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The Biodegradable Films Market size was USD 1.3 billion in 2023 and is expected to reach USD 2.3 billion by 2032 and grow at a CAGR of 6.7% over the forecast period of 2024-2032.
The biodegradable films market is driven primarily by the growth in the food packaging industry. With people turning to easy food options like ready-to-eat meals and portable snacks, the need for innovative and sustainable packaging solutions has been propelled. The increasing adoption of biologically degradable films in the food industry is due to their capacity to maintain the same level of product freshness, viable barrier properties, and lower environmental burden combined with traditional plastic packaging. In addition, the need for sustainable packaging that can break down fully has been a driver of these innovations in food manufacturing, with manufacturers pushing towards using biodegradable options, in in-line with regulatory and consumer demand for greener alternatives. This trend is also driven by the proliferation of online food delivery and meal kit services, which need flexible yet sustainable packaging options. Moreover, companies are collaborating with biodegradable film manufacturers to provide customized solutions, keeping in check both functional and environmental needs, increasing demand for the biodegradable film market in the upcoming years.
Additionally, the global production of bioplastics was 2.11 million tonnes in 2019, with expectations to rise to 2.43 million tonnes by the end of 2024. The food packaging sector is a major consumer of biodegradable films, accounting for a significant portion of this demand.
Technological advancements in biopolymers are one of the key factors that drive the growth of the biodegradable film market. The development of biodegradable plastics has advanced through innovations in biopolymers (such as polylactic acid (PLA), polyhydroxyalkanoates (PHA), and starch-based blends). Now these materials have better barrier properties, moisture resistance, and mechanical strength, and are suitable for a wide range of applications such as food packaging, agriculture, and medical products. The latest developments in high-performance biopolymer formulations, however, have lowered the production costs down to the levels needed for these materials to compete with oil-based plastics. Researchers and producers are also shifting their focus towards the production of biopolymers from agricultural residues and non-food biomass and waste materials, thus improving the sustainability of the polymers and decreasing dependence on fossil resources.
Government initiatives have played a crucial role in this expansion. For instance, the U.S. National Science Foundation (NSF), in partnership with industry leaders such as BASF, Dow, IBM, PepsiCo Inc., and Procter & Gamble Co., launched a USD 9.5 million research funding opportunity aimed at accelerating the discovery and manufacture of sustainable polymers.
Drivers
Increase usage of biodegradable films across various industries drives market growth.
A major factor fueling the growth of the market is the growing adoption of biodegradable films in diverse applications as an alternative material to conventional plastic film. Biodegradable films are emerging in applications from food packaging and agriculture to pharmaceuticals as they are eco-friendly and have functional properties. For instance, in the food packaging sector where plastic waste is a significant concern, biodegradable films address this issue by possessing the pre-requisite barrier properties required to maintain freshness and prolong shelf life. Likewise, biodegradable films can serve as mulch and cover for greenhouse crops in agriculture and have a lower environmental impact than traditional plastic. Rising consumer preference for eco-friendly goods and governmental regulations regarding reducing plastic waste will continue to proliferate demand for biodegradable movies as industries are under increasing pressure to adopt sustainable methods. Advances in biopolymer technology have also broadened the commodity spectrum of films, improving the cost-competitiveness and versatility of biodegradable films. As a higher percentage of industries continue to change to more environmentally sustainable options, the industry of biodegradable films continues expanding, with for wider adoption rate throughout the two, growing, and developing industry segments.
In 2023, NatureWorks a leading producer of Ingeo biopolymer (PLA), announced a major investment in expanding its biopolymer production facility in Thailand. The USD 300 million expansion project, announced in 2023, is expected to significantly increase the supply of Ingeo, which is widely used in the production of biodegradable films, particularly for packaging applications.
Restraint
Higher production costs of biodegradable films may hamper the market growth.
The biodegradable films are much more expensive to produce compared to conventional polymer products, which represents a major obstacle to market growth. Biodegradable films are made from renewable resources like starch, PLA (polylactic acid), or PHA (polyhydroxyalkanoates) which can be more costly than fossil-derived polymers. This leads to higher production costs, due to the price of raw materials, the complexity of manufacturing processes, and the need for special equipment. Also, although biopolymer technologies have improved, economies of scale haven't fully happened yet and biodegradable films still command a price premium over fossil-based alternatives. For manufacturers, this means that units will cost more which is often transferred to consumers, making it more challenging to compete in cost-sensitive industries with biodegradable films. In areas where cost is a significant driver, these increased costs can hinder businesses from moving to biodegradable compounds and slow the overall proliferation of these green alternatives. In addition to these costs, insufficient infrastructure to allow for the disposal or composting of microplastic films would carry its own price tag. So, biodegradable films do provide some advantages to the environment but their higher production costs result in limited penetration to the market.
Opportunities
Growing awareness about the harmful effects of traditional plastics on ecosystems.
Rising demand for biodegradable packaging materials in emerging economies.
By Type
The starch blend type segment dominated the biodegradable films market and held the highest revenue share of more than 39.5% in 2023 attributed to its excellent biodegradability, cost-effectiveness, and versatility. Starch-based blends offer a balance between performance and environmental sustainability, making them preferred choices for various packaging applications. Additionally, advancements in starch blend formulations and processing techniques have further enhanced their market appeal, driving their widespread adoption and revenue contribution.
By Application
Food Packaging held the largest market share around 42% in 2023. food packaging owing to an increase in consumer preference for sustainable and eco-friendly packaging solutions. With the growing awareness of plastic pollution, both consumers and regulatory authorities are advocating the discontinuation of plastic packaging alternatively replaced by substitutes, especially in the food sector. In the last few years, biodegradable films, which provide similar functional properties to conventional plastic films that provide a moisture barrier, mechanical strength, and, freshness retention of food items along with environmentally friendly disposal, are becoming a more favorable option for food packaging over plastic films. Furthermore, to make the transition even more, as in most that include a ban on plastic and all the packaging used reflected, they would be working on an alternative to this being biodegradable.
Europe held the largest market share around 40% in 2023. It dominated the biodegradable films market share owing to strict regulations for environment protection, rising consumer preference towards sustainable products, and high commitment from various industries towards sustainability. Some of the most stringent environmental policies, such as the European Green Deal in which the EU intends to be carbon-neutral by 2050,1 have been enacted in the European Union. By implementing these regulations, biodegradable films and other sustainable alternatives may be adopted to minimize plastic waste, propelling plans for a circular economy. Moreover, increasing awareness of environmental issues among European customers is a primary factor pushing the demand for sustainable packaging in food and retail sectors. Businesses in Europe are opting for biodegradable films more often, as their sustainability strategies evolve to fulfill not only regulatory requirements but consumer demand as well. It also enjoys an extensive recycling and composting infrastructure, fostering the use of biodegradable materials. Additionally, Europe is home to global bioplastics players which encourages innovative and invests in biodegradable film technologies. These factors combined, makes Europe the forerunner in the biodegradable films market because of the regulatory, market and technological forces.
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Key Players
BASF SE (Ecovio, Soil biodegradation)
Taghleef Industries (Nativia, Biofilm)
Kingfa Sci. & Tech. Co., Ltd. (Eco-Friendly Biodegradable Films, Kingfa PLA Film)
BioBag Americas, Inc. (BioBag, BioBags for Food Storage)
Avery Dennison Corporation (Eco-friendly Label Films, Biodegradable Packaging Films)
Bi-Ax International Inc. (Biodegradable Film Rolls, Bioplastics)
Cortec Corporation (Eco-Corr Films, VpCI Biodegradable Films)
Clondalkin Group (Compostable Packaging Films, Flexible Packaging Solutions)
Paco Label (Biodegradable Label Films, Eco-Friendly Packaging Solutions)
Layfield Group (Biodegradable Mulch Film, Layfield BioFilms)
Polystar Plastics Ltd. (Biodegradable Films for Packaging, Eco-Plastic Films)
Futamura Chemical Co. Ltd. (NatureFlex, Compostable Films)
Walki Group Oy (Walki Biofilm, Walki Performance Films)
Plascon Group (Eco-Bags, Biodegradable Packaging Film)
Groupe Barbier (Barbioplast, Biodegradable Agricultural Films)
TRIOWORLD INDUSTRIER AB (TrioGreen Biodegradable Film, GreenPack Films)
Mondi Group (Mondi BioPackaging, Compostable Films)
Amcor (Amcor EcoFlex, Biodegradable Packaging Films)
U.S. Bioplastics (U.S. Bioplastic Bags, U.S. Compostable Films)
Sappi Lanier (Biofoils, Biodegradable Barrier Films)
Recent Development:
In 2023, BASF introduced Ecovio, a compostable material made from renewable resources, which has seen increased adoption in food packaging applications to reduce plastic waste.
In 2023, Taghleef Industries unveiled the Nativia range of biodegradable and compostable films. These films are primarily used in food packaging and have been developed to offer enhanced durability and environmental benefits, helping meet growing consumer demand for sustainable packaging solutions.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 1.3 Billion |
| Market Size by 2032 | US$ 2.3 Billion |
| CAGR | CAGR of 6.7% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Type (PLA, PHA, Starch Blends, Biodegradable Polyesters, and Others) • By Application (Food Packaging, Cosmetic & Personal Care Products Packaging, Agriculture & Horticulture, Industrial Packaging, and Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | BASF SE, Taghleef Industries, Kingfa Sci. & Tech. Co., Ltd., BioBag Americas, Inc., Avery Dennison Corporation, Bi-Ax International Inc., Cortec Corporation, Clondalkin Group, Paco Label |
| Key Drivers | • Increase usage of biodegradable films across various industries drives market growth. |
| Restraints | • Higher production costs of biodegradable films may hamper the market growth. |
Ans. The Compound Annual Growth rate for the Biodegradable Films Market over the forecast period is 6.7%.
Ans. The projected market size for the Biodegradable Films Market is USD 2.3 billion by 2032.
Ans: China dominated the Asia Pacific region in the Biodegradable Films Market with the highest revenue share in 2023.
Ans: The primary factors restraining the Biodegradable Films Market include higher production costs of biodegradable films may hamper the market growth.
Ans: Opportunities for the Biodegradable Films Market include increasing consumer demand for sustainable packaging solutions and the growing trend towards environmentally friendly products across various industries.
Table of Contents:
1. Introduction
1.1 Market Definition
1.2 Scope (Inclusion and Exclusions)
1.3 Research Assumptions
2. Executive Summary
2.1 Market Overview
2.2 Regional Synopsis
2.3 Competitive Summary
3. Research Methodology
3.1 Top-Down Approach
3.2 Bottom-up Approach
3.3. Data Validation
3.4 Primary Interviews
4. Market Dynamics Impact Analysis
3.1 Market Driving Factors Analysis
3.1.2 Drivers
3.1.2 Restraints
3.1.3 Opportunities
3.1.4 Challenges
3.2 PESTLE Analysis
3.3 Porter’s Five Forces Model
5. Statistical Insights and Trends Reporting
5.1 By Production Capacity and Utilization, by Country, By Type, 2023
5.2 Feedstock Prices, by Country, By Type, 2023
5.3 Regulatory Impact, by l Country, By Type, 2023.
5.4 Environmental Metrics: Emissions Data, Waste Management Practices, and Sustainability Initiatives, by Region
5.5 Innovation and R&D, Type, 2023
6. Competitive Landscape
6.1 List of Major Companies, By Region
6.2 Market Share Analysis, By Region
6.3 By Type Benchmarking
6.3.1 By Product specifications and features
6.3.2 Pricing
6.4 Strategic Initiatives
6.4.1 Marketing and promotional activities
6.4.2 Distribution and supply chain strategies
6.4.3 Expansion Plans and New Product Launches
6.4.4 Strategic partnerships and collaborations
6.5 Technological Advancements
6.6 Market Positioning and Branding
7. Biodegradable Films Market Segmentation, by Type
7.1 Chapter Overview
7.2 PLA
7.2.1 PLA Market Trends Analysis (2020-2032)
7.2.2 PLA Market Size Estimates and Forecasts to 2032 (USD Billion)
7.3 PHA
7.3.1 PHA Market Trends Analysis (2020-2032)
7.3.2 PHA Market Size Estimates and Forecasts to 2032 (USD Billion)
7.4 Starch Blends
7.4.1 Starch Blends Market Trends Analysis (2020-2032)
7.4.2 Starch Blends Market Size Estimates and Forecasts to 2032 (USD Billion)
7.5 Biodegradable Polyesters
7.5.1 Biodegradable Polyesters Market Trends Analysis (2020-2032)
7.5.2 Biodegradable Polyesters Market Size Estimates and Forecasts to 2032 (U
7.5.3 PBAT
7.5.3.1 PBAT Market Trends Analysis (2020-2032)
7.5.3.2 PBAT Market Size Estimates and Forecasts to 2032 (USD Billion)
7.5.4 PCL
7.5.4.1 PCL Market Trends Analysis (2020-2032)
7.5.4.2 PCL Market Size Estimates and Forecasts to 2032 (USD Billion)
7.5.5 PBS
7.5.5.1 PBS Market Trends Analysis (2020-2032)
7.5.5.2 PBS Market Size Estimates and Forecasts to 2032 (USD Billion)
7.6 Others
7.6.1 Others Market Trends Analysis (2020-2032)
7.6.2 Others Market Size Estimates and Forecasts to 2032 (USD Billion)
8. Biodegradable Films Market Segmentation, by Application
8.1 Chapter Overview
8.2 Food Packaging
8.2.1 Food Packaging Market Trends Analysis (2020-2032)
8.2.2 Food Packaging Market Size Estimates and Forecasts to 2032 (USD Billion)
8.3 Cosmetic & Personal Care Products Packaging
8.3.1 Cosmetic & Personal Care Products Packaging Market Trends Analysis (2020-2032)
8.3.2 Cosmetic & Personal Care Products Packaging Market Size Estimates and Forecasts to 2032 (USD Billion)
8.4 Agriculture & Horticulture
8.4.1 Agriculture & Horticulture Market Trends Analysis (2020-2032)
8.4.2 Agriculture & Horticulture Market Size Estimates and Forecasts to 2032 (USD Billion)
8.5 Industrial Packaging
8.5.1 Industrial Packaging Market Trends Analysis (2020-2032)
8.5.2 Industrial Packaging Market Size Estimates and Forecasts to 2032 (USD Billion)
9. Regional Analysis
9.1 Chapter Overview
9.2 North America
9.2.1 Trends Analysis
9.2.2 North America Biodegradable Films Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.2.3 North America Biodegradable Films Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.2.4 North America Biodegradable Films Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.2.5 USA
9.2.5.1 USA Biodegradable Films Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.2.5.2 USA Biodegradable Films Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.2.6 Canada
9.2.6.1 Canada Biodegradable Films Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.2.6.2 Canada Biodegradable Films Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.2.7 Mexico
9.2.7.1 Mexico Biodegradable Films Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.2.7.2 Mexico Biodegradable Films Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3 Europe
9.3.1 Eastern Europe
9.3.1.1 Trends Analysis
9.3.1.2 Eastern Europe Biodegradable Films Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.3.1.3 Eastern Europe Biodegradable Films Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.3.1.4 Eastern Europe Biodegradable Films Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.1.5 Poland
9.3.1.5.1 Poland Biodegradable Films Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.3.1.5.2 Poland Biodegradable Films Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.1.6 Romania
9.3.1.6.1 Romania Biodegradable Films Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.3.1.6.2 Romania Biodegradable Films Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.1.7 Hungary
9.3.1.7.1 Hungary Biodegradable Films Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.3.1.7.2 Hungary Biodegradable Films Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.1.8 Turkey
9.3.1.8.1 Turkey Biodegradable Films Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.3.1.8.2 Turkey Biodegradable Films Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.1.9 Rest of Eastern Europe
9.3.1.9.1 Rest of Eastern Europe Biodegradable Films Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.3.1.9.2 Rest of Eastern Europe Biodegradable Films Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2 Western Europe
9.3.2.1 Trends Analysis
9.3.2.2 Western Europe Biodegradable Films Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.3.2.3 Western Europe Biodegradable Films Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.3.2.4 Western Europe Biodegradable Films Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2.5 Germany
9.3.2.5.1 Germany Biodegradable Films Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.3.2.5.2 Germany Biodegradable Films Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2.6 France
9.3.2.6.1 France Biodegradable Films Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.3.2.6.2 France Biodegradable Films Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2.7 UK
9.3.2.7.1 UK Biodegradable Films Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.3.2.7.2 UK Biodegradable Films Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2.8 Italy
9.3.2.8.1 Italy Biodegradable Films Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.3.2.8.2 Italy Biodegradable Films Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2.9 Spain
9.3.2.9.1 Spain Biodegradable Films Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.3.2.9.2 Spain Biodegradable Films Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2.10 Netherlands
9.3.2.10.1 Netherlands Biodegradable Films Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.3.2.10.2 Netherlands Biodegradable Films Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2.11 Switzerland
9.3.2.11.1 Switzerland Biodegradable Films Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.3.2.11.2 Switzerland Biodegradable Films Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2.12 Austria
9.3.2.12.1 Austria Biodegradable Films Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.3.2.12.2 Austria Biodegradable Films Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2.13 Rest of Western Europe
9.3.2.13.1 Rest of Western Europe Biodegradable Films Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.3.2.13.2 Rest of Western Europe Biodegradable Films Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.4 Asia Pacific
9.4.1 Trends Analysis
9.4.2 Asia Pacific Biodegradable Films Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.4.3 Asia Pacific Biodegradable Films Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.4.4 Asia Pacific Biodegradable Films Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.4.5 China
9.4.5.1 China Biodegradable Films Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.4.5.2 China Biodegradable Films Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.4.6 India
9.4.5.1 India Biodegradable Films Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.4.5.2 India Biodegradable Films Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.4.5 Japan
9.4.5.1 Japan Biodegradable Films Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.4.5.2 Japan Biodegradable Films Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.4.6 South Korea
9.4.6.1 South Korea Biodegradable Films Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.4.6.2 South Korea Biodegradable Films Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.4.7 Vietnam
9.4.7.1 Vietnam Biodegradable Films Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.2.7.2 Vietnam Biodegradable Films Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.4.8 Singapore
9.4.8.1 Singapore Biodegradable Films Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.4.8.2 Singapore Biodegradable Films Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.4.9 Australia
9.4.9.1 Australia Biodegradable Films Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.4.9.2 Australia Biodegradable Films Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.4.10 Rest of Asia Pacific
9.4.10.1 Rest of Asia Pacific Biodegradable Films Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.4.10.2 Rest of Asia Pacific Biodegradable Films Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5 Middle East and Africa
9.5.1 Middle East
9.5.1.1 Trends Analysis
9.5.1.2 Middle East Biodegradable Films Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.5.1.3 Middle East Biodegradable Films Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.5.1.4 Middle East Biodegradable Films Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5.1.5 UAE
9.5.1.5.1 UAE Biodegradable Films Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.5.1.5.2 UAE Biodegradable Films Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5.1.6 Egypt
9.5.1.6.1 Egypt Biodegradable Films Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.5.1.6.2 Egypt Biodegradable Films Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5.1.7 Saudi Arabia
9.5.1.7.1 Saudi Arabia Biodegradable Films Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.5.1.7.2 Saudi Arabia Biodegradable Films Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5.1.8 Qatar
9.5.1.8.1 Qatar Biodegradable Films Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.5.1.8.2 Qatar Biodegradable Films Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5.1.9 Rest of Middle East
9.5.1.9.1 Rest of Middle East Biodegradable Films Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.5.1.9.2 Rest of Middle East Biodegradable Films Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5.2 Africa
9.5.2.1 Trends Analysis
9.5.2.2 Africa Biodegradable Films Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.5.2.3 Africa Biodegradable Films Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.5.2.4 Africa Biodegradable Films Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5.2.5 South Africa
9.5.2.5.1 South Africa Biodegradable Films Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.5.2.5.2 South Africa Biodegradable Films Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5.2.6 Nigeria
9.5.2.6.1 Nigeria Biodegradable Films Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.5.2.6.2 Nigeria Biodegradable Films Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.6 Latin America
9.6.1 Trends Analysis
9.6.2 Latin America Biodegradable Films Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.6.3 Latin America Biodegradable Films Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.6.4 Latin America Biodegradable Films Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.6.5 Brazil
9.6.5.1 Brazil Biodegradable Films Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.6.5.2 Brazil Biodegradable Films Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.6.6 Argentina
9.6.6.1 Argentina Biodegradable Films Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.6.6.2 Argentina Biodegradable Films Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.6.7 Colombia
9.6.7.1 Colombia Biodegradable Films Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.6.7.2 Colombia Biodegradable Films Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.6.8 Rest of Latin America
9.6.8.1 Rest of Latin America Biodegradable Films Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.6.8.2 Rest of Latin America Biodegradable Films Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10. Company Profiles
10.1 BASF SE
10.1.1 Company Overview
10.1.2 Financial
10.1.3 By Product / Services Offered
10.1.4 SWOT Analysis
10.2 Taghleef Industries
10.2.1 Company Overview
10.2.2 Financial
10.2.3 By Product / Services Offered
10.2.4 SWOT Analysis
10.3 Kingfa Sci. & Tech. Co., Ltd.
10.3.1 Company Overview
10.3.2 Financial
10.3.3 By Product / Services Offered
10.3.4 SWOT Analysis
10.4 BioBag Americas, Inc.
10.4.1 Company Overview
10.4.2 Financial
10.4.3 By Product / Services Offered
10.4.4 SWOT Analysis
10.5 Avery Dennison Corporation
10.5.1 Company Overview
10.5.2 Financial
10.5.3 By Product / Services Offered
10.5.4 SWOT Analysis
10.6 Bi-Ax International Inc.
10.6.1 Company Overview
10.6.2 Financial
10.6.3 By Product / Services Offered
10.6.4 SWOT Analysis
10.7 Cortec Corporation
10.7.1 Company Overview
10.7.2 Financial
10.7.3 By Product / Services Offered
10.7.4 SWOT Analysis
10.8 Clondalkin Group
10.8.1 Company Overview
10.8.2 Financial
10.8.3 By Product / Services Offered
10.8.4 SWOT Analysis
10.9 Paco Label
10.9.1 Company Overview
10.9.2 Financial
10.9.3 By Product / Services Offered
10.9.4 SWOT Analysis
10.10 Layfield Group
10.10.1 Company Overview
10.10.2 Financial
10.10.3 By Product / Services Offered
10.10.4 SWOT Analysis
11. Use Cases and Best Practices
12. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
Key Segments:
By Type
PLA
PHA
Starch Blends
Biodegradable Polyesters
PBAT
PCL
PBS
Others
By Application
Food Packaging
Cosmetic & Personal Care Products Packaging
Agriculture & Horticulture
Industrial Packaging
Others
Request for Segment Customization as per your Business Requirement: Segment Customization Request
Regional Coverage:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Request for Country Level Research Report: Country Level Customization Request
Available Customization
With the given market data, SNS Insider offers customization as per the company’s specific needs. The following customization options are available for the report:
Product Analysis
Criss-Cross segment analysis (e.g. Product X Application)
Product Matrix which gives a detailed comparison of the product portfolio of each company
Geographic Analysis
Additional countries in any of the regions
Company Information
Detailed analysis and profiling of additional market players (Up to five)
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The Antimicrobial Coatings Market Size was valued at USD 11.6 billion in 2023, and will reach USD 36.2 Bn by 2032, & grow at a CAGR of 13.5% by 2024-2032.
The Advanced Glass Market was valued at USD 64.29 Billion in 2023 and is expected to reach USD 127.10 Billion by 2032, growing at a CAGR of 7.89% by 2024-2032.
Antimicrobial Preservatives Market size was USD 3.1 Billion in 2023 and is projected to reach USD 4.6 Billion by 2032, at a CAGR of 4.5% from 2024 to 2032.
The Integrated Pest Management Pheromones Market size was valued at USD 980.24 million in 2023 and is expected to grow to USD 1943.23 million by 2032 and grow at a CAGR of 7.9% over the forecast period of 2024-2032.
Furfural Market Size was valued at USD 595.7 million in 2023, and is expected to reach USD 1095.2 million by 2032, growing at a CAGR of 7.0% from 2024 to 2032.
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