The biodegradable film market is anticipated to be worth US$ 1,258.4 million in 2024. The market is expected to grow at a normal rate over the period from 2024 to 2034, with a CAGR of 4.1%. By the end of the forecast period, the market value is predicted to hit US$ 1,880.7 million.
Attributes | Details |
---|---|
Biodegradable Film Market Value for 2024 | US$ 1,258.4 million |
Projected Market Value for 2034 | US$ 1,880.7 million |
Value-based CAGR of Market for 2024 to 2034 | 4.1% |
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Polylactic acid (PLA) has emerged as the top material used in the making of biodegradable films. The use of the films in bags and sacks overwhelms all other uses.
For 2024, polylactic acid is expected to account for 37.6% of the market share by material. Some of the key drivers for the increasing use of polylactic acid in biodegradable films are:
Attributes | Details |
---|---|
Top Material | Polylactic acid (PLA) |
Market Share (2024) | 37.6% |
Bags and sacks are anticipated to account for 31.1% of the market share in 2024. Some of the key drivers for the progress of biodegradable films in bags and sacks include:
Attributes | Details |
---|---|
Top Application | Bags and Sacks |
Market Share (2024) | 31.1% |
Simultaneous growth of the food and packaging sectors bodes well for the biodegradable film industry in the Asia Pacific. Restrictions on the production of single-use plastic are also set to propel the market in the region.
Manufacturing industry moving towards eco-friendly production, gradually in some cases and rapidly in others, is helping the market’s cause in Europe. Focus of North American consumers on sustainable materials in food packaging is boosting the market in North America.
Countries | CAGR |
---|---|
Thailand | 4.7% |
Canada | 3.7% |
United Kingdom | 3.8% |
China | 5.1% |
India | 5.7% |
The market is set to register a CAGR of 4.7% in Thailand for the forecast period. The key drivers for growth are:
The CAGR for the biodegradable film market in Canada is tipped to be 3.7% over the forecast period. Some of the key factors driving the growth are:
The CAGR for the biodegradable film market in the United Kingdom is tipped to be 3.8% over the forecast period. Some of the key factors driving the growth are:
The market is expected to register a CAGR of 5.1% in China for the forecast period. Some of the key trends include:
The market is expected to register a CAGR of 5.7% in India over the forecast period. Some of the key trends include:
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Development of new materials for biodegradable films is a key concern for market players. Thus, they are increasingly seeking investment from both public and private sources.
Futamura Chemicals, a prominent company in the market, has an extensive range of biodegradable films on offer, with the cellulose films of the company being especially popular. To keep up, other market players are establishing collaborations with end-user industries.
Recent Developments in the Biodegradable Film Market
The biodegradable film market size is expected to be worth US$ 1,258.4 million in 2024.
The biodegradable film market is estimated to get as big as US$ 1,880.7 million in 2034.
The CAGR of the biodegradable film market during the 2024 to 2034 period in the United Kingdom is estimated to be 3.8%.
The biodegradable film market can be divided into the following segments: material, application, and end use.
The biodegradable film market is expected to grow at a CAGR of 4.1% over the period from 2024 to 2034.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and their Roles 3.5.1.1. Manufacturer 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyer’s 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.9.2. By Key Countries 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034 4.1. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis, 2019 to 2023 4.2. Current and Future Market Size Value (US$ Million) & Volume (Tons) Projections, 2024 to 2034 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Material 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Material, 2019 to 2023 5.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Material, 2024 to 2034 5.3.1. Bio-LDPE 5.3.2. Bio-HDPE 5.3.3. Bio-Based PLA 5.4. Y-o-Y Growth Trend Analysis By Material, 2019 to 2023 5.5. Absolute $ Opportunity Analysis By Material, 2024 to 2034 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Thickness 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Thickness, 2019 to 2023 6.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Thickness, 2024 to 2034 6.3.1. Upto 1 mm 6.3.2. 2 - 4 mm 6.3.3. Above 4 mm 6.4. Y-o-Y Growth Trend Analysis By Thickness, 2019 to 2023 6.5. Absolute $ Opportunity Analysis By Thickness, 2024 to 2034 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Application 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Application, 2019 to 2023 7.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Application, 2024 to 2034 7.3.1. Bags 7.3.2. Mulch films 7.3.3. Wrapping films 7.3.4. Liners 7.3.5. Others 7.4. Y-o-Y Growth Trend Analysis By Application, 2019 to 2023 7.5. Absolute $ Opportunity Analysis By Application, 2024 to 2034 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End-Use 8.1. Introduction / Key Findings 8.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By End-Use, 2019 to 2023 8.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By End-Use, 2024 to 2034 8.3.1. Food & Beverage 8.3.2. Healthcare 8.3.3. Personal Care & Cosmetics 8.3.4. Agriculture 8.3.5. Metal 8.3.6. Glass 8.3.7. Others 8.4. Y-o-Y Growth Trend Analysis By End-Use, 2019 to 2023 8.5. Absolute $ Opportunity Analysis By End-Use, 2024 to 2034 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 9.1. Introduction 9.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Region, 2019 to 2023 9.3. Current Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Region, 2024 to 2034 9.3.1. North America 9.3.2. Latin America 9.3.3. Western Europe 9.3.4. Eastern Europe 9.3.5. South Asia and Pacific 9.3.6. East Asia 9.3.7. Middle East and Africa 9.4. Market Attractiveness Analysis By Region 10. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 10.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023 10.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034 10.2.1. By Country 10.2.1.1. USA 10.2.1.2. Canada 10.2.2. By Material 10.2.3. By Thickness 10.2.4. By Application 10.2.5. By End-Use 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Material 10.3.3. By Thickness 10.3.4. By Application 10.3.5. By End-Use 10.4. Key Takeaways 11. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 11.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023 11.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034 11.2.1. By Country 11.2.1.1. Brazil 11.2.1.2. Mexico 11.2.1.3. Rest of Latin America 11.2.2. By Material 11.2.3. By Thickness 11.2.4. By Application 11.2.5. By End-Use 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Material 11.3.3. By Thickness 11.3.4. By Application 11.3.5. By End-Use 11.4. Key Takeaways 12. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 12.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023 12.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034 12.2.1. By Country 12.2.1.1. Germany 12.2.1.2. UK 12.2.1.3. France 12.2.1.4. Spain 12.2.1.5. Italy 12.2.1.6. Rest of Western Europe 12.2.2. By Material 12.2.3. By Thickness 12.2.4. By Application 12.2.5. By End-Use 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Material 12.3.3. By Thickness 12.3.4. By Application 12.3.5. By End-Use 12.4. Key Takeaways 13. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 13.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023 13.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034 13.2.1. By Country 13.2.1.1. Poland 13.2.1.2. Russia 13.2.1.3. Czech Republic 13.2.1.4. Romania 13.2.1.5. Rest of Eastern Europe 13.2.2. By Material 13.2.3. By Thickness 13.2.4. By Application 13.2.5. By End-Use 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Material 13.3.3. By Thickness 13.3.4. By Application 13.3.5. By End-Use 13.4. Key Takeaways 14. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 14.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023 14.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034 14.2.1. By Country 14.2.1.1. India 14.2.1.2. Bangladesh 14.2.1.3. Australia 14.2.1.4. New Zealand 14.2.1.5. Rest of South Asia and Pacific 14.2.2. By Material 14.2.3. By Thickness 14.2.4. By Application 14.2.5. By End-Use 14.3. Market Attractiveness Analysis 14.3.1. By Country 14.3.2. By Material 14.3.3. By Thickness 14.3.4. By Application 14.3.5. By End-Use 14.4. Key Takeaways 15. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 15.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023 15.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034 15.2.1. By Country 15.2.1.1. China 15.2.1.2. Japan 15.2.1.3. South Korea 15.2.2. By Material 15.2.3. By Thickness 15.2.4. By Application 15.2.5. By End-Use 15.3. Market Attractiveness Analysis 15.3.1. By Country 15.3.2. By Material 15.3.3. By Thickness 15.3.4. By Application 15.3.5. By End-Use 15.4. Key Takeaways 16. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 16.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023 16.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034 16.2.1. By Country 16.2.1.1. GCC Countries 16.2.1.2. South Africa 16.2.1.3. Israel 16.2.1.4. Rest of MEA 16.2.2. By Material 16.2.3. By Thickness 16.2.4. By Application 16.2.5. By End-Use 16.3. Market Attractiveness Analysis 16.3.1. By Country 16.3.2. By Material 16.3.3. By Thickness 16.3.4. By Application 16.3.5. By End-Use 16.4. Key Takeaways 17. Key Countries Market Analysis 17.1. USA 17.1.1. Pricing Analysis 17.1.2. Market Share Analysis, 2023 17.1.2.1. By Material 17.1.2.2. By Thickness 17.1.2.3. By Application 17.1.2.4. By End-Use 17.2. Canada 17.2.1. Pricing Analysis 17.2.2. Market Share Analysis, 2023 17.2.2.1. By Material 17.2.2.2. By Thickness 17.2.2.3. By Application 17.2.2.4. By End-Use 17.3. Brazil 17.3.1. Pricing Analysis 17.3.2. Market Share Analysis, 2023 17.3.2.1. By Material 17.3.2.2. By Thickness 17.3.2.3. By Application 17.3.2.4. By End-Use 17.4. Mexico 17.4.1. Pricing Analysis 17.4.2. Market Share Analysis, 2023 17.4.2.1. By Material 17.4.2.2. By Thickness 17.4.2.3. By Application 17.4.2.4. By End-Use 17.5. Germany 17.5.1. Pricing Analysis 17.5.2. Market Share Analysis, 2023 17.5.2.1. By Material 17.5.2.2. By Thickness 17.5.2.3. By Application 17.5.2.4. By End-Use 17.6. UK 17.6.1. Pricing Analysis 17.6.2. Market Share Analysis, 2023 17.6.2.1. By Material 17.6.2.2. By Thickness 17.6.2.3. By Application 17.6.2.4. By End-Use 17.7. France 17.7.1. Pricing Analysis 17.7.2. Market Share Analysis, 2023 17.7.2.1. By Material 17.7.2.2. By Thickness 17.7.2.3. By Application 17.7.2.4. By End-Use 17.8. Spain 17.8.1. Pricing Analysis 17.8.2. Market Share Analysis, 2023 17.8.2.1. By Material 17.8.2.2. By Thickness 17.8.2.3. By Application 17.8.2.4. By End-Use 17.9. Italy 17.9.1. Pricing Analysis 17.9.2. Market Share Analysis, 2023 17.9.2.1. By Material 17.9.2.2. By Thickness 17.9.2.3. By Application 17.9.2.4. By End-Use 17.10. Poland 17.10.1. Pricing Analysis 17.10.2. Market Share Analysis, 2023 17.10.2.1. By Material 17.10.2.2. By Thickness 17.10.2.3. By Application 17.10.2.4. By End-Use 17.11. Russia 17.11.1. Pricing Analysis 17.11.2. Market Share Analysis, 2023 17.11.2.1. By Material 17.11.2.2. By Thickness 17.11.2.3. By Application 17.11.2.4. By End-Use 17.12. Czech Republic 17.12.1. Pricing Analysis 17.12.2. Market Share Analysis, 2023 17.12.2.1. By Material 17.12.2.2. By Thickness 17.12.2.3. By Application 17.12.2.4. By End-Use 17.13. Romania 17.13.1. Pricing Analysis 17.13.2. Market Share Analysis, 2023 17.13.2.1. By Material 17.13.2.2. By Thickness 17.13.2.3. By Application 17.13.2.4. By End-Use 17.14. India 17.14.1. Pricing Analysis 17.14.2. Market Share Analysis, 2023 17.14.2.1. By Material 17.14.2.2. By Thickness 17.14.2.3. By Application 17.14.2.4. By End-Use 17.15. Bangladesh 17.15.1. Pricing Analysis 17.15.2. Market Share Analysis, 2023 17.15.2.1. By Material 17.15.2.2. By Thickness 17.15.2.3. By Application 17.15.2.4. By End-Use 17.16. Australia 17.16.1. Pricing Analysis 17.16.2. Market Share Analysis, 2023 17.16.2.1. By Material 17.16.2.2. By Thickness 17.16.2.3. By Application 17.16.2.4. By End-Use 17.17. New Zealand 17.17.1. Pricing Analysis 17.17.2. Market Share Analysis, 2023 17.17.2.1. By Material 17.17.2.2. By Thickness 17.17.2.3. By Application 17.17.2.4. By End-Use 17.18. China 17.18.1. Pricing Analysis 17.18.2. Market Share Analysis, 2023 17.18.2.1. By Material 17.18.2.2. By Thickness 17.18.2.3. By Application 17.18.2.4. By End-Use 17.19. Japan 17.19.1. Pricing Analysis 17.19.2. Market Share Analysis, 2023 17.19.2.1. By Material 17.19.2.2. By Thickness 17.19.2.3. By Application 17.19.2.4. By End-Use 17.20. South Korea 17.20.1. Pricing Analysis 17.20.2. Market Share Analysis, 2023 17.20.2.1. By Material 17.20.2.2. By Thickness 17.20.2.3. By Application 17.20.2.4. By End-Use 17.21. GCC Countries 17.21.1. Pricing Analysis 17.21.2. Market Share Analysis, 2023 17.21.2.1. By Material 17.21.2.2. By Thickness 17.21.2.3. By Application 17.21.2.4. By End-Use 17.22. South Africa 17.22.1. Pricing Analysis 17.22.2. Market Share Analysis, 2023 17.22.2.1. By Material 17.22.2.2. By Thickness 17.22.2.3. By Application 17.22.2.4. By End-Use 17.23. Israel 17.23.1. Pricing Analysis 17.23.2. Market Share Analysis, 2023 17.23.2.1. By Material 17.23.2.2. By Thickness 17.23.2.3. By Application 17.23.2.4. By End-Use 18. Market Structure Analysis 18.1. Competition Dashboard 18.2. Competition Benchmarking 18.3. Market Share Analysis of Top Players 18.3.1. By Regional 18.3.2. By Material 18.3.3. By Thickness 18.3.4. By Application 18.3.5. By End-Use 19. Competition Analysis 19.1. Competition Deep Dive 19.1.1. Futamura Chemical Co. Ltd. 19.1.1.1. Overview 19.1.1.2. Product Portfolio 19.1.1.3. Profitability by Market Segments 19.1.1.4. Sales Footprint 19.1.1.5. Strategy Overview 19.1.1.5.1. Marketing Strategy 19.1.1.5.2. Product Strategy 19.1.1.5.3. Channel Strategy 19.1.2. Taghleef Industries 19.1.2.1. Overview 19.1.2.2. Product Portfolio 19.1.2.3. Profitability by Market Segments 19.1.2.4. Sales Footprint 19.1.2.5. Strategy Overview 19.1.2.5.1. Marketing Strategy 19.1.2.5.2. Product Strategy 19.1.2.5.3. Channel Strategy 19.1.3. Walki Group Oy 19.1.3.1. Overview 19.1.3.2. Product Portfolio 19.1.3.3. Profitability by Market Segments 19.1.3.4. Sales Footprint 19.1.3.5. Strategy Overview 19.1.3.5.1. Marketing Strategy 19.1.3.5.2. Product Strategy 19.1.3.5.3. Channel Strategy 19.1.4. BioBag Americas, Inc. 19.1.4.1. Overview 19.1.4.2. Product Portfolio 19.1.4.3. Profitability by Market Segments 19.1.4.4. Sales Footprint 19.1.4.5. Strategy Overview 19.1.4.5.1. Marketing Strategy 19.1.4.5.2. Product Strategy 19.1.4.5.3. Channel Strategy 19.1.5. Avery Dennison Corporation 19.1.5.1. Overview 19.1.5.2. Product Portfolio 19.1.5.3. Profitability by Market Segments 19.1.5.4. Sales Footprint 19.1.5.5. Strategy Overview 19.1.5.5.1. Marketing Strategy 19.1.5.5.2. Product Strategy 19.1.5.5.3. Channel Strategy 19.1.6. Plascon Group 19.1.6.1. Overview 19.1.6.2. Product Portfolio 19.1.6.3. Profitability by Market Segments 19.1.6.4. Sales Footprint 19.1.6.5. Strategy Overview 19.1.6.5.1. Marketing Strategy 19.1.6.5.2. Product Strategy 19.1.6.5.3. Channel Strategy 19.1.7. Bi-Ax International Inc. 19.1.7.1. Overview 19.1.7.2. Product Portfolio 19.1.7.3. Profitability by Market Segments 19.1.7.4. Sales Footprint 19.1.7.5. Strategy Overview 19.1.7.5.1. Marketing Strategy 19.1.7.5.2. Product Strategy 19.1.7.5.3. Channel Strategy 19.1.8. Cortec Corporation 19.1.8.1. Overview 19.1.8.2. Product Portfolio 19.1.8.3. Profitability by Market Segments 19.1.8.4. Sales Footprint 19.1.8.5. Strategy Overview 19.1.8.5.1. Marketing Strategy 19.1.8.5.2. Product Strategy 19.1.8.5.3. Channel Strategy 19.1.9. Polystar Plastics Ltd. 19.1.9.1. Overview 19.1.9.2. Product Portfolio 19.1.9.3. Profitability by Market Segments 19.1.9.4. Sales Footprint 19.1.9.5. Strategy Overview 19.1.9.5.1. Marketing Strategy 19.1.9.5.2. Product Strategy 19.1.9.5.3. Channel Strategy 19.1.10. Layfield Group 19.1.10.1. Overview 19.1.10.2. Product Portfolio 19.1.10.3. Profitability by Market Segments 19.1.10.4. Sales Footprint 19.1.10.5. Strategy Overview 19.1.10.5.1. Marketing Strategy 19.1.10.5.2. Product Strategy 19.1.10.5.3. Channel Strategy 19.1.11. Paco Label 19.1.11.1. Overview 19.1.11.2. Product Portfolio 19.1.11.3. Profitability by Market Segments 19.1.11.4. Sales Footprint 19.1.11.5. Strategy Overview 19.1.11.5.1. Marketing Strategy 19.1.11.5.2. Product Strategy 19.1.11.5.3. Channel Strategy 19.1.12. Groupe Barbier 19.1.12.1. Overview 19.1.12.2. Product Portfolio 19.1.12.3. Profitability by Market Segments 19.1.12.4. Sales Footprint 19.1.12.5. Strategy Overview 19.1.12.5.1. Marketing Strategy 19.1.12.5.2. Product Strategy 19.1.12.5.3. Channel Strategy 19.1.13. Clondalkin Group 19.1.13.1. Overview 19.1.13.2. Product Portfolio 19.1.13.3. Profitability by Market Segments 19.1.13.4. Sales Footprint 19.1.13.5. Strategy Overview 19.1.13.5.1. Marketing Strategy 19.1.13.5.2. Product Strategy 19.1.13.5.3. Channel Strategy 20. Assumptions & Acronyms Used 21. Research Methodology
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