Global Biopolymer Films Market Share Is Likely To Reach At A CAGR Value Of Around 7% By 2026

12-Mar-2020 | Facts and Factors

Findings from Facts and Factors report “Biopolymer Films Market By Technology (Sol-gel, Atomic layer deposition [ald], and Multilayer), By Product (PLA, PHB, PHA, PVA, Polyamide, Mulch, and Cellophane) and By End-User (Food & Beverage, Home & personal care, Medical & pharmaceutical, and Agriculture): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global Biopolymer Films market in 2019 was approximately USD 4.5 billion. The market is expected to grow at a CAGR of 7% and is anticipated to reach around USD 7.2 billion by 2026.

Biopolymer films are mostly used in the food & beverage industry. It stimulated market growth by increasing demand for packaged food, in particular with an increase in per capita income and an increase in the number of workers worldwide. For example, biopolymer packaging is commonly used for packing fresh food, dry snacks, tetra packs, juice cans, and meat trays together with cup coats, cardholders, and film.

Browse the full “Biopolymer Films Market By Technology (Sol-gel, Atomic layer deposition [ald], and Multilayer), By Product (PLA, PHB, PHA, PVA, Polyamide, Mulch, and Cellophane) and By End-User (Food & Beverage, Home & personal care, Medical & pharmaceutical, and Agriculture): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" https://www.fnfresearch.com/biopolymer-films-market-by-technology-sol-gel-atomic-711

The increasing use of environmentally friendly or less hazardous products across different sectors increases the market demand for biopolymer films. In addition, demand is driven by the quality of biopolymer-based food packaging materials. The increasing number of working women has further increased the demand for food packed and ready to eat in the recent past. In addition, the growing number of packaged food players in the last five years has boosted the biopolymer film market. Synthetic films, high production costs are one of the major drawbacks of biopolymer films in the industry. The development of the sector is likely to be affected by a relatively low vapor barrier and the mechanical properties of the drug. However, technological advances, such as nuclear layer deposition and multilayer films, have given rise to positive product developments with promising features. This increased focus on sustainable packaging by brand owners and retailers would boost the biopolymer market and create new opportunities for the industry to produce biopolymer films over the expected timeframe.

In 2019, the food & drink segment held a significant share and accounted for more than 42% of the global market share of biopolymer film. These films are used to maintain frozen chicken and are subsumed into gelatin cover to prevent the formation of oxidative rancidity, particularly in the case of cut poultry meat, before being kept at low temperatures. In the near future, increasing demand for bio-based food packaging products will boost the size of the industry, particularly as a result of strict EPA and FDA regulations, along with increased consumer awareness of bio-degradable products.

North America has dominated the global biopolymer film industry with a CAGR of more than 6%. The geographic share of the sector was mainly due to the existence of rigid standards on the U.S. market, preferring bio-based products for food packaging and solid food applications. As a result, large R&D investments in the United States will boost market growth over the forecast period.

Report Scope

Some of the essential players operating in the biopolymer film market, but not restricted to include KlöcknerPentaplast, Mondi Group, BASF, Amcor, Braskem, Evonik, Avery Dennison, Innovia Films, Toray Industries, Taghleef, and others.

This report segments the biopolymer film market as follows:

Global Biopolymer Film Market: By Technology Segmentation Analysis

• Sol-gel
• Atomic layer deposition [ald]
• Multilayer

Global Biopolymer Film Market: By Product Segmentation Analysis

• PLA
• PHB
• PHA
• PVA
• Polyamide
• Mulch
• Cellophane

Global Biopolymer Film Market: By End-User Segmentation Analysis

• Food & beverage
• Home & personal care
• Medical & pharmaceutical
• Agriculture

Global Biopolymer Film Market: Regional Segmentation Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • Germany
  • The UK
  • France
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of the Middle East & Africa

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