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 current COVID-19 pandemic is expected to have an effect on the growth of the Biodegradable Films industry majorly attributable to the movement restrictions and impact on the supply and demand due to the lockdowns. The COVID-19 pandemic has affected several sectors of the global market, and the Biodegradable Films sector is expected to feel the impact of the pandemic. The economic slowdown and dynamic changes in the demands will further affect the growth of the industry. The report covers the impact analysis of the COVID-19 pandemic on the overall Biodegradable Films industry.
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Key companies profiled in the report 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 Questions Answered by the Report:
Which region is expected to dominate the market in the coming years?
What are the recent technological and product advancements occurring in the market?
What are the key strategies adopted by the prominent players in the Biodegradable Films market?
What are the key product types and applications of the Biodegradable Films industry?
What is the outcome of SWOT analysis and Porter’s Five Forces analysis?
How is the competitive landscape of the Biodegradable Films market?
Who are the key players in the industry?
What is the growth rate of the industry over the coming years?
What will be the valuation of the Biodegradable Films Market by 2027?
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Market Segmentation
Type Outlook (Revenue, USD Billion; 2019–2032)
- Polylactic Acid (PLA)
- Starch Blends
- Biodegradable Polyester
- Polycaprolactone (PCL)
- Polybutylene Adipate Terephthalate (PBAT)
- 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
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Spain
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- UAE
- Israel
- Rest of Middle East & Africa
- North America
Regional Analysis:
Regional analysis includes an in-depth study of the key geographical regions to gain a better understanding of the market and provide an accurate analysis. The regional analysis covers North America, Latin America, Europe, Asia Pacific, and Middle East Africa. The regional analysis covers the analysis of key market segments, including revenue, CAGR, import/export, supply and demand ratio, production and consumption ratio, industrial chain analysis, and market dynamics in each region of the geographies.
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ToC of the report:
Chapter 1: Market overview and scope
Chapter 2: Market outlook
Chapter 3: Impact analysis of COVID-19 pandemic
Chapter 4: Competitive Landscape
Chapter 5: Drivers, Constraints, Opportunities, Limitations
Chapter 6: Key manufacturers of the industry
Chapter 7: Regional analysis
Chapter 8: Market segmentation based on type applications
Chapter 9: Current and Future Trends
Thank you for reading the report. The report can be customized as per the requirements of the clients. For further information or query about customization, please reach out to us, and we will offer you the report best suited for your needs.
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