Global Biodegradable Films Market Assessment, By Type [PLA, Starch Blends, Biodegradable Polyesters, PHA and Others (Regenerated Cellulose, Cellulose Derivates)], By Distribution Channel [Online and Offline (Hypermarket/Supermarket, Conventional Store and Others)], By Application [Food Packaging, Agriculture and Horticulture, Cosmetic & Personal Care Products Packaging, Industrial Packaging & Others (Composting, Service Ware and Carrier Bags)], By Region, Opportunities and Forecast, 2016-2030F

Global Biodegradable Films Market was valued at USD 1.25 billion in 2022 which is estimated to be valued at USD 2.13 billion in 2030 growing at a CAGR of 7.91% during the forecast period 2023-2030. The global biodegradable films market refers to the marketplace for biodegradable films or sheets that may be destroyed by natural processes such as fungus or bacteria without leaving hazardous residue in the environment.

The demand for biodegradable films has been growing steadily in the recent years, driven by increased environmental awareness and regulations regarding plastic waste reduction. Biodegradable films offer an eco-friendly alternative to traditional plastic films that takes several years to decompose and largely contributes to pollution.

High Demand from Food Packaging Sector

Starch-based polymers such as polylactic acid (PLA) and polyhydroxyalkanoates (PHA) are increasingly being used as raw materials to create food and beverage packaging goods due to their ease of disposal, degradability, and recyclability. As a result, companies are using green packaging labelling for branding and client acquisition, meeting a growing demand for biodegradable materials in food packaging and compostable bag applications.

For example, a SeaFilm food packaging project in European Union (EU) is aiming to create an alternative too single use plastic for the conservation of frozen fish. This film is made of seaweed and edible algae which can either be dispose doff or can also be consumed along with the fish.

Preference of Consumer Towards Eco-Friendly Plastic Products

In the recent years, there has been a noticeable shift in consumer preference towards eco-friendly plastic products, including biodegradable films. This trend has been driven by growing concerns about the environmental impact of traditional plastics that contribute to the pollution in landfills and oceans.

Consumers are increasingly seeking products that are made from sustainable materials and biodegradable films offering promising alternative to traditional plastics. These films are designed to break down more quickly and completely, often within a few months or years and can be made from a variety of biodegradable materials such as plant-based polymers, cellulose, starch, and proteins.

Government Schemes

Governments around the world are becoming aware of the environmental issues associated with the traditional plastic films that have a harmful impact on the wildlife and ecosystems. As a result, many governments are now promoting the use of biodegradable films through various schemes, grants, and incentives. For example, in January 2022, the U.S. Department of Energy announced an investment if $13.4 million to reduce the plastic emissions and design new plastic solutions which are biodegradable and recyclable. The government aims to reach net zero carbon emissions in the nation by the year 2050. Also,in the U.S., the Department of Agriculture offers funding and technical assistance to support the development of biobased products, including biodegradable films made from the agricultural waste.

Impact of COVID-19

The pandemic had a substantial negative impact on the biodegradable films market. The industry's expansion over the previous year was limited by the interruptions in labour, transportation, and supply chains, as well as the lack of materials. During the initial phase of the pandemic, production facilities all around the world were shut down. Also, the launch of the bioplastics was delayed as result of the post-pandemic economic crisis. Supply chain interruptions frequently presented problems for market suppliers. However, the need for necessary packaging, such as e-commerce shipment had seen a tremendous increase.

Impact of Russia-Ukraine War

The Russia-Ukraine war had an adverse impact on the global biodegradable films market due to supply chain disruptions resulting in shortage of raw materials used in the production of biodegradable films. Russia is a major supplier of raw materials such as polyethylene, which is used in the production of biodegradable films. If the war continues, this could lead to further increase in prices of raw materials and finished products, therefore adversely impacting the market.

Global Biodegradable Films Market Assessment, Opportunities, and Forecast: Report Scope

“Global Biodegradable Films Market Assessment, Opportunities, and Forecast, 2016-2030F”," is a comprehensive report by Market Xcel, providing in-depth analysis and assessment of the current scenario of the global biodegradable films market, industry dynamics, and challenges. The report includes market size, segmental shares, growth trends, impact of COVID-19 and impact of Russia-Ukraine War, opportunities, and forecasts (2023–2030). Additionally, the report profiles the leading players in the industry, mentioning their respective market share, business model, competitive intelligence, etc.

Report Attribute	Details
Base Year for Analysis	2022
Historical Period	2016-2021
Forecast Period	2023-2030
Projected Growth Rate	CAGR of 7.91% from 2023-2030
Revenue Forecast in FY2030	USD 2.13 Billion
Units	Revenue in USD Million and Volume in Unit Thousands
Segments Covered	By Type By Distribution Channel By Application Region
Regions Covered	North America Europe Latin America Asia-Pacific Middle East & Africa
Key Companies Profiled	BASF SE, Cortec Corporation, Kingfa Sci. & Tech. Co., Ltd., Futamura Chemicals Co., Ltd, BioBag Americas, Inc., Plastchim-T, Shreeji Stretch Film Industries, Clondalkin Group Holding B.V., Tipa Corp. Ltd., Brentwood Plastics, Inc., Four Star Plastics, Inc.
Customization Scope	15% free report customization with purchase.
Pricing and Purchase Options	Avail the customized purchase options to fulfil your precise research needs.
Delivery Format	PDF and excel through email (subject to the license purchased). We can also provide the editable version of the report in PPT/PDF format on special request

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In this report, Global Biodegradable Films Market has been segmented into following categories:

1.       Global Biodegradable Films Market, By Type

1.1.    PLA

1.2.    Starch Blends

1.3.    Biodegradable Polyesters

1.4.    PHA

1.5.    Others (Regenerated Cellulose, Cellulose Derivates)

2.       Global Biodegradable Films Market, By Distribution Channel

2.1.    Online

2.2.    Offline

2.2.1.Hypermarket/Supermarket

2.2.2.Conventional Store

2.2.3.Others

3.       Global Biodegradable Films Market, By Application

3.1.    Food Packaging

3.2.    Agriculture and Horticulture

3.3.    Cosmetic & Personal Care Products Packaging

3.4.    Industrial Packaging

3.5.    Others (Composting, Service Ware and Carrier Bags)

4.       Global Biodegradable Films Market, By Region

4.1.    North America

4.2.    Europe

4.3.    Latin America

4.4.    Asia-Pacific

4.5.    Middle East & Africa

Key Player Landscape and Outlook

Major producers of biodegradable films use cutting-edge, environmentally friendly technology, specialised finishing and decorative procedures, and a range of materials to provide high-quality packaging solutions. For instance, in 2020 Fabbri Group (Italy) and BASF SE collaborated to create a new cling film specifically for packaging fresh foods. In accordance with the cooperation, BASF SE's Ecovio approved recyclable and bio-based bioplastic will be used by Fabbri Group to create the stretched film, Nature Fresh.

Key Players operating in Global Biodegradable Films Market

·         BASF SE

·         Cortec Corporation

·         Kingfa Sci. & Tech. Co., Ltd.

·         Futamura Chemicals Co., Ltd

·         BioBag Americas, Inc.

·         Plastchim-T

·         Shreeji Stretch Film Industries

·         Clondalkin Group Holding B.V.

·         Tipa Corp. Ltd.

·         Brentwood Plastics, Inc.

·         Four Star Plastics, Inc.

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