Biodegradable Plastic Films Market - Global Industry Size, Share, Trends, Opportunity & Forecast, Segmented By Type, By Application, By End User, By Region, & Competition, 2020-2030F

Description

The global biodegradable plastic films market was valued at USD 1.44 billion in 2022 and is projected to experience robust growth during the forecast period, with a compound annual growth rate (CAGR) of 6.10% through 2030. The increasing global emphasis on sustainable practices has driven significant innovation within the plastics industry, leading to the emergence of the biodegradable plastic films market. As concerns about plastic pollution and environmental impact intensify, the demand for eco-friendly alternatives has surged. Biodegradable plastic films, which are derived from renewable resources and designed to break down naturally, have emerged as a promising solution. This report offers a comprehensive market analysis, exploring the key drivers, challenges, trends, and opportunities shaping the global biodegradable plastic films market.

Market Overview
Forecast Period	2026-2030
Market Size 2024	USD 1.44 Billion
Market Size 2030	USD 2.06 Billion
CAGR 2025-2030	6.10%
Fastest Growing Segment	Food & Beverage
Largest Market	Asia Pacific

The biodegradable plastic films market is propelled by several factors reflecting heightened global awareness of environmental issues. Traditional plastic films, which are derived from non-renewable sources, have significantly contributed to pollution and environmental degradation. The need to address these challenges has driven the development and adoption of biodegradable alternatives.

A primary driver for the market is the growing consumer demand for sustainable and environmentally friendly packaging solutions. Businesses across various industries, ranging from food and beverage to retail, are increasingly seeking packaging materials that align with eco-conscious consumer preferences. Biodegradable plastic films offer businesses an opportunity to enhance their sustainability credentials while meeting evolving consumer expectations.

Key Market Drivers

Government Policies Promoting Sustainability

Government policies promoting sustainability play a pivotal role in driving the growth of the global biodegradable plastic films market. These policies are designed to address pressing environmental challenges, including plastic pollution, climate change, and resource depletion. By establishing regulatory frameworks and economic incentives that encourage the adoption of eco-friendly alternatives, governments are fostering the market's expansion. Strict regulations aimed at phasing out single-use plastics and non-biodegradable materials are being implemented globally. For example, the European Union's Single-Use Plastics Directive (2019) bans certain single-use plastic products and mandates the use of sustainable alternatives. Countries such as India, Canada, and Australia have introduced similar bans, creating a surge in demand for biodegradable plastic films as viable substitutes. These regulations compel industries to transition to biodegradable alternatives, directly contributing to market growth.

Furthermore, governments are offering financial incentives, tax rebates, and subsidies to businesses adopting biodegradable materials. For instance, the U.S. Department of Agriculture (USDA) provides grants and loans to companies developing bio-based products, including biodegradable films. These incentives help reduce production costs, making biodegradable plastic films more economically viable and attractive. Many nations have committed to reducing carbon emissions through international agreements like the Paris Agreement, and biodegradable plastic films, which generally have a lower carbon footprint compared to traditional plastics, align with these sustainability goals. As a result, governments are encouraging industries to adopt biodegradable films to help meet their environmental targets, driving market demand.

Key Market Challenges

Higher Cost of Biodegradable Plastic Films

A key challenge faced by the biodegradable plastic films market is the higher cost of production compared to conventional plastic films. Despite the growing focus on sustainable packaging solutions, the production processes and raw materials required for biodegradable films lead to increased production costs. Biodegradable plastics typically rely on specialized polymers derived from renewable resources, and their production necessitates advanced technologies. This cost disparity presents a challenge in a competitive market where traditional plastic films dominate due to their lower production costs. Industry stakeholders must focus on research and development to improve manufacturing efficiency, explore more cost-effective raw material sourcing, and leverage economies of scale. Addressing this cost challenge will make the biodegradable plastic films market more competitive, allowing it to better meet the increasing demand for eco-friendly packaging and fostering sustained global growth.

Key Market Trends

Development of New Materials

The global biodegradable plastic films market is undergoing a transformative shift, with the development of new materials serving as a key growth driver. As environmental awareness continues to play a critical role in consumer and industrial practices, the demand for sustainable alternatives to traditional plastics is increasing. Innovations in biodegradable plastic films offer eco-friendly solutions that reduce the environmental impact of conventional plastics. New materials, often sourced from renewable resources such as plant starches, polylactic acid (PLA), and other bio-based polymers, are being developed to enhance the biodegradability and compostability of plastic films.

For example, advances in blending various biopolymers to create films with superior mechanical properties and enhanced barrier functionalities are expanding the applications of biodegradable plastic films. These films are being used across industries such as packaging, agriculture, and food services, offering an environmentally friendly alternative without compromising performance.

Key Market Players

Brentwood Plastics Inc.
Cortec Corporation
Kingfa Sci. & Tech. Co. Ltd.
Futamura Chemicals Co. Ltd.
BioBag Americas Inc.
Plantic Technologies Ltd.
Shreeji Stretch Film Industries
Clondalkin Group Holding B.V.
Tipa Corp. Ltd.
BASF SE

Report Scope:

This report segments the Global Biodegradable Plastic Films Market into the following categories, in addition to detailing industry trends:

By Type:

Starch Blends
Polylactic Acid (PLA)
Polybutylene Adipate-Co-Terephthalate (PBAT)
Polybutylene Succinate (PBS)
Polyhydroxyalkanoates (PHA)
Others

By Application:

Bags
Wrapping Films
Liners
Sheets
Others

By End User:

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

By Region:

North America
United States
Canada
Mexico
Europe
France
United Kingdom
Italy
Germany
Spain
Asia-Pacific
China
India
Japan
Australia
South Korea
South America
Brazil
Argentina
Colombia
Middle East & Africa
South Africa
Saudi Arabia
UAE
Kuwait
Turkey
Egypt

Competitive Landscape

Company Profiles: In-depth analysis of the leading companies operating in the Global Biodegradable Plastic Films Market.

Available Customizations:

TechSci Research offers customized reports based on the specific needs of a company. The following customizations are available:

Company Information: Detailed analysis and profiling of additional market players (up to five).

Product Code: 20075

1. Product Overview

1.1. Market Definition
1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
- 1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends

4. Impact of COVID-19 on Global Biodegradable Plastic Films Market

5. Voice of Customer

6. Global Biodegradable Plastic Films Market Outlook

6.1. Market Size & Forecast
- 6.1.1. By Value & Volume
6.2. Market Share & Forecast
- 6.2.1. By Type (Starch Blends, Poly lactic Acid, Poly butylene adipate-co-terephthalate (PBAT), Poly butylene Succinate (PBS), Poly hydroxy alkanoates (PHA), Others)
- 6.2.2. By Application (Bags, Wrapping Films, Liners, Sheets, Others)
- 6.2.3. By End User (Food & Beverage, Healthcare, Agriculture, Personal Care & Cosmetics, Electrical & Electronics, Others)
- 6.2.4. By Region
- 6.2.5. By Company (2024)
6.3. Market Map

7. Asia Pacific Biodegradable Plastic Films Market Outlook

7.1. Market Size & Forecast
- 7.1.1. By Value & Volume
7.2. Market Share & Forecast
- 7.2.1. By Type
- 7.2.2. By Application
- 7.2.3. By End User
- 7.2.4. By Country
7.3. Asia Pacific: Country Analysis
- 7.3.1. China Biodegradable Plastic Films Market Outlook
  - 7.3.1.1. Market Size & Forecast
    - 7.3.1.1.1. By Value & Volume
  - 7.3.1.2. Market Share & Forecast
    - 7.3.1.2.1. By Type
    - 7.3.1.2.2. By Application
    - 7.3.1.2.3. By End User
- 7.3.2. India Biodegradable Plastic Films Market Outlook
  - 7.3.2.1. Market Size & Forecast
    - 7.3.2.1.1. By Value & Volume
  - 7.3.2.2. Market Share & Forecast
    - 7.3.2.2.1. By Type
    - 7.3.2.2.2. By Application
    - 7.3.2.2.3. By End User
- 7.3.3. Australia Biodegradable Plastic Films Market Outlook
  - 7.3.3.1. Market Size & Forecast
    - 7.3.3.1.1. By Value & Volume
  - 7.3.3.2. Market Share & Forecast
    - 7.3.3.2.1. By Type
    - 7.3.3.2.2. By Application
    - 7.3.3.2.3. By End User
- 7.3.4. Japan Biodegradable Plastic Films Market Outlook
  - 7.3.4.1. Market Size & Forecast
    - 7.3.4.1.1. By Value & Volume
  - 7.3.4.2. Market Share & Forecast
    - 7.3.4.2.1. By Type
    - 7.3.4.2.2. By Application
    - 7.3.4.2.3. By End User
- 7.3.5. South Korea Biodegradable Plastic Films Market Outlook
  - 7.3.5.1. Market Size & Forecast
    - 7.3.5.1.1. By Value & Volume
  - 7.3.5.2. Market Share & Forecast
    - 7.3.5.2.1. By Type
    - 7.3.5.2.2. By Application
    - 7.3.5.2.3. By End User

8. Europe Biodegradable Plastic Films Market Outlook

8.1. Market Size & Forecast
- 8.1.1. By Value & Volume
8.2. Market Share & Forecast
- 8.2.1. By Type
- 8.2.2. By Application
- 8.2.3. By End User
- 8.2.4. By Country
8.3. Europe: Country Analysis
- 8.3.1. France Biodegradable Plastic Films Market Outlook
  - 8.3.1.1. Market Size & Forecast
    - 8.3.1.1.1. By Value & Volume
  - 8.3.1.2. Market Share & Forecast
    - 8.3.1.2.1. By Type
    - 8.3.1.2.2. By Application
    - 8.3.1.2.3. By End User
- 8.3.2. Germany Biodegradable Plastic Films Market Outlook
  - 8.3.2.1. Market Size & Forecast
    - 8.3.2.1.1. By Value & Volume
  - 8.3.2.2. Market Share & Forecast
    - 8.3.2.2.1. By Type
    - 8.3.2.2.2. By Application
    - 8.3.2.2.3. By End User
- 8.3.3. Spain Biodegradable Plastic Films Market Outlook
  - 8.3.3.1. Market Size & Forecast
    - 8.3.3.1.1. By Value & Volume
  - 8.3.3.2. Market Share & Forecast
    - 8.3.3.2.1. By Type
    - 8.3.3.2.2. By Application
    - 8.3.3.2.3. By End User
- 8.3.4. Italy Biodegradable Plastic Films Market Outlook
  - 8.3.4.1. Market Size & Forecast
    - 8.3.4.1.1. By Value & Volume
  - 8.3.4.2. Market Share & Forecast
    - 8.3.4.2.1. By Type
    - 8.3.4.2.2. By Application
    - 8.3.4.2.3. By End User
- 8.3.5. United Kingdom Biodegradable Plastic Films Market Outlook
  - 8.3.5.1. Market Size & Forecast
    - 8.3.5.1.1. By Value & Volume
  - 8.3.5.2. Market Share & Forecast
    - 8.3.5.2.1. By Type
    - 8.3.5.2.2. By Application
    - 8.3.5.2.3. By End User

9. North America Biodegradable Plastic Films Market Outlook

9.1. Market Size & Forecast
- 9.1.1. By Value & Volume
9.2. Market Share & Forecast
- 9.2.1. By Type
- 9.2.2. By Application
- 9.2.3. By End User
- 9.2.4. By Country
9.3. North America: Country Analysis
- 9.3.1. United States Biodegradable Plastic Films Market Outlook
  - 9.3.1.1. Market Size & Forecast
    - 9.3.1.1.1. By Value & Volume
  - 9.3.1.2. Market Share & Forecast
    - 9.3.1.2.1. By Type
    - 9.3.1.2.2. By Application
    - 9.3.1.2.3. By End User
- 9.3.2. Mexico Biodegradable Plastic Films Market Outlook
  - 9.3.2.1. Market Size & Forecast
    - 9.3.2.1.1. By Value & Volume
  - 9.3.2.2. Market Share & Forecast
    - 9.3.2.2.1. By Type
    - 9.3.2.2.2. By Application
    - 9.3.2.2.3. By End User
- 9.3.3. Canada Biodegradable Plastic Films Market Outlook
  - 9.3.3.1. Market Size & Forecast
    - 9.3.3.1.1. By Value & Volume
  - 9.3.3.2. Market Share & Forecast
    - 9.3.3.2.1. By Type
    - 9.3.3.2.2. By Application
    - 9.3.3.2.3. By End User

10. South America Biodegradable Plastic Films Market Outlook

10.1. Market Size & Forecast
- 10.1.1. By Value & Volume
10.2. Market Share & Forecast
- 10.2.1. By Type
- 10.2.2. By Application
- 10.2.3. By End User
- 10.2.4. By Country
10.3. South America: Country Analysis
- 10.3.1. Brazil Biodegradable Plastic Films Market Outlook
  - 10.3.1.1. Market Size & Forecast
    - 10.3.1.1.1. By Value & Volume
  - 10.3.1.2. Market Share & Forecast
    - 10.3.1.2.1. By Type
    - 10.3.1.2.2. By Application
    - 10.3.1.2.3. By End User
- 10.3.2. Argentina Biodegradable Plastic Films Market Outlook
  - 10.3.2.1. Market Size & Forecast
    - 10.3.2.1.1. By Value & Volume
  - 10.3.2.2. Market Share & Forecast
    - 10.3.2.2.1. By Type
    - 10.3.2.2.2. By Application
    - 10.3.2.2.3. By End User
- 10.3.3. Colombia Biodegradable Plastic Films Market Outlook
  - 10.3.3.1. Market Size & Forecast
    - 10.3.3.1.1. By Value & Volume
  - 10.3.3.2. Market Share & Forecast
    - 10.3.3.2.1. By Type
    - 10.3.3.2.2. By Application
    - 10.3.3.2.3. By End User

11. Middle East and Africa Biodegradable Plastic Films Market Outlook

11.1. Market Size & Forecast
- 11.1.1. By Value & Volume
11.2. Market Share & Forecast
- 11.2.1. By Type
- 11.2.2. By Application
- 11.2.3. By End User
- 11.2.4. By Country
11.3. MEA: Country Analysis
- 11.3.1. South Africa Biodegradable Plastic Films Market Outlook
  - 11.3.1.1. Market Size & Forecast
    - 11.3.1.1.1. By Value & Volume
  - 11.3.1.2. Market Share & Forecast
    - 11.3.1.2.1. By Type
    - 11.3.1.2.2. By Application
    - 11.3.1.2.3. By End User
- 11.3.2. Saudi Arabia Biodegradable Plastic Films Market Outlook
  - 11.3.2.1. Market Size & Forecast
    - 11.3.2.1.1. By Value & Volume
  - 11.3.2.2. Market Share & Forecast
    - 11.3.2.2.1. By Type
    - 11.3.2.2.2. By Application
    - 11.3.2.2.3. By End User
- 11.3.3. UAE Biodegradable Plastic Films Market Outlook
  - 11.3.3.1. Market Size & Forecast
    - 11.3.3.1.1. By Value & Volume
  - 11.3.3.2. Market Share & Forecast
    - 11.3.3.2.1. By Type
    - 11.3.3.2.2. By Application
    - 11.3.3.2.3. By End User
- 11.3.4. Kuwait Biodegradable Plastic Films Market Outlook
  - 11.3.4.1. Market Size & Forecast
    - 11.3.4.1.1. By Value & Volume
  - 11.3.4.2. Market Share & Forecast
    - 11.3.4.2.1. By Type
    - 11.3.4.2.2. By Application
    - 11.3.4.2.3. By End User
- 11.3.5. Turkey Biodegradable Plastic Films Market Outlook
  - 11.3.5.1. Market Size & Forecast
    - 11.3.5.1.1. By Value & Volume
  - 11.3.5.2. Market Share & Forecast
    - 11.3.5.2.1. By Type
    - 11.3.5.2.2. By Application
    - 11.3.5.2.3. By End User
- 11.3.6. Egypt Biodegradable Plastic Films Market Outlook
  - 11.3.6.1. Market Size & Forecast
    - 11.3.6.1.1. By Value & Volume
  - 11.3.6.2. Market Share & Forecast
    - 11.3.6.2.1. By Type
    - 11.3.6.2.2. By Application
    - 11.3.6.2.3. By End User

12. Market Dynamics

12.1. Drivers
12.2. Challenges

13. Market Trends & Developments

13.1. Recent Developments
13.2. Product Launches
13.3. Mergers & Acquisitions

14. Global Biodegradable Plastic Films Market: SWOT Analysis

15. Pricing Analysis

16. Porter's Five Forces Analysis

16.1. Competition in the Industry
16.2. Potential of New Entrants
16.3. Power of Suppliers
16.4. Power of Customers
16.5. Threat of Substitute Application

17. PESTLE Analysis

18. Competitive Landscape

18.1. Brentwood Plastics Inc.
- 18.1.1. Business Overview
- 18.1.2. Company Snapshot
- 18.1.3. Product & Services
- 18.1.4. Financials (In case of listed companies)
- 18.1.5. Recent Developments
- 18.1.6. SWOT Analysis
18.2. BASF SE
18.3. Cortec Corporation
18.4. Kingfa Sci. & Tech. Co. Ltd.
18.5. Futamura Chemicals Co. Ltd
18.6. BioBag Americas Inc.
18.7. Plantic Technologies Ltd.
18.8. Shreeji Stretch Film Industries
18.9. Clondalkin Group Holding B.V.
18.10. Tipa Corp. Ltd.