Biopolymer Films Market Analysis

Biopolymer Films Market Analysis

Based on the bio-based segment, the market was valued at over 1.7 billion in 2021 and is projected to grow at a CAGR of over 8.5% by 2028. Growth in the food & beverage industry along with an increasing demand for organic & renewably sourced packaging products for prolonged preservation has driven the bio-based biopolymer films market in recent years. The abundant availability of bio-based materials including starch, chitosan, protein, and cellulose will likely propel the biopolymer films market value over the forecast spell.
 

The multilayer segment is expected to generate around $3.3 billion in revenues by 2028. The multilayer process is a widely utilized technique in the biopolymer films market for the coating of various materials as it offers multilayer films to the final product, thus enhancing the water vapor barrier and maintaining product stability. This type of film is widely used as a packaging material for low or dry moisture content edible products.
 

The polylactic acid segment will witness a CAGR of 8.9% during the forecast period. PLA is a biodegradable aliphatic thermoplastic polyester that is primarily obtained via renewable resources and highlights compostable & thermoplastic properties. PLA also showcases thermal, mechanical, and barrier properties when compared to the other types of synthetic polymers such as polystyrene and ethylene terephthalate. This type of film is primarily found in applications such as compost bags, disposable tableware, loose-fill packaging, disposable tableware, etc
 

The food & beverage segment will witness a CAGR of over 8.5% through 2028. Biopolymer films are increasingly used to protect frozen poultry and are also incorporated into gelatine coatings to slow down the development of oxidative rancidity in poultry meat before it is sent to freezing. Biopolymer films have various functions, such as texture modifier & oxygen barrier, and act as a moisture barrier. This film also acts as an antimicrobial & antioxidant carrier. The growing food & beverage industry, primarily in the emerging economies, will have a positive impact on the biopolymer films market revenue during the forecast period.
 

The Europe biopolymer films market is expected to reach over USD 1.9 billion by 2028. The UK has consistently been a significant producer of biopolymers in recent years. The abundant availability of raw materials coupled with consistent technological innovations by significant market players in the region, such as Mondi, BASF SE, and Evonik Industries AG, will drive the market. Supportive government norms for safer food packaging, such as EN 13432, EN 14045, and others, will also boost the regional market during the forecast period.