The global demand for Compostable Films Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020 - 2026.
Compostable films are produced from the biopolymers which include starch or polylactic acid (PLA). They are just like biodegradable films that require conditions to decompose and they must meet certain criteria to be categorized as compostable. The utilization of compostable films is an eco-friendly option for organized horticulture, arable land with restricted water supply. These films do not have any negative effects on the soil. Additionally, it helps in improving the crop quality by preventing the soil disintegration, increasing the soil temperature, providing the supplements, and stifling the development of weeds. They offer a substitute for plastic mulch films to achieve weed control, water preservation, soil temperature balance, and various other advantages.
Major factors responsible for driving the market include growing environmental concerns and rising demand for eco-friendly films. Moreover, the increase in the agricultural sector for better yield of crops in suitable conditions is a key factor boosting the market growth. Greenhouses have resulted the high demand for these films, as the crops grow in proper environmental conditions. The lack of availability of these films in rural regions is hampering for market growth. Increasing demand from developing countries such as China and India is expected to offer growth opportunities to the market.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of compostable films.
The entire compostable films market has been sub-categorized into application and type. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Retail Store
- PLA Films
- Starch-based Films
This section covers regional segmentation which accentuates on current and future demand for compostable films market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Compostable Films Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the compostable films market include Cortec Packaging, Paco Label, TIPA BI-AX International, Futamura, Clondalkin Group, and Polystar Plastics. This section includes olistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.