Germany Biodegradable Plastic Films Market Size & Outlook
Germany biodegradable plastic films market, 2018-2030 (US$M)
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Germany biodegradable plastic films market highlights
- The Germany biodegradable plastic films market generated a revenue of USD 115.1 million in 2023 and is expected to reach USD 140.9 million by 2030.
- The Germany market is expected to grow at a CAGR of 2.9% 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 115.1 million |
| Market revenue in 2030 | USD 140.9 million |
| Growth rate | 2.9% (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, Germany accounted for 10.2% 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 Europe, Germany biodegradable plastic films market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 89.2 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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Germany 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 Germany 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.
Germany is the largest consumer of biodegradable plastics in Europe in 2023, owing to the presence of large research & development and production facilities of biodegradable plastics companies.
Furthermore, the presence of strict regulations regarding the use of conventional plastics, growing environmental concerns about plastic waste, and the establishment of standards for biodegradable plastics, such as EN 13432, are some factors that are contributing to the market growth in Germany.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany biodegradable plastic films market , including forecasts for subscribers. This country databook contains high-level insights into Germany biodegradable plastic films market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany biodegradable plastic films market size, by type, 2018-2030 (US$M)
Germany Biodegradable Plastic Films Market Outlook Share, 2023 & 2030 (US$M)
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