Biodegradable Films Market (Updated Version Available)
Biodegradable Films Market Size, Share & Trends Analysis, By Type (Starch Blends), By Product Type (Oxo-Biodegradable, Hydro-Biodegradable), By Application (Bags, Mulch films, Wrapping films) By End-user (Food & Beverage, Agriculture & Horticulture, Cosmetic & Personal Care Packaging), By Region and Segment, Forecast Period 2022 - 2030
Report ID : RI_673722 | Date : January 2023 |
Format : 
Key Market Overview:
Biodegradable films market size was worth USD 1.77 Billion in 2022 and is projected to reach around USD 3.02 Billion by 2030, growing at a CAGR of 6.9% during the forecast period (2022-2030).
Biodegradable films are plastic-based materials made of such molecules that are easily decomposed and result in less harmful products for the environment. These films can be made from various materials such as starch, cellulose, sugarcane, and biodegradable synthetic polyesters. They decompose naturally with the help of biological organisms such as bacteria, fungi, and algae. These plastics-based films, due to their biodegradable nature are preferred more than conventional plastic films. They have various advantageous properties due to which they find a wide variety of applications used such as they can be easily recycled, consume less energy while manufacturing, and when degraded produce the least amount of waste.
The market is growing at a significant growth rate owing to the increasing demand on a large scale from packaging industries and strict government regulations for the usage of plastic across the world. Lipids, proteins, or polysaccharides are used to make films which makes the incorporation of antimicrobial or antioxidant agents into the films.
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Market Dynamics:
Driver:
Increased usage of eco-friendly based food packaging is boosting the need for biodegradable plastics hence, serving as the key driver for the market. Along with that, the government prohibits the use of conventional plastic due to its hazardous effects on the environment. Moreover, shifting the interest of manufacturers and consumers towards biodegradable films is propelling the demand for the biodegradable films market.
Furthermore, the major key players in the bio-plastic market are boosting the production of edible food wrappers made from byproducts of shellfish and corn, thus making the products environmentally and consumer friendly.
Restraint:
The high cost of biodegradable plastics as compared to conventional plastics is hampering the demand for the biodegradable films market. Moreover, the films decompose into smaller pieces of plastic when they breakdowns. Because of this, it cannot degrade without certain conditions such as sunlight or certain specific temperatures. Additionally, the limited information about the disposal of these plastics limits the rising integration of biodegradable plastics and thereby, hinders the market growth.
Opportunities:
The increasing scope of biodegradable films in compost applications is acting as an opportunity for boosting the demand of the market. Biodegradable-based mulch films offer an environmentally sustainable alternative to conventional polyethylene (PE) mulch. Such types of films are widely used in the agricultural industry in order to specialty crop production systems because of their agronomic benefits. Furthermore, the steadily growing bioplastic industry is also one of the key opportunities for the biodegradable films market.
COVID-19 Impact:
The biodegradable films market has been significantly impacted especially during the COVID-19 pandemic. The disruptions in manpower, logistics, and supply chains coupled with material unavailability have slowed the growth of the industry during the previous year. Production facilities around the globe were shut down during the first half of the pandemic. Additionally, the post-pandemic economic crisis led to a delay in the profitable roll-out of the bio-plastic market. Hence, market suppliers faced frequent challenges as disruptions in the supply chain.
Furthermore, due to the COVID-19 outbreak and its gradual spread, sectors of essential needs such as required food, and getting supplies safely to the customers are drastically affected. Along with that, there has been a sharp reduction in demand for non-essential packaging due to the global impact. On the other hand, the need for essential packaging such as e-commerce shipment has observed massive growth coupled with facing a new set of challenges. Thus, the effect of COVID-19 on the packaging industries has been mixed due to these reasons.
Biodegradable Films Market Segmentation:
By Type
The type segment is separated into starch blends, biodegradable polyester (polycaprolactone (PCL), polybutylene adipate terephthalate (PBAT), polybutylene succinate (PBS), and others), soy-based, cellulose-based, lignin-based and others. The starch blend segment is estimated to contribute the largest revenue share to the industry growth. The starch blend is extensively used in the reduction of the carbon footprint of traditional resins thus, propelling the market growth. Along with that starch blend is a bio-based and biodegradable film that has low toxicity.
Biodegradable polyester is projected to register the fastest CAGR growth during the forecast period due to the polylactic acid (PLA) sub-segment owing to the increased demand for its application in home products, textiles, electronic appliances, hygiene products, and agriculture. Moreover, PLA is a compostable and biodegradable thermoplastic manufactured via fermentation of sugar obtained from various renewable sources, such as sugarcane, wheat, corn starch, and tapioca roots.
By Product Type
The product type segment is classified into oxo-biodegradable, hydro-biodegradable, and photo-biodegradable. The oxo-biodegradable segment is projected to contribute the largest shares in the market growth during the forecast future. These plastic films are degraded by certain cell-mediated reactions and oxidative techniques by bacteria and fungi. Oxo-biodegradable films have been certified as safe for use with all food types at high temperatures due to which they are expected to grow in the market.
Furthermore, hydro-biodegradable plastics films are also expected to show a substantial share in the market growth owing to the factor that they degrade faster than any other bio-plastics. Since they are made using renewable resources they degrade faster. However, they are far more expensive and have less strength limiting their wide adoption in the market.
By Application
The application segment is divided into bags, mulch films, wrapping films, liners, food packaging, and others. The food packaging segment contributes the largest revenue share of 48% (1.15 million tons) in the overall biodegradable films market in 2021. Sectors such food industry, e-commerce, personal care & cosmetics, and many more are finding a wide variety of applications in the packaging sector. Moreover, the shifting preferences of customers towards eco-friendly products are also encouraging manufacturers to lean towards bioplastics-based packaging.
Furthermore, mulch films are also projected to offer substantial growth over the forecasted future. The agriculture industry is the major key driver for this segment as they are widely used in specialty crop production due to their agronomic benefits. Moreover, they are a suitable alternative to traditional polyethylene.
By End-Use
The end-user segment is categorized into food & beverage, agriculture & horticulture, cosmetic & personal care packaging, industrial packaging, and others. The food & beverage sector is projected to hold the dominant share in terms of market revenue & volume. This is attributed to the inclination of customers towards bio-based plastic films from conventional plastics as a result of increasing awareness about the environment. Different products such as egg trays, edible coatings, coating for beverage cups, and many more are finding a wide variety of applications in biodegradable films.
The agriculture & horticulture segment is also estimated to augment the market over the forecasting future. The factors that mulch films are in high demand for plant cropping &growth.
By Region
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. Europe is expected to contribute the largest revenue share to the market growth. The factors such as the increased consumer awareness in terms of the consumption of biodegradable films as preventive measures coupled with the growing government regulations on the use of plastics and the large presence of major market players are estimated to accelerate the market growth in the Europe region.
The European market is estimated to witness significant growth over the coming years owing to several factors such as the presence of strict environment-friendly rules, growing environmental concerns among customers, and increasing R&D investments in the Biodegradable films industries by the public as well as private organizations. In addition, the government encouraging the decision of the EU to minimize the complete consumption of single-use plastic goods by 80% in the region by 2019 which is augmented to fuel the demand for biodegradable plastics during the forecast period.
Biodegradable Films Market Competitive Landscape:
The competitive landscape of the biodegradable films industry helps in gaining a better understanding of the latest outlook of the global market coupled with the regulatory policies of the country. The research forecast also helps in assessing the future evolution of the industry by offering measurable and qualitative insights on market valuation, development trends, and size for global market segments. The key players operating in the market include-
• Futamura Chemical Co. Ltd.
• Taghleef Industries
• BioBag Americas, Inc.
• Avery Dennison Corporation
• Plascon Group
• Bi-Ax International Inc.
• Cortec Corporation
• Polystar Plastics Ltd.
• Layfield Group
• Paco Label
• Groupe Barbier
• TRIOWORLD INDUSTRIER AB
Clondalkin Group
Biodegradable films market size was worth USD 1.77 Billion in 2022 and is projected to reach around USD 3.02 Billion by 2030, growing at a CAGR of 6.9% during the forecast period (2022-2030).
Biodegradable films are plastic-based materials made of such molecules that are easily decomposed and result in less harmful products for the environment. These films can be made from various materials such as starch, cellulose, sugarcane, and biodegradable synthetic polyesters. They decompose naturally with the help of biological organisms such as bacteria, fungi, and algae. These plastics-based films, due to their biodegradable nature are preferred more than conventional plastic films. They have various advantageous properties due to which they find a wide variety of applications used such as they can be easily recycled, consume less energy while manufacturing, and when degraded produce the least amount of waste.
The market is growing at a significant growth rate owing to the increasing demand on a large scale from packaging industries and strict government regulations for the usage of plastic across the world. Lipids, proteins, or polysaccharides are used to make films which makes the incorporation of antimicrobial or antioxidant agents into the films.
| Report Attributes | Report Details |
| Study Timeline | 2016-2030 |
| Market Size in 2030 (USD Billion) | 3.02 Billion |
| CAGR (2022-2030) | 6.9% |
| By Type | Starch Blends, Biodegradable Polyester (Polycaprolactone (PCL), Polybutylene Adipate Terephthalate (PBAT), Polybutylene Succinate (PBS) and Others), Soy-Based, Cellulose-Based, Lignin-Based and Others |
| By Product Type | Oxo-Biodegradable, and Hydro-Biodegradable |
| By Application | Bags, Mulch Films, Wrapping Films, Liners, Food Packaging, and Others |
| By End-use | Food & Beverage, Agriculture & Horticulture, Cosmetic & Personal Care Packaging, Industrial Packaging and Others |
| By Geography | Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia] Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland] North America [United States, Canada, Mexico] Middle East & Africa [GCC, North Africa, South Africa] South America [Brazil, Argentina, Columbia, Chile, Peru] |
| Key Players | Futamura Chemical Co. Ltd., Taghleef Industries, BioBag Americas, Inc., Avery Dennison Corporation, Plascon Group, Bi-Ax International Inc., Cortec Corporation, Polystar Plastics Ltd., Layfield Group, Paco Label, Groupe Barbier, TRIOWORLD INDUSTRIER AB, Clondalkin Group |
Market Dynamics:
Driver:
Increased usage of eco-friendly based food packaging is boosting the need for biodegradable plastics hence, serving as the key driver for the market. Along with that, the government prohibits the use of conventional plastic due to its hazardous effects on the environment. Moreover, shifting the interest of manufacturers and consumers towards biodegradable films is propelling the demand for the biodegradable films market.
Furthermore, the major key players in the bio-plastic market are boosting the production of edible food wrappers made from byproducts of shellfish and corn, thus making the products environmentally and consumer friendly.
Restraint:
The high cost of biodegradable plastics as compared to conventional plastics is hampering the demand for the biodegradable films market. Moreover, the films decompose into smaller pieces of plastic when they breakdowns. Because of this, it cannot degrade without certain conditions such as sunlight or certain specific temperatures. Additionally, the limited information about the disposal of these plastics limits the rising integration of biodegradable plastics and thereby, hinders the market growth.
Opportunities:
The increasing scope of biodegradable films in compost applications is acting as an opportunity for boosting the demand of the market. Biodegradable-based mulch films offer an environmentally sustainable alternative to conventional polyethylene (PE) mulch. Such types of films are widely used in the agricultural industry in order to specialty crop production systems because of their agronomic benefits. Furthermore, the steadily growing bioplastic industry is also one of the key opportunities for the biodegradable films market.
COVID-19 Impact:
The biodegradable films market has been significantly impacted especially during the COVID-19 pandemic. The disruptions in manpower, logistics, and supply chains coupled with material unavailability have slowed the growth of the industry during the previous year. Production facilities around the globe were shut down during the first half of the pandemic. Additionally, the post-pandemic economic crisis led to a delay in the profitable roll-out of the bio-plastic market. Hence, market suppliers faced frequent challenges as disruptions in the supply chain.
Furthermore, due to the COVID-19 outbreak and its gradual spread, sectors of essential needs such as required food, and getting supplies safely to the customers are drastically affected. Along with that, there has been a sharp reduction in demand for non-essential packaging due to the global impact. On the other hand, the need for essential packaging such as e-commerce shipment has observed massive growth coupled with facing a new set of challenges. Thus, the effect of COVID-19 on the packaging industries has been mixed due to these reasons.
Biodegradable Films Market Segmentation:
By Type
The type segment is separated into starch blends, biodegradable polyester (polycaprolactone (PCL), polybutylene adipate terephthalate (PBAT), polybutylene succinate (PBS), and others), soy-based, cellulose-based, lignin-based and others. The starch blend segment is estimated to contribute the largest revenue share to the industry growth. The starch blend is extensively used in the reduction of the carbon footprint of traditional resins thus, propelling the market growth. Along with that starch blend is a bio-based and biodegradable film that has low toxicity.
Biodegradable polyester is projected to register the fastest CAGR growth during the forecast period due to the polylactic acid (PLA) sub-segment owing to the increased demand for its application in home products, textiles, electronic appliances, hygiene products, and agriculture. Moreover, PLA is a compostable and biodegradable thermoplastic manufactured via fermentation of sugar obtained from various renewable sources, such as sugarcane, wheat, corn starch, and tapioca roots.
By Product Type
The product type segment is classified into oxo-biodegradable, hydro-biodegradable, and photo-biodegradable. The oxo-biodegradable segment is projected to contribute the largest shares in the market growth during the forecast future. These plastic films are degraded by certain cell-mediated reactions and oxidative techniques by bacteria and fungi. Oxo-biodegradable films have been certified as safe for use with all food types at high temperatures due to which they are expected to grow in the market.
Furthermore, hydro-biodegradable plastics films are also expected to show a substantial share in the market growth owing to the factor that they degrade faster than any other bio-plastics. Since they are made using renewable resources they degrade faster. However, they are far more expensive and have less strength limiting their wide adoption in the market.
By Application
The application segment is divided into bags, mulch films, wrapping films, liners, food packaging, and others. The food packaging segment contributes the largest revenue share of 48% (1.15 million tons) in the overall biodegradable films market in 2021. Sectors such food industry, e-commerce, personal care & cosmetics, and many more are finding a wide variety of applications in the packaging sector. Moreover, the shifting preferences of customers towards eco-friendly products are also encouraging manufacturers to lean towards bioplastics-based packaging.
Furthermore, mulch films are also projected to offer substantial growth over the forecasted future. The agriculture industry is the major key driver for this segment as they are widely used in specialty crop production due to their agronomic benefits. Moreover, they are a suitable alternative to traditional polyethylene.
By End-Use
The end-user segment is categorized into food & beverage, agriculture & horticulture, cosmetic & personal care packaging, industrial packaging, and others. The food & beverage sector is projected to hold the dominant share in terms of market revenue & volume. This is attributed to the inclination of customers towards bio-based plastic films from conventional plastics as a result of increasing awareness about the environment. Different products such as egg trays, edible coatings, coating for beverage cups, and many more are finding a wide variety of applications in biodegradable films.
The agriculture & horticulture segment is also estimated to augment the market over the forecasting future. The factors that mulch films are in high demand for plant cropping &growth.
By Region
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. Europe is expected to contribute the largest revenue share to the market growth. The factors such as the increased consumer awareness in terms of the consumption of biodegradable films as preventive measures coupled with the growing government regulations on the use of plastics and the large presence of major market players are estimated to accelerate the market growth in the Europe region.
The European market is estimated to witness significant growth over the coming years owing to several factors such as the presence of strict environment-friendly rules, growing environmental concerns among customers, and increasing R&D investments in the Biodegradable films industries by the public as well as private organizations. In addition, the government encouraging the decision of the EU to minimize the complete consumption of single-use plastic goods by 80% in the region by 2019 which is augmented to fuel the demand for biodegradable plastics during the forecast period.
Biodegradable Films Market Competitive Landscape:
The competitive landscape of the biodegradable films industry helps in gaining a better understanding of the latest outlook of the global market coupled with the regulatory policies of the country. The research forecast also helps in assessing the future evolution of the industry by offering measurable and qualitative insights on market valuation, development trends, and size for global market segments. The key players operating in the market include-
• Futamura Chemical Co. Ltd.
• Taghleef Industries
• BioBag Americas, Inc.
• Avery Dennison Corporation
• Plascon Group
• Bi-Ax International Inc.
• Cortec Corporation
• Polystar Plastics Ltd.
• Layfield Group
• Paco Label
• Groupe Barbier
• TRIOWORLD INDUSTRIER AB
Clondalkin Group
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