Latin America Biodegradable Plastic Films Market Size & Outlook
Latin America biodegradable plastic films market, 2018-2030 (US$M)
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Latin America biodegradable plastic films market highlights
- The Latin America biodegradable plastic films market generated a revenue of USD 53.3 million in 2023.
- The market is expected to grow at a CAGR of 4% 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, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 53.3 million |
| Market revenue in 2030 | USD 70.1 million |
| Growth rate | 4% (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, Latin America region accounted for 4.7% 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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Latin America 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 41.84% in 2023. Horizon Databook has segmented the Latin America 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 Central & South America biodegradable plastics market is expected to grow substantially over the forecast period owing to changing consumer preferences for sustainable and compostable alternatives and increasing disposable incomes.
This is projected to fuel the demand for biodegradable plastics in the region over the forecast period. The recovering agriculture sector in Central & South America is driving the demand for related materials and components.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America biodegradable plastic films market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America biodegradable plastic films market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America biodegradable plastic films market size, by country, 2018-2030 (US$M)
Latin America Biodegradable Plastic Films Market Outlook Share, 2023 & 2030 (US$M)
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