Biodegradable Films market is expected to grow at a CAGR of approximately 7% from 2021-2027 to exceed US$ 1.5 billion by 2027.
A comprehensive overview of the Biodegradable Films market is recently added by UnivDatos Market Insights to its humongous database. The Biodegradable Films market report has been aggregated by collecting informative data of various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the Biodegradable Films market. The Biodegradable Films market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the Biodegradable Films market at the global and regional levels. Biodegradable Films market is expected to grow at a CAGR of approximately 7% from 2021-2027 to exceed US$ 1.5 billion by 2027.
Market Overview
In 2020, the main application of plastics is as packaging material which accounts for 39.6% of the total production in Europe and is 50.7 million tons in 2019. Within the large sector, food packaging has received a great deal of attention with a global market which was estimated at around US$ 303 billion in 2019 and a 5.2% growth forecast until 2027 with an increase for flexible packaging. The reason why the production of plastic packaging is increasing is because it has advantageous characteristics such as low production cost, lightness, good mechanical performance and a satisfactory oxygen barrier. Plastics are however originated from petrochemicals and the increase in their consumption inevitably results in socioeconomic problems like scarcity and rising oil prices. Furthermore, they also cause environmental problems like generation and accumulation of solid waste which takes hundreds of years to decompose. Thus the shift towards biodegradable films for packaging and other purposes and growing in use.
Request Sample Copy of this Report @ https://univdatos.com/get-a-free-sample-form-php/?product_id=10804
COVID-19 Impact
With the advent of the coronavirus pandemic the usage of plastic surgical masks and PPE kits has increased tremendously. This increases the need of biodegradable films to reduce pollution. The global production of plastic increased from 1.5 million metric tons in 1950 to nearly 350 million metric tons in 2017, most of which is disposed in the landfill as waste and produce 2.8 billion tons of greenhouse gas per year. This consumption needs to be reduced and the easiest way to do that is by increasing the use of biodegradable films made from natural materials like chitin and lignin. This is already being done by a few companies around the world to produce biodegradable goods and surgical and beauty masks. This is an important initiative to promote the clean energy revolution which is much needed around the world.
Biodegradable Films market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
By Type, the market is primarily segmented into
· Polylactic Acid (PLA)
· Starch Blends
· Biodegradable Polyesters
o Polycaprolactone (PCL)
o Polybutylene Adipate Terephthalate (PBAT)
· Polyhydroxyalkanoates (PHA)
· Regenerated Cellulose
· Cellulose Derivatives
Amongst Type, the biodegradable polyesters segment of the Biodegradable Films market was valued at US$ X billion in 2020 and is likely to reach US$ X billion by 2027 and is growing at a CAGR of X% from 2021-2027.
Request Sample Copy of this Report @ https://univdatos.com/get-a-free-sample-form-php/?product_id=10804
By Crop Type, the market is primarily segmented into
· Flowers & Plants
· Grains & Oilseeds
· Fruits & Vegetables
Amongst Crop Type, Fruits and Vegetables segment accounted for a market valuation of US$ X billion in 2020 and is expected to reach US$ X billion by the year 2027, at a CAGR of X% over the analyzed period.
By Application, the market is primarily segmented into
· Food Packaging
· Cosmetic & Personal Care Products Packaging
· Agriculture & Horticulture
· Industrial Packaging
· Other Applications
o Carrier Bags
o Service Ware
o Composting
Amongst Application, the Food Packaging segment of the Biodegradable Films market was valued at US$ X billion in 2020 and is likely to reach US$ X billion by 2027 and is growing at a CAGR of X% from 2021-2027.
By End-User, the market is primarily segmented into
· Retail Store
· Supermarket
Amongst End-User, Supermarket segment accounted for a market valuation of US$ X billion in 2020 and is expected to reach US$ X billion by the year 2027, at a CAGR of X% over the analyzed period.
Request Sample Copy of this Report @ https://univdatos.com/get-a-free-sample-form-php/?product_id=10804
Biodegradable Films Market Geographical Segmentation Includes:
· North America
· Europe
· Asia-Pacific
· Rest of the World
Based on the estimation, the Asia Pacific region dominated the Biodegradable Films market with almost X% revenue share in 2020 and saw the highest CAGR of X% in the forecast period due to increasing awareness about environmental safety and use of sustainable products.
The major players targeting the market includes
· BASF SE
· Plascon Group
· Walki Group Oy
· Futamura Chemical Co. Ltd.
· Cortec Corporation
· Bi-ax International Inc.
· Biobag Americas, Inc.
· Taghleef Industries
· Clondalkin Group
· Tipa Corp. Ltd.
Competitive Landscape
The degree of competition among prominent global companies has been elaborated by analysing several leading key players operating worldwide. The specialist team of research analysts’ sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Biodegradable Films market. The leading players have been analysed by using research methodologies for getting insight views on global competition.
For more informative information, please visit us @ https://univdatos.com/report/biodegradable-films-market/
Key questions resolved through this analytical market research report include:
· What are the latest trends, new patterns, and technological advancements in the Biodegradable Films market?
· Which factors are influencing the Biodegradable Films market over the forecast period?
· What are the global challenges, threats, and risks in the Biodegradable Films market?
· Which factors are propelling and restraining the Biodegradable Films market?
· What are the demanding global regions of the Biodegradable Films market?
· What will be the global market size in the upcoming years?
· What are the crucial market acquisition strategies and policies applied by global companies?
We understand the requirement of different businesses, regions, and countries, we offer customized reports as per your requirements of business nature and geography. Please let us know If you have any custom needs.
About UnivDatos Market Insights
UnivDatos Market Insights (UMI) is a passionate market research firm and a subsidiary of Universal Data Solutions. We believe in delivering insights through Market Intelligence Reports, Customized Business Research, and Primary Research. Our research studies are spread across topics across the world, we cover markets in over 100 countries using smart research techniques and agile methodologies. We offer in-depth studies, detailed analysis, and customized reports that help shape winning business strategies for our clients.
Contact Us-
UnivDatos Market Insights
Ph: +91-7838604911
Email: sales@univdatos.com
Website: https://univdatos.com/
