UK Biodegradable Plastic Films Market Size & Outlook
UK biodegradable plastic films market, 2018-2030 (US$M)
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UK biodegradable plastic films market highlights
- The UK biodegradable plastic films market generated a revenue of USD 70.5 million in 2023 and is expected to reach USD 89.2 million by 2030.
- The UK market is expected to grow at a CAGR of 3.4% 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.
Biodegradable plastic films market data book summary
| Market revenue in 2023 | USD 70.5 million |
| Market revenue in 2030 | USD 89.2 million |
| Growth rate | 3.4% (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, UK accounted for 6.2% 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 Europe, Germany biodegradable plastic films market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 89.2 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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UK 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 41.42% in 2023. Horizon Databook has segmented the UK 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 growing consumption of plastics and plastic products across several industries, including packaging and textile, is resulting in the rise of plastic waste in the country.
Rising concerns among consumers regarding plastic waste and environmental health are likely to drive the demand for biodegradable plastics across the UK.
The growth of e-commerce sales, rising demand from food & beverage producers for eco-friendly and recyclable packaging, high demand for product customization, and the growing industrial packaging sector are expected to propel the biodegradable plastics market in the country.
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Horizon Databook provides a detailed overview of country-level data and insights on the UK biodegradable plastic films market , including forecasts for subscribers. This country databook contains high-level insights into UK biodegradable plastic films market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK biodegradable plastic films market size, by type, 2018-2030 (US$M)
UK Biodegradable Plastic Films Market Outlook Share, 2023 & 2030 (US$M)
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