Biopolymer Films Market Growth, Trends and Forecasts to 2024 | Hexa Research

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Biopolymer Films Market Share, Size, Analysis, Growth, Trends
and Forecasts to 2024 | Hexa Research
" The global biopolymer films market, in terms of
volume is expected to exceed 17 million tons by
2022. It had a market demand of 5 million tons in
2013. "
The global biopolymer films market is expected to exceed 17 million tons by 2022. It had a market demand
of 5 million tons in 2013. This industry is driven by the preference for renewable materials in an attempt to
reduce pollution. Bio-based polymers such as PTMT (polytrimethylene terephthalate), TPS (thermoplastic
starch), PLA (polylactic acid), and PHA (polyhydroxyalkonoates) may reap favorable returns over the forecast
period (2016-2024).
Biopolymers are polymers made from renewable sources. These are eco-friendly because they are derived
from plant or animal sources. Moreover, they have the potential to reduce carbon emissions in the
atmosphere. Demand for biopolymers stems from price competitiveness and regulations favoring commercial
composting processes. High costs and supply side constraints could impede market growth. But it can be
resolved if chemical companies collaborate with agribusiness companies to produce biopolymers.
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The worldwide biopolymer films market is fragmented according to products, applications, and regions. PLA,
PHA, biodegradable starch blends, biodegradable polyesters are various products in the market. PLA had a
market demand of over 300 kilotons in 2014. It is used in food applications which include hot seal overlays,
twist wrap, and flow wrap. It exhibits properties, such as elasticity, stiffness, hardness, and impact strength
akin to conventional thermoplastics.
Unlike polymers, PLAs can hold or retain creases just like paper and foil. This is a key factor that could
stimulate market demand during the forecast period. PLA/Chitosan or PLA/Pectin based biopolymer films are
mostly used in antimicrobial (AM) packaging. PLA/pectin composites are known to restrict growth of
Lactobacillus plantarum, a food pathogen.
Based on applications, the global biopolymer films market is divided into flexible packaging, rigid packaging,
automotive, textiles, consumer goods, agriculture & horticulture, and others. Flexible packaging could be the
largest application segment in the forthcoming years. It would generate nearly 27 million tons by 2024, at
over 3.8% CAGR during the forecast period. This segment may generate over USD 106 billion by 2024,
growing at a CAGR above 4.2% over the next eight years.
Demand for flexible packaging will fuel industry demand for biopolymer films. Flexible packaging offers
benefits, such as additional shelf life and preservation. Hence, it could witness high demand from
pharmaceuticals and food & beverages.
Biopolymer films used in agriculture & horticulture are known as mulch films. They prevent the loss of humus
and provide soils with appropriate amounts of carbon. Environmental concerns along with low labor costs
will propel this segment. Innovation in mulch films and substantial government subsidies may result in
increased demand.
Regions covered are Europe, Asia Pacific, North America, and Rest of the World (RoW). Europe and North
America can expand significantly because of consumer awareness and regulations sup porting the use of
biopolymer films. With a strong market presence, Asia Pacific exhibits high growth potential in the worldwide
biopolymer films market.
Key players in the global market are Toyota Tshuho Corporation, NatureWorks, Toray Industries, and Ta gleef
Industries. Toray Industries has developed a technology containing plasticizer bleeding. This ensures high
stability in the event of external pressures. Such an innovation could lead to greater growth opportunities.
Toyota Tshuho produces bio PET (polyethylene terephthalate) resins from sugarcane. Products made from
this resin are currently replacing conventional PET products.
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Table of Content of Biopolymer Films Market
Table of Contents
1. Methodology & Scope
1.1 Research Methodology
1.1 Initial Data Exploration
1.2 Statistical Modeling and Forecast
1.3 Industry Insights and Validation
1.2 Research Scope & Assumptions
1.3 List of Data Sources
2. Executive Summary
2.1 Industry Summary of Biopolymer Films Market
3. Industry Outlook
3.1 Biopolymer Films Market Segmentation
3.2 Biopolymer Films Market Size and Growth Prospects
3.3 Biopolymer Films Market Dynamics
3.4 Key Opportunities Prioritized
3.5 Industry Analysis - Porter's
3.6 Market Share Analysis
3.7 Market PESTEL Analysis, 2016
4. Application Framework
4.1 Biopolymer Films Market share by application, 2016 & 2024
5. Regional Outlook
5.1 North America
5.2 Europe
5.3 Asia Pacific
5.4 Latin America
5.5 MEA (Middle East and Africa)
5.6 RoW (Rest of the World)
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6. Competitive Landscape
6.1 Toyota Tshuho Corporation
6.1.1 Company Overview
6.1.2 Financial Performance
6.1.3 Product Benchmarking
6.1.4 Strategic Initiatives
6.2 NatureWorks
6.2.1 Company Overview
6.2.2 Financial Performance
6.2.3 Product Benchmarking
6.2.4 Strategic Initiatives
6.3 Toray Industries
6.3.1 Company Overview
6.3.2 Revenue Analysis
6.3.3 Product Benchmarking
6.3.4 Strategic Initiatives
6.4 Tagleef Industries
6.4.1 Company Overview
6.4.2 Revenue Analysis
6.4.3 Product Benchmarking
6.4.4 Strategic Initiatives
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The global biopolymer films market, in terms of volume is expected to exceed 17 million tons by 2022. It had a market demand of 5 million tons in 2013.

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