Biopolymer Films Market Size Expected to Garner USD 12.8 Billion by 2030 growing at 8.3% CAGR - Exclusive Report by Acumen Research and Consulting
The Global Biopolymer Films Market Size is predicted to reach USD 12.8 Billion by 2030 from USD 6.3 Billion in 2021, at a CAGR of 8.3% between 2022 and 2030, as per the Acumen Research and Consulting
The biopolymer films market has witnessed significant growth in recent years due to increasing demand for eco-friendly and sustainable packaging solutions. Biopolymer films are made from renewable resources such as corn starch, cellulose, and proteins, and are biodegradable and compostable, making them an attractive alternative to traditional petroleum-based plastic films. Additionally, biopolymer films have comparable mechanical properties to conventional plastic films, making them suitable for a wide range of applications in the packaging industry, including food packaging, agriculture, and medical devices.
The growing awareness of the negative impact of plastic waste on the environment has led to increasing government regulations aimed at reducing plastic usage, which has further boosted the demand for biopolymer films. Moreover, the increasing demand for sustainable packaging solutions from consumers is also driving the market growth.
Biopolymer Films Market Statistics
- Global biopolymer films market revenue collected USD 6.3 Billion in 2021, with a 8.3% CAGR between 2022 and 2030
- Europe biopolymer films market value gathered more than USD 1.7 Billion in 2021
- By technologies, the multilayer category capture over 47% of total market share in 2021
- BASF is a significant player in the worldwide biopolymer film industry and a leading producer of biopolymer films
- Growing demand for food packaging, fuels the biopolymer films market size
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Biopolymer Films Market Trends
The biopolymer films market is growing at rapid pace as the demand for eco-friendly and sustainable packaging solutions increases globally. This growth is attributed to the increasing awareness about the harmful effects of conventional plastic packaging on the environment and health. The biopolymer films are derived from natural resources and are biodegradable, making them a suitable alternative to traditional plastic packaging.
The increasing demand for biopolymer films from various end-use industries such as food and beverages, agriculture, personal care, and pharmaceuticals is driving the growth of the market. The biopolymer films are not only environmentally friendly but also offer better oxygen and moisture barrier properties compared to traditional plastic films. This has led to an increase in the usage of biopolymer films in packaging applications, which is further fueling the growth of the market.
Rising Concerns Over Plastic Waste Drive the Biopolymer Films Market Growth
Rising concerns over plastic waste are driving the biopolymer films market because biopolymer films are seen as a solution to reduce the amount of plastic waste generated. Biopolymer films are made from renewable resources and are biodegradable, meaning that they break down into natural substances in the environment. This reduces the impact of plastic waste on the environment, as conventional plastic packaging can take hundreds of years to degrade and cause harm to wildlife and ecosystems. The increasing awareness of the negative impact of plastic waste has led to a demand for more sustainable packaging solutions, driving the market growth.
Biopolymer Films Market Segmentation
Acumen Research and Consulting has segmented the global biopolymer films market by product, raw materials, technology, end-user, and region.
- By product, the industry is categorized into PVA films, PLA films, PBAT films, PHA films, Polyamide films, Mulch films, PHB films, and others.
- By raw materials, the market is divided into the partially bio-based, bio-based, synthetic, and microbial synthesized.
- By technology, the industry is split into multilayer, sol-gel, and atomic layer deposition (ALD).
- By end-user, the market is bifurcated into agriculture, food & beverage, medical & pharmaceutical, home & personal care, and others.
- By region, the market is classified into Europe, Latin America, Asia-Pacific, North America, and the MEA.
Biopolymer Films Market Regional Overview
Europe is a leading market for biopolymer films due to a number of factors, including the region's strong focus on sustainability and environmental protection. The European Union has implemented several regulations aimed at reducing plastic waste and promoting the use of biodegradable and compostable materials. These regulations have encouraged the adoption of biopolymer films in the packaging industry, particularly in the food and beverage sector.
In addition, the growing demand for eco-friendly packaging solutions in Europe has resulted in increased investment in research and development of biopolymer films. This has led to the development of new biopolymers and processing techniques, making biopolymer films more cost-competitive and versatile compared to conventional plastic packaging. Furthermore, the high level of consumer awareness about the impact of plastic waste on the environment in Europe has driven demand for biodegradable and compostable packaging solutions, further propelling the biopolymer films market share in the region.
Biopolymer Films Market Players
Some of the major biopolymer films market companies are BASF, Avery Dennisonare, Taghleef, Amcor, Plastic Union, NatureWorks, Evonik, BioBag International, Toray Industries, Industria Termoplastica Pavese, Mondi Group, KlöcknerPentaplast, Innovia Films, and Braskem.
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