Biopolymer Films Market Size By Raw Material (Bio-based, Microbial Synthesized, Synthetic, Partially Bio-based), By Technology (Sol-gel, Atomic Layer Deposition [ALD], Multilayer), By Product (PLA, PHB, PHA, PVA, Polyamide, Mulch, Cellophane), By End-user (Food & Beverage, Home & Personal Care, Medical & Pharmaceutical, Agriculture) Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, Saudi Arabia, UAE) Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 - 2025
Biopolymer Films Market will surpass USD 3 billion by 2025; according to a new research report.
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.
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 revenue, bio-based biopolymer films segment will hold over USD 2.9 billion in 2025 of the overall biopolymer films market. Growth in food & beverage industry along with increasing demand for organic and renewably sourced based packaging products for prolonged preservation has driven the bio-based biopolymer films market. Partially bio-based biopolymer films will account at over USD 1.2 billion by the end of 2025, owing to its rising usage in agriculture sector as mulch films to provide protection solution for soil and crops by maintaining the quality of soil and control weed growth.
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. The atomic layer deposition segment is said to poise over USD 2 billion by 2025. ALD technique is growing with a lucrative growth rate due to its superior features such as its compatibility for inorganic barrier coatings on bio based and synthetic films.
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. 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.
Considering region, Europe will hold the maximum share of around 30% in the biopolymer films market by the end of forecast period. Abundance of raw material coupled with the consistent technological innovations by significant market players in the region such as BASF SE, Evonik Industries will drive the market.
The biopolymer films market competitive landscape includes key players such as Avery Dennison Corporation, Mondi Group, BASF SE, Braskem, Evonik Industries AG, Taghleef Industries.
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 2014 to 2025, for the following segments:
Biopolymer films market by raw material
Bio-based
Microbial synthesized
Synthetic
Partially bio-based
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
The above information is provided on a regional and country basis for the following:
North America
U.S.
Canada
Europe
Germany
UK
France
Spain
Italy
Asia Pacific
China
India
Japan
Australia
Indonesia
Malaysia
Latin America
Brazil
Mexico
Middle East & Africa
South Africa
Saudi Arabia
UAE
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