Global biodegradable film market is anticipated to grow at a considerable CAGR of 6.9% during the forecast period (2024-2031). Biodegradable film refers to a material typically derived from renewable resources, designed to break down naturally over time through microbial action, posing minimal harm to the environment.
Biodegradable film market is experiencing robust growth due to several factors such as heightened environmental concerns, coupled with stringent regulations aimed at reducing plastic waste. Biodegradable films offer an eco-friendly alternative to traditional plastic films, as they are derived from renewable resources and decompose naturally, mitigating environmental pollution. Additionally, increasing consumer awareness regarding the adverse effects of non-biodegradable plastics on ecosystems and marine life has fostered a preference for biodegradable options. Moreover, advancements in technology have led to the development of biodegradable films with enhanced properties such as barrier performance and mechanical strength, further driving market growth.
In November 2023, Roberts Mart, a UK-based flexible packaging manufacturer, is launching BiyoTM, a home compostable film, into the Australian market. BiyoTM, developed and produced in the UK, meets EN13432 and Australian AS5810-2010 standards, ensuring it breaks down naturally and fully biodegrades. Led by experienced sales professional Peter Cumberlege, Roberts Mart aims to address growing consumer awareness of home composting in Australia with this innovative film.
In September 2022, TIPA launched its 312MET compostable barrier film for nuts and crisps, addressing the UK's plastic packaging waste issue. With high barrier properties and resistance to salt and oil, it aims to reduce waste while meeting product demand. Dr. Eli Lancry highlights TIPA's commitment to innovative, eco-friendly technology. Collaborations with Aquapak and G. Mondini reflect the industry's shift towards sustainable packaging solutions.
To Request a Sample of our Report on Biodegradable Film Market: https://www.omrglobal.com/request-sample/biodegradable-film-market
Market Coverage
- The market number available for – 2023-2031
- Base year- 2023
- Forecast period- 2024-2031
Segment Covered-
- By Type
- By Application
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape- Avery Dennison Corporation, BASF SE, Futamura Chemical Co. Ltd., and Taghleef Industries, among others.
Biodegradable Film Market Report Segment
By Type
- PLA (Polylactic acid)
- Starch Blends
- Biodegradable Polyesters
- PHA (Polyhydroxyalkanoates)
- Others (Regenerated Cellulose, and Cellulose Derivatives)
By Application
- Food Packaging
- Agriculture & Horticulture
- Cosmetic & Personal Care Products Packaging
- Industrial Packaging
- Others (Composting, Service Ware, and Carrier Bags)
A full Report of Biodegradable Film Market is Available @ https://www.omrglobal.com/industry-reports/biodegradable-film-market
Biodegradable Film Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- Amtrex Nature Care Pvt Ltd
- Aquapak Polymers.
- Bi-Ax International Inc.
- BioBag International AS
- Cortec Corporation
- ENVIPLAST
- Magical Film Enterprise Co., Ltd
- Kingfa Sci. & Tech. Co., Ltd.
- Plascon Group
- POLYNOVA Industries Inc
- Roberts Mart & Co Ltd.
- SOLOS POLYMERS PVT. LTD
- Suprabha
- Tilak Polypack Private Litd.
- Walki Group Oy
- Xinle Huabao Medical Products Co., Ltd.
Reasons to buy from us –
- We cover more than 15 major industries, further segmented into more than 90 sectors.
- More than 120 countries are for analysis.
- Over 100+ paid data sources mined for investigation.
- Our expert research analysts answer all your questions before and after purchasing your report.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/biodegradable-film-market
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
Media Contact:
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Article source: https://article-realm.com/article/Business/63390-Biodegradable-Film-Market-to-see-Rapid-Growth-by-2031.html
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