Global Biopolymer Films Market 2018-2022
About Biopolymer Films
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.
Technavio’s analysts forecast the global biopolymer films market to grow at a CAGR of 6.65% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global biopolymer films market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Biopolymer Films Market 2018-2022
Technavio recognizes the following companies as the key players in the global biopolymer films market: BASF, BioBag International, NatureWorks, Organix Solutions, and TORAY INDUSTRIES.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is availability of abundant raw material. Biopolymer films are extracted from renewable sources like lignin, pectin, cellulose, starch, and proteins. One of the major raw material for biopolymer films is cellulose and it is sourced from wood pulp and cotton fibers.”
According to the report, one driver in the market is sustainable nature of biopolymer films. Biopolymers films are biodegradable and degrade easily when they are exposed to heat, moisture, and microbial actions. Raw materials such as starch, biomass, and other renewable substances are the main source for biopolymer films.
Further, the report states that one challenge in the market is high product costs. When compared to synthetic or plastic films, biopolymer films are expensive. Despite offering functional advantages over their synthetic counterparts, the high costs associated with biopolymer films limit the growth of the market to a certain extent.
List of abbreviations