 8.10.1. Company overview
- 8.10.2. Key Executives
- 8.10.3. Company snapshot
- 8.10.4. Operating business segments
- 8.10.5. Product portfolio