Mexico Biodegradable Plastic Films Market Size & Outlook
Mexico biodegradable plastic films market, 2018-2030 (US$M)
Related Markets
Mexico biodegradable plastic films market highlights
- The Mexico biodegradable plastic films market generated a revenue of USD 58.2 million in 2023 and is expected to reach USD 76.0 million by 2030.
- The Mexico market is expected to grow at a CAGR of 3.9% 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 58.2 million |
| Market revenue in 2030 | USD 76.0 million |
| Growth rate | 3.9% (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, Mexico accounted for 5.1% 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 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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Mexico 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 41.58% in 2023. Horizon Databook has segmented the Mexico 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 biodegradable plastics market in Mexico is expected to witness substantial growth over the forecast period, owing to the rising demand from key application sectors, such as agriculture, packaging, and consumer goods.
The growing adoption of biodegradable plastic products in the food packaging and agricultural sectors is further propelling the demand for biodegradable plastics in the country.
Furthermore, the rising environmental concerns related to single-use plastics and the government’s initiatives to reduce global warming and greenhouse gas emissions are expected to provide lucrative growth opportunities in the coming years.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico biodegradable plastic films market , including forecasts for subscribers. This country databook contains high-level insights into Mexico biodegradable plastic films market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico biodegradable plastic films market size, by type, 2018-2030 (US$M)
Mexico Biodegradable Plastic Films Market Outlook Share, 2023 & 2030 (US$M)
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