The Global Biopolymer Films Market Size accounted for USD 6.3 Billion in 2021 and is projected to occupy a market size of USD 12.8 Billion by 2030 growing at a CAGR of 8.3% from 2022 to 2030.
Biopolymer films market is for the most part determined by thriving food and beverage industry particularly in developed countries including the U.S. alongside raising food packaging demand for expanded safeguarding has generously moved the general biopolymer films market estimate over the coming years.
Biopolymer Films Market Report Statistics
Global Biopolymer Films Market Dynamics
Biopolymer Films Market Report Coverage
|Market||Biopolymer Films Market|
|Biopolymer Films Market Size 2021||USD 6.3 Billion|
|Biopolymer Films Market Forecast 2030||USD 12.8 Billion|
|Biopolymer Films Market CAGR During 2022 - 2030||8.3%|
|Biopolymer Films Market Analysis Period||2018 - 2030|
|Biopolymer Films Market Base Year||2021|
|Biopolymer Films Market Forecast Data||2022 - 2030|
|Segments Covered||By Raw Materials, By Technology, By Product, By End-User, And By Geography
|Regional Scope||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa|
|Key Companies Profiled||Amcor, Braskem, NatureWorks, Taghleef, BioBag International, BASF, Toray Industries, Innovia Films, Industria Termoplastica Pavese, Plastic Union, Mondi Group, Evonik, KlöcknerPentaplast, and Avery Dennisonare.|
||Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis|
Biopolymer Films Market Growth Factors
The whole biopolymer films market estimate is significantly determined by expanding demand for eco-accommodating packaging among buyers. This has asked plastic manufacturers and packaging sellers to move their concentration toward biopolymer packaging and actualize systems for its marking and client securing in coming years. This move towards natural packaging of premium food things, medicines, and other buyer merchandise will move the general biopolymer films market development. Moreover, foundation of consumable biopolymer films in the sustenance market will supplement the overall business share over the assessed time span.
Biopolymer Films Market Insights
Stringent controls contradicted to the utilization of manufactured or petrochemical-put together movies in sustenance packaging with respect to record of its antagonistic impacts if there should be an occurrence of direct food contact, will in the long run support product demand in food and beverages packaging industry. This is turn will decidedly impact the worldwide biopolymer films piece of the pie over the evaluated period. The product offers included advantages, for example, biocompatibility, eco-accommodating qualities and simple crude material accessibility. A portion of the essential difficulties of the worldwide biopolymer films market is their generally staggering expense of bioplastics materials as contrasted and Petro-plastics, just as issues of value/consistency and thickness may hamper the general business development sooner rather than later.
Biopolymer Films Market Segmentation
The global biopolymer films market is segmented based on raw materials, technology, product, end-user, and geography.
Biopolymer Films Market By Raw Materials
According to our biopolymer films industry analysis, the bio-based raw materials sub-segment achieved maximum market share in 2021. In addition to that, bio-based raw materials are also expected to show the same supremacy during the projected timeframe from 2022 to 2030. This dominance in the segment is credited to the increasing use of organic packaging products across food & beverage and pharma industries.
Biopolymer Films Market By Technology
According to our biopolymer films market forecast, multilayer sub-segment generated utmost shares in 2021 and is likely to do so in the coming years. This technology is widely used for coating various materials because it provides multilayer films to the final product, improving the water vapor barrier and ensuring product stability. However, atomic layer deposition (ALD) is anticipated to witness a substantial growth rate in the forthcoming years.
Biopolymer Films Market By Product
Based on product, PLA films would register a noteworthy CAGR throughout the forecast period from 2022 to 2030. PLA is biodegradable aliphatic thermoplastic polyester derived primarily from renewable resources, with compostable and thermoplastic properties.
Biopolymer Films Market By End-User
By end-user, food & beverage sub-segment is showcasing rapid growth over the years. Biopolymer films serve several functions, including texture modifier, oxygen barrier, and moisture barrier. This film also serves as a carrier for antimicrobials and antioxidants. During the forecast period, the growing food and beverage industry, particularly in emerging economies, will have a beneficial impact on the biopolymer films market revenue.
Biopolymer Films Market Regional Outlook
The Middle East & Africa
Biopolymer Films Market Regional Analysis
North America driven by the U.S. biopolymer films market estimated more than USD 1 billion in 2018. The region development is primarily credited to hearty product demand for food packaging application. Asia-Pacific area is a key supporter and is forecast to watch most extreme gains somewhere in the range of 2022 and 2030. The region will observer huge development openings especially because of expanding product demand for food and restorative applications. Expanding purchaser spending design towards food, refreshment and beauty care products will additionally supplement territorial development over the evaluated time period.
Biopolymer Films Market Players
Some of the global biopolymer films companies included in the report are Amcor, Braskem, NatureWorks, Taghleef, BioBag International, BASF, Toray Industries, Innovia Films, Industria Termoplastica Pavese, Plastic Union, Mondi Group, Evonik, KlöcknerPentaplast, and Avery Dennisonare.
The market size of biopolymer films market in 2021 was accounted to be USD 6.3 Billion.
The projected CAGR of biopolymer films market during the analysis period of 2022 to 2030 is 8.3%.
The prominent players of the global biopolymer films payments transaction market include Amcor, Braskem, NatureWorks, Taghleef, BioBag International, BASF, Toray Industries, Innovia Films, Industria Termoplastica Pavese, Plastic Union, Mondi Group, Evonik, KlöcknerPentaplast, and Avery Dennisonare.
North America held the dominating biopolymer films during the analysis period of 2022 to 2030.
Asia-Pacific region exhibited fastest growing CAGR for biopolymer films during the analysis period of 2022 to 2030.
Rising demand in packaging sector, increasing application of synthetic-based films, and soaring demand in pharmaceutical applications drives the growth of global biopolymer films market.
Based on raw materials, PLA films segment is expected to hold the maximum share biopolymer films market.?