Global Biodegradable Plastic Films Market Size Study, by Type (Starch Blends, Polylactic Acid, Poly, Polybutylene Succinate, Polyhydroxyalkanoates, Others), by Application, by End Use, and Regional Forecasts 2022-2032

Description

The Global Biodegradable Plastic Films Market is valued at approximately USD 1.16 billion in 2023 and is poised to expand significantly with a compound annual growth rate (CAGR) of 4.47% over the forecast period from 2024 to 2032. This market revolves around the innovative application of biodegradable films, which are derived from renewable sources or designed to decompose naturally under environmental conditions. These films have garnered tremendous attention for their role in mitigating the environmental footprint associated with traditional plastics. Biodegradable plastic films are extensively utilized in diverse industries ranging from agriculture to healthcare, underpinning the shift towards sustainable practices.

The surge in demand for biodegradable plastic films is primarily driven by growing environmental awareness and stringent regulations against single-use plastics. Governments and industries worldwide are adopting policies to encourage the transition from conventional plastics to eco-friendly alternatives. Products such as starch blends and polylactic acid (PLA) films have emerged as sustainable choices in packaging and agriculture, where these materials contribute to reducing soil contamination. Advancements in manufacturing processes have further enabled the customization of films for specific applications, enhancing their utility across industries.

The agriculture sector has been a key consumer of biodegradable plastic films, leveraging these materials for mulch films that prevent weed growth, conserve soil moisture, and eventually biodegrade without leaving harmful residues. In parallel, the food and beverage industry is witnessing an increasing adoption of biodegradable films for packaging, driven by consumer preference for sustainable and green solutions. However, challenges such as higher production costs and performance limitations under certain conditions are expected to pose hurdles to market growth during the forecast period.

Regionally, Europe holds a dominant share in the biodegradable plastic films market, supported by robust regulatory frameworks, extensive research and development initiatives, and consumer inclination towards eco-friendly products. North America follows closely, with increasing investments in bioplastics production and application development. Meanwhile, the Asia-Pacific region is anticipated to experience the fastest growth owing to rapid industrialization, heightened environmental awareness, and government-led initiatives promoting sustainable materials in emerging economies like China and India.

Major market players included in this report are:

BASF SE
NatureWorks LLC
Novamont S.p.A
Plantic Technologies Limited
Futamura Chemical Co., Ltd.
Toray Industries, Inc.
SK Global Chemical Co., Ltd.
Biome Bioplastics Ltd
Mitsubishi Chemical Corporation
Corbion N.V.
FKuR Kunststoff GmbH
TotalEnergies Corbion
Danimer Scientific
Eastman Chemical Company
PTT Global Chemical Public Company Limited

The detailed segments and sub-segment of the market are explained below:

By Type

Starch Blends
Polylactic Acid
Poly(butylene adipate-co-terephthalate) (PBAT)
Polybutylene Succinate (PBS)
Polyhydroxyalkanoates (PHA)
Others

By Application

Bags
Wrapping Films
Liners
Sheets
Others

By End Use

Food & Beverage
Healthcare
Agriculture
Personal Care & Cosmetics
Electrical & Electronics
Others

By Region

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
India
Japan
Australia
South Korea
Rest of Asia-Pacific
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market estimates & forecasts for 10 years, from 2022 to 2032.
Annualized revenues and regional-level analysis for each market segment.
Comprehensive geographical landscape with country-level analysis of major regions.
Competitive landscape with detailed insights on major market players.
Strategic recommendations for businesses to navigate the competitive environment.
Analysis of demand-side and supply-side market dynamics.

Chapter 1. Global Biodegradable Plastic Films Market Executive Summary

1.1. Global Biodegradable Plastic Films Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Type
- 1.3.2. By Application
- 1.3.3. By End Use
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Biodegradable Plastic Films Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Biodegradable Plastic Films Market Dynamics

3.1. Market Drivers
- 3.1.1. Growing Environmental Awareness
- 3.1.2. Stringent Regulations Against Single-Use Plastics
- 3.1.3. Advancements in Manufacturing Processes
3.2. Market Challenges
- 3.2.1. Higher Production Costs
- 3.2.2. Performance Limitations Under Certain Conditions
3.3. Market Opportunities
- 3.3.1. Expansion in Agriculture and Food & Beverage Industries
- 3.3.2. Government Initiatives Promoting Sustainable Materials
- 3.3.3. Increasing Consumer Preference for Eco-Friendly Solutions

Chapter 4. Global Biodegradable Plastic Films Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Biodegradable Plastic Films Market Size & Forecasts by Type 2022-2032

5.1. Segment Dashboard
5.2. Global Biodegradable Plastic Films Market: Type Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 5.2.1. Starch Blends
- 5.2.2. Polylactic Acid
- 5.2.3. Poly(butylene adipate-co-terephthalate) (PBAT)
- 5.2.4. Polybutylene Succinate (PBS)
- 5.2.5. Polyhydroxyalkanoates (PHA)
- 5.2.6. Others

Chapter 6. Global Biodegradable Plastic Films Market Size & Forecasts by Application 2022-2032

6.1. Segment Dashboard
6.2. Global Biodegradable Plastic Films Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 6.2.1. Bags
- 6.2.2. Wrapping Films
- 6.2.3. Liners
- 6.2.4. Sheets
- 6.2.5. Others

Chapter 7. Global Biodegradable Plastic Films Market Size & Forecasts by End Use 2022-2032

7.1. Segment Dashboard
7.2. Global Biodegradable Plastic Films Market: End Use Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 7.2.1. Food & Beverage
- 7.2.2. Healthcare
- 7.2.3. Agriculture
- 7.2.4. Personal Care & Cosmetics
- 7.2.5. Electrical & Electronics
- 7.2.6. Others

Chapter 8. Global Biodegradable Plastic Films Market Size & Forecasts by Region 2022-2032

8.1. North America Biodegradable Plastic Films Market
- 8.1.1. U.S. Biodegradable Plastic Films Market
  - 8.1.1.1. Type Breakdown Size & Forecasts, 2022-2032
  - 8.1.1.2. Application Breakdown Size & Forecasts, 2022-2032
- 8.1.2. Canada Biodegradable Plastic Films Market
8.2. Europe Biodegradable Plastic Films Market
- 8.2.1. UK Biodegradable Plastic Films Market
- 8.2.2. Germany Biodegradable Plastic Films Market
- 8.2.3. France Biodegradable Plastic Films Market
- 8.2.4. Spain Biodegradable Plastic Films Market
- 8.2.5. Italy Biodegradable Plastic Films Market
- 8.2.6. Rest of Europe Biodegradable Plastic Films Market
8.3. Asia-Pacific Biodegradable Plastic Films Market
- 8.3.1. China Biodegradable Plastic Films Market
- 8.3.2. India Biodegradable Plastic Films Market
- 8.3.3. Japan Biodegradable Plastic Films Market
- 8.3.4. Australia Biodegradable Plastic Films Market
- 8.3.5. South Korea Biodegradable Plastic Films Market
- 8.3.6. Rest of Asia-Pacific Biodegradable Plastic Films Market
8.4. Latin America Biodegradable Plastic Films Market
- 8.4.1. Brazil Biodegradable Plastic Films Market
- 8.4.2. Mexico Biodegradable Plastic Films Market
- 8.4.3. Rest of Latin America Biodegradable Plastic Films Market
8.5. Middle East & Africa Biodegradable Plastic Films Market
- 8.5.1. Saudi Arabia Biodegradable Plastic Films Market
- 8.5.2. South Africa Biodegradable Plastic Films Market
- 8.5.3. Rest of Middle East & Africa Biodegradable Plastic Films Market

Chapter 9. Competitive Intelligence

9.1. Key Company SWOT Analysis
- 9.1.1. BASF SE
- 9.1.2. NatureWorks LLC
- 9.1.3. Novamont S.p.A
9.2. Top Market Strategies
9.3. Company Profiles
- 9.3.1. BASF SE
  - 9.3.1.1. Key Information
  - 9.3.1.2. Overview
  - 9.3.1.3. Financial (Subject to Data Availability)
  - 9.3.1.4. Product Summary
  - 9.3.1.5. Market Strategies
- 9.3.2. NatureWorks LLC
- 9.3.3. Novamont S.p.A
- 9.3.4. Plantic Technologies Limited
- 9.3.5. Futamura Chemical Co., Ltd.
- 9.3.6. Toray Industries, Inc.
- 9.3.7. SK Global Chemical Co., Ltd.
- 9.3.8. Biome Bioplastics Ltd
- 9.3.9. Mitsubishi Chemical Corporation
- 9.3.10. Corbion N.V.
- 9.3.11. FKuR Kunststoff GmbH
- 9.3.12. TotalEnergies Corbion
- 9.3.13. Danimer Scientific
- 9.3.14. Eastman Chemical Company
- 9.3.15. PTT Global Chemical Public Company Limited

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes