The report of Global Biopolymer Films Market by Raw Material (Bio-based, Microbial Synthesized, Synthetic, Partially Bio-based) Technology (Sol-gel, Atomic Layer Deposition [ALD], Multilayer) Product (Polylactic acid (PLA) film, Polyhydroxybutyrate (PHB) films, Polyhydroxyalkanoate (PHA) films, Polyvinyl alcohol (PVA) films, Polyamide films, Mulch films, Cellophane, Others) End-user (Food & Beverage, Home & Personal Care, Medical & Pharmaceutical, Agriculture, Others) and Region (Asia Pacific, North America, Europe, Latin America, and Middle East Africa) is expected to reach US$ XX Bn by 2027, at a CAGR of 7.5% during a forecast period.
Biopolymers are produced from naturally sources like starch and plant proteins, and are simply degradable by the action of micro-organisms when exposed to moisture, warmth and microbial actions. The global biopolymer films market is driven by such as robust growth in food & food packaging business, increasing product demand in medical packaging applications, and strict regulations opposite to petrochemical based films. However, relatively high product cost than existing counterparts is projected to hamper the market growth at the global level. Development of new applications and high potential in Southeast Asian nations are expected to create beneficial opportunities in the market over the forecast period. Limited rules related to biopolymer films in developing countries and performance limitations of biopolymers films are the major challenges for the biopolymer films market in the future.
Agricultural segment is expected to grow at the highest XX% CAGR during the forecast period.
In 2019, the food & beverages segment has dominate the biopolymer films market and is estimated to grow at a CAGR of XX% during the forecast period. These films are used to preserve frozen poultry and it is incorporated into gelatin coating to avoid the growth of oxidative rancidity in cut poultry meat before freezing. The agricultural segment is expected to grow at the CAGR of XX% during the forecast period. Biopolymer films are mostly used for irrigation purposes, mulching, and greenhouse components. Recently, these films are being integrated in synthetic plastics and glass substitutes in agriculture applications to decrease the adverse environmental impacts are likely to impel the growth of the market over the forecast period.
The North America dominated the Biopolymer Films market in 2019.
In 2019, North America held the XX% share of the biopolymer films market and is expected to maintain its dominance during the forecast period. Existence of key players, thriving cosmetics industry, along with increasing demand from cosmetic industry for biopolymer films, due to its high barrier property credited to increasing shelf life of the product are expected to propel the growth of the market in the US and Canada. Europe held the second largest market share of XX% in biopolymer films market and is accounted for US$ XX Mn market revenue in 2019. In terms of both value and volume, the Asia Pacific region will grow a significant CAGR of XX% during the forecasted period. The region is projected to remain major growth opportunities mostly due to rising product adoption for emerging medical & pharmaceutical and food & beverage industry.
Key players operating the global biopolymer Films market are BASF SE, Braskem SA, Evonik Industries AG, Avery Dennison Corporation, Mondi Group, Plastic Union NV, Toray Industries Inc, Taghleef Industries, NatureWorks LLC, Amcor Ltd, Innovia Films, Industria Termoplastica Pavese, BioBag International AS, Klöckner Pentaplast, Yield10 Bioscience, Inc., SKYi Composites Private Limited, Sukano AG, Arkema SA, spectra packaging Solution, Novamont SpA, United Biopolymers, SAPTT MCC Biochem Company Ltd, and Bio-On SpA
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Global Biopolymer Films Market. The report encompasses the market by different segments and regions, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics and future opportunities that might exist in the Global Biopolymer Films Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors has been taken into consideration for enhancing market know-how of our clients and at the same time explain Global Biopolymer Films Market positioning of competitors.
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