Overview

Biopolymer Films Market Introduction

Global Biopolymer Films Market value over USD 10 billion by 2027 end and register a CAGR of over 7% from 2020 to 2027.

A major factor driving the growth of the global biopolymer film market during the forecast period is increasing demand for biopolymers in food & beverage and agriculture industries. Stringent regulations regarding the use of synthetic and semi-synthetic films, coupled with rising initiatives to promote the adoption of biopolymer films, especially in food packaging and related applications, is expected to drive the growth of the market. Biopolymer films help in protecting food from exposure to the environment, and also to maintain the quality of food products. Moreover, the negative environmental impact of non-biodegradable films has influenced various governments to launch initiatives to promote the use of biopolymer films for packaging applications.

Biopolymers are polymers derived from renewable sources and are eco-friendly. Moreover, the raw materials required for the production of biopolymer films are easily available. Biopolymers films are biodegradable and degrade easily when exposed to heat, moisture, and microbial actions, and hence leave no traces of residual in the implantation. Moreover, they emit a low carbon footprint in the atmosphere. These advantages and features of biopolymers are expected to support the revenue growth of the target market over the forecast period. However, the cost of biopolymer films is comparatively higher than that of synthetic and semi-synthetic films, which is one of the major factors that could affect the adoption rate, thereby restraining the growth of the global biopolymer films market to a certain extent.

The development of innovative products such as Polyethylene Furanoate (PEF), which is a new polymer is similar to PET but is 100% bio-based. Features of PEF include a superior barrier and thermal properties. In addition, PEF polymer films can be used for the packaging of food, beverages, and non-food products as it is entirely made from vegetable raw materials and is 100% recyclable. In addition, it has a greater level of impermeability to carbon dioxide and oxygen, resulting in a longer shelf life. These technological advancements can create lucrative growth opportunities for key players in the global biopolymer films market.

Favorable environmental regulations the EPA and FDA towards the usage of eco-friendly films across food packaging, medical, pharmaceutical, and cosmetic for packaging applications.

In addition, rising adoption of bio-based polymers such as Polytrimethylene Terephthalate (PTMT), Thermoplastic Starch (TPS), Polylactic Acid (PLA), and Polyhydroxyalkanoates (PHA) are among other trends in the market currently

Biopolymer Films Market Segmentation:

By Raw Material

●     Bio-based

●     Microbial synthesized

●     Synthetic 

●     Partially bio-based

By Technology

●     Sol-gel

●     Atomic layer deposition (ALD)

●     Multilayer 

By Product

●     Polylactic acid (PLA) film 

●     Mulch films (starch blends)

●     Cellophane

●     Polyhydroxybutyrate (PHB) films

●     Polyamide films

●     Polyhydroxyalkanoate (PHA) films 

●     Polyvinyl alcohol (PVA) films 

●     Others 

By End-user

●     Food & beverage

●     Medical & pharmaceutical

●     Home & personal care

●     Agriculture 

●     Others 

By Region

●     North America

●     Europe 

●     Asia Pacific

●     Latin America 

●     Rest of the World

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 Present in the global market:

●     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

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