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, GCC), Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024

Published Date: February 2017 | 160 Pages | Report ID: GMI205 Report Format: PDF

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Industry Trends

Biopolymer Films Market size was valued at over USD 3 billion in 2015 and will witness gains close to 7% CAGR by 2024.

U.S biopolymer films market size, by end-user, 2013-2024 (USD Million)
U.S biopolymer films market size, by end-user, 2013-2024 (USD Million)

Positive growth indicators in the food & beverage industry along with increasing food packaging demand for prolonged preservation has substantially driven the overall biopolymer films market size over the past few years. The overall food & beverage business in 2005 was roughly around USD 8 trillion and reached approximately USD 15 trillion in 2015. This inclination was particularly driven by growing population along with increasing restaurant & food joints visits of middle class population in Asia Pacific and Latin America, on account of increasing consumer spending power in these regions.

Besides various advantages offered by the product. High product cost in comparison with synthetic and semi-synthetic films is one of the major pitfall faced by the biopolymer films market share contributors. In addition, relatively low vapor barrier and mechanical properties of the product may hamper industry growth in the coming years. However, technological advancements such as multilayer films and atomic layer deposition has introduced products with promising characteristics. The aforementioned trends along with increasing consumer awareness towards bio-based product usage and government support towards bio-based product usage will create new industry growth prospects over the projected timeframe.

Biopolymer Films Market, By Raw Material

Bio-based is forecast to witness prominent gains close to 6% CAGR between 2016 and 2024. Abundant availability of these raw material such as cellulose, starch, pectin, chitosan, and protein will boost the global market share over the estimated timeframe. However, low product traits in comparison with synthetic and microbial synthesized based films may hamper the overall business size by 2024.

Microbial synthesized biopolymer films will experience promising gains by 2024. Major raw material used in the segment includes polyhydroxyalkanoates (PHA) and polyhydroxybutyrate (PHB). Superior barrier and mechanical properties offered by these raw materials based films was the major factor propelling industry growth for this segment. Microbial synthesized are obtained generally from by structural, intracellular and extracellular microorganism synthesis.

Biopolymer Films Market, By Technology

The global biopolymer films industry share by multilayer films led the overall industry size and accounted approximately half of the overall volume share in 2015. Single layer films are not suitable for applications across personal care, food and medical, mainly due to its low barrier, seal ability and weak moisture resistance properties. Therefore, multilayer films are widely preferred in the industry owing to its ability to serve commercial applications in dry snacks, nuts, spices and dried fruits packaging.

The global biopolymer films market size by atomic layer deposition (ALD) shall observe growth close to 5.5% between 2015 and 2024. This technology involves layer on layer deposition process by self emitting gas and solid reactions. This technology is widely used in PLA and PHB films to enhance their water vapor barrier and antimicrobial characteristics.

Biopolymer Films Market, By Product

PLA biopolymer films accounted for roughly around 25% of the global industry share in 2015. The product finds widespread applications in agriculture and food packaging industries. Strong growth indicators in these industries will subsequently boost the overall industry size in the near future. However, critical points related with the product such as low thermal resistance and low impact resistance may hinder the business growth by 2024.

The global PHB biopolymer films market share is likely to witness growth more than 5% between 2016 and 2024. PHB offers advantages equivalent to conventional petrochemical based films and is completely biodegradable. It possesses decent physical properties as compared to polypropylene (PP) for food packaging applications. In addition, it is entirely nontoxic. Favoring government regulations for non-hazardous food packaging materials will positively influence the overall business size by 2024.

Biopolymer Films Market, By End-user

The global biopolymer films market share for food packaging led the overall industry in 2015 and accounted for more than 35% of the industry share in 2015. Increasing demand for bio-based food packaging materials in the recent years particularly due to stringent legislations laid by EPA and FDA along with increasing consumer awareness regarding biodegradable product usage will stimulate industry size in the near future.

The global  market size for agricultural applications is likely to observe gains more than 5% CAGR by 2024. These films are generally used for mulching, irrigation purposes and greenhouse components. In addition, these films in the recent years are used as a synthetic plastic and glass substitute in agriculture applications in order to reduce adverse environmental impacts. In addition, these are also used for cultivation of soft fruits and vegetables.

Biopolymer Films Market, By Region

North America, mainly led by the U.S. biopolymer films market size was more than USD 800 million in 2015. The regional growth is mainly attributed to robust product demand for food packaging application. The U.S. is one of the major package food industry share contributor. Thus, the region holds enormous product demand. Furthermore, prevalence of strict norms formulated by FDA in the U.S. for food packaging applications will substantially boost the regional industry size by 2024.

Asia Pacific is forecast to observe maximum gains between 2016 and 2024. The region is likely to led the overall market share by 2024, particularly due to increasing product demand for food packaging and medical applications. Increasing consumer spending pattern towards food, beverage and cosmetics will further complement regional growth over the estimated timeframe.

Competitive Market Share

The global biopolymer films industry share was highly fragmented with the presence of various small, medium and large scale product manufacturers. Some of the important industry share contributor includes BASF, Braskem, Evonik, Avery Dennison, Mondi Group, Plastic Union, Toray Industries, Taghleef, NatureWorks, Amcor, Innovia Films, Industria Termoplastica Pavese, BioBag International, and Klöckner Pentaplast.

Industry players rely on extensive R&D to enhance the product portfolio based on the end-user demand. Also, abundancy of raw materials for product manufacturing tends to encourage new market entrants. Strategic and commercial partnerships for technology advancements, product development, and strengthening the market hold characterizes the global biopolymer films market competitive landscape.

Biopolymer Films Industry Background

Biopolymer films are produced from bio derived products and are thus biodegradable. Increasing consumer awareness along with government support towards environment friendly product use is one amongst the major factor propelling the biopolymer films market size. Moreover, strong growth indicators in the end-user industries such as home & personal care, medical and food on account of increasing consumer spending power has positively influenced the global industry share in the recent years. these films are widely used in these industries on account of low value added properties such as negligible toxicity and bio combability. However, high product prices in comparison with existing counterparts may hamper the industry share over the estimated timeframe. Europe accounted for the maximum share in 2015, particularly due to prevalence of stringent government regulations for bio-based food and cosmetic packaging material.

What Information does this report contain?

Historical data coverage: 2013 to 2015; Growth Projections: 2016 to 2024.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

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