Canada Biodegradable Plastic Films Market Size & Outlook
Canada biodegradable plastic films market, 2018-2030 (US$M)
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Canada biodegradable plastic films market highlights
- The Canada biodegradable plastic films market generated a revenue of USD 93.8 million in 2023 and is expected to reach USD 125.5 million by 2030.
- The Canada 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 93.8 million |
| Market revenue in 2030 | USD 125.5 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, Canada accounted for 8.3% 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 North America, U.S. biodegradable plastic films market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 249.5 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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Canada 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 41.68% in 2023. Horizon Databook has segmented the Canada 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.
The textile segment in Canada is expected to grow, owing to increased opportunities, such as smart fabrics and textiles that assimilate digital monitoring components in various applications, such as athletic and health performance, which is further anticipated to create significant demand for biodegradable plastics.
The government of Canada announced a ban on the manufacturing and imports of single-use plastic products, including produce bags and cutlery (including stir sticks and straws) produced from nonsustainable plastics, effective from December 2023.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada biodegradable plastic films market , including forecasts for subscribers. This country databook contains high-level insights into Canada biodegradable plastic films market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada biodegradable plastic films market size, by type, 2018-2030 (US$M)
Canada Biodegradable Plastic Films Market Outlook Share, 2023 & 2030 (US$M)
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