Biodegradable Plastic Films Companies and Market Forecast
The global biodegradable plastic films market size was evaluated at US$ 1.20 billion in 2023 and is expected to attain around US$ 1.95 billion by 2034, growing at a CAGR of 4.50% from 2024 to 2034.
Biodegradable Plastic Films Market Top Companies List
- BASF SE
- Cortec Corporation
- Kingfa Sci. & Tech. Co., Ltd.
- Futamura Chemicals Co., Ltd
- BioBag Americas, Inc.
- Plastchim-T
- Shreeji Stretch Film Industries
- Clondalkin Group Holding B.V.
- Tipa Corp. Ltd.
- Brentwood Plastics, Inc.
Latest Announcement by Industry Leaders
The bioplastic projects expected to be ventured in Kolkata holds the revenue potential of about Rs.1800 Crore, commissioned in 2026.
Avantika Saraogi, Executive Director, Balrampur Chini Mills,
- In October 2024, the executive director of Balrampur Chini Mills stated their goal to establish the company as a prominent player in bio-plastics production. The bioplastic project aims to put the company’s revenue around Rs.1700-1800 crore which also aims to meet the demand of 75,000 tonnes bio-plastic capacity.
Recent Developments
- In October 2024, Saudi Arabia's SABIC and Lamb Weston launched a UCO-based packaging firm. This new packaging from Oerleman Plastics reduces film thickness by 20% and carbon emissions by 30%. It complies with EU and FDA food safety regulations.
- In September 2024, Braskem, the largest US polyolefin producer, global market leader and pioneer producer of biopolymers on an industrial scale, announced the launch of its bio-circular polypropylene (PP) under the WENEW brand. WENEW is a step forward in the sustainable development of the restaurant and snack industry.
- In September 2024, Australia’s national research agency CSIRO and Murdoch University launched the Bioplastics Innovation Hub, an $8 million collaboration that will work with industry partners to create the next generation of 100% compostable plastics.
