Northbrook, IL -- (SBWIRE) -- 09/09/2021 -- The report " 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 2025", The biodegradable films market is projected to grow from USD 1.1 billion in 2020 to USD 1.5 billion by 2025, at a CAGR of 6.6% from 2020 to 2025. The market is witnessing significant growth across the world due to the increasing awareness and stringent government regulations about the use of non-biodegradable films. Biodegradable films are used in various applications such as food packaging, agriculture & horticulture, and cosmetics & personal care packaging.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=77112988

By type, PLA is estimated to be the leading segment of biodegradable films from 2020 to 2025.
By type, PLA is estimated to have the largest share of the biodegradable films market, in terms of value, in 2020 due to the ease of availability of raw materials for manufacturing PLA. It is also the fastest-growing market, which is projected to register the highest CAGR in terms of volume during the forecast period. Biodegradable polyester is the second-largest segment of the market, in terms of volume during the forecast period.

By application, food packaging to be the largest and the fastest-growing segment of biodegradable films
By application, the biodegradable films market in the food packaging segment is estimated to account for the largest share in 2020 due to the increased use of biodegradable films for manufacturing single-use compostable packaging materials, including carry bags, food packaging boxes, and laminating films. Food packaging is also the fastest-growing application of biodegradable films. The market in the cosmetic & personal packaging application is also projected to register the second-fastest CAGR in terms of value during the forecast period.

Speak to Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=77112988

Europe is estimated to be the largest biodegradable films market during forecast period
Europe is the largest market for biodegradable films. North America is emerging as a major consumer of biodegradable films due to the increasing demand from the packaging & bags and consumer goods industries. Asia Pacific was the third-largest biodegradable films market. It is the fastest-growing markets, in terms of biodegradable films production, conversion, and consumption. Factors such as rising environmental degradation, improving environment-related government policies, and an increase in the number of applications are some of the major drivers responsible for the biodegradable films market in Asia Pacific.

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), TRIOPLAST INDUSTRIER AB (Sweden), Groupe Barbier (France), Paco Label (US), Layfield Group (Canada), and Polystar Plastics Ltd. (UK) are the key players in biodegradable films market.

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

The primary application segments of biodegradable film 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.

Get 10% Customization on this REport @ https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=77112988

About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com