Biodegradable Food Packaging Films Market size is projected to grow at substantial growth rate during the forecast period i.e., between 2024-2036.
The rapid increase in non-biodegradable food packaging waste has caused adverse environmental concerns. This has led to the development of polymers made from renewable resources for food packaging. Natural polymers derived from agricultural products (such as starch, proteins, cellulose, and plant oils) are the primary resource for developing renewable and biodegradable polymer materials. The growth of the market can also be attributed to factors such as the increasing demand of food and beverages products as well as rising concern in environment and food safety amongst individuals on a global level. According to the European Bioplastics, Global production capacities of bioplastics in the year 2019 and 2020 were 1.95 million tons and 2.11 million tons respectively.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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Regional Scope |
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The biodegradable food packaging films market is segmented based on type into PLA, Starch Blends, Biodegradable Polyesters, PHA and others, out of which, PLA segment is anticipated to grab the largest share by the end of 2021 on account of instant availability of raw materials and rising demand of biopolymers in the food and beverages packaging industry. Raw materials used in the manufacturing of biodegradable food packaging such as PLA, PHA, starch, and PBS have volatile prices.
On the basis of application, the dairy products segment in the global biodegradable food packaging films is projected to grow with a significant CAGR over the forecast period. The growth of the segment is mainly driven by rise in urban population and demand for dairy product has been increased in past few decades. However, challenges such as contamination of packaged food and chemicals used in packaging material hamper the market growth.
Our in-depth analysis of the global market includes the following segments:
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By Type |
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By Application |
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Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa region. The market in the Asia Pacific industry is expected to account for largest revenue share by 2036, owing to increasing growth of food and beverage packaging industries, along with increasing demand for dairy products in the region. Furthermore, in 2021, the market in North America is evaluated to occupy the largest share in terms of revenue, owing to the growing investment in research and development in the food and beverages packaging industry. Alternatively, the market in Europe is also anticipated to occupy a significant share in the market on account of the production capacity of bioplastics in the region. As per the European Bioplastics, the production capacity of bioplastics in Europe in 2020 was 0.55 million tons, which is 26% of the total bioplastic capacity.
Author Credits: Abhishek Anil
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