Biodegradable Films Holds Huge Potential in Reducing the Use of Plastics. Asia Pacific to Witness the Highest Growth.

Biodegradable Films Market is expected to exceed the market valuation of more than US$ 15,000 million in 2022 and is expected to grow at a significant CAGR of approximately 5% during the forecast period (2023-2030). The excessive use and disposal of plastic packaging materials have drawn increasing concerns from society because of the detrimental effect on the environment and ecosystems. Polyethylene (PE) films are the most widely used fruit packaging material and are not suitable for long-term preservation of some tropical fruits like mangoes, due to their inferior gas permeability. Using biodegradable materials like cellulose-based film are made from renewable resources which makes it a promising alternative to PE as a packaging material. Conventional plastics can take up to an estimated 1,000 years to decompose and thus biodegradable plastics are being sought after as an eco-friendly biodegradable plastics alternative. In 2020, Avery Dennison received the industry sustainability award for its label-waste recycling program for the third consecutive year. This success is anticipated to increase its reputation and sales across the nation and the continent. The market for biodegradable packaging is growing at a significant pace.

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The term bioplastics is used for two separate things: bio-based plastics (plastics made at least partly from biological matter) and biodegradable plastics (plastics that can completely be broken down by microbes in a reasonable timeframe, given specific conditions). Not all bio-based plastics are biodegradable, and not all biodegradable plastics are bio-based. These biodegradable materials come from renewable sources and can be used to reduce the problem of plastic waste which is suffocating the planet and polluting the environment. These are 100% degradable, equally resistant, and versatile, already used in agriculture, textile industry, medicine and, overall, in the container and packaging market, and biopolymers are already becoming popular in cities throughout Europe and the United States for ecological reasons and are known as PHA. China holds the largest share in the biodegradable film market due to the growing concerns about climate change and greenhouse gas emissions.

Based on Type, the Biodegradable Films market is segmented into Polylactic Acid (PLA), Starch Blends, Biodegradable Polyesters, Polyhydroxyalkanoates (PHA), Regenerated Cellulose, and Cellulose Derivatives. Biodegradable Polyesters are further sub segmented into Polycaprolactone (PCL) and Polybutylene Adipate Terephthalate (PBAT). The starch blend segment accounted for a significant market share, and it is estimated that it will grow rapidly during the projected timeframe as they are excellent biodegradable fillers for their thermal stability property and for making minimal interference with the melt-flow properties of most materials.

Based on Crop Type, the Biodegradable Films market is segmented into Flowers & Plants, Grains & Oilseeds, and Fruits & Vegetables. Amongst crop types, the Fruits and Vegetables segment accounted for a significant market share. This can be attributed to the ease of application owing to the perennial nature of crops. Additionally, the use of biodegradable agricultural films helps solve various environmental issues, such as harmful waste disposal caused by conventional plastic films. Furthermore, efforts have been taken to cultivate high-quality food crops, which provide a better yield, to cater to the rising demand due to the increased per capita consumption of food.

Based on application, the Biodegradable Films market is segmented into Food Packaging, Cosmetic & Personal Care Products Packaging, Agriculture & Horticulture, Industrial Packaging, and Other Applications. Amongst applications, the food packaging segment accounted for a significant market share. This can be attributed to the increasing demand for eco-friendly packaging solutions and the growing awareness of the harmful effects of conventional plastic packaging on the environment. Biodegradable films are used in various food packaging applications such as egg trays, edible coatings, paper boards, wrapping films, and food containers. The use of biodegradable films in food packaging helps reduce waste and pollution, making it a sustainable and environmentally friendly option. Based on end-user, the Biodegradable Films market is segmented into Retail Store and Supermarket. Amongst end-user, the supermarkets segment accounted for a significant market share. Supermarkets are major consumers of biodegradable films as they use them for packaging various products such as fruits, vegetables, and other food items. The use of biodegradable films in supermarkets helps reduce waste and pollution, making it a sustainable and environmentally friendly option. Additionally, the use of biodegradable films in supermarkets helps reduce the carbon footprint of the retail industry, which is a major contributor to environmental pollution

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Additionally, the report provides detailed initiatives that are being taken in the field of Biodegradable Films, globally. The report provides a detailed analysis of regions including North America (the U.S, Canada, and Rest of North America), Europe (Germany, France, Spain, Italy, UK, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of Asia-Pacific), and the Rest of the World. Asia Pacific will dominate the Biodegradable Films market due to the adoption of the application of various environmental regulations as well as the rising government regulations regarding the ban on conventional plastic bags and global warming initiatives, also China holds the largest share in the biodegradable film market due to the growing concerns about climate change and greenhouse gas emissions.

BASF SE, Plascon Group, Walki Group Oy, Futamura Chemical Co. Ltd., Cortec Corporation, Bi-ax International Inc., Biobag Americas, Inc., Taghleef Industries, Clondalkin Group, and Tipa Corp. Ltd. are some of the prominent players operating in the Biodegradable Films market. Several M&As along with partnerships have been undertaken by these players to make Biodegradable Films as cost-effective and as widely available as possible.

Biodegradable Films Market Segmentation

Market Insight, by Type

• Polylactic Acid (PLA)
• Starch Blends
• Biodegradable Polyesters
• Polyhydroxyalkanoates (PHA)
• Regenerated Cellulose
• Cellulose Derivatives

Market Insight, by Crop Type

• Flowers & Plants
• Grains & Oilseeds
• Fruits & Vegetables

Market Insight, by Application

• Food Packaging
• Cosmetic & Personal Care Products Packaging
• Agriculture & Horticulture
• Industrial Packaging
• Other Applications

Market Insight, by End-User

• Retail Store
• Supermarket

Market Insight, by Region

• North America
  • United States
  • Canada
  • Rest of North America
• Europe
  • France
  • Germany
  • Italy
  • Spain
  • United Kingdom
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • Australia
  • Rest of Asia-Pacific
• Rest of World

Top Company Profiles

• BASF SE
• Plascon Group
• Walki Group Oy
• Futamura Chemical Co. Ltd.
• Cortec Corporation
• Bi-ax International Inc.
• Biobag Americas, Inc.
• Taghleef Industries
• Clondalkin Group
• Tipa Corp. Ltd.