Global Biopolymer Films Market to value over USD 10 billion by 2029 end and register a CAGR of over 7% from 2019 to 2029. The biopolymers film market is principally motivated by the flourishing food and beverage industry, especially in developed nations. Advancements along with escalating food packaging demand for extended preservation has substantially propelled the overall biopolymer films market size over the forecast time spell.
Biopolymer Films Market Global Trends, Market Share, Industry Size, Growth, Opportunities, and Market Forecast 2019 to 2029 Global Biopolymer Films Market to value over USD 10 billion by 2029 end and register a CAGR of over 7% from 2019 to 2029. The biopolymers film market is principally motivated by the flourishing food and beverage industry, especially in developed nations. Advancements along with escalating food packaging demand for extended preservation has substantially propelled the overall biopolymer films market size over the forecast time spell. Biopolymers are derived naturally from organic sources such as plant proteins and starch and are easily degradable by the action of micro-organisms when exposed to moisture and heat. Bio-based plastics and biopolymers have been widely used due to their ability to replace oil-based packaging materials with bio-based films & containers, that might give not only a competitive advantage due to the more sustainable and greener effect, but also some improved technical properties. The growing focus towards sustainable development, implementation of strict environmental regulations to reduce carbon content, fluctuating fuel prices and limited availability of petroleum resources is expected to create lucrative opportunities for bio-based plastics and polymers in the coming years. High production cost in contrast to synthetic films is one of the major pitfalls faced by the biopolymer films market. Relatively low vapor barrier and mechanical properties of the product will likely affect industry growth. However, technological advancements such as atomic layer deposition and multilayer films have introduced the optimistic growth of products with promising characteristics. The aforementioned trends along with an increased focus on sustainable packaging by brand owners and retail companies will drive the market demand for biopolymer packaging, thus creating new industry growth prospects for biopolymer films over the projected timeframe. Request a Sample Report @ https://www.futurewiseresearch.com/requestsample.aspx?id=2305&page=requestsample Market Segmentation: 1. By Raw Material ● Bio-based ● Microbial synthesized ● Synthetic ● Partially bio-based Bio-based will hold the maximum market share. Prolific availability of these resources such as chitosan, pectin, cellulose, protein, and starch will augment the global biopolymer films market share over the estimated timespan. Microbial synthesized biopolymer films will experience promising gains. Superior barrier and mechanical properties provided by these raw materials-based films is the major factor propelling industry growth in this segment. Microbial synthesized are obtained generally by structural, intracellular and extracellular microorganism synthesis. 2. By Technology ● Sol-gel ● Atomic layer deposition (ALD) ● Multilayer 3. By Product ● Polylactic acid (PLA) film ● Mulch films (starch blends) ● Cellophane ● Polyhydroxybutyrate (PHB) films ● Polyamide films ● Polyhydroxyalkanoate (PHA) films ● Polyvinyl alcohol (PVA) films ● Others 4. By End-user ● Food & beverage ● Medical & pharmaceutical ● Home & personal care ● Agriculture ● Others 5. By Region ● North America ● Europe ● Asia Pacific ● Latin America ● Rest of the World North America led by the U.S. biopolymer film market size accounted for major market share. The regional growth is mainly attributed to robust product demand for food packaging applications. The prevalence of strict norms formulated by the FDA in the U.S. for food packaging applications will substantially boost the regional industry size by 2025. Asia Pacific region is a key contributor and is forecast to observe maximum gains during the forecast period. The region will witness significant growth opportunities particularly due to increasing product demand for food and medical applications. Increasing consumer spending patterns towards food, beverage, and cosmetics will further complement regional growth over the estimated timeframe. Purchase a Copy & Ask For Discount: https://www.futurewiseresearch.com/requestsample.aspx?id=2305&page=askfordiscount Competitive Landscape: ● Tier 1 players- established companies in the market with a major market share ● Tier 2 players ● Emerging players which are growing rapidly ● New Entrants Company Profiles: ● Avery Dennison Corporation ● Mondi Group ● NatureWorks LLC ● Braskem SA ● Toray Industries Inc. ● Plastic Union NV ● Yield10 Bioscience, Inc. ● Industria Termoplastica Pavese SpA (ITP) ● Evonik Industries AG ● Amcor Ltd. ● BASF SE ● Innovia Films ● BioBag International AS ● Taghleef Industries ● Klöckner Pentaplast FutureWise Takeaways ● Growth prospects ● SWOT analysis ● Key trends ● Key data points affecting market growth Objectives of the Study: ● To provide an exhaustive analysis on the global biopolymer films market by raw material, technology, by product and by region ● To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints) ● To evaluate and forecast micro-markets and the overall market ● To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the rest of the world ● To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions ● Profiling of companies to evaluate their market shares, strategies, financials and core competencies Inquire further details about this report at: [email protected] About FutureWise Research: We specialise in high-growth niche markets, assuring flexibility, agility and customised solutions for our clients. Through in-depth market insights and consultancy, we present our clients with the tools they need to be at the forefront of their industry – a position secured for far more than the near future. Contact Us: Company Name: FutureWise Research Contact Person: Vinay Thaploo Email: [email protected] Phone: +44 141 628 9353 / +1 970 279 4295 City: Leeds Country: United Kingdom Website: www.futurewiseresearch.com
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