PUBLISHER: The Business Research Company | PRODUCT CODE: 1658844
PUBLISHER: The Business Research Company | PRODUCT CODE: 1658844
Biodegradable films are plastic packaging films that incorporate additives during production to facilitate degradation. These additives, often enzymes or derived from proteins, polysaccharides, or fatty components, contribute to the breakdown of the plastic material.
The primary types of biodegradable films include polylactic acid (PLA), starch blends, biodegradable polyesters, polyhydroxyalkanoates (PHA), and others. Polylactic Acid (PLA), a thermoplastic monomer derived from organic and renewable resources like sugar cane or maize starch, is utilized in various applications such as bags, mulch films, wrapping films, liners, among others. These biodegradable films find applications across diverse industries including food and beverage, healthcare, personal care, cosmetics, agriculture, as well as in the metals and glass sectors.
The biodegradable films market research report is one of a series of new reports from The Business Research Company that provides biodegradable films market statistics, including biodegradable films industry global market size, regional shares, competitors with a biodegradable films market share, detailed biodegradable films market segments, market trends and opportunities, and any further data you may need to thrive in the biodegradable films industry. The biodegradable films market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The biodegradable films market size has grown strongly in recent years. It will grow from $1.35 billion in 2024 to $1.45 billion in 2025 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to cost challenges and technological limitations, introduction of pilot projects, initial consumer education efforts, initiatives for waste reduction, rise in eco-friendly practices.
The biodegradable films market size is expected to see strong growth in the next few years. It will grow to $1.95 billion in 2029 at a compound annual growth rate (CAGR) of 7.7%. The growth in the forecast period can be attributed to improvements in cost competitiveness, global market expansion, R&D investments, expansion in agriculture applications, global waste management concerns. Major trends in the forecast period include shift from plastic to sustainable materials, environmental concerns and regulations, advancements in material science, demand from food packaging industry, focus on circular economy.
The expanding bioplastics industry worldwide is anticipated to drive the growth of the biodegradable film market in the coming years. Bioplastics are polymers made from renewable or natural resources, and they are increasingly used in biodegradable films as a sustainable alternative to single-use plastics due to their renewability and biodegradability. For example, a report from European Bioplastics (EUBP) in December 2023 indicated that global bioplastics production capacity is expected to rise significantly, increasing from approximately 2.18 million metric tons in 2023 to about 7.43 million metric tons by 2028. Consequently, the growth of the bioplastics industry is fueling the expansion of the biodegradable film market.
The escalating demand in the food and beverage sector is poised to be a key driver for the biodegradable film market. Food and beverages, comprising a diverse range of consumable substances, witness a growing preference for sustainable packaging solutions. Biodegradable films, serving as eco-conscious alternatives, contribute to environmental conservation and offer versatility in packaging design. A report by Common Thread Collective in April 2022 highlighted the robust performance of the global food and beverage sales, reaching $435.3 billion in 2021 and surging to $506 billion in 2022. Projections suggest a further increase, reaching $857 billion by 2025. This surge in demand underscores the pivotal role of biodegradable films in catering to the sustainability needs of the thriving food and beverage industry.
Technological advancements are a significant trend gaining traction in the biodegradable film market. Leading companies in this sector are incorporating cutting-edge technologies into their products to maintain their competitive edge in biodegradable films. For example, in September 2022, ICL Group, an Israel-based multinational manufacturing company, introduced its innovative biodegradable coated fertilizer technology, called eqo.x. This pioneering technology aims to improve controlled release fertilizers (CRF) for open-field agriculture. The primary goal of this launch is to offer a sustainable solution that optimizes crop performance while reducing environmental impact.
Major companies in the biodegradable films market are strategically focusing on innovation to boost revenues. The introduction of fully biodegradable biaxially oriented polypropylene (BOPP) exemplifies this approach. BOPP, a type of plastic film, is designed to completely break down into natural elements under specific environmental conditions. In March 2023, Polymateria Limited, a UK-based leader in responsible plastic management, partnered with Toppan Printing Co. Ltd., a Japan-based printing and packaging specialist, to launch this groundbreaking product. The fully biodegradable BOPP, applicable in food and cosmetic packaging, demonstrates unprecedented biodegradation rates. Polymateria's advanced biotransformation technology underpins this achievement, offering a substantial contribution to global efforts in reducing plastic pollution.
In May 2023, TIPA Compostable Packaging, a U.S.-based packaging company, acquired Bio4Pack for an undisclosed amount. This acquisition is intended to broaden TIPA's product portfolio and strengthen its foothold in the European market by promoting innovative and sustainable packaging solutions. This strategic initiative underscores TIPA's commitment to fighting plastic pollution and advancing a circular economy. Bio4Pack, a Germany-based packaging firm, specializes in sustainable packaging solutions, including biodegradable films that decompose more readily than conventional plastics. This emphasis on sustainability helps mitigate environmental impact and supports a circular economy within the packaging industry.
Major companies operating in the biodegradable films market are BASF SE, Futamura Chemical Co. Ltd., Taghleef Industries LLC, BioBag International AS, Plascon Group, Avery Dennison Corporation, Walki Group Oy, Bi-Ax International Inc., Cortec Corporation, Clondalkin Group, Groupe Barbier, Kingfa Sci & Tech Co. Ltd., Tipa Corp Ltd., Novamont SpA, Sigmund Lindner GmbH, Organix AG, Armando Alvarez Group, Amtrex Nature Care Pvt Ltd., Solos Polymers Pvt. Ltd., ENVIPLAST, Xinle Huabao Medical Products Co. Ltd., Tilak Polypack Private Limited, EcoBharat, Polynova Industries Inc., Magical Film Enterprise Co. Ltd., Chintec Limited, RKW Group, Dow Chemical Company, Plastiroll Oy, Mondi Group, Innovia Films Ltd., Toray Industries Inc., Mitsubishi Chemical Corporation, NatureWorks LLC, Danimer Scientific Inc., Total Corbion PLA, Synbra Technology BV
Asia-Pacific was the largest region in the biodegradable films market share in 2024 and is expected to be the fastest-growing region in the forecast period. The regions covered in the biodegradable films market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the biodegradable films market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The biodegradable film market consists of sales of polycaprolactone, polybutylene adipate terephthalate, and polybutylene succinate. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Biodegradable Films Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on biodegradable films market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for biodegradable films ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The biodegradable films market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.