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Biopolymer Films Market demand is favor by food & beverage packaging industry by 2025

Author : Rahul Sankrityayan | Published Date : 2019-03-25 

Biopolymer Films Market demand 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.

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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.

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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. The product is a bioactive and biodegradable aliphatic thermoplastic polyester which is obtained from renewable resources and possess compostable, biodegradable and thermoplastic properties.

Key Industry Profiles:

  • Braskem
  • Taghleef
  • BASF
  • Innovia Films
  • Plastic Union
  • Evonik
  • Avery Dennison
  • Klöckner Pentaplast
  • Mondi Group
  • Industria Termoplastica Pavese
  • Toray Industries
  • BioBag International
  • NatureWorks
  • Amcor

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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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.

About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

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