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Braskem, Amcor, Innovia Films, BioBag International Profiled in Biopolymer Films Market Ooutlook 2018-2024 | Top Key Players - BASF, Mondi Group, Plastic Union, Toray Industries, Evonik, Avery Dennison
Biopolymer Films Market
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Growing product applications across medical applications owing to its biocompatibility is another major industry growth prospect. The product is used in medical applications such as controlled drug release, space filling implants and wound management. Robust growth in the medical field along with technological advancements, which have created widespread product applications in the medical industry will subsequently boost the overall biopolymer market size by 2024. In addition, stringent legislations against use of synthetic and semi-synthetic films in food packaging on account of its adverse effects in case of direct food contact, will ultimately favor product demand in food packaging applications. This is turn will positively influence the global biopolymer market share over the estimated period.
The product offers valued added advantages such as ecofriendly characteristics, biocompatibility and easy raw material availability. However, relatively high product cost in comparison with prevailing counterparts such as semi-synthetic and synthetic films may hamper the overall industry growth in the near future. For example, biopolymer films market price trend ranges from USD 3/kg to USD 3.5/kg. Whereas, semi-synthetic and synthetic films range from USD 1.2/kg to 2/kg. Additionally, comparatively low mechanical and vapor barrier properties of the product may hinder industry growth. However, technological advancements including ALD and multilayer has introduced products with properties up to industrial requirement and has thus created ample growth opportunities for the product manufacturers. In addition, favoring legislations by the EPA and FDA towards usage of ecofriendly films in the food packaging, medical, pharmaceutical and cosmetic will further create new industry growth opportunities.
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Bio-based raw material led the overall biopolymers market share in 2015 and accounted for approximately 40% of the global share. The industry share was substantial due to increasing usage of biomass such as proteins, lipids and polysaccharides for product manufacturing. However, microbial synthesized biopolymer films market size will witness maximum growth over 16% between 2016 and 2024.
Biopolymers films market share by multilayer technology held the maximum industry share in 2015. the technology helps in enhancing the product characteristics such as moisture barrier, which makes the product desirable across numerous applications including food & beverage, cosmetics and pharmaceutical packaging.
The global polylactic acid (PLA) biopolymer films market size was more than USD 800 million in 2015. Increasing product applications in the end-user industries including agriculture and food packaging is positively influence the global industry size over the projected timeframe. Food & beverage led the global biopolymer films market end-user base in 2015. Escalating package food demand, particularly due to increasing consumer spending power along with increasing working population across the globe will boost industry size.
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North America held roughly around 25% of the overall biopolymer films market share in 2015. The regional industry share was mainly attributed to prevalence of strict norms favoring bio-based products for food packaging applications and robust package food industry in the U.S. In addition, Asia Pacific, mainly led by India and China, will be the fastest growing region during the coming years.
In 2015, the overall industry was fragmented with major industry players accounting less than 30% of the overall share. Braskem, BASF, Innovia Films, Taghleef, Evonik, Avery Dennison, Plastic Union, Mondi Group, Industria Termoplastica Pavese, Klöckner Pentaplast, Toray Industries, BioBag International, NatureWorks and Amcor are some of the prominent biopolymer films market share contributors.
Biopolymer films market research report includes in-depth coverage of the industry, with estimates & forecast in terms of volume in kilo tons and revenue in USD million from 2013 to 2024, for the following segments:
Biopolymer Films Market By Raw Material
Bio-based
Microbial synthesized
Synthetic
Partially bio-based
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Biopolymer Films Market By Technology
Sol-gel
Atomic layer deposition (ALD)
Multilayer
Biopolymer Films Market By Product
PLA films
PHB films
PHA films
PVA films
Polyamide films
Mulch films
PBAT films
Others
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