Biopolymer Films Market Size
With the growing demand for bio-based packaging solutions, biopolymer films market size registered at roughly USD 4 billion in 2021 and is expected to exhibit significant rise at a CAGR of 8.4% from 2022 to 2028. In recent years, favoring government rules on the usage of bio-based polymers instead of synthetic ones has helped to favorably affect the worldwide market share.
For example, the U.S. FDA has developed guidelines for applying biopolymer films in food packaging uses, especially considering their minimal toxicity. For food packing purposes, for example, PLA and cellulose films are mostly used.
In North America and Europe, food packaging has been somewhat well-known and has resulted in extensive product uses in both areas. Furthermore important influencing product demand throughout the projection period would be improved socio-economic conditions in the Asia Pacific coupled with the growing working population in the area, especially India.
The opening of several food outlets such Burger King, Subway, etc., throughout the Asia Pacific will increase demand for biopolymer film in food packaging uses. Furthermore complementing the global biopolymers films market share by 2028 will be developing consumer awareness worldwide in terms of environmental conservation and lowering of dangerous solid waste (synthetic plastics).
Strong development in pharmaceutical, home and personal care, etc. is another important driver of industrial growth. Still, the expansion will be hampered by somewhat poor product characteristics as compared to synthetic films like PE and PP films.
| Report Attribute | Details |
|---|---|
| Base Year | 2021 |
| Biopolymer Films Market Size in 2021 | 4.07 Billion (USD) |
| Forecast Period | 2022 to 2028 |
| Forecast Period 2022 to 2028 CAGR | 8.4% |
| 2028 Value Projection | 7.06 Billion (USD) |
| Historical Data for | 2018 to 2021 |
| No. of Pages | 350 |
| Tables, Charts & Figures | 594 |
| Segments covered | Raw Materials, Technology, Product, End-Use |
| Growth Drivers |
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| Pitfalls & Challenges |
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High product costs relative to synthetic and semi-synthetic films are probably going to cause problems for the biopolymer films market in next years. Low production volume of biopolymer films explains their three to four times higher cost than polyelene films. A somewhat low vapor barrier and mechanical characteristics of the product could restrict the market during the projection period. But thanks to technological developments, atomic layer deposition and multilayer films have emerged, which will probably present lots of business possibilities in the next years.
Biopolymer Films Market Analysis
The market is expected to rise at a CAGR of over 8.5% by 2028, valued at over 1.7 billion based on the bio-based sector. The bio-based biopolymer films market has evolved recently in response to growing food and beverage sector need for organic and renewably derived packaging goods for extended preservation. The great availability of bio-based ingredients including starch, chitosan, protein, and cellulose will probably drive the biopolymer films market value over the forecast period.
By 2028, the multilayer segment is estimated to bring in almost $3.3 billion in sales. Since the multilayer process provides multilayer films to the end product, so improving the water vapor barrier and preserving product stability. This makes it a commonly used method in the biopolymer films market for the coating of different materials. Low or dry moisture content food products find great usage for this kind of film as a packaging material.
The polylactic acid segment will witness a CAGR of 8.9% during the forecast period. PLA is a biodegradable aliphatic thermoplastic polyester that is primarily obtained via renewable resources and highlights compostable & thermoplastic properties. PLA also showcases thermal, mechanical, and barrier properties when compared to the other types of synthetic polymers such as polystyrene and ethylene terephthalate. This type of film is primarily found in applications such as compost bags, disposable tableware, loose-fill packaging, disposable tableware, etc.
The food and drinks industry is expected to grow significantly over the next few years, creating a huge demand for biopolymer films. These films are made from natural materials like plants and are increasingly being used to protect frozen chicken and other poultry products. Biopolymer films can help keep poultry fresh by preventing oxygen from getting in and causing the meat to spoil. They can also be used to add moisture and texture to the meat, and they can even carry antimicrobial and antioxidant compounds to help fight off bacteria and keep the meat safe. The growing demand for food and drinks, especially in developing countries, is driving the growth of the biopolymer films market. As more and more people around the world can afford to buy more food, the need for effective packaging solutions like biopolymer films will continue to increase.
The Europe biopolymer films market is expected to reach over USD 1.9 billion by 2028. The UK has consistently been a significant producer of biopolymers in recent years. The abundant availability of raw materials coupled with consistent technological innovations by significant market players in the region, such as Mondi, BASF SE, and Evonik Industries AG, will drive the market. Supportive government norms for safer food packaging, such as EN 13432, EN 14045, and others, will also boost the regional market during the forecast period.
Biopolymer Films Market Share
The biopolymer films industry players are primarily focused on enhancing their strategic partnerships to capture new markets and drive their revenue generation. Various industry participants that are associated with the biopolymer films market are working on developing new products, forming mergers & acquisitions, and increasing their research & development activities to strengthen their market presence.
The various industry players associated with the biopolymer films market are
- Avery Dennison Corporation
- Taghleef Industries
- Mondi Group
- Plastic Union NV
- NatureWorks LLC
- Innovia Films
- BASF SE
- Evonik Industries AG
- Industria Termoplastica Pavese SpA (ITP)
- Braskem SA
- Yield10 Bioscience, Inc.
- Toray Industries Inc.
- Amcor Ltd.
- BioBag International AS
- Klöckner Pentaplast
The biopolymer films market report includes in-depth coverage of the industry with estimates & forecast in terms of volume in kilo tons and revenue in USD million from 2022 to 2028 for the following segments
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
- Polyhydroxybutyrate (PHB) films
- Polyhydroxyalkanoate (PHA) films
- Polyvinyl alcohol (PVA) films
- Polyamide films
- Mulch films (starch blends)
- Cellophane
- Others
By End-user
- Food & beverage
- Home & personal care
- Medical & pharmaceutical
- Agriculture
- Others
The above information is provided on a regional and country basis for the following
By Region
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Asia Pacific
- China
- India
- Japan
- Australia
- Indonesia
- Malaysia
- South America
- Brazil
- Mexico
- Middle East & Africa (MEA)
- South Africa
- Saudi Arabia
- UAE
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