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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