Biodegradable Films Market worth $1.4 billion by 2026- Exclusive Report by MarketsandMarkets™ According to the new market research report "Biodegradable Films Market by Type (PLA, Starch Blends, Biodegradable Polyesters, PHA), Application (Food Packaging, Agriculture & Horticulture, Cosmetic & Personal Care Products Packaging, Industrial Packaging), and Region - Global Forecast to 2026”, Published by MarketsandMarkets™, The biodegradable films market is projected to grow from USD 1.0 billion in 2021 to USD 1.4 billion by 2026, at a CAGR of 7.2% from 2021 to 2026. Download PDF Download: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=77112988 Browse in-depth TOC on “Biodegradable Films Market” 197 - Tables 29- Figures 178 - Pages View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/biodegradable-filmsmarket-77112988.html The market is witnessing significant growth across the world due to the increasing awareness and stringent government regulations about the use of non-biodegradable films. Biodegradable films are used in various applications such as food packaging, agriculture & horticulture, and cosmetics & personal care packaging. By type, PLA is estimated to be the leading segment of biodegradable films from 2021 to 2026 By type, PLA is estimated to have the largest share of the biodegradable films market, in terms of value, in 2020 due to the ease of availability of raw materials for manufacturing PLA. It is also the fastest-growing market, which is projected to register the highest CAGR in terms of volume during the forecast period. Biodegradable polyester is the second-largest segment of the market, in terms of volume during the forecast period. By application, food packaging to be the largest and the fastest-growing segment of biodegradable films By application, the biodegradable films market in the food packaging segment is estimated to account for the largest share in 2020 due to the increased use of biodegradable films for manufacturing single-use compostable packaging materials, including carry bags, food packaging boxes, and laminating films. Food packaging is also the fastestgrowing application of biodegradable films. The market in the cosmetic & personal packaging application is also projected to register the second fastest CAGR in terms of value during the forecast period. Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=77112988 Europe is estimated to be the largest biodegradable films market during forecast period Europe is the largest market for biodegradable films. North America is emerging as a major consumer of biodegradable films due to the increasing demand from the packaging & bags and consumer goods industries. Asia Pacific was the third-largest biodegradable films market. It is the fastest-growing markets, in terms of biodegradable films production, conversion, and consumption. Factors such as rising environmental degradation, improving environment-related government policies, and an increase in the number of applications are some of the major drivers responsible for the biodegradable films market in Asia Pacific.
Biodegradable Films Market Industry Trends Share & Size
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