Biodegradable Films Market: Current Analysis and Forecast (2021-2027)
$3999 – $6999
Emphasis on Type (Polylactic Acid (PLA), Starch Blends, Polyesters, Polyhydroxyalkanoates (PHA), and Others); End-User (Food & Beverage, Agriculture, Cosmetic & Personal Care, and Others); and Region and Country
Detailed Analysis of COVID-19 Impact on the Biodegradable Films Market
The global biodegradable films market is likely to showcase a growth of around 7% during the forecast period. Biodegradable films are plastic-based films that have additives such as enzymes that enable the plastic to break down easily. It requires specific environmental conditions such as sunlight or certain temperatures to break down and decompose completely. It can be decomposed by living organisms such as bacteria or fungi in the presence or absence of oxygen without leaving any environmental impact. When the biodegradable film breaks down, it turns into smaller pieces of plastic. These films can also be prepared by using proteins, polysaccharides, or lipid materials. Besides, manufacturers have also incorporated antimicrobial or antioxidant agents in films and these can be used as active packaging materials. These biodegradable films are edible films that have numerous advantages over conventional synthetic packaging materials.
Further, the growing use of biodegradable films in agriculture has enabled farmers to increase their crop production. The mulch films developed from biodegradable films are gaining grip in the agriculture sector across the globe owing to their properties such as temperature maintenance, speed-up ability in germination, and cultivation cycles. Additionally, non-degradable polymers are resistive to degradation and would depend on the polymer additives conditions, and others tend to gather as plastic waste which would create a serious problem in plastic waste management so it would increase the adoption of biodegradable films. Most experts and acceptable standards define a completely biodegradable polymer as a polymer that is completely converted by microorganisms such as bacteria or fungi into the water and naturally occurring gases like carbon dioxide (CO2), methane (CH4), and biomass.
Insights Presented in the Report
“Amongst type, starch blends have a prominent share in the biodegradable films market”
Based on type, the market is categorized into polylactic Acid (PLA), starch blends, polyesters, polyhydroxyalkanoates (PHA), and others. Among these, starch blends have a prominent share in the biodegradable films market as starch blends are considered excellent biodegradable fillers due to their thermal stability and for making minimal involvement with the melt-flow properties of most materials. They can be utilized to reduce the cost and accelerate the biodegradation process of composite materials.
“Amongst end-user, food & beverage has a considerable share in the biodegradable films market”
Based on end-user, the market is categorized into food & beverage, agriculture, cosmetic & personal care, and others. Among these, food & beverage has a considerable share in the biodegradable film market. The application areas of biodegradable films in the food & beverage packaging industry include egg trays, edible coating, paper boards, wrapping films, and food containers. Further, biodegradable films are used in fresh & frozen food packaging, packaging of dried snacks & candy, bakery products, water & juice bottles, meat trays, and coatings for beverages cups, cans, and bottles.
“Asia-Pacific has a considerable share in the global biodegradable films market”
For a better understanding of the market adoption of biodegradable films, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, Rest of North America), Europe (Germany, France, United Kingdom, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. Asia-Pacific has a significant share of the market and is expected to showcase substantial growth during the forecast period. This can be attributed to the rising adoption of biodegradable films across different industries, including agriculture, consumer durables, textiles, and packaging, owing to the strong environmental concerns in the region. Furthermore, the biochemicals industry of the region is increasingly focusing on the production of biochemicals to develop sustainable and eco-friendly solutions.
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- The study includes market sizing and forecasting analysis validated by authenticated key industry experts
- The report presents a quick review of overall industry performance at one glance
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
- The study comprehensively covers the market across different segments
- Deep dive country-level analysis of the industry
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|1.4.||Currency used in Report|
|2.1.||Research Process of the Biodegradable Films Market|
|2.2.||Research Methodology of the Biodegradable Films Market|
|2.5.||Main Objective of the Biodegradable Films Market Study|
|5||GLOBAL BIODEGRADABLE FILMS MARKET COVID-19 IMPACT|
|6||GLOBAL BIODEGRADABLE FILMS MARKET REVENUE (USD MN), 2019-2027F|
|7.1.||Polylactic Acid (PLA)|
|8.1.||Food & Beverage|
|8.3.||Cosmetic & Personal Care|
|9.1.||North America Biodegradable Films Market|
|9.1.3.||Rest of North America|
|9.2.||Europe Biodegradable Films Market|
|9.2.6.||Rest of Europe|
|9.3.||Asia Pacific Biodegradable Films Market|
|9.3.5.||Rest of Asia Pacific|
|9.4.||Rest of the World Biodegradable Films Market|
|11||BIODEGRADABLE FILMS MARKET OPPORTUNITIES|
|12||BIODEGRADABLE FILMS MARKET TRENDS|
|13||LEGAL & REGULATORY FRAMEWORK|
|14.1.||Demand Side Analysis|
|14.2.||Supply Side Analysis|
|14.2.1.||Top Product Launches|
|14.2.2.||Top Business Partnerships|
|14.2.3.||Top Business Expansions, Investments, and Divestitures|
|14.2.4.||Top Merger and Acquisitions|
|15||VALUE CHAIN ANALYSIS|
|16.1.||Porters Fiver Forces Analysis|
|16.1.1.||Bargaining Power of Buyer|
|16.1.2.||Bargaining Power of Supplier|
|16.1.3.||Intensity of Rivalry|
|16.1.4.||Threats of New Entrant|
|16.1.5.||Threat of Substitute|
|17.3.||Polystar Plastics Ltd.|
|17.4.||BioBag International AS|
|17.5.||Avery Dennison Corporation|
|17.7.||Berry BPI Packaging Solutions|
|17.9.||AEP Industries Inc.|
Research Methodology for Biodegradable Films Market Analysis (2019-2027)
Analyzing the historical market, estimating the current market, and forecasting the future market of biodegradable films, three major steps are undertaken to create and analyze its adoption across the globe. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the biodegradable films industry. Post assumption and validation of market numbers through primary interviews, we employed a bottom-up approach to forecast the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of biodegradable films through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the biodegradable films market, we conducted a detailed secondary analysis to gather current market insights and share for different segments & sub-segments for major regions. The major segment is included in the report by type and end-user. Further regional and country-level analyses were conducted to evaluate the overall adoption of biodegradable films globally.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of biodegradable films. Further, we conducted factor analysis using dependent and independent variables such as increasing adoption of eco-friendly products, and rising demand from the food packaging industry and agriculture sector. A thorough analysis was conducted for demand and supply-side scenarios considering an increasing investment, top partnerships, mergers and acquisitions, business expansion, and product launches in the biodegradable films industry.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global biodegradable films market, and market shares of each segment. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the bottom-up approach were applied to arrive at the market forecast to 2027 for different segments and subsegments across the major regions globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of value (US$) and the adoption rate of biodegradable films across the major markets
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the biodegradable films market. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants by Stakeholders and Regions
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global biodegradable films market. Data was split into several segments & sub-segments post studying various parameters and trends in the area of type and end-user.
The main objective of the biodegradable films market study
The current & future market trends of global biodegradable films were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends would determine the overall attractiveness of the market at a country level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of biodegradable films in terms of value (US$). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include the area of type and end-user
- Defined analysis of the regulatory framework for the biodegradable films industry
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
- Analyze the current and forecast market size of biodegradable films for the major countries
- Major regions/countries analyzed in the report include North America (United States, Canada, Rest of North America), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of Asia-Pacific), and Rest of World
- Company profiles of the biodegradable films market players and the growth strategies adopted by them to sustain the growing market
Deep dive country-level analysis of the industry