Top Factors Driving the Biodegradable Films Market 2021-2027 | BASF, Taghleef, BioBag Americas
Added: (Wed May 12 2021)
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The report covers a forecast and an analysis of the Biodegradable Films Market on a global and regional level. The study provides historical data for 2018, 2019, and 2020 along with a forecast from 2019 to 2027 based on revenue and volume.
Overview of the Global Biodegradable Films Market:
The report spread across 150 pages is an overview of the Global Biodegradable Films Market. This report study based on the Biodegradable Films Market. It is a complete overview of the market, covering various aspects prevailing market landscape. It accumulates comprehensive information and research methodologies. Biodegradable Films Market Research Report is a meticulous investigation of current scenario of the market, which covers several market dynamics.
The Global Biodegradable Films Market is accounted for $1.03 Billion in 2019 and is expected to reach $2.15 Billion by 2027 growing at a CAGR of 9.6% during the forecast period.
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As per the market report analysis, Biodegradable films refer to plastics that are degraded by microorganisms into carbon dioxide (or methane), biomass under certain conditions, and water. These films can be used with various other similar fillers such as waste paper, wood flour, and lime and they could be used in various granulation sizes and colors to change the external appearance of the material. Biodegradable films eliminate the need for removal and disposal while alleviating the negative environmental impact and can provide benefits of plastic mulch.
Some of the most important key factors driving the growth of the Global Biodegradable Films Market are growing awareness regarding plastic waste and its adverse impact on the environment, growing demand from the food packaging industry, and high demand from the agriculture & horticulture sector. However, the higher cost of biodegradable films compared to conventional plastic films is restraining the market growth.
This comprehensive Biodegradable Films Market research report 2019 – 2027 includes a brief on these trends that can help the businesses operating in the industry to understand the market and strategize for their business expansion accordingly. The research report analyzes the market size, industry share, growth, key segments, CAGR and key drivers.
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Major Key Players:
1 Taghleef Industries
2 Walki Group Oy
3 Kingfa Sci. & Tech. Co., Ltd.
4 BioBag Americas, Inc.
5 BASF SE
6 Futamura Chemical Co. Ltd.
7 Cortec Corporation
8 Bi-Ax International Inc.
9 Clondalkin Group
10 Plascon Group
11 Polystar Plastics Ltd
12 Avery Dennison Corporation
13 Armando Alvares
14 British Polythene Industries PLC
15 AEP Industries Inc.
16 Barbier Group and More……………………
Market Segment by Types:
1 Polylactic Acid (PLA)
2 Starch Blends
3 Biodegradable Polyesters
4 Polyhydroxyalkanoates (PHA)
5 Regenerated Cellulose
6 Cellulose Derivatives
Market Segment by Applications:
1 Food Packaging
2 Cosmetic & Personal Care Products Packaging
3 Agriculture & Horticulture
4 Industrial Packaging
5 Other Applications
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Latest Industry News:
BASF (May 04, 2021) - BASF joins Digital Watermark Initiative “HolyGrail 2.0” for smart packaging recycling - BASF has joined “HolyGrail 2.0 - Digital watermarks for accurate sorting and high-quality recycling” as a member. The initiative aims to increase plastic recycling rates by adding imperceptible digital watermarks to product packaging.
Under the auspices of AIM, the European Brands Association, BASF and more than 120 companies and organizations from the packaging value chain have joined forces in the initiative to prove the viability of digital watermarking technologies for accurate sorting and the business case at large scale.
“The plastics used for packaging are extremely valuable materials to protect goods and reduce food waste. When plastics are sorted properly, we can offer a suitable additive package to return them to high-performance applications. Thus, we are excited to support HolyGrail 2.0 in their search for optimized and circular plastic packaging,” said Dr. Achim Sties, Senior Vice President, Performance Chemicals Europe, BASF.
Ineffective sorting is one of the fundamental barriers to wider recycling of lightweight packaging waste and thus in achieving a circular economy for packaging. The better the sorting and identification of packaging, the more efficient the mechanical recycling process and the better the quality of recycles.
The discovery of digital watermarking was made under the New Plastics Economy program of the Ellen MacArthur Foundation, which investigated different innovations to improve post-consumer recycling. Digital watermarks were found to be the most promising technology. The “HolyGrail 2.0” initiative will include the launch of an industrial pilot to prove the viability of digital watermark technologies for more accurate sorting of packaging and higher-quality recycling, as well as the business case at large scale.
Digital watermarks are imperceptible codes, the size of a postage stamp, covering the surface of a consumer goods packaging. They can carry a wide range of attributes such as manufacturer, Stock Keeping Unit (SKU), type of plastics used and composition for multilayer objects or food versus non-food usage.
Table of Contents:
1 Executive Summary
2 Prefaces
3 Biodegradable Films Market Trend Analysis
4 Porters Five Force Analysis
5 Global Biodegradable Films Market, By Mode of Delivery
6 Global Biodegradable Films Market, By Product Type
7 Global Biodegradable Films Market, By Application
8 Global Biodegradable Films Market, By End User
9 Global Biodegradable Films Market, By Geography
10 Key Developments
11 Company Profiling
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