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Biopolymer Films Market Global Trends, Market Share, Industry Size, Growth, Opportunities, and Market Forecast 2019 to 2029

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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 nat
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.
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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.
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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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