GLOBAL COMPOSTABLE FILM MARKET

INTRODUCTION

Bio-polymers like polylactic acid and starch are used to make compostable films (PLA). Similar to biodegradable films, they must meet specific requirements in order to break down, and to be considered compostable under the law.

Compostable is a good soil amendment that may be utilised safely as a product, package, or material that will safely break down in a composting system into a humus-like material.

Recycling compostable plastics might be challenging. They need facilities for commercial and industrial composting. These composting capabilities are not available in all recycling facilities. 

GLOBAL COMPOSTABLE FILM MARKET SIZE AND FORECAST

The Global Compostable film market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.

NEW PRODUCT LAUNCH

TIPA has unveiled a new barrier film that can be composted and has sealing and anticorrosive qualities. To package nuts and crisps, TIPA has introduced its new 312MET home- and industrially compostable barrier film, which is intended to offer a high barrier without the need for an additional sealing layer.

The company asserts that its film, which was unveiled at London Packaging Week, will help reduce the 290,000 tonnes of plastic packaging waste that WRAP estimates are produced in the UK annually. According to estimates, just 6% of that total is recycled, with the remaining 96% going to landfills.

It is estimated that Britain consumes six billion packets of crisps and other salty snacks every year. It is expected that making these products available in compostable packaging will reduce waste without affecting demand for the goods.

The new design, according to TIPA, is also capable of withstanding the corrosive effects of salt and oil from the crisps and nuts it will be used to package.

This is a feature that, according to TIPA, was lacking from earlier iterations of similar designs. This feature is considered to lead to thinner packaging when combined with the high barrier, reducing waste.

TIPA strives to constantly be at the forefront of the development of cutting-edge, environmentally friendly technology.

They are proud to introduce a film that functions just like conventional plastic and has an incredibly high barrier, providing customers with convenience and reassurance that the quality of their product will be protected.

COMPANY PROFILE

• TIPA
• EcoCortec
• Fabbri Group
• KM Packaging
• PSI

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. How many Compostable films are manufactured per annum globally? Who are the sub-component suppliers in different regions?
2. Cost breakup of a Global Compostable film and key vendor selection criteria
3. Where is the Compostable film manufactured? What is the average margin per unit?
4. Market share of Global Compostable film market manufacturers and their upcoming products
5. Cost advantage for OEMs who manufacture Global Compostable film in-house
6. key predictions for next 5 years in Global Compostable film  market
7. Average B-2-B Compostable film market price in all segments
8. Latest trends in Compostable film market, by every market segment
9. The market size (both volume and value) of the  Compostable film market in 2023-2030 and every year in between?
10. Production breakup of Compostable film market, by suppliers and their OEM relationship