Global Compostable Plastic Film Market Growth 2023-2029

Global Compostable Plastic Film Market Growth 2023-2029

The global Compostable Plastic Film market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

Growing awareness about plastic pollution and its impact on the environment has led to a shift in consumer preferences and regulatory measures. Governments, businesses, and consumers are seeking more sustainable alternatives to traditional plastics, which has fueled the demand for biodegradable plastic film. The packaging industry is a significant driver for the biodegradable plastic film market. As consumers demand more eco-friendly packaging solutions, businesses are adopting biodegradable films for applications such as food packaging, bags, and wraps. Biodegradable films offer a sustainable option without compromising on performance and functionality.

Compostable plastic film refers to a type of plastic film that is designed to break down and decompose naturally through the action of microorganisms in the environment. Unlike traditional plastics that can persist in the environment for hundreds of years, biodegradable films offer a more environmentally friendly alternative as they can degrade into natural elements relatively quickly.

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

This Insight Report provides a comprehensive analysis of the global Compostable Plastic Film 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 Plastic Film portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Compostable Plastic Film market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Compostable Plastic Film 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 Plastic Film.

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

Market Segmentation:

Segmentation by type
Plant-based
Starch-based

Segmentation by application
Food Packaging
Non Food Packaging
Others

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.
RKW
Novamont
BI-AX
TIPA
Plascon Group
Futamura
Taghleef Industries
Cortec Packaging
Clondalkin

Key Questions Addressed in this Report

What is the 10-year outlook for the global Compostable Plastic Film market?

What factors are driving Compostable Plastic Film market growth, globally and by region?

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

How do Compostable Plastic Film market opportunities vary by end market size?

How does Compostable Plastic Film 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.