Biodegradable Films Market

Biodegradable Films Market by Type (PLA, Starch Blends, Biodegradable Polyesters, PHA), Application (Food Packaging, Agriculture & Horticulture, Cosmetic & Personal Care Products Packaging, Industrial Packaging) and Region - Global Forecast to 2026

Report Code: PK 7699 Jan, 2022, by marketsandmarkets.com

[178 Pages Report] The global biodegradable films market size is estimated to be USD 1.0 billion in 2021 and projected to reach USD 1.4 billion by 2026, at a CAGR of 7.2%. The growing awareness regarding plastic waste and its adverse impact on the environment is one the primary factors driving market growth. Moreover, factors like growing demand from the food packaging industry, and high demand from the agriculture & horticulture sector are also contributing toward the market growth of biodegradable films.

Biodegradable Films Market

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COVID-19 Impact on the Global Automotive Airbags & Seatbelts Market

The primary application segments of biodegradable films market are the agriculture & horticulture and food packaging. COVID-19 is expected to have a mixed impact on these applications.

  • The demand for biodegradable films is estimated to experience a dip due to the outbreak of COVID-19 around the world in 2020. However, the food industry has remained operational throughout; thus, the impact on the biodegradable films market is assumed to be negligible.
  • The impact of COVID-19 outbreak on demand for biodegradable films in the agricultural industry is considered to be slightly affected at the global level, due to disruption in the supply chain.

Biodegradable Films Market Dynamics

Driver: High demand from food packaging industry

Polylactic acid (PLA), starch-based plastics, and polyhydroxyalkanoates (PHA) are being increasingly used as raw materials to manufacture food & beverage packaging products due to their ease of disposability, degradability, and recyclability. This has led companies to adopt green packaging labels as a strategy for branding and customer acquisition, thereby increasing the demand for biodegradable films in the food packaging & compostable bags applications.

Restraint: Higher cost of biodegradable films compared to conventional plastic films

The major restraint to the growth of the biodegradable films market is cost-competitive inability. Generally, the production cost of biodegradable films is 20-80% higher than that of conventional plastic films. This is primarily due to the high polymerization cost of biodegradable plastics, as most of the processes are still in the development stage and, hence, have not achieved economies of scale.

Opportunity: Steadily growing bioplastic industry worldwide

The bioplastic industry is witnessing an impressive growth rate around the world, which can be considered as an opportunity for the biodegradable films market. For instance, as per data provided by Packaging Europe in December 2019, the global bioplastics production capacity is projected to increase from around 2.1 million tons in 2019 to 2.4 million tons by 2024.

Challenge: Performance issues related to biodegradable films

Low barrier properties to air, water, and oxygen and low resistance to heat, when compared to conventional plastic films, are some of the major performance issues related to biodegradable films.

Starch blends is projected to grow at a very high CAGR during the forecast period.

Starch blends are considered excellent biodegradable fillers as they have thermal stability and make minimal interference with the melt-flow properties of most materials. They can be used to reduce the cost and accelerate the biodegradation of the composite materials. The growth of the starch blends segment is attributed starch blends being considered as an effective and renewable alternative to the plastics derived from petroleum derivatives.

Food Packaging is projected to be a large consumer of biodegradable films during the forecasted period.

Egg trays, edible coating, paper boards, wrapping films, and food containers are some of the common applications of biodegradable films in the food packaging industry. PLA, starch blends, PBS, PHA, and cellulose are the most widely used biodegradable films in the food packaging industry. Biodegradable films are mainly used in fresh & frozen food packaging as well as the packaging of dried snacks & candy, bakery goods, water & juice bottles, meat trays, and coatings for beverages cups, and films & card stock.

Asia Pacific is projected to grow at the highest CAGR during the forecast period.

Asia Pacific is projected to be the fastest-growing market for biodegradable films during the forecast period. Factors such as, adoption of application of various environmental regulations as well as the rising government regulations regarding the ban on conventional plastic bags and global warming initiatives are expected to drive the demand for biodegradable films for packaging applications in Asia Pacific.

Biodegradable Films Market by Region

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BASF SE (Germany), Futamura Chemical Co. Ltd. (Japan), Taghleef Industries (UAE), Walki Group Oy (Finland), Kingfa Sci. & Tech. Co., Ltd. (China), BioBag Americas, Inc. (US), Avery Dennison Corporation (US), Plascon Group (US), Bi-Ax International Inc. (Canada), Cortec Corporation (US), Clondalkin Group (Netherlands), TRIOWORLD INDUSTRIER AB (Sweden), Groupe Barbier (France), Paco Label (US), Layfield Group (Canada), and Polystar Plastics Ltd. (UK) are some of the leading players operating in the biodegradable films market.

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Scope of the Report

Report Metric

Details

Market Size Available for Years

2018–2026

Base Year Considered

2020

Forecast Period

2021–2026

Forecast Units

Value (USD Million and USD Billion) and Volume (Kilotons)

Segments Covered

Application, Type, and Region

Geographies Covered

Asia Pacific, North America, Europe, Middle East & Africa, and South America

Companies Covered

The major market players include BASF SE (Germany), Futamura Chemical Co. Ltd. (Japan), Taghleef Industries (UAE), Walki Group Oy (Finland), and Kingfa Sci. & Tech. Co., Ltd. (China) (Total of 19 companies)

This research report categorizes the Biodegradable Films Market based on application, type, and region.

Based on Application, the biodegradable films market has been segmented as follows:

  • Food Packaging
  • Agriculture & Horticulture
  • Cosmetic & Personal Care Products Packaging
  • Industrial Packaging
  • Others (Composting, Service Ware, and Carrier Bags)

Based on Type, the biodegradable films market has been segmented as follows:

  • PLA
  • Starch Blends
  • Biodegradable Polyesters
    • PCL
    • PBAT
    • PBS
  • PHA
  • Others (Regenerated Cellulose, and Cellulose Derivatives)

Based on Region, the microcapsule market has been segmented as follows:

  • Asia Pacific
  • North America
  • Europe
  • Middle East & Africa
  • South America

Recent Developments

  • In February 2020, BASF SE partnered with Fabbri Group (Italy) to develop a new cling film for fresh food packaging. As part of the partnership, Fabbri Group will develop the stretch film, Nature Fresh, by using the certified compostable and bio-based bioplastic, Ecovio, which is offered by BASF SE. This partnership is expected to help increase the share of BASF SE in the biodegradable films market in Italy.
  • In April 2021, Walki Group acquired Plasbel, the Spanish leader in sustainable packaging solutions. Plasbel helped Walki to expand its reach in Europe by offering a diverse range of food packaging solutions, as well as post-consumer recycled and compostable films for use in the retail and hospitality industries. As part of Walki's objective to increase circularity and recyclability of packaging materials, this acquisition is a significant step. The combined entity's complementing R&D skills enabled it becomes a leading biofilm converter with significant expansion potential across.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 27)
    1.1 OBJECTIVES OF THE STUDY
    1.2 MARKET DEFINITION
    1.3 MARKET SCOPE 
          FIGURE 1 BIODEGRADABLE FILMS MARKET SEGMENTATION
          FIGURE 2 GEOGRAPHIC SCOPE
    1.4 INCLUSIONS & EXCLUSIONS
           1.4.1 BIODEGRADABLE FILMS MARKET, BY REGION: INCLUSIONS & EXCLUSIONS
           1.4.2 YEARS CONSIDERED FOR THE STUDY
    1.5 CURRENCY CONSIDERED
    1.6 STAKEHOLDERS
    1.7 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 31)
    2.1 RESEARCH DATA
          FIGURE 3 BIODEGRADABLE FILMS MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key data from primary sources
                    2.1.2.2 Breakdown of primary interviews
                                FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION
    2.2 MARKET SIZE ESTIMATION
           2.2.1 APPROACH ONE (BASED ON THE GLOBAL MARKET)
                    FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
           2.2.2 APPROACH TWO (BASED ON TYPE, BY REGION)
                    FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
    2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
          FIGURE 7 MARKET BREAKDOWN AND DATA TRIANGULATION
    2.4 RESEARCH ASSUMPTIONS & LIMITATIONS
           2.4.1 ASSUMPTIONS
           2.4.2 LIMITATIONS

3 EXECUTIVE SUMMARY (Page No. - 38)
    FIGURE 8 PLA SEGMENT TO LEAD BIODEGRADABLE FILMS MARKET
    FIGURE 9 FOOD PACKAGING SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
    FIGURE 10 EUROPE TO BE LARGEST MARKET FOR BIODEGRADABLE FILMS DURING FORECAST PERIOD
    FIGURE 11 EUROPE ACCOUNTED FOR LARGEST SHARE OF BIODEGRADABLE FILMS MARKET IN 2020

4 PREMIUM INSIGHTS (Page No. - 41)
    4.1 SIGNIFICANT OPPORTUNITIES IN BIODEGRADABLE FILMS MARKET
          FIGURE 12 BIODEGRADABLE FILMS MARKET TO WITNESS MODERATE GROWTH BETWEEN 2021 AND 2026
    4.2 BIODEGRADABLE FILMS MARKET, BY REGION
          FIGURE 13 BIODEGRADABLE FILMS MARKET IN ASIA PACIFIC TO GROW AT HIGHEST RATE DURING FORECAST PERIOD
    4.3 EUROPE BIODEGRADABLE FILMS MARKET, BY COUNTRY AND APPLICATION
          FIGURE 14 FOOD PACKAGING SEGMENT TO DOMINATE EUROPE BIODEGRADABLE FILMS MARKET IN 2020 BY VOLUME
    4.4 BIODEGRADABLE FILMS MARKET, BY TYPE
          FIGURE 15 PLA SEGMENT TO LEAD BIODEGRADABLE FILMS MARKET BETWEEN 2021 AND 2026

5 MARKET OVERVIEW (Page No. - 43)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
          FIGURE 16 MARKET DYNAMICS: BIODEGRADABLE FILMS MARKET
           5.2.1 DRIVERS
                    5.2.1.1 High demand from food packaging industry
                    5.2.1.2 Shift in consumer preference toward eco-friendly plastic products
                                TABLE 1 ADVERSE HEALTH EFFECTS DUE TO USE OF CONVENTIONAL PLASTICS
                    5.2.1.3 Focus of governments on green procurement policies
           5.2.2 RESTRAINTS
                    5.2.2.1 Higher cost of biodegradable films than that of conventional plastic films
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Steadily growing global bioplastic industry
                    5.2.3.2 Growing demand for biodegradable films in composting applications
           5.2.4 CHALLENGES
                    5.2.4.1 Performance issues related to biodegradable films
                    5.2.4.2 Adverse impact of COVID-19
    5.3 PORTER’S FIVE FORCES ANALYSIS
          FIGURE 17 BIODEGRADABLE FILMS MARKET: PORTER’S FIVE FORCES ANALYSIS
           5.3.1 BARGAINING POWER OF SUPPLIERS
           5.3.2 BARGAINING POWER OF BUYERS
           5.3.3 THREAT OF NEW ENTRANTS
           5.3.4 THREAT OF SUBSTITUTES
           5.3.5 INTENSITY OF COMPETITIVE RIVALRY
    5.4 ADJACENT AND INTERCONNECTED MARKETS
          TABLE 2 ADJACENT AND NTERCONNECTED MARKETS (USD MILLION)

6 IMPACT OF COVID-19 ON BIODEGRADABLE FILMS MARKET (Page No. - 49)
    6.1 INTRODUCTION
           6.1.1 IMPACT OF COVID-19 ON LIVES AND LIVELIHOOD
    6.2 IMPACT OF COVID-19: CUSTOMER ANALYSIS
           6.2.1 IMPACT ON END-USE INDUSTRIES
                    6.2.1.1 Food packaging
                    6.2.1.2 Consumer & personal care goods packaging
                    6.2.1.3 Industrial packaging
                    6.2.1.4 Agriculture & horticulture

7 BIODEGRADABLE FILMS MARKET, BY TYPE (Page No. - 51)
    7.1 INTRODUCTION
          FIGURE 18 BIODEGRADABLE FILMS MARKET SIZE, BY TYPE, 2021 & 2026 (USD MILLION)
          TABLE 3 BIODEGRADABLE FILMS MARKET SIZE, BY TYPE, 2018–2026 (USD MILLION)
          TABLE 4 BIODEGRADABLE FILMS MARKET SIZE, BY TYPE, 2018–2026 (KILOTON)
    7.2 PLA
           7.2.1 INCREASING DEMAND FOR PLA IN FOOD PACKAGING APPLICATIONS DRIVE THE GROWTH OF THIS SEGMENT
                    TABLE 5 BIODEGRADABLE PLA FILMS MARKET SIZE, BY REGION, 2018–2026 (USD MILLION)
                    TABLE 6 BIODEGRADABLE PLA FILMS MARKET SIZE, BY REGION, 2018–2026 (KILOTON)
    7.3 STARCH BLENDS
           7.3.1 GROWING DEMAND FOR STARCH AS AN EFFECTIVE ALTERNATIVE TO PETROLEUM DERIVED PLASTICS DRIVE THIS SEGMENT
                    TABLE 7 BIODEGRADABLE STARCH BLENDS MARKET SIZE, BY REGION, 2018–2026 (USD MILLION)
                    TABLE 8 BIODEGRADABLE STARCH BLENDS MARKET SIZE, BY REGION, 2018–2026 (KILOTON)
    7.4 BIODEGRADABLE POLYESTER
           7.4.1 PCL
                    7.4.1.1 Demand for PCL to grow in biomedical applications
           7.4.2 PBAT
                    7.4.2.1 Flexibility and resilience of PBAT ideal for blending with other biodegradable polymers
           7.4.3 PBS
                    7.4.3.1 Cost-effective production of PBS to drive its demand during forecast period
                    TABLE 9 BIODEGRADABLE POLYESTER FILMS MARKET SIZE, BY REGION, 2018–2026 (USD MILLION)
                                TABLE 10 BIODEGRADABLE POLYESTER FILMS MARKET SIZE, BY REGION, 2018–2026 (KILOTON)
    7.5 PHA
           7.5.1 LIQUID PACKAGING OF HIGH-QUALITY MATERIALS TO INFLUENCE MARKET GROWTH
                    TABLE 11 BIODEGRADABLE PHA FILMS MARKET SIZE, BY REGION, 2018–2026 (USD MILLION)
                    TABLE 12 BIODEGRADABLE PHA FILMS MARKET SIZE, BY REGION, 2018–2026 (KILOTON)
    7.6 OTHERS
          TABLE 13 OTHER BIODEGRADABLE FILMS MARKET SIZE, BY REGION, 2018–2026 (USD MILLION)
          TABLE 14 OTHER BIODEGRADABLE FILMS MARKET SIZE, BY REGION, 2018–2026 (KILOTON)

8 BIODEGRADABLE FILMS MARKET, BY APPLICATION (Page No. - 59)
    8.1 INTRODUCTION
          FIGURE 19 BIODEGRADABLE FILMS MARKET SIZE, BY APPLICATION, 2021 & 2026 (USD MILLION)
          TABLE 15 BIODEGRADABLE FILMS MARKET SIZE, BY APPLICATION, 2018–2026 (USD MILLION)
          TABLE 16 BIODEGRADABLE FILMS MARKET SIZE, BY APPLICATION, 2018–2026 (KILOTON)
    8.2 FOOD PACKAGING
           8.2.1 LARGEST SEGMENT OF BIODEGRADABLE FILMS MARKET
                    TABLE 17 BIODEGRADABLE FILMS MARKET IN FOOD PACKAGING, BY REGION,  2018–2026 (USD MILLION)
                    TABLE 18 BIODEGRADABLE FILMS MARKET IN FOOD PACKAGING, BY REGION, 2018–2026 (KILOTON)
    8.3 AGRICULTURE & HORTICULTURE
           8.3.1 BIODEGRADABLE FILMS REQUIRED TO MANUFACTURE MULCHES, SEEDING STRIPS, AND TAPES
                    TABLE 19 BIODEGRADABLE FILMS MARKET IN AGRICULTURE & HORTICULTURE, BY REGION, 2018–2026 (USD MILLION)
                    TABLE 20 BIODEGRADABLE FILMS MARKET IN AGRICULTURE & HORTICULTURE, BY REGION, 2018–2026 (KILOTON)
    8.4 COSMETICS & PERSONAL CARE PRODUCTS PACKAGING
           8.4.1 LOW RECYCLING RATE IN COSMETIC PACKAGING INDUSTRY FUELING DEMAND
                    TABLE 21 BIODEGRADABLE FILMS MARKET IN COSMETICS & PERSONAL CARE PRODUCTS PACKAGING, BY REGION, 2018–2026 (USD MILLION)
                    TABLE 22 BIODEGRADABLE FILMS MARKET IN COSMETICS & PERSONAL CARE PRODUCTS PACKAGING, BY REGION, 2018–2026 (KILOTON)
    8.5 INDUSTRIAL PACKAGING
           8.5.1 RISING CONCERNS OF GLOBAL WARMING AND PLASTIC WASTE TO INCREASE ADOPTION OF BIODEGRADABLE FILMS
                    TABLE 23 BIODEGRADABLE FILMS MARKET IN INDUSTRIAL PACKAGING, BY REGION, 2018–2026 (USD MILLION)
                    TABLE 24 BIODEGRADABLE FILMS MARKET IN INDUSTRIAL PACKAGING, BY REGION, 2018–2026 (KILOTON)
    8.6 OTHERS
          TABLE 25 BIODEGRADABLE FILMS MARKET IN OTHER APPLICATIONS, BY REGION, 2018–2026 (USD MILLION)
          TABLE 26 BIODEGRADABLE FILMS MARKET IN OTHER APPLICATIONS, BY REGION, 2018–2026 (KILOTON)

9 BIODEGRADABLE FILMS MARKET, BY REGION (Page No. - 67)
    9.1 INTRODUCTION
          FIGURE 20 EUROPE TO REMAIN LARGEST MARKET
          TABLE 27 BIODEGRADABLE FILMS MARKET SIZE, BY REGION, 2018–2026 (USD MILLION)
          TABLE 28 BIODEGRADABLE FILMS MARKET SIZE, BY REGION, 2018–2025 (KILOTON)
    9.2 EUROPE
          FIGURE 21 EUROPE: BIODEGRADABLE FILMS MARKET SNAPSHOT
          TABLE 29 EUROPE: BIODEGRADABLE FILMS MARKET SIZE, BY COUNTRY, 2018–2026 (USD MILLION)
          TABLE 30 EUROPE: BIODEGRADABLE FILMS MARKET SIZE, BY COUNTRY, 2018–2026 (KILOTON)
          TABLE 31 EUROPE: BIODEGRADABLE FILMS MARKET SIZE, BY APPLICATION, 2018–2026 (USD MILLION)
          TABLE 32 EUROPE: BIODEGRADABLE FILMS MARKET SIZE, BY APPLICATION, 2018–2026 (KILOTON)
          TABLE 33 EUROPE: BIODEGRADABLE FILMS MARKET SIZE, BY TYPE, 2018–2026 (USD MILLION)
          TABLE 34 EUROPE: BIODEGRADABLE FILMS MARKET SIZE, BY TYPE, 2018–2026 (KILOTON)
           9.2.1 GERMANY
                    9.2.1.1 Various government regulations for reducing plastic packaging waste to boost biodegradable films market
                                TABLE 35 GERMANY: BIODEGRADABLE FILMS MARKET SIZE, BY APPLICATION, 2018–2026 (USD MILLION)
                                TABLE 36 GERMANY: BIODEGRADABLE FILMS MARKET SIZE, BY APPLICATION, 2018–2025 (KILOTON)
                                TABLE 37 GERMANY: BIODEGRADABLE FILMS MARKET SIZE, BY TYPE, 2018–2025 (USD MILLION)
                                TABLE 38 GERMANY: BIODEGRADABLE FILMS MARKET SIZE, BY TYPE, 2018–2025 (KILOTON)
           9.2.2 ITALY
                    9.2.2.1 Increasing use of biodegradable films in agriculture industry
                                TABLE 39 ITALY: BIODEGRADABLE FILMS MARKET SIZE, BY APPLICATION, 2018–2026 (USD MILLION)
                                TABLE 40 ITALY: BIODEGRADABLE FILMS MARKET SIZE, BY APPLICATION, 2018–2026 (KILOTON)
                                TABLE 41 ITALY: BIODEGRADABLE FILMS MARKET SIZE, BY TYPE, 2018–2026 (USD MILLION)
                                TABLE 42 ITALY: BIODEGRADABLE FILMS MARKET SIZE, BY TYPE, 2018–2026 (KILOTON)
           9.2.3 SPAIN
                    9.2.3.1 Increasing investments related to bio-based plastics to enhance market
                                TABLE 43 SPAIN: BIODEGRADABLE FILMS MARKET SIZE, BY APPLICATION, 2018–2026 (USD MILLION)
                                TABLE 44 SPAIN: BIODEGRADABLE FILMS MARKET SIZE, BY APPLICATION, 2018–2026 (KILOTON)
                                TABLE 45 SPAIN: BIODEGRADABLE FILMS MARKET SIZE, BY TYPE, 2018–2026 (USD MILLION)
                                TABLE 46 SPAIN: BIODEGRADABLE FILMS MARKET SIZE, BY TYPE, 2018–2026 (KILOTON)
           9.2.4 UK
                    9.2.4.1 Growing food & beverage packaging industry boosting market
                                TABLE 47 UK: BIODEGRADABLE FILMS MARKET SIZE, BY APPLICATION, 2018–2026 (USD MILLION)
                                TABLE 48 UK: BIODEGRADABLE FILMS MARKET SIZE, BY APPLICATION, 2018–2026 (KILOTON)
                                TABLE 49 UK: BIODEGRADABLE FILMS MARKET SIZE, BY TYPE, 2018–2026 (USD MILLION)
                                TABLE 50 UK: BIODEGRADABLE FILMS MARKET SIZE, BY TYPE, 2018–2026 (KILOTON)
           9.2.5 FRANCE
                    9.2.5.1 Cosmetic & personal care products packaging
                                TABLE 51 FRANCE: BIODEGRADABLE FILMS MARKET SIZE, BY APPLICATION, 2018–2026 (USD MILLION)
                                TABLE 52 FRANCE: BIODEGRADABLE FILMS MARKET SIZE, BY APPLICATION, 2018–2026 (KILOTON)
                                TABLE 53 FRANCE: BIODEGRADABLE FILMS MARKET SIZE, BY TYPE, 2018–2026 (USD MILLION)
                                TABLE 54 FRANCE: BIODEGRADABLE FILMS MARKET SIZE, BY TYPE, 2018–2026 (KILOTON)
           9.2.6 RUSSIA
                    9.2.6.1 Estimated to be fastest-growing biodegradable films market in Europe during forecast period
                                TABLE 55 RUSSIA: BIODEGRADABLE FILMS MARKET SIZE, BY APPLICATION, 2018–2026 (USD MILLION)
                                TABLE 56 RUSSIA: BIODEGRADABLE FILMS MARKET SIZE, BY APPLICATION, 2018–2026 (KILOTON)
                                TABLE 57 RUSSIA: BIODEGRADABLE FILMS MARKET SIZE, BY TYPE, 2018–2026 (USD MILLION)
                                TABLE 58 RUSSIA: BIODEGRADABLE FILMS MARKET SIZE, BY TYPE, 2018–2026 (KILOTON)
           9.2.7 REST OF EUROPE
                    TABLE 59 REST OF EUROPE: BIODEGRADABLE FILMS MARKET SIZE, BY APPLICATION, 2018–2026 (USD MILLION)
                    TABLE 60 REST OF EUROPE: BIODEGRADABLE FILMS MARKET SIZE, BY APPLICATION, 2018–2026 (KILOTON)
                    TABLE 61 REST OF EUROPE: BIODEGRADABLE FILMS MARKET SIZE, BY TYPE, 2018–2026 (USD MILLION)
                    TABLE 62 REST OF EUROPE: BIODEGRADABLE FILMS MARKET SIZE, BY TYPE, 2018–2026 (KILOTON)
    9.3 NORTH AMERICA
          FIGURE 22 NORTH AMERICA: BIODEGRADABLE FILMS MARKET SNAPSHOT
          TABLE 63 NORTH AMERICA: BIODEGRADABLE FILMS MARKET SIZE, BY COUNTRY, 2018–2026 (USD MILLION)
          TABLE 64 NORTH AMERICA: BIODEGRADABLE FILMS MARKET SIZE, BY COUNTRY, 2018–2026 (KILOTON)
          TABLE 65 NORTH AMERICA: BIODEGRADABLE FILMS MARKET SIZE, BY APPLICATION, 2018–2026 (USD MILLION)
          TABLE 66 NORTH AMERICA: BIODEGRADABLE FILMS MARKET SIZE, BY APPLICATION, 2018–2026 (KILOTON)
          TABLE 67 NORTH AMERICA: BIODEGRADABLE FILMS MARKET SIZE, BY TYPE, 2018–2026 (USD MILLION)
          TABLE 68 NORTH AMERICA: BIODEGRADABLE FILMS MARKET SIZE, BY TYPE, 2018–2026 (KILOTON)
           9.3.1 US
                    9.3.1.1 Accounted for largest share of North American biodegradable films market in 2020
                                TABLE 69 US: BIODEGRADABLE FILMS MARKET SIZE, BY APPLICATION, 2018–2026 (USD MILLION)
                                TABLE 70 US: BIODEGRADABLE FILMS MARKET SIZE, BY APPLICATION, 2018–2026 (KILOTON)
                                TABLE 71 US: BIODEGRADABLE FILMS MARKET SIZE, BY TYPE, 2018–2026 (USD MILLION)
                                TABLE 72 US: BIODEGRADABLE FILMS MARKET SIZE, BY TYPE, 2018–2026 (KILOTON)
           9.3.2 CANADA
                    9.3.2.1 PLA type segment led Canada biodegradable films market in 2020
                                TABLE 73 CANADA: BIODEGRADABLE FILMS MARKET SIZE, BY APPLICATION, 2018–2026 (USD MILLION)
                                TABLE 74 CANADA: BIODEGRADABLE FILMS MARKET SIZE, BY APPLICATION, 2018–2026 (KILOTON)
                                TABLE 75 CANADA: BIODEGRADABLE FILMS MARKET SIZE, BY TYPE,  2018–2026 (USD MILLION)
                                TABLE 76 CANADA: BIODEGRADABLE FILMS MARKET SIZE, BY TYPE, 2018–2026 (KILOTON)
           9.3.3 MEXICO
                    9.3.3.1 Growing environmental concerns fueling demand for sustainable alternatives
                                TABLE 77 MEXICO: BIODEGRADABLE FILMS MARKET SIZE, BY APPLICATION, 2018–2026 (USD MILLION)
                                TABLE 78 MEXICO: BIODEGRADABLE FILMS MARKET SIZE, BY APPLICATION,  2018–2026 (KILOTON)
                                TABLE 79 MEXICO: BIODEGRADABLE FILMS MARKET SIZE, BY TYPE, 2018–2026 (USD MILLION)
                                TABLE 80 MEXICO: BIODEGRADABLE FILMS MARKET SIZE, BY TYPE, 2018–2026 (KILOTON)
    9.4 ASIA PACIFIC
          FIGURE 23 ASIA PACIFIC: BIODEGRADABLE FILMS MARKET SNAPSHOT
          TABLE 81 ASIA PACIFIC: BIODEGRADABLE FILMS MARKET SIZE, BY COUNTRY, 2018–2026 (USD MILLION)
          TABLE 82 ASIA PACIFIC: BIODEGRADABLE FILMS MARKET SIZE, BY COUNTRY, 2018–2026 (KILOTON)
          TABLE 83 ASIA PACIFIC: BIODEGRADABLE FILMS MARKET SIZE, BY APPLICATION, 2018–2026 (USD MILLION)
          TABLE 84 ASIA PACIFIC: BIODEGRADABLE FILMS MARKET SIZE, BY APPLICATION, 2018–2026 (KILOTON)
          TABLE 85 ASIA PACIFIC: BIODEGRADABLE FILMS MARKET SIZE, BY TYPE, 2018–2026 (USD MILLION)
          TABLE 86 ASIA PACIFIC: BIODEGRADABLE FILMS MARKET SIZE, BY TYPE, 2018–2026 (KILOTON)
           9.4.1 CHINA
                    9.4.1.1 China to be largest and fastest-growing market for biodegradable films in Asia Pacific
                                TABLE 87 CHINA: BIODEGRADABLE FILMS MARKET SIZE, BY APPLICATION, 2018–2026 (USD MILLION)
                                TABLE 88 CHINA: BIODEGRADABLE FILMS MARKET SIZE, BY APPLICATION, 2018–2026 (KILOTON)
                                TABLE 89 CHINA: BIODEGRADABLE FILMS MARKET SIZE, BY TYPE, 2018–2026 (USD MILLION)
                                TABLE 90 CHINA: BIODEGRADABLE FILMS MARKET SIZE, BY TYPE, 2018–2026 (KILOTON)
           9.4.2 JAPAN
                    9.4.2.1 Rising pollution caused by plastics to fuel demand for biodegradable films
                                TABLE 91 JAPAN: BIODEGRADABLE FILMS MARKET SIZE, BY APPLICATION, 2018–2026 (USD MILLION)
                                TABLE 92 JAPAN: BIODEGRADABLE FILMS MARKET SIZE, BY APPLICATION, 2018–2026 (KILOTON)
                                TABLE 93 JAPAN: BIODEGRADABLE FILMS MARKET SIZE, BY TYPE, 2018–2026 (USD MILLION)
                                TABLE 94 JAPAN BIODEGRADABLE FILMS MARKET SIZE, BY TYPE,  2018–2026 (KILOTON)
           9.4.3 INDIA
                    9.4.3.1 Extensive use of biodegradable mulch films in agriculture industry
                                TABLE 95 INDIA: BIODEGRADABLE FILMS MARKET SIZE, BY APPLICATION, 2018–2026 (USD MILLION)
                                TABLE 96 INDIA: BIODEGRADABLE FILMS MARKET SIZE, BY APPLICATION, 2018–2026 (KILOTON)
                                TABLE 97 INDIA: BIODEGRADABLE FILMS MARKET SIZE, BY TYPE,  2018–2026 (USD MILLION)
                                TABLE 98 INDIA: BIODEGRADABLE FILMS MARKET SIZE, BY TYPE, 2018–2026 (KILOTON)
           9.4.4 SOUTH KOREA
                    9.4.4.1 Use of biodegradable plastics gaining momentum with increasing environmental concerns
                                TABLE 99 SOUTH KOREA: BIODEGRADABLE FILMS MARKET SIZE, BY APPLICATION, 2018–2026 (USD MILLION)
                                TABLE 100 SOUTH KOREA: BIODEGRADABLE FILMS MARKET SIZE, BY APPLICATION, 2018–2026 (KILOTON)
                                TABLE 101 SOUTH KOREA: BIODEGRADABLE FILMS MARKET SIZE, BY TYPE, 2018–2026 (USD MILLION)
                                TABLE 102 SOUTH KOREA BIODEGRADABLE FILMS MARKET SIZE, BY TYPE, 2018–2026 (KILOTON)
           9.4.5 MALAYSIA
                    9.4.5.1 High demand from food packaging industry to propel market growth
                                TABLE 103 MALAYSIA: BIODEGRADABLE FILMS MARKET SIZE, BY APPLICATION, 2018–2026 (USD MILLION)
                                TABLE 104 MALAYSIA: BIODEGRADABLE FILMS MARKET SIZE, BY APPLICATION, 2018–2026 (KILOTON)
                                TABLE 105 MALAYSIA: BIODEGRADABLE FILMS MARKET SIZE, BY TYPE, 2018–2026 (USD MILLION)
                                TABLE 106 MALAYSIA: BIODEGRADABLE FILMS MARKET SIZE, BY TYPE, 2018–2026 (KILOTON)
           9.4.6 SINGAPORE
                    9.4.6.1 Increased demand in food packaging industry to drive demand for biodegradable films
                                TABLE 107 SINGAPORE: BIODEGRADABLE FILMS MARKET SIZE, BY APPLICATION, 2018–2026 (USD MILLION)
                                TABLE 108 SINGAPORE: BIODEGRADABLE FILMS MARKET SIZE, BY APPLICATION, 2018–2026 (KILOTON)
                                TABLE 109 SINGAPORE: BIODEGRADABLE FILMS MARKET SIZE, BY TYPE, 2018–2026 (USD MILLION)
                                TABLE 110 SINGAPORE: BIODEGRADABLE FILMS MARKET SIZE, BY TYPE, 2018–2026 (KILOTON)
           9.4.7 REST OF ASIA PACIFIC
                    TABLE 111 REST OF ASIA PACIFIC: BIODEGRADABLE FILMS MARKET SIZE, BY APPLICATION, 2018–2026 (USD MILLION)
                    TABLE 112 REST OF ASIA PACIFIC: BIODEGRADABLE FILMS MARKET SIZE, BY APPLICATION, 2018–2026 (KILOTON)
                    TABLE 113 REST OF ASIA PACIFIC: BIODEGRADABLE FILMS MARKET SIZE, BY TYPE, 2018–2026 (USD MILLION)
                    TABLE 114 REST OF ASIA PACIFIC: BIODEGRADABLE FILMS MARKET SIZE,  BY TYPE, 2018–2026 (KILOTON)
    9.5 MIDDLE EAST & AFRICA
          TABLE 115 MIDDLE EAST & AFRICA: BIODEGRADABLE FILMS MARKET SIZE, BY COUNTRY, 2018–2026 (USD MILLION)
          TABLE 116 MIDDLE EAST & AFRICA: BIODEGRADABLE FILMS MARKET SIZE, BY COUNTRY, 2018–2026 (KILOTON)
          TABLE 117 MIDDLE EAST & AFRICA: BIODEGRADABLE FILMS MARKET SIZE, BY APPLICATION, 2018–2026 (USD MILLION)
          TABLE 118 MIDDLE EAST & AFRICA: BIODEGRADABLE FILMS MARKET SIZE, BY APPLICATION, 2018–2026 (KILOTON)
          TABLE 119 MIDDLE EAST & AFRICA: BIODEGRADABLE FILMS MARKET SIZE, BY TYPE, 2018–2026 (USD MILLION)
          TABLE 120 MIDDLE EAST & AFRICA: BIODEGRADABLE FILMS MARKET SIZE, BY TYPE, 2018–2026 (KILOTON)
           9.5.1 SAUDI ARABIA
                    9.5.1.1 Oxo-biodegradable regulation to drive biodegradable films market
                                TABLE 121 SAUDI ARABIA: BIODEGRADABLE FILMS MARKET SIZE, BY APPLICATION, 2018–2026 (USD MILLION)
                                TABLE 122 SAUDI ARABIA: BIODEGRADABLE FILMS MARKET SIZE, BY APPLICATION, 2018–2026 (KILOTON)
                                TABLE 123 SAUDI ARABIA: BIODEGRADABLE FILMS MARKET SIZE, BY TYPE, 2018–2026 (USD MILLION)
                                TABLE 124 SAUDI ARABIA: BIODEGRADABLE FILMS MARKET SIZE, BY TYPE, 2018–2026 (KILOTON)
           9.5.2 UAE
                    9.5.2.1 Focus on reducing plastic waste fueling demand for biodegradable films in packaging industry
                                TABLE 125 UAE: BIODEGRADABLE FILMS MARKET SIZE, BY APPLICATION, 2018–2026 (USD MILLION)
                                TABLE 126 UAE: BIODEGRADABLE FILMS MARKET SIZE, BY APPLICATION, 2018–2026 (KILOTON)
                                TABLE 127 UAE: BIODEGRADABLE FILMS MARKET SIZE, BY TYPE, 2018–2026 (USD MILLION)
                                TABLE 128 UAE: BIODEGRADABLE FILMS MARKET SIZE, BY TYPE, 2018–2026 (KILOTON)
           9.5.3 SOUTH AFRICA
                    9.5.3.1 Increased packaging applications to drive biodegradable films market
                                TABLE 129 SOUTH AFRICA: BIODEGRADABLE FILMS MARKET SIZE, BY APPLICATION, 2018–2026 (USD MILLION)
                                TABLE 130 SOUTH AFRICA: BIODEGRADABLE FILMS MARKET SIZE, BY APPLICATION, 2018–2026 (KILOTON)
                                TABLE 131 SOUTH AFRICA: BIODEGRADABLE FILMS MARKET SIZE, BY TYPE, 2018–2026 (USD MILLION)
                                TABLE 132 SOUTH AFRICA: BIODEGRADABLE FILMS MARKET SIZE, BY TYPE, 2018–2026 (KILOTON)
           9.5.4 REST OF MIDDLE EAST & AFRICA
                    TABLE 133 REST OF MIDDLE EAST & AFRICA: BIODEGRADABLE FILMS MARKET SIZE, BY APPLICATION, 2018–2026 (USD MILLION)
                    TABLE 134 REST OF MIDDLE EAST & AFRICA: BIODEGRADABLE FILMS MARKET SIZE, BY APPLICATION, 2018–2026 (KILOTON)
                    TABLE 135 REST OF MIDDLE EAST & AFRICA: BIODEGRADABLE FILMS MARKET SIZE, BY TYPE, 2018–2026 (USD MILLION)
                    TABLE 136 REST OF MIDDLE EAST & AFRICA: BIODEGRADABLE FILMS MARKET SIZE, BY TYPE, 2018–2026 (KILOTON)
    9.6 SOUTH AMERICA
          TABLE 137 SOUTH AMERICA: BIODEGRADABLE FILMS MARKET SIZE, BY COUNTRY, 2018–2026 (USD MILLION)
          TABLE 138 SOUTH AMERICA: BIODEGRADABLE FILMS MARKET SIZE, BY COUNTRY, 2018–2026 (KILOTON)
          TABLE 139 SOUTH AMERICA: BIODEGRADABLE FILMS MARKET SIZE, BY APPLICATION, 2018–2026 (USD MILLION)
          TABLE 140 SOUTH AMERICA: BIODEGRADABLE FILMS MARKET SIZE, BY APPLICATION, 2018–2026 (KILOTON)
          TABLE 141 SOUTH AMERICA: BIODEGRADABLE FILMS MARKET SIZE, BY TYPE, 2018–2026 (USD MILLION)
          TABLE 142 SOUTH AMERICA: BIODEGRADABLE FILMS MARKET SIZE, BY TYPE, 2018–2026 (KILOTON)
           9.6.1 BRAZIL
                    9.6.1.1 Abundant raw material resources to support market growth
                                TABLE 143 BRAZIL: BIODEGRADABLE FILMS MARKET SIZE, BY APPLICATION, 2018–2026 (USD MILLION)
                                TABLE 144 BRAZIL: BIODEGRADABLE FILMS MARKET SIZE, BY APPLICATION, 2018–2026 (KILOTON)
                                TABLE 145 BRAZIL: BIODEGRADABLE FILMS MARKET SIZE, BY TYPE, 2018–2026 (USD MILLION)
                                TABLE 146 BRAZIL: BIODEGRADABLE FILMS MARKET SIZE, BY TYPE, 2018–2026 (KILOTON)
           9.6.2 REST OF SOUTH AMERICA
                    TABLE 147 REST OF SOUTH AMERICA: BIODEGRADABLE FILMS MARKET SIZE, BY APPLICATION, 2018–2026 (USD MILLION)
                    TABLE 148 REST OF SOUTH AMERICA: BIODEGRADABLE FILMS MARKET SIZE, BY APPLICATION, 2018–2026 (KILOTON)
                    TABLE 149 REST OF SOUTH AMERICA: BIODEGRADABLE FILMS MARKET SIZE, BY TYPE, 2018–2026 (USD MILLION)
                    TABLE 150 REST OF SOUTH AMERICA: BIODEGRADABLE FILMS MARKET SIZE, BY TYPE, 2018–2026 (KILOTON)

10 COMPETITIVE LANDSCAPE (Page No. - 124)
     10.1 OVERVIEW
(Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
     10.2 WINNERS VS. TAIL-ENDERS
             10.2.1 WINNERS
             10.2.2 TAIL-ENDERS
                        FIGURE 24 COMPANIES ADOPTED BOTH ORGANIC AND INORGANIC GROWTH STRATEGIES BETWEEN 2018 AND 2020
     10.3 COMPETITIVE LANDSCAPE MAPPING, 2020
             10.3.1 VISIONARY LEADERS
             10.3.2 INNOVATORS
             10.3.3 DYNAMIC DIFFERENTIATORS
             10.3.4 EMERGING COMPANIES
                        FIGURE 25 BIODEGRADABLE FILMS MARKET: COMPETITIVE LANDSCAPE MAPPING, 2020
     10.4 COMPETITIVE BENCHMARKING
             10.4.1 STRENGTH OF PRODUCT PORTFOLIO
                        FIGURE 26 PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN BIODEGRADABLE FILMS MARKET
             10.4.2 BUSINESS STRATEGY EXCELLENCE
                        FIGURE 27 BUSINESS STRATEGY EXCELLENCE OF TOP PLAYERS IN BIODEGRADABLE FILMS MARKET
     10.5 MARKET RANKING OF KEY PLAYERS
             FIGURE 28 TOP 6 PLAYERS OF BIODEGRADABLE FILMS MARKET, 2020
     10.6 COMPETITIVE SCENARIO
             10.6.1 PRODUCT LAUNCHES
                        TABLE 151 BIODEGRADABLE FILMS MARKET: PRODUCT LAUNCHES, 2018-2021
             10.6.2 DEALS
                        TABLE 152 BIODEGRADABLE FILMS MARKET: DEALS, 2018-2021
             10.6.3 OTHER DEVELOPMENTS
                        TABLE 153 BIODEGRADABLE FILMS MARKET: OTHER DEVELOPMENTS, 2018-2021

11 COMPANY PROFILES (Page No. - 138)
     11.1 KEY COMPANIES
             11.1.1 BASF SE
                        TABLE 154 BASF SE: COMPANY OVERVIEW
                        FIGURE 29 BASF SE: COMPANY SNAPSHOT
                        TABLE 155 BASF SE: PRODUCT OFFERINGS
                        TABLE 156 BASF SE: PRODUCT LAUNCHES
                        TABLE 157 BASF SE: DEAL
             11.1.2 PLASCON GROUP
                        TABLE 158 PLASCON GROUP: COMPANY OVERVIEW
                        TABLE 159 PLASCON GROUP: PRODUCT OFFERINGS
                        TABLE 160 PLASCON GROUP: DEAL
             11.1.3 WALKI GROUP OY
                        TABLE 161 WALKI GROUP OY: COMPANY OVERVIEW
                        TABLE 162 WALKI GROUP OY: PRODUCT OFFERINGS
                        TABLE 163 WALKI GROUP OY: DEALS
             11.1.4 FUTAMURA GROUP
                        TABLE 164 FUTAMURA GROUP: COMPANY OVERVIEW
                        TABLE 165 FUTAMURA GROUP: PRODUCT OFFERINGS
                        TABLE 166 FUTAMURA GROUP: PRODUCT LAUNCHES
                        TABLE 167 FUTAMURA GROUP: DEALS
                        TABLE 168 FUTAMURA GROUP: OTHERS
             11.1.5 CORTEC CORPORATION
                        TABLE 169 CORTEC CORPORATION: COMPANY OVERVIEW
                        TABLE 170 CORTEC CORPORATION: PRODUCT OFFERINGS
                        TABLE 171 CORTEC CORPORATION: PRODUCT LAUNCHES
                        TABLE 172 CORTEC CORPORATION: OTHERS
             11.1.6 BI-AX INTERNATIONAL INC.
                        TABLE 173 BI-AX INTERNATIONAL INC.: COMPANY OVERVIEW
                        TABLE 174 BI-AX INTERNATIONAL INC.: PRODUCT OFFERINGS
             11.1.7 BIOBAG AMERICAS, INC.
                        TABLE 175 BIOBAG AMERICAS, INC.: COMPANY OVERVIEW
                        TABLE 176 BIOBAG AMERICAS, INC.: PRODUCT OFFERINGS
             11.1.8 TAGHLEEF INDUSTRIES
                        TABLE 177 TAGHLEEF INDUSTRIES: COMPANY OVERVIEW
                        TABLE 178 TAGHLEEF INDUSTRIES: PRODUCT OFFERINGS
                        TABLE 179 TAGHLEEF INDUSTRIES: PRODUCT LAUNCHES
                        TABLE 180 TAGHLEEF INDUSTRIES: DEALS
                        TABLE 181 TAGHLEEF INDUSTRIES: OTHERS
             11.1.9 CLONDALKIN GROUP
                        TABLE 182 CLONDALKIN GROUP: COMPANY OVERVIEW
                        TABLE 183 CLONDALKIN GROUP: PRODUCT OFFERINGS
     11.2 OTHER PLAYERS
             11.2.1 TIPA LTD
                        TABLE 184 TIPA LTD: COMPANY OVERVIEW
             11.2.2 POLYPAK S.R.O.
                        TABLE 185 POLYPAK S.R.O.: COMPANY OVERVIEW
             11.2.3 PLASTIKA KRITIS S.A.
                        TABLE 186 PLASTIKA KRITIS S.A.: COMPANY OVERVIEW
             11.2.4 TRIOWORLD INDUSTRIER AB
                        TABLE 187 TRIOWORLD INDUSTRIER AB: COMPANY OVERVIEW
             11.2.5 GROUPE BARBIER
                        TABLE 188 GROUPE BARBIER: COMPANY OVERVIEW
             11.2.6 KINGFA SCI. & TECH. CO., LTD.
                        TABLE 189 KINGFA SCI. & TECH. CO., LTD.: COMPANY OVERVIEW
             11.2.7 LAYFIELD GROUP. LTD.
                        TABLE 190 LAYFIELD GROUP. LTD.: COMPANY OVERVIEW
             11.2.8 POLYSTAR PLASTICS LTD.
                        TABLE 191 POLYSTAR PLASTICS LTD.: COMPANY OVERVIEW
             11.2.9 AVERY DENNISON CORPORATION
                        TABLE 192 AVERY DENNISON CORPORATION: COMPANY OVERVIEW
             11.2.10 PACO LABEL
                        TABLE 193 PACO LABEL: COMPANY OVERVIEW

*Details on Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.

12 ADJACENT AND RELATED MARKETS (Page No. - 167)
     12.1 INTRODUCTION
     12.2 LIMITATIONS
     12.3 BIODEGRADABLE FILMS INTERCONNECTED MARKETS
     12.4 BIODEGRADABLE PLASTICS MARKET
             12.4.1 MARKET DEFINITION
             12.4.2 MARKET OVERVIEW
             12.4.3 BIODEGRADABLE PLASTICS MARKET, BY END USE
     12.5 PACKAGING
     12.6 CONSUMER GOODS
     12.7 TEXTILE
     12.8 AGRICULTURE & HORTICULTURE
     12.9 OTHERS
             TABLE 194 BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (KILOTON)
             TABLE 195 BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
     12.10 AGRICULTURE FILMS MARKET
             12.10.1 MARKET DEFINITION
             12.10.2 MARKET OVERVIEW
             12.10.3 AGRICULTURAL FILMS MARKET, BY APPLICATION TYPE
     12.11 GREENHOUSE FILMS
     12.12 MULCH FILMS
     12.13 SILAGE FILMS
              TABLE 196 AGRICULTURAL FILMS MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)
              TABLE 197 AGRICULTURAL FILMS MARKET SIZE, BY APPLICATION,  2020–2026 (KILOTON)

13 APPENDIX (Page No. - 172)
     13.1 DISCUSSION GUIDE
     13.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     13.3 AVAILABLE CUSTOMIZATIONS
     13.4 RELATED REPORTS
     13.5 AUTHOR DETAILS

The study involved four major activities in estimating the current size of the biodegradable films market. Exhaustive secondary research was done to collect information on the market, peer markets, and parent market. The next step was to validate these findings, assumptions, and sizing with the industry experts across the biodegradable films value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.

Secondary Research

Secondary sources referred to for this study include Hoovers, Bloomberg, BusinessWeek, and Dun & Bradstreet, were referred for identifying and collecting information for this study. These secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, and articles by recognized authors, authenticated directories, and databases. Secondary data has been collected and analysed to arrive at the overall market size, which is further validated by primary research.

Primary Research

The biodegradable films market comprises several stakeholders, such as raw material suppliers, manufacturers, distributors, microencapsulation service providers, end-product manufacturers, and regulatory organizations in the supply chain.

As part of the primary research process, various primary sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report on the biodegradable films market. Primary sources from the supply side included industry experts such as Chief Executive Officers (CEOs), vice presidents, marketing directors, technology and innovation directors, and related key executives from various key companies and organizations operating in the biodegradable films market. Primary sources from the demand side included directors, marketing heads, and purchase managers from various end-use industries.

Breakdown of the Primary Interviews

Biodegradable Films Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both the top-down and bottom-up approaches were used to estimate and validate the total size of the biodegradable films market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size included the following:

  • The key players were identified through extensive primary and secondary research.
  • The value chain and market size of the biodegradable films market, in terms of value and volume, were determined through primary and secondary research.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
  • All possible parameters that affect the market covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
  • The research included the study of reports, reviews, and newsletters of top market players, along with extensive interviews for opinions from key leaders, such as CEOs, directors, and marketing executives.

Global Biodegradable Films Market Size: Bottom-Up Approach

Biodegradable Films Market Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

Data Triangulation

After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into several segments and subsegments. In order to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides. In addition to this, the market size was validated using both top-down and bottom-up approaches.

Report Objectives

Market Intelligence

  • To determine and project the size of the biodegradable films market with respect to type, and application, over five years, from 2021 to 2026
  • To identify attractive opportunities in the market by determining the largest and fastest-growing segments across key regions
  • To project the size of the market segments, in terms of value and volume, with respect to five regions: Asia Pacific, North America, Europe, the Middle East & Africa, and South America
  • To provide detailed information regarding the crucial factors influencing the growth of the market (drivers, opportunities, restraints, and challenges)
  • To analyze competitive developments, such as acquisitions, new product launches, collaborations, expansions, partnerships, and contracts in the biodegradable films market
  •  To analyze the demand-side factors based on the following:
  • Impact of macro- and micro-economic factors on the market
  • Shift in demand patterns across different subsegments and regions

Competitive Intelligence

  • To identify and profile key players in the biodegradable films market
  • To determine the market share of key players operating in the market
  • To provide a comparative analysis of market leaders based on the following:
  • Product offerings
  • Business strategies
  • Strengths and weaknesses
  • Key financials
  • To understand the competitive landscape and identify the major growth strategies adopted by market players across key regions

Available Customizations

MarketsandMarkets offers the following customizations for this market report:

  • Further country-level breakdown of the Rest of Europe and the Rest of Asia Pacific biodegradable films market
  • Product matrix, which gives a detailed comparison of the product portfolio of each company
  • Profiling of additional market players (up to five)
Report Code
PK 7699
Published ON
Jan, 2022
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