Asia Pacific Biodegradable Plastic Films Market Size & Outlook
Asia Pacific biodegradable plastic films market, 2018-2030 (US$M)
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Asia Pacific biodegradable plastic films market highlights
- The Asia Pacific biodegradable plastic films market generated a revenue of USD 230.9 million in 2023.
- The market is expected to grow at a CAGR of 6.7% from 2024 to 2030.
- In terms of segment, starch blends was the largest revenue generating type in 2023.
- Starch Blends is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 230.9 million |
| Market revenue in 2030 | USD 363.6 million |
| Growth rate | 6.7% (CAGR from 2023 to 2030) |
| Largest segment | Starch blends |
| Fastest growing segment | Starch Blends |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Starch Blends, Polylactic Acid, Poly(butylene adipate-co-terephthalate) (PBAT), Polybutylene succinate (PBS), Polyhydroxyalkanoates (PHA), Others (Cellulose Films) |
| Key market players worldwide | Basf SE, Kingfa Technology, Cortec Corporation, Futamura, BioBag International, Plastchim-T, Clondalkin Group, Tipa, Brentwood Industries |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 20.4% of the global biodegradable plastic films market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 363.6 million by 2030.
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Biodegradable Plastic Films Market Scope
Biodegradable Plastic Films Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific biodegradable plastic films market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to biodegradable plastic films market will help companies and investors design strategic landscapes.
Starch blends was the largest segment with a revenue share of 41.36% in 2023. Horizon Databook has segmented the Asia Pacific biodegradable plastic films market based on starch blends, polylactic acid, poly(butylene adipate-co-terephthalate) (pbat), polybutylene succinate (pbs), polyhydroxyalkanoates (pha), others (cellulose films) covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific is characterized by a large number of skilled labor at low cost coupled with easy land availability for manufacturing industries. Moreover, the rising demand for plastics across Southeast Asian countries, including Thailand, for several packaging applications is expected to boost the demand for biodegradable plastic packaging.
According to the Thai Bioplastics Industry Association (TBIA), the country has a high potential for biodegradable plastic production, owing to the presence of an abundant supply of raw materials, such as sugarcane and cassava.
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Our clientele includes a mix of biodegradable plastic films market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific biodegradable plastic films market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific biodegradable plastic films market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific biodegradable plastic films market size, by country, 2018-2030 (US$M)
Asia Pacific Biodegradable Plastic Films Market Outlook Share, 2023 & 2030 (US$M)
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