India Biodegradable Plastic Films Market Size & Outlook
India biodegradable plastic films market, 2018-2030 (US$M)
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India biodegradable plastic films market highlights
- The India biodegradable plastic films market generated a revenue of USD 46.1 million in 2023 and is expected to reach USD 74.1 million by 2030.
- The India market is expected to grow at a CAGR of 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.
Biodegradable plastic films market data book summary
| Market revenue in 2023 | USD 46.1 million |
| Market revenue in 2030 | USD 74.1 million |
| Growth rate | 7% (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, India accounted for 4.1% 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 Asia Pacific, China biodegradable plastic films market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 86.6 million by 2030.
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Biodegradable Plastic Films Market Scope
Biodegradable Plastic Films Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
India 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 41.43% in 2023. Horizon Databook has segmented the India 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.
- India Biodegradable Plastic Films Type Outlook (Revenue, USD Million, 2018-2030)
- Starch Blends
- Polylactic Acid
- Poly(butylene adipate-co-terephthalate) (PBAT)
- Polybutylene succinate (PBS)
- Polyhydroxyalkanoates (PHA)
- Others (Cellulose Films)
- India Biodegradable Plastic Films Application Outlook (Revenue, USD Million, 2018-2030)
- Bags
- Wrapping Films
- Liners
- Sheets
- Others
- India Biodegradable Plastic Films End Use Outlook (Revenue, USD Million, 2018-2030)
- Food & Beverage
- Healthcare
- Agriculture
- Personal Care & Cosmetics
- Electrical & Electronics
- Others
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Horizon Databook provides a detailed overview of country-level data and insights on the India biodegradable plastic films market , including forecasts for subscribers. This country databook contains high-level insights into India biodegradable plastic films market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India biodegradable plastic films market size, by type, 2018-2030 (US$M)
India Biodegradable Plastic Films Market Outlook Share, 2023 & 2030 (US$M)
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