A biodegradable and renewable film that may be employed in a wide variety of applications is provided. The film is formed from a thermoplastic composition that contains at least one starch and at least one plant protein. Even at a high renewable material content, the present inventors have discovered that films may be readily formed from plant proteins and starches by selectively controlling the individual amount of the starch and plant proteins, the nature of the starch and plant proteins, and other components used in the film. Balancing the amount of starches and plant proteins within a certain range, for instance, can reduce the likelihood of plant protein aggregation and enhance the ability of the composition to be melt processed. The composition also contains at least one plasticizer that improves the thermoplastic nature of the protein and starch components. The selection of the plasticizer may also help reduce the tendency of the plant protein to aggregate during melt processing. For example, a relatively acidic plasticizer (e.g., carboxylic acid) may be employed in certain embodiments to minimize the formation of disulfide bonds in a gluten protein, and thereby decrease its tendency to aggregate.