U.S. Biodegradable Plastic Films Market Size & Outlook
U.S. biodegradable plastic films market, 2018-2030 (US$M)
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U.S. biodegradable plastic films market highlights
- The U.S. biodegradable plastic films market generated a revenue of USD 183.6 million in 2023 and is expected to reach USD 249.5 million by 2030.
- The U.S. market is expected to grow at a CAGR of 4.5% 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 183.6 million |
| Market revenue in 2030 | USD 249.5 million |
| Growth rate | 4.5% (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, U.S. accounted for 16.2% 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 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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U.S. 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 41.61% in 2023. Horizon Databook has segmented the U.S. 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 U.S. biodegradable plastics market is expected to rise significantly over the forecast period on account of the growing demand for bio-based packaging in the medical, food, and consumer goods sectors.
Biodegradable plastics such as PLA and PBT have higher tensile strength, are eco-friendly, and are convenient for use as compared to conventional plastics. As a result, the demand for biodegradable plastics is projected to propel over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. biodegradable plastic films market , including forecasts for subscribers. This country databook contains high-level insights into U.S. biodegradable plastic films market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. biodegradable plastic films market size, by type, 2018-2030 (US$M)
U.S. Biodegradable Plastic Films Market Outlook Share, 2023 & 2030 (US$M)
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