Biopolymers are the polymers produce from various renewable sources. Biopolymers are environment-friendly as they are produced from animal or plant products. Biopolymers are classified into bioplastics, as it helps reduce carbon emissions in atmosphere. In addition, plasticizers are mixed to these polymers for enhance strength and flexibility. Proteins, lipid, and polysaccharides compounds are raw materials used to produce biopolymers polymers.
The global biopolymer films market is expected to value at approximately US$ 8 Bn in 2019, and is expected to register a CAGR of 7.5%.
Increasing adoption of biopolymer films in medical applications such as for controlled drug release, space filling implants, and wound management owing to biocompatibility is a major factor driving demand for these products
Increasing adoption of bioplastics in the automotive industry owing to increasing focus on fuel efficiency and emissions by reducing vehicle weight is expected to drive growth of the market to a significant extent. Moreover, rising concerns regarding recyclability of vehicle components is expected to support growth of the market
Global Biopolymer Films Market: Market Forecast
The comprehensive research report comprises a complete forecast of the global biopolymer films market based on factors affecting the market and their impact in the foreseeable future. According to the forecast projections, revenue from the global biopolymer films market is expected to expand at a CAGR of 7.5% during the forecast period.
Global Biopolymer Films Market: Segment Snapshot
The market report has been segmented on the basis of type, application, and region. The type segment includes bio-based, microbial synthesized, synthetic, and partially bio-based. The application segment includes food & beverage, home & personal care, medical & pharmaceutical, agriculture, and others. The regions covered in the analysis includes North America, Europe, Asia Pacific, South America, and Middle East & Africa.
By Type: The bio-based segment accounted for highest revenue share contribution as compared to other type segment, and is expected to register highest CAGR of over 7.5% over the forecast period
By Application: The food & beverage industry segment is projected to account for highest revenue share as compared to other application segments, and register highest CAGR of over 7.6% over the forecast period
By Region: The market in Asia Pacific is expected to register highest CAGR of over 7.9% over the forecast period
Global Biopolymer Films Market: Competitive Analysis
The research report on the global biopolymer films market include profiles of some of major companies such as BioBag International AS, NatureWorks LLC, Organix Solutions, Taghleef Industries L.L.C., BASF SE, Arkema S.A., CJ CheilJedang Corporation, Braskem S.A., Plascon Group, DaniMer Scientific, Novamont S.p.A, Kuraray Co., Ltd. (Plantic Technologies Limited), and Rodenburg Biopolymers