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Biopolymer Films Market valuation to soar high from food and beverage application, global industry to be valued over $6.7 billion by 2025

Author : Rahul Sankrityayan | Published Date : 2019-04-11 

Global Market Insights, Inc. has announced the launch of Biopolymer Films Market, a comprehensive study enumerating the latest price trends and pivotal drivers rendering a positive impact on the industry landscape. Further, the report is inclusive of the competitive terrain of this vertical in addition to the market share analysis and the contribution of the prominent contenders toward the overall industry.

The overall biopolymer films market size is majorly driven by increasing demand for eco-friendly packaging among consumers. This has urged plastic manufacturers and packaging vendors to shift their focus toward biopolymer packaging and implement strategies for its branding and customer acquisition in coming years.

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This shift towards organic packaging of premium food items, medicines, and other consumer goods will propel the overall biopolymer films market growth. Furthermore, establishment of edible biopolymer films in the food market will complement the overall industry share over the estimated timeframe.

Stringent regulations opposed to the use of synthetic or petrochemical-based films in food packaging on account of its adverse effects in case of direct food contact, will eventually favor product demand in food & beverage packaging industry. This is turn will positively influence the global biopolymer films market share over the estimated period.

The product offers added benefits such as, biocompatibility, eco-friendly characteristics and easy raw material availability. Some of the crucial challenges of the global biopolymer films market is their relatively high cost of bioplastics materials as compared with Petro-plastics, as well as issues of quality/consistency and density might hamper the overall industry growth in the near future.

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With over 40% of the industry share, bio-based raw material held a prominent share in the overall biopolymers films market in 2017 and it will foresee growth at a significant pace due to its superior properties such as high renewable content, ease of processability, good optical performance, seal ability and barrier properties.

Biopolymers films market share by multilayer technology held the maximum industry share in 2017. This technology facilitates product characteristics such as favorable in terms of CO2 emissions, moisture barrier, which makes the product more convenient across numerous end-use including cosmetics, food & beverage and pharmaceutical packaging.

Based on volume, polylactic acid (PLA) segment will capture over 25% of the biopolymer films market share. The product is a bioactive and biodegradable aliphatic thermoplastic polyester that is obtained from renewable resources and inhibits compostable, biodegradable and thermoplastic properties.

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Food & beverage segment led the global biopolymer films market end-user base in 2017. Escalating packaged food demand, particularly due to increasing per capita income, along with growing number of working population across the globe will boost industry size.

North America driven by the U.S. will exhibit growth with a CAGR of over 6%. The regional industry share was mainly attributed to prevalence of strict norms favoring bio-based products for food packaging applications and robust packaged food industry in the U.S. market.

Major players operating in the market are Braskem, Taghleef, BASF, Innovia Films, Plastic Union, Evonik, Avery Dennison, Klöckner Pentaplast, Mondi Group, Industria Termoplastica Pavese, Toray Industries, BioBag International, NatureWorks and Amcor.

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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