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Comprehensive analysis on Biopolymer Films Market |Key Players are BASF, Mondi Group, Plastic Union, Toray Industries, Evonik, Avery Dennison, Braskem, Amcor, Innovia Films, BioBag International
Biopolymer Films Market
The biopolymer films market is growing at a fast pace owing to its superior barrier and mechanical properties, which enhances the appearance as well as shelf life of food products. Increase in biopolymer-based product demand is mainly attributed to stringent regulations formulated by FDA against synthetic or petrochemical-based films, which have hazardous impacts on the human health & environment. For instance, the U.S. FDA has formulated directives, due to which PLA and cellulose films demand has grown substantially in food wrapping applications.
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Key Profiles:
• Braskem
• Taghleef
• BASF
• Innovia Films
• Plastic Union
• Evonik
• Avery Dennison
• Klöckner Pentaplast
• Mondi Group
• Industria Termoplastica Pavese
• Toray Industries
• BioBag International
• NatureWorks
• Amcor
Growing product applicability across medical applications owing to its biocompatibility is another major industry growth prospect. The product is employed in medical applications involving wound management, space filling implants, controlled drug release, etc.
Robust growth in the healthcare sector along with technological advancements, in the medical equipment industry will predominantly boost the overall biopolymer films products. Moreover, non-toxicity and biocompatibility of these products have made them a potential substitute for the conventional plastic films, thereby driving the biopolymer films market by 2025.
Based on volume, multilayer technology segment will capture over 50% of the biopolymer films market share. It is a commonly used technique in films market for coating the materials, it offers multilayer films in the final products which enhances the water vapor barrier and salability properties.
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With over 25% of the industry share polylactic acid (PLA) film will foresee growth at a significant pace due to its huge acceptance in packaging and food industry as, disposable tableware, compost bags, and loose-fill packaging.
Biopolymer Films Market By Product
• PLA films
• PHB films
• PHA films
• PVA films
• Polyamide films
• Mulch films
• PBAT films
• Others
The product is a bioactive and biodegradable aliphatic thermoplastic polyester which is obtained from renewable resources and possess compostable, biodegradable and thermoplastic properties.
Food & beverages end-use segment will capture a significant share of over 40% of the global biopolymer films market in 2025. The home & personal care segment revenue will capture a market share of over 13% by the end of forecast spell and will grow with a CAGR of over 7% during the forecast timeframe. Rising applicability of biopolymer films in personal care products will foster growth. For example, cellophane is widely used for hair treatment and hair care products.
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North America driven by the U.S. will exhibit growth with a CAGR of over 6%. The regional industry share was mainly attributed to prevalence of strict norms favoring bio-based products for food packaging applications and robust packaged food industry in the U.S. market.
Moreover, huge R&D expenditure in U.S. will augment the market growth by 2025. In addition, Asia Pacific, mainly led by India and China, will be the fastest growing region during the coming years.
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