Middle East & Africa Biodegradable Plastic Films Market Size & Outlook
Middle East & Africa biodegradable plastic films market, 2018-2030 (US$M)
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MEA biodegradable plastic films market highlights
- The MEA biodegradable plastic films market generated a revenue of USD 31.6 million in 2023.
- The market is expected to grow at a CAGR of 0.7% 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.
- Country-wise, Saudi Arabia is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 31.6 million |
| Market revenue in 2030 | USD 33.1 million |
| Growth rate | 0.7% (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, MEA region accounted for 2.8% 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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Middle East & Africa 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 42.09% in 2023. Horizon Databook has segmented the Middle East & Africa 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 need for eco-friendly packaging solutions, fueled by rising environmental awareness, has resulted in the widespread use of biodegradable materials across the region. PLA, PBAT, and starch mixes are widely employed in packaging applications.
Consumers are shifting their demand preferences for sustainable packaging solutions. Moreover, stringent government regulations and the ban on single-use plastics are further expected to drive the market over the forecast period.
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Target buyers of Middle East & Africa biodegradable plastic films market databook
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Our clientele includes a mix of biodegradable plastic films market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa biodegradable plastic films market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa biodegradable plastic films market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA biodegradable plastic films market size, by country, 2018-2030 (US$M)
Middle East & Africa Biodegradable Plastic Films Market Outlook Share, 2023 & 2030 (US$M)
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