Biopolymer Films Market Size, Share and Industry Analysis Report by Raw Material (Bio-based, Microbial Synthesized, Synthetic, Partially Bio-based), Technology (Sol-gel, Atomic Layer Deposition [ALD], Multilayer), Product (PLA, PHB, PHA, PVA, Polyamide, M

Biopolymer Films Market Size, Share and Industry Analysis Report by Raw Material (Bio-based, Microbial Synthesized, Synthetic, Partially Bio-based), Technology (Sol-gel, Atomic Layer Deposition [ALD], Multilayer), Product (PLA, PHB, PHA, PVA, Polyamide, Mulch, Cellophane) and End-user (Food & Beverage, Home & Personal Care, Medical & Pharmaceutical, Agriculture), Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2022 - 2028

The biopolymer films market is poised to witness significant growth through 2028 owing to prevalent product adoption in varied end-use verticals. Additionally, prominent technological advancements in the field are expected to further support industry expansion through the forecast timeline.

Recently, industry players and academicians have been focusing on product development and innovation, which has been favorable for market dynamics. For instance, in July 2021, a research team from the Technion-Israel Institute of Technology developed a revolutionary technology that enables the conversion of food byproducts into energy-conductive biopolymers. These biopolymers are fabricated using recycled food industry byproducts. They have a high degree of conductivity and since they are non-toxic and natural, they are suitable for biomedical and biological applications.

The biopolymer films market has been segmented based on raw materials, technology, product, end-user, and region. In terms of raw materials, the market has been categorized into microbial synthesized, bio-based, partially bio-based, and synthetic.

The partially bio-based sub-segment is anticipated to be valued at more than USD 1.20 billion by the end of 2028, growing at a steady CAGR over the assessment timeframe. Rising usage of biobased films in the agriculture sector is expected to drive the adoption of partially bio-based raw materials in the coming years.

From the technology perspective, the biopolymer films market has been divided into atomic layer deposition (ALD), sol-gel, and multilayer. The sol-gel sub-segment is projected to register a volume share of around 20% by 2028, progressing at a CAGR of nearly 13.5% through the analysis timeline. The extreme durable coating and mechanical features of sol-gel technology are useful in packaging films, which is slated to fuel segmental demand over the following years.

By product, the biopolymer films market has been categorized into PHB, PLA, PVA, PHA, polyamide, cellophane, mulch, and others. The PVA sub-segment is estimated to showcase significant growth at approximately 6% CAGR through the study timespan. Higher consumption of these films in water transfer printing process is likely to propel segmental development in the upcoming years.

On the basis of end-user, the biopolymer films market has been segregated into home & personal care, agriculture, food & beverages, medical & pharmaceutical, and others. The agriculture sub-segment is speculated to exhibit robust growth to accumulate about 14.5% volume share in the market by 2028 on account of rising demand for mulch films in agricultural applications.

On the regional spectrum, the Latin America biopolymer films market is primed to witness considerable expansion to surpass USD 670 million in revenue by 2028. Mounting awareness pertaining to biodegradable plastics, coupled with growing consumption of biopolymer films in the LATAM packaging industry, is set to drive regional market progress in the forthcoming years.