Brazil Biodegradable Plastic Films Market Size & Outlook
Brazil biodegradable plastic films market, 2018-2030 (US$M)
Related Markets
Brazil biodegradable plastic films market highlights
- The Brazil biodegradable plastic films market generated a revenue of USD 24.5 million in 2023 and is expected to reach USD 32.5 million by 2030.
- The Brazil market is expected to grow at a CAGR of 4.2% 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.
Biodegradable plastic films market data book summary
| Market revenue in 2023 | USD 24.5 million |
| Market revenue in 2030 | USD 32.5 million |
| Growth rate | 4.2% (CAGR from 2023 to 2030) |
| Largest segment | Starch blends |
| Fastest growing segment | Starch Blends |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Brazil accounted for 2.2% of the global biodegradable plastic films market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil biodegradable plastic films market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 32.5 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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Brazil 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 41.63% in 2023. Horizon Databook has segmented the Brazil 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.
Brazil is the largest economy in Central & South Africa. The presence of inexpensive raw materials in Brazil is expected to have a positive impact on the market growth over the forecast period.
Recently, the city of São Paulo banned the use of traditional plastic bags, and many other cities in the country are expected to follow suit.
The Ministry of Environment of Brazil started a campaign named Saco é um saco to reduce the consumption of conventional plastic bags in the country.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil biodegradable plastic films market , including forecasts for subscribers. This country databook contains high-level insights into Brazil biodegradable plastic films market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil biodegradable plastic films market size, by type, 2018-2030 (US$M)
Brazil Biodegradable Plastic Films Market Outlook Share, 2023 & 2030 (US$M)
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