Global Compostable Packaging Films Market Growth 2023-2029

Global Compostable Packaging Films Market Growth 2023-2029

The global Compostable Packaging Films market size is projected to grow from US$ 978.3 million in 2022 to US$ 1534.1 million in 2029; it is expected to grow at a CAGR of 6.6% from 2023 to 2029.

United States market for Compostable Packaging Films is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

China market for Compostable Packaging Films is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Europe market for Compostable Packaging Films is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Global key Compostable Packaging Films players cover TC Transcontinental, Cortec Packaging, TIPA, Elevate Packaging, Futamura, Frankston(Paco Label Systems), Polystar Plastics, CLONDALKIN GROUP and BI-AX International Inc, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2022.

Biodegradable films, also known as compostable plastics, are a type of packaging made from plant-based materials like starch and cellulose. Unlike most traditional petroleum-based plastics, biodegradable films are designed to break down in landfills or compost bins in a matter of months instead of centuries; making them a much more eco-friendly option for the packaging industry. They offer similar protection against moisture and contamination as plastic does, but with less environmental impact. Biodegradable films can be used to package food products, fabric goods, consumer electronics and many other items that require secure yet efficient packaging.

LPI (LP Information)' newest research report, the “Compostable Packaging Films Industry Forecast” looks at past sales and reviews total world Compostable Packaging Films sales in 2022, providing a comprehensive analysis by region and market sector of projected Compostable Packaging Films sales for 2023 through 2029. With Compostable Packaging Films sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Compostable Packaging Films industry.

This Insight Report provides a comprehensive analysis of the global Compostable Packaging Films landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Compostable Packaging Films portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Compostable Packaging Films market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Compostable Packaging Films and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Compostable Packaging Films.

This report presents a comprehensive overview, market shares, and growth opportunities of Compostable Packaging Films market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Starch-based
Plant-based

Segmentation by application
Food
Agriculture
Home Care
Medical

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
TC Transcontinental
Cortec Packaging
TIPA
Elevate Packaging
Futamura
Frankston(Paco Label Systems)
Polystar Plastics
CLONDALKIN GROUP
BI-AX International Inc
BASF
BioBag International
RKW Group
Dow Chemical
Novamont
Futamura
Amcor

Key Questions Addressed in this Report

What is the 10-year outlook for the global Compostable Packaging Films market?

What factors are driving Compostable Packaging Films market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Compostable Packaging Films market opportunities vary by end market size?

How does Compostable Packaging Films break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.