The demand for Biodegradable Films is witnessing an uptick on account of increased environmental concerns and use of sustainability. The Biodegradable Films market is expected to grow with a significant CAGR in the coming years. The excessive use and disposal of plastic packaging materials have drawn increasing concerns from the society because of the detrimental effect on environment and ecosystems. Polyethylene (PE) films are most widely used fruit packaging material and is not suitable for long-term preservation of some tropical fruits like mangoes, due to its inferior gas permeability. Using biodegradable material like cellulose based film are made from renewable resources which makes it a promising alternative to PE as a packaging material. The market of biodegradable packaging is growing at a significant pace. In 2019, the biodegradable plastic packaging market cost nearly US$ 4.7 billion. 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.

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Biodegradable films are degraded naturally by the influence of natural parameters like moisture, microbes, oxygen and sunlight. Such films were invented to eliminate threats such as atmospheric pollution and landfill generations which are caused be non-biodegradable plastic films. Biodegradable films are mainly manufactured by the chemical replacement of carbon chains in the materials that are being used to manufacture plastic films so the degradation process happens faster than in the case of normal plastics. Environmental awareness and their long-term availability are boosting the demand of biodegradable films. According to a research, approximately 100-200 million tons of plastic is present is oceans, with 8 million tons entering the water every year. Additionally, the slowly decreasing prices of biodegradable films are also increasing their popularity. However, the cost of plastic films is comparatively way lower which is hampering the demand of biodegradable films. Another challenge with biodegradable films is their inability to degrade when certain environmental conditions are not met.

With the advent of the coronavirus pandemic the usage of plastic surgical masks and PPE kits has increased tremendously. This increases the need of biodegradable films to reduce pollution. The global production of plastic increased from 1.5 million metric tons in 1950 to nearly 350 million metric tons in 2017, most of which is disposed in the landfill as waste and produce 2.8 billion tons of greenhouse gas per year. This consumption needs to be reduced and the easiest way to do that is by increasing the use of biodegradable films made from natural materials like chitin and lignin. This is already being done by a few companies around the world to produce biodegradable goods and surgical and beauty masks. This is an important initiative to promote the clean energy revolution which is much needed around the world.

According to ‘UnivDatos Market Insights (UMI)’ research report “Biodegradable Films Market Analysis, 2021”, the Biodegradable Films market is projected to grow at a CAGR of approximately 7% during 2021-27F. Growth in awareness about eco-friendly and sustainability is one of the prominent reasons which is driving the market of the Biodegradable Films. For Instance: These are 100% degradable, equally resistant and versatile, already used in agriculture, textile industry, medicine and, over all, 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. They also expected PLA to have about a 40% share of the bioplastics market in 2018.

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Based on the Type, the market is fragmented into Polylactic Acid (PLA), Starch Blends, Biodegradable Polyesters, Polyhydroxyalkanoates (PHA), Regenerated Cellulose, and Cellulose Derivatives. Biodegradable Polyesters segment accounted for the largest share in 2020 and is anticipated to register a lucrative CAGR during the forecast period. The anticipates income from biopolymers according to research will witness a CAGR of 18.6% by 2021. The three main considerations which characterize the development of bio-plastic industry are increased advertisements, government commands and specialized development.

Fruits & Vegetables Segment to Witness Robust growth

Based on Crop Type, the market is fragmented into L Flowers & Plants, Grains & Oilseeds, and Fruits & Vegetables. Fruits & Vegetables segment had the highest revenue and CAGR growth in the analyzed period. The increased use of natural biodegradable polymers in preserving foods is the consequence of increasing concern about sustainability. Starch stands out amongst the natural polymers because of its worldwide availability, high extraction yield and high nutritional value. 

Based on the Application, the market is fragmented into Food Packaging, Cosmetic & Personal Care Products Packaging, Agriculture & Horticulture, Industrial Packaging, and Other Applications segment accounted for the largest share in 2020 and is anticipated to register a lucrative CAGR during the forecast period. Approximately 2% of the GDP in South Africa is contributed by the packaging industry. In 2020 the forecasted demand of the packaging industry was expected to reach 1 million tons per year. The packaging material is considered as the major component in the sustainable development which relates to sustainable consumption and production. 

Supermarket Segment to Witness Robust growth

Based on End-User, the market is fragmented into Retail Store and Supermarket. Supermarket segment had the highest revenue and CAGR growth in the analyzed period. Supermarket owners have been making big changes to their packaging policies in the past years. The agenda of plastics moved up in the agenda for businesses at the end of 2010s. Reusable schemes are also becoming more prevalent in the UK based Waitrose and the France’s Carrefore chains, both testing their own systems.

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Asia Pacific to Grab Lion’s Share, and witnessed Explicit Growth

Based on the Region, Asia Pacific dominated the Biodegradable Films market in 2020. The region is projected to maintain its dominance during the forecasted period 2021-27 owing to the increasing sustainability. For example, the annual savings of about US$ 2.72 billion (€ 2.35 billion) of eco-cost, which is equivalent to 56% of the global plastic waste trade value in 2017. Asia Pacific is expected to grow with a CAGR of X% in the forecast period owing, as stated in UnivDatos Market Insights (UMI)’ research report “Biodegradable Films Market Analysis, 2021”. 

According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the Biodegradable Films Market are 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. among others. The players are focused on launching new products for gaining customers' traction and expanding their geographical reach to get a competitive edge in the industry.

  • In September 2021, BASF has introduced Care Creations on the Road, a new mobile concept for BASF personal care technical, marketing and sales experts, to safely interact and engage with customers. Small teams of BASF experts host exclusive outdoor events where customers can try sample kits, participate in live demonstrations, ask questions and discuss new trends and industry topics.
  • In May 2019, Walki Group has signed a definitive purchase agreement to acquire 100 % of the shares of Plastiroll Oy, the Finnish sustainable packaging material producer.

“Biodegradable Films Market Analysis, 2021” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for Biodegradable Films providers across the Globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of go to Market Strategies and identifying the blue ocean for its offerings.

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Market Segmentation:

  1. By Type (Polylactic Acid (PLA), Starch Blends, Biodegradable Polyesters, Polyhydroxyalkanoates (PHA), Regenerated Cellulose, Cellulose Derivatives)
  2. By Crop Type (Flowers & Plants, Grains & Oilseeds, Fruits & Vegetables)
  3. By Application (Food Packaging, Cosmetic & Personal Care Products Packaging, Agriculture & Horticulture, Industrial Packaging, Other Applications)
  4. By End-User (Retail Store, Supermarket)
  5. By Region (North America, Europe, Asia-Pacific, Rest of the World)
  6. By Company (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., etc.)

Key questions answered in the study:

  1. What are the current and future trends of the Biodegradable Films industry?
  2. How the industry has been evolving in terms of end-user demand and application areas?
  3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
  4. What are the key growth drivers and challenges for the Biodegradable Films industry?
  5. What is the customer orientation, purchase behavior, and expectations from the Biodegradable Films firms across various regions?

Table of Content –

1 MARKET INTRODUCTION

2 RESEARCH METHODOLOGY OR ASSUMPTION

3 MARKET SYNOPSIS (INDUSTRY AT A GLANCE)

4 EXECUTIVE SUMMARY

5 BIODEGRADABLE FILMS MARKET REVENUE, 2019-2027F

6 COVID-19 IMPACT

7 MARKET INSIGHTS BY TYPE

8 MARKET INSIGHTS BY CROP TYPE

9 MARKET INSIGHTS BY APPLICATION

10 MARKET INSIGHTS BY END-USER

11 MARKET INSIGHTS BY REGION

12 BIODEGRADABLE FILMS MARKET DYNAMICS

13 BIODEGRADABLE FILMS MARKET OPPORTUNITIES

14 BIODEGRADABLE FILMS MARKET TRENDS

15 LEGAL AND REGULATORY FRAMEWORK

16 DEMAND AND SUPPLY SIDE ANALYSIS

17 VALUE CHAIN ANALYSIS

18 COMPETITIVE SCENARIO

19 COMPANY PROFILED

20 DISCLAIMER

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