Saudi Arabia Biodegradable Plastic Films Market Size & Outlook
Saudi Arabia biodegradable plastic films market, 2018-2030 (US$M)
Related Markets
Saudi Arabia biodegradable plastic films market highlights
- The Saudi Arabia biodegradable plastic films market generated a revenue of USD 13.0 million in 2023 and is expected to reach USD 13.9 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 1% 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 13.0 million |
| Market revenue in 2030 | USD 13.9 million |
| Growth rate | 1% (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, Saudi Arabia accounted for 1.1% 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 Middle East & Africa, Saudi Arabia biodegradable plastic films market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 13.9 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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Saudi Arabia 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 42.31% in 2023. Horizon Databook has segmented the Saudi Arabia 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 increase in the demand for adaptable packaging and horticulture across the country is driving the demand for biodegradable plastics. Starch blends contribute to lower carbon emissions while assisting organizations in reducing their carbon impact.
Moreover, the rise in R&D activities for the production of sustainable plastics is expected to boost the production of biodegradable plastic products.
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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 Saudi Arabia biodegradable plastic films market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia biodegradable plastic films market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia biodegradable plastic films market size, by type, 2018-2030 (US$M)
Saudi Arabia Biodegradable Plastic Films Market Outlook Share, 2023 & 2030 (US$M)
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