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Biopolymer Films Market Size - Global Industry, Share, Analysis, Trends and Forecast 2022 - 2030

Published : Nov 2022

Report ID: ARC1131

Pages : 250

Format : Biopolymer Films Market Size - Global Industry, Share, Analysis, Trends and Forecast 2022 - 2030

The Global Biopolymer Films Market Size accounted for USD 6.3 Billion in 2021 and is projected to occupy a market size of USD 12.8 Billion by 2030 growing at a CAGR of 8.3% from 2022 to 2030.

Biopolymer films market is for the most part determined by thriving food and beverage industry particularly in developed countries including the U.S. alongside raising food packaging demand for expanded safeguarding has generously moved the general biopolymer films market estimate over the coming years.

Europe biopolymer films market share generated over 27% shares in 2021

Biopolymer Films Market Report Statistics

  • Global biopolymer films market revenue is estimated to reach USD 12.8 Billion by 2030 with a CAGR of 8.3% from 2022 to 2030
  • Europe biopolymer films market share generated over 27% shares in 2021
  • Asia-Pacific biopolymer films market growth will record substantial CAGR of over 8.5% from 2022 to 2030
  • Based on raw materials, PLA Films captured around 42% of the overall market share in 2021
  • Among technologies, multilayer generated shares of over 47% in 2021
  • Rapid growth in food & packaging industry in emerging countries is a popular biopolymer films market trend that is fueling the industry demand

Asia-Pacific biopolymer films market growth will record substantial CAGR of over 8.5% from 2022 to 2030

Global Biopolymer Films Market Dynamics

Market Drivers

  • Rising demand in packaging sector
  • Increasing application of synthetic-based films
  • Soaring demand in pharmaceutical applications

Market Restraints

  • High cost of the films
  • Relatively low mechanical properties

Market Opportunities

  • Mounting uptake in medical, pharma, and automotive industry 
  • Technological advancements in multilayer films and ALD

Biopolymer Films Market Report Coverage

Market Biopolymer Films Market
Biopolymer Films Market Size 2021 USD 6.3 Billion
Biopolymer Films Market Forecast 2030 USD 12.8 Billion
Biopolymer Films Market CAGR During 2022 - 2030 8.3%
Biopolymer Films Market Analysis Period 2018 - 2030
Biopolymer Films Market Base Year 2021
Biopolymer Films Market Forecast Data 2022 - 2030
Segments Covered By Raw Materials, By Technology, By Product, By End-User, And By Geography
Regional Scope North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Key Companies Profiled Amcor, Braskem, NatureWorks, Taghleef, BioBag International, BASF, Toray Industries, Innovia Films, Industria Termoplastica Pavese, Plastic Union, Mondi Group, Evonik, KlöcknerPentaplast, and Avery Dennisonare.
Report Coverage
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis

Biopolymer Films Market Growth Factors

The whole biopolymer films market estimate is significantly determined by expanding demand for eco-accommodating packaging among buyers. This has asked plastic manufacturers and packaging sellers to move their concentration toward biopolymer packaging and actualize systems for its marking and client securing in coming years. This move towards natural packaging of premium food things, medicines, and other buyer merchandise will move the general biopolymer films market development. Moreover, foundation of consumable biopolymer films in the sustenance market will supplement the overall business share over the assessed time span.

Biopolymer Films Market Insights

Stringent controls contradicted to the utilization of manufactured or petrochemical-put together movies in sustenance packaging with respect to record of its antagonistic impacts if there should be an occurrence of direct food contact, will in the long run support product demand in food and beverages packaging industry. This is turn will decidedly impact the worldwide biopolymer films piece of the pie over the evaluated period. The product offers included advantages, for example, biocompatibility, eco-accommodating qualities and simple crude material accessibility. A portion of the essential difficulties of the worldwide biopolymer films market is their generally staggering expense of bioplastics materials as contrasted and Petro-plastics, just as issues of value/consistency and thickness may hamper the general business development sooner rather than later.

Biopolymer Films Market Growth 2022 - 2030

Biopolymer Films Market Segmentation

The global biopolymer films market is segmented based on raw materials, technology, product, end-user, and geography.

Biopolymer Films Market By Raw Materials

  • Bio-Based
  • Microbial Synthesized
  • Synthetic
  • Partially Bio-Based

Based on raw materials, PLA Films captured around 42% of the overall market share in 2021

According to our biopolymer films industry analysis, the bio-based raw materials sub-segment achieved maximum market share in 2021. In addition to that, bio-based raw materials are also expected to show the same supremacy during the projected timeframe from 2022 to 2030. This dominance in the segment is credited to the increasing use of organic packaging products across food & beverage and pharma industries.

Biopolymer Films Market By Technology

  • Sol-Gel
  • Atomic Layer Deposition (ALD)
  • Multilayer

Among technologies, multilayer generated shares of over 47% in 2021

According to our biopolymer films market forecast, multilayer sub-segment generated utmost shares in 2021 and is likely to do so in the coming years. This technology is widely used for coating various materials because it provides multilayer films to the final product, improving the water vapor barrier and ensuring product stability. However, atomic layer deposition (ALD) is anticipated to witness a substantial growth rate in the forthcoming years.

Biopolymer Films Market By Product

  • PLA Films
  • PHB Films
  • PHA Films
  • PVA Films
  • Polyamide Films
  • Mulch Films
  • PBAT Films
  • Others

Based on product, PLA films would register a noteworthy CAGR throughout the forecast period from 2022 to 2030. PLA is biodegradable aliphatic thermoplastic polyester derived primarily from renewable resources, with compostable and thermoplastic properties.

Biopolymer Films Market By End-User

  • Food & Beverage
  • Home & Personal Care
  • Medical & Pharmaceutical
  • Agriculture
  • Others

By end-user, food & beverage sub-segment is showcasing rapid growth over the years. Biopolymer films serve several functions, including texture modifier, oxygen barrier, and moisture barrier. This film also serves as a carrier for antimicrobials and antioxidants. During the forecast period, the growing food and beverage industry, particularly in emerging economies, will have a beneficial impact on the biopolymer films market revenue.

Biopolymer Films Market Regional Outlook

North America

  • U.S.
  • Canada

Europe

  • U.K.
  • Germany
  • France
  • Spain
  • Rest of Europe

Asia-Pacific

  • India
  • Japan
  • China
  • Australia
  • South Korea
  • Rest of Asia-Pacific

Latin America

  • Brazil
  • Mexico
  • Rest of Latin America

The Middle East & Africa

  • South Africa
  • GCC Countries
  • Rest of the Middle East & Africa (ME&A)

Biopolymer Films Market Regional Analysis

North America driven by the U.S. biopolymer films market estimated more than USD 1 billion in 2018. The region development is primarily credited to hearty product demand for food packaging application. Asia-Pacific area is a key supporter and is forecast to watch most extreme gains somewhere in the range of 2022 and 2030. The region will observer huge development openings especially because of expanding product demand for food and restorative applications. Expanding purchaser spending design towards food, refreshment and beauty care products will additionally supplement territorial development over the evaluated time period.

Biopolymer Films Market Players

Some of the global biopolymer films companies included in the report are Amcor, Braskem, NatureWorks, Taghleef, BioBag International, BASF, Toray Industries, Innovia Films, Industria Termoplastica Pavese, Plastic Union, Mondi Group, Evonik, KlöcknerPentaplast, and Avery Dennisonare.

Biopolymer Films Market Regional Analysis

Frequently Asked Questions

What is the size of global biopolymer films market in 2021?

The market size of biopolymer films market in 2021 was accounted to be USD 6.3 Billion.

What is the CAGR of global biopolymer films market during forecast period of 2022 to 2030?

The projected CAGR of biopolymer films market during the analysis period of 2022 to 2030 is 8.3%.

Which are the key players operating in the market?

The prominent players of the global biopolymer films payments transaction market include Amcor, Braskem, NatureWorks, Taghleef, BioBag International, BASF, Toray Industries, Innovia Films, Industria Termoplastica Pavese, Plastic Union, Mondi Group, Evonik, KlöcknerPentaplast, and Avery Dennisonare.

Which region held the dominating position in the global biopolymer films market?

North America held the dominating biopolymer films during the analysis period of 2022 to 2030.

Which region registered the fastest growing CAGR for the forecast period of 2022 to 2030?

Asia-Pacific region exhibited fastest growing CAGR for biopolymer films during the analysis period of 2022 to 2030.

What are the current trends and dynamics in the global biopolymer films market?

Rising demand in packaging sector, increasing application of synthetic-based films, and soaring demand in pharmaceutical applications drives the growth of global biopolymer films market.

Which raw materials held the maximum share in 2021?

Based on raw materials, PLA films segment is expected to hold the maximum share biopolymer films market.?

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