Global Biodegradable Plastic Films Market Size Study, by Type (Starch Blends, Polylactic Acid, Poly(butylene adipate-co-terephthalate) (PBAT), Polybutylene Succinate (PBS), Polyhydroxyalkanoates (PHA), Others), by Application (Bags, Wrapping Films, Liners

The Global Biodegradable Plastic Films Market is valued at approximately USD 1.218 billion in 2024 and is poised to expand significantly with a compound annual growth rate (CAGR) of 4.87% over the forecast period from 2024 to 2034. This market revolves around the innovative application of biodegradable films, which are derived from renewable sources or designed to decompose naturally under environmental conditions. These films have garnered tremendous attention for their role in mitigating the environmental footprint associated with traditional plastics. Biodegradable plastic films are extensively utilized in diverse industries ranging from agriculture to healthcare, underpinning the shift towards sustainable practices.

The surge in demand for biodegradable plastic films is primarily driven by growing environmental awareness and stringent regulations against single-use plastics. Governments and industries worldwide are adopting policies to encourage the transition from conventional plastics to eco-friendly alternatives. Products such as starch blends and polylactic acid (PLA) films have emerged as sustainable choices in packaging and agriculture, where these materials contribute to reducing soil contamination. Advancements in manufacturing processes have further enabled the customization of films for specific applications, enhancing their utility across industries.

The agriculture sector has been a key consumer of biodegradable plastic films, leveraging these materials for mulch films that prevent weed growth, conserve soil moisture, and eventually biodegrade without leaving harmful residues. In parallel, the food and beverage industry is witnessing an increasing adoption of biodegradable films for packaging, driven by consumer preference for sustainable and green solutions. However, challenges such as higher production costs and performance limitations under certain conditions are expected to pose hurdles to market growth during the forecast period.

Regionally, Europe holds a dominant share in the biodegradable plastic films market, supported by robust regulatory frameworks, extensive research and development initiatives, and consumer inclination towards eco-friendly products. North America follows closely, with increasing investments in bioplastics production and application development. Meanwhile, the Asia-Pacific region is anticipated to experience the fastest growth owing to rapid industrialization, heightened environmental awareness, and government-led initiatives promoting sustainable materials in emerging economies like China and India.

Major market players included in this report are:

• BASF SE
• NatureWorks LLC
• Novamont S.p.A
• Plantic Technologies Limited
• Futamura Chemical Co., Ltd.
• Toray Industries, Inc.
• SK Global Chemical Co., Ltd.
• Biome Bioplastics Ltd
• Mitsubishi Chemical Corporation
• Corbion N.V.
• FKuR Kunststoff GmbH
• TotalEnergies Corbion
• Danimer Scientific
• Eastman Chemical Company
• PTT Global Chemical Public Company Limited

The detailed segments and sub-segment of the market are explained below:

By Type

• Starch Blends
• Polylactic Acid
• Poly(butylene adipate-co-terephthalate) (PBAT)
• Polybutylene Succinate (PBS)
• Polyhydroxyalkanoates (PHA)
• Others

By Application

• Bags
• Wrapping Films
• Liners
• Sheets
• Others

By End Use

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

By Region

North America

• U.S.
• Canada

Europe

• UK
• Germany
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific

• China
• India
• Japan
• Australia
• South Korea
• Rest of Asia-Pacific

Latin America

• Brazil
• Mexico

Middle East & Africa

• Saudi Arabia
• South Africa
• Rest of Middle East & Africa

Years considered for the study are as follows:

Historical year – 2022

Base year – 2024

Forecast period – 2024 to 2034

Key Takeaways:

• Market estimates & forecasts for 10 years, from 2022 to 2032.
• Annualized revenues and regional-level analysis for each market segment.
• Comprehensive geographical landscape with country-level analysis of major regions.
• Competitive landscape with detailed insights on major market players.
• Strategic recommendations for businesses to navigate the competitive environment.
• Analysis of demand-side and supply-side market dynamics.