Global Biodegradable films market to surge at XX% CAGR, Increasing demand for Biodegradable films from end users will propel growth, says Industry and Research.
Industry and Research has released a report titled “Biodegradable films market- Analysis of Market Size, Share & Trends for 2016 – 2019 and Forecasts to 2030” which is anticipated to reach USD XX Billion by 2030. According to a study by Industry and Research, the market is anticipated to portray a CAGR of XX% between 2020 and 2030.
According to the report, increasing growing understanding of plastic waste and its adverse environmental effects is one of the key drivers of business growth. In addition, the market growth of biodegradable films also leads to factors such as rising demand from the food packaging industry and high demand from agriculture and horticultural industry.
The market report on Biodegradable films includes in-depth insights as:
• The estimated value of the market was USD XX Billion in the year 2019.
• Region wise, Asia Pacific was the largest market accounting for XX% of total market volume share in 2019
• Based on raw material, the Thermoplastic starch is anticipated to register XX% of the volume share and is expected to grow at a highest CAGR.
• Based on crop type, Fruits & Vegetables segment accounted for XX% of the global volume in 2019 and is anticipated to grow at a highest CAGR.
• Key players are likely to focus on product innovations and expansion through merger to retain their positions in developed markets.
Biodegradable films are organic plant and animal mulching products, which provide a range of advantages such as weed control, soil structure preservation and plant prevention from soil pollution. Mulching is a method that covers the dirt surface around crops for optimal growth conditions. The use of biodegradable mulch films is a sustainable choice for managed cultivation on restricted and arable soil with limited water sources. Biodegradable mulch films help improve crop quality by reducing land disintegration, supplementary usage and increasing soil temperature without any negative impact on soil.
Key Players in the Market:
Some of the key players operating in the global Biodegradable films market are: BASF SE (Germany), Taghleef Industries (UAE), Kingfa Sci. & Tech. Co., Ltd. (China), Futamura Chemical Co. Ltd. (Japan), Walki Group Oy (Finland), Biobag International AS, AB Rani Plast Oy., AEP Industries Inc., British Polythene Industries PLC, Al-Pack Enterprises Ltd., Novamont S.Pa. and Other prominent players
Get Valuable Insights into Biodegradable films Market
In the new report, Industry and Research thrives to present an unbiased analysis of the global Biodegradable films market that covers the historical demand data as well as the forecast figures for the period, i.e. 2020-2030. The study includes compelling insights into growth that is witnessed in the market. The market is segmented by Crop Type into: Grains & Oilseeds, Flowers & Plants, and Fruits & Vegetables, by Raw Material into: AAC, PLA, PHA, and TPS
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