- 11 July 2019 21:29
Global Biopolymer Films Market By Type, Application, And Region- Global Forecast To 2028
Global Biopolymer Films Market: Introduction
Biopolymer films are biodegradable and compostable materials that have packaging applications. They are manufactured from renewable raw materials such as cellulose, starch, polylactic acid (PLA), chitosan, and proteins. The global Biopolymer Films Market is expected to value at approximately US$ 8 Bn in 2019, and is expected to register a CAGR of 7.5%.
Global Biopolymer Films Market: Dynamics
A major factor driving growth of the global biopolymer films market during the forecast period is increasing demand for biopolymers in food & beverage and agriculture industries. Stringent regulations regarding use of synthetic and semi-synthetic films, coupled with rising initiatives to promote adoption of biopolymer films, especially in food packaging and related applications, is expected to drive growth of the market. Biopolymer films help in protecting food from exposure to the environment, and also to maintain quality of food products. Moreover, negative environmental impact of non-biodegradable films has influenced various governments to launch initiatives to promote the use of biopolymer films for packaging applications.
Biopolymer films are used in agriculture and horticulture, and are known as mulch films. For such applications, they are used to modify soil temperature, limit weed growth, prevent moisture loss, and improve crop yield as well as precocity in order to prevent loss of humus.
Analysis By Segmentation:
The market report has been segmented on the basis of type, application, and region. The type segment includes bio-based, microbial synthesized, synthetic, and partially bio-based. The application segment includes food & beverage, home & personal care, medical & pharmaceutical, agriculture, and others. The regions covered in the analysis includes North America, Europe, Asia Pacific, South America, and Middle East & Africa.
By Type: The bio-based segment accounted for highest revenue share contribution as compared to other type segment, and is expected to register highest CAGR of over 7.5% over the forecast period
By Application: The food & beverage industry segment is projected to account for highest revenue share as compared to other application segments, and register highest CAGR of over 7.6% over the forecast period
By Region: The market in Asia Pacific is expected to register highest CAGR of over 7.9% over the forecast period
Global Biopolymer Films Market: Competitive Analysis
The research report on the global biopolymer films market include profiles of some of major companies such as BioBag International AS, NatureWorks LLC, Organix Solutions, Taghleef Industries L.L.C., BASF SE, Arkema S.A., CJ CheilJedang Corporation, Braskem S.A., Plascon Group, DaniMer Scientific, Novamont S.p.A, Kuraray Co., Ltd. (Plantic Technologies Limited), and Rodenburg Biopolymers
The Global Biopolymer Films Market: Global Industry, Size, Share, Growth, Trends, and Forecast, 2018–2027 report has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the global biopolymer films market for 2017–2027.
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