Biopolymer Films Market Analysis Report 2024: BASF, Mondi Group, Plastic Union, Toray Industries, Evonik, Avery Dennison, Braskem, Amcor, Innovia Films, BioBag International

Global biopolymer films market size is majorly driven by robust growth in the food & beverage industry. For instance, the global food & beverage industry is likely to observe growth close to 8% CAGR over the estimated timeframe. The industry is also positively influence by drifting consumer focus for food packaging films derived from bio-based sources such as polysaccharides (starch, cellulose) and proteins (soy, whey & gelatin).

The product has brighter growth aspects in medical applications like wound management, controlled drug release and space filling implants on account of its biocompatibility.

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Rigorous legislations against use of synthetic and semi-synthetic films in food packaging because of its harmful effects especially in case of the direct food contact, is likely to propel product demand in food packaging applications. Introduction of edible biopolymer films for the food industry will complement the overall industry share over the estimated timeframe.

The product market bears the only restraint of relatively higher costs compared to their counterparts such as semi-synthetic and synthetic films. This trend might negatively affect the market by 2024.

Relatively lower vapor barrier and mechanical properties of the product might restrain industry growth. Technological developments including multilayer and ALD has introduced products with properties in accordance with industry requirements and has thus created wider growth avenues for the product manufacturers. Supportive regulations by the FDA and EPA regarding the ecofriendly films usage in medical, food packaging, cosmetic and pharmaceutical will have a positive impact on the market growth.

Bio-based raw material market accounted for around 40% of the overall market share. The industry share was significant for product manufacturing with usage of biomass like polysaccharides, lipids and proteins. Microbial synthed biopolymer films market will rise with CAGR more than 16% by 2024.

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Biopolymer films market by raw material:

• Bio-based
• Microbial synthed
• Synthetic
• Partially

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

Biopolymer films market by end-user:

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

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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.

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.

Key market players are Taghleef Industries, Avery Dennison Corporation, Mondi Group, NatureWorks LLC, Innovia Films, Plastic Union NV, Industria Termoplastica Pavese SpA (ITP), BASF SE, Evonik Industries AG, Braskem SA, Yield10 Bioscience, Inc., Toray Industries Inc., Amcor Ltd., Klockner Pentaplast, BioBag International AS

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