Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, The Global Compostable Multilayer Films Market Size is Expected to Grow from USD 1.35 Billion in 2023 to USD 3.37 Billion by 2033, at a CAGR of 9.58% during the forecast period 2023-2033.
Browse 210 Market Data Tables And 45 Figures Spread Through 190 Pages and In-Depth TOC On the Global Compostable Multilayer Films Market Size, Share, and COVID-19 Impact Analysis, By Material Type (Polylactic Acid (PLA), PHA, Starch-based Films and Cellulose-based Films), By Application (Food Packaging, Personal Care, Pharmaceuticals and Agriculture), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033.
The market for biodegradable multilayer films includes films made to break down into natural components under particular composting circumstances. In order to obtain particular qualities, these films are usually made up of several layers of various polymers, frequently employing methods like co-extrusion. The growing need for eco-friendly substitutes for conventional, non-compostable packaging materials is propelling the market. Packaging films made to break down in a compost setting into natural materials, including carbon dioxide, water, and biomass, are known as compostable multilayer films. To accomplish particular barrier qualities and usefulness, these are composed of several layers of materials, frequently a hydrophobic lipid or oil layer on top of one or more hydrophilic biopolymer layers. These films are biodegradable and compostable because it is composed of natural polymers. Furthermore, compostable multilayer films are being strongly accelerated by the global regulatory environment's tougher attitude against single-use and non-biodegradable plastic products. Policies like California's SB 54 law, the EU Single-Use Plastics Directive, and Extended Producer Responsibility (EPR) frameworks are pressuring brand owners and package converters to make the switch to compostable alternatives immediately. However, the production of biodegradable multilayer films faces significant difficulties in striking a balance between cost-effectiveness and performance requirements, notwithstanding their environmental appeal.
The polylactic acid (PLA) segment dominated the largest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.
Based on the material type, the global compostable multilayer films market is divided into polylactic acid (PLA), PHA, starch-based films, and cellulose-based films. Among these, the polylactic acid (PLA) segment dominated the largest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. PLA's established production scale, advantageous mechanical qualities, and cost-effectiveness have made it the most commercially feasible biodegradable polymer in multilayer film architectures.
The food packaging segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.
Based on the application, the global compostable multilayer films market is divided into food packaging, personal care, pharmaceuticals, and agriculture. Among these, the food packaging segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. Compostable multilayer films are rapidly gaining traction in the food packaging industry as a result of changing retail needs and packaging regulations that target flexible, non-recyclable formats. Major supermarket chains and food companies are pushing for the integration of circular economy principles, which reduce contamination in organic waste streams while preserving food safety and shelf life.
North America is anticipated to hold the highest share of the global compostable multilayer films market over the projected period.
North America is anticipated to hold the highest share of the global compostable multilayer films market over the projected period. The emergence of green procurement laws at the local, state, and federal levels is one of the main factors propelling the market in North America. For food service, institutional catering, and event-based applications, governments are increasingly requiring compostable packaging options, especially for single-use formats.
Asia Pacific is estimated to grow at the fastest CAGR of the global compostable multilayer films market during the forecast period. With government-backed programs promoting regional biopolymer manufacturing and end-use packaging applications, the region's drive toward bioeconomy growth is a major factor propelling this market. To lessen reliance on imports and increase the supply of indigenous feedstocks for PLA, PBS, and starch blends, nations like China, Thailand, and India are creating bio-refineries, providing tax advantages, and sponsoring R&D clusters.
Company Profiling
Major vendors in the global compostable multilayer films market are Tipa Corp, Kuraray Co., Ltd., Futamura, Taghleef Industries, BASF SE, Novamont, Amcor plc, Earthfirst Films, and others.
Key Target Audience
Recent Development
Market Segment
This study forecasts revenue at the global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global compostable multilayer films market based on the below-mentioned segments:
Global Compostable Multilayer Films Market, By Material Type
Global Compostable Multilayer Films Market, By Application
Global Compostable Multilayer Films Market, By Regional
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