Biodegradable polymers also known as biodegradable films have been increasing in popularity in the development of new materials as an alternative solution to the environmental problems which are caused by the accumulation of non-degradable synthetic containers. Due to this, much effort has been made to develop biodegradable or edible films from biopolymers to produce an environmentally friendly packaging alternative to synthetic plastic packaging films. The films are first modelled as solid sheets, which are made from natural polymers and once it was formed, it can be placed on or between food components.
One major drawback of polymers in agriculture is the problem with their disposal, following their useful lifetime. Non-degradable polymers, being resistive to degradation will depend on the polymer, additives, conditions, etc. which tend to accumulate as plastic waste which creates a serious problem in plastic waste management. Most experts and acceptable standards define a fully biodegradable polymer as a polymer that is completely converted by microorganisms (bacteria or fungi) into water, naturally occurring gases like carbon dioxide (CO2) and methane (CH4), and biomass, for example, Growth of the microorganism population.
Based on Type, the Biodegradable Films market is segmented into Polylactic Acid (PLA), Starch Blends, Biodegradable Polyesters, Polyhydroxyalkanoates (PHA), Regenerated Cellulose, and Cellulose Derivatives. Biodegradable Polyesters are further sub-segmented into Polycaprolactone (PCL) and Polybutylene Adipate Terephthalate (PBAT). The starch blend segment accounted for a significant market share, and it is estimated that it will grow rapidly during the projected timeframe as they are excellent biodegradable fillers for their thermal stability property and for making minimal interference with the melt-flow properties of most materials.
Based on Crop Type, the Biodegradable Films market is segmented into Flowers & Plants, Grains & Oilseeds, and Fruits & Vegetables. Amongst crop types, the Fruits and Vegetables segment accounted for a significant market share. This can be attributed to the ease of application owing to the perennial nature of crops. Additionally, the use of biodegradable agricultural films helps solve various environmental issues, such as harmful waste disposal caused by conventional plastic films. Furthermore, efforts have been taken to cultivate high-quality food crops, which provide a better yield, to cater to the rising demand due to the increased per capita consumption of food.
Based on application, the Biodegradable Films market is segmented into Food Packaging, Cosmetic & Personal Care Products Packaging, Agriculture & Horticulture, Industrial Packaging, and Other Applications. Amongst applications, the food packaging segment accounted for a significant market share. This can be attributed to the increasing demand for eco-friendly packaging solutions and the growing awareness of the harmful effects of conventional plastic packaging on the environment. Biodegradable films are used in various food packaging applications such as egg trays, edible coatings, paper boards, wrapping films, and food containers. The use of biodegradable films in food packaging helps reduce waste and pollution, making it a sustainable and environmentally friendly option.
Based on end-user, the Biodegradable Films market is segmented into Retail Store and Supermarket. Amongst end-user, the supermarkets segment accounted for a significant market share. Supermarkets are major consumers of biodegradable films as they use them for packaging various products such as fruits, vegetables, and other food items. The use of biodegradable films in supermarkets helps reduce waste and pollution, making it a sustainable and environmentally friendly option. Additionally, the use of biodegradable films in supermarkets helps reduce the carbon footprint of the retail industry, which is a major contributor to environmental pollution.
For a better understanding of the market adoption of Biodegradable Films Industry, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, and the Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. Asia Pacific will dominate the Biodegradable Films market due to the adoption of the application of various environmental regulations as well as the rising government regulations regarding the ban on conventional plastic bags and global warming initiatives, also China holds the largest share in the biodegradable film market due to the growing concerns about climate change and greenhouse gas emissions.
Some of the major players operating in the market include BASF SE, Plascon Group, Walki Group Oy, Futamura Chemical Co. Ltd., Cortec Corporation, Bi-ax International Inc., Biobag Americas, Inc., Taghleef Industries, Clondalkin Group, and Tipa Corp. Ltd. Several M&As along with partnerships have been undertaken by these players to boost their presence in different regions.
1 MARKET INTRODUCTION
1.1. Market Definitions
1.2. Main Objective
1.3. Stakeholders
1.4. Limitation
2 RESEARCH METHODOLOGY OR ASSUMPTION
2.1. Research Process of the Telecom API Market
2.2. Research Methodology of the Telecom API Market Main Objective of the Biodegradable Films Market
2.3. Respondent Profile
3 MARKET SYNOPSIS
4 EXECUTIVE SUMMARY
5 BIODEGRADABLE FILMS MARKET REVENUE, COVID-19 IMPACT