The global biodegradable films market size is expected to reach USD 2.21 Billion in 2032 and register a steady revenue CAGR of 7.2% during the forecast period, according to latest analysis by Emergen Research. Focus of governments of various countries across the globe on green procurement policies is a major factor driving market revenue growth. For instance, in April 2006, Green Procurement policy was incorporated by the Government of Canada. This policy directs federal departments and agencies to incorporate environmental considerations into procurement decision-making processes for all goods and services purchased. These departments are responsible for setting green procurement targets and including environmental criteria and specifications. As a result, suppliers play a key role in advancing government's environmental agenda by providing environmentally preferable goods and services.

The report considers COVID-19 as a key contributor of the dynamically altered market scenario. The report covers a comprehensive impact analysis of the global health crisis on the overall growth of the market. Furthermore, the report covers the current and future impact of the COVID-19 crisis on the market and its key segments. The report estimates the impact of this crisis on the current scenario and future prospects and provides a post-COVID market scenario.

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Key companies operating in the Biodegradable Films market include:

BASF SE, Plascon Group, Walki Group Oy, Futamura Group, Cortec Corporation, BI-AX International Inc., BioBag Americas, Inc., Taghleef Industries Group, Clondalkin Group, and TIPA Ltd

Key market aspects studied in the report:

Market Scope: The report explains the scope of various commercial possibilities in the global Biodegradable Films market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.

Key Benefits of the Report:

  • Comprehensive analysis of the competitive scenario and its changing dynamics
  • Analytical data with detailed SWOT analysis and Porter’s Five Forces analysis
  • In-depth 8-year analysis of the Global Biodegradable Films Market
  • Critical understanding of the key market segments
  • Comprehensive analysis of the drivers, restraints, trends, and opportunities
  • Detailed regional analysis and extensive company profiling
  • Extensive assessment of current and emerging trends of the market

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Biodegradable Films Market Segmentation:

  • Type Outlook (Revenue, USD Billion; 2019–2032)

    • Polylactic Acid (PLA)
    • Starch Blends
    • Biodegradable Polyester
      1. Polycaprolactone (PCL)
      2. Polybutylene Adipate Terephthalate (PBAT)
      3. Polybutylene Succinate (PBS)
    • Polyhydroxyalkanoates (PHA)
    • Others

  • Application Outlook (Revenue, USD Billion; 2019–2032)

    • Food Packaging
    • Agriculture & Horticulture
    • Cosmetics & Personal Care Products Packaging
    • Industrial Packaging
    • Others

  • Regional Outlook (Revenue, USD Billion, 2019–2032)

    • North America
      1. U.S.
      2. Canada
      3. Mexico
    • Europe
      1. Germany
      2. UK
      3. France
      4. Spain
      5. BENELUX
      6. Rest of Europe
    • Asia Pacific
      1. China
      2. India
      3. Japan
      4. South Korea
      5. Rest of APAC
    • Latin America
      1. Brazil
      2. Rest of LATAM
    • Middle East & Africa
      1. Saudi Arabia
      2. UAE
      3. Israel
      4. Rest of Middle East & Africa

 

Biodegradable Films Market Segmentation by Regions:

  • North America (U.S., Canada)
  • Europe (U.K., Italy, Germany, France, Rest of EU)
  • Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Rest of Latin America)
  • Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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