The food and beverage segment led demand among end users in the global biopolymer films market in 2017, according to a new report from Global Market Insights (GMI; Selbyville, DE), Global Biopolymer Films Market. Escalating sales of packaged food, particularly because of increasing per-capita income, along with a growing number of working populations across the world will boost demand for biopolymer films. The materials are used in the packaging of fresh food, tetra packs, dry snacks, bakery goods, juice bottles and meat trays along with coatings for beverage cups, films and card stock.
The global biopolymer films market will surpass $6.7 billion by 2025, according to the latest research. Overall market size is primarily driven by increasing demand for eco-friendly packaging among consumers. This has resulted in plastics manufacturers and packaging vendors shifting their focus toward biopolymer packaging and implementing strategies for branding and customer acquisition in the coming years. The shift toward organic packaging of premium food items, medicines and other consumer goods will propel overall market growth. Additionally, the marketing of edible biopolymer films will complement overall industry share over the estimated timeframe.
Stringent regulation of the use of synthetic or petrochemical-based films in food packaging eventually will favor product demand in the food and beverage packaging industry. This, in turn, will positively influence the global biopolymer films market share over this period. Biopolymer films offer added benefits such as biocompatibility, eco-friendly characteristics and easy raw material availability.
Some of the crucial challenges of the global biopolymer films market are the relatively high cost of bioplastic materials compared with conventional plastics, as well as issues of quality/consistency and density.
With over 40% of market share, bio-based raw materials held a prominent place in the overall biopolymers films market in 2017, and they will see growth at a significant pace because of the high renewable content, ease of processability, optical performance, sealability and barrier properties. Growing consumption of biomass such as lipids, proteins and polysaccharides can reduce dependency on non-renewable resources, thereby propelling a sustainable environment.
The biopolymers films market share by multilayer technology held the maximum industry share in 2017. This technology facilitates product characteristics such as reduced CO2 emissions and moisture barrier properties, which make the product more convenient across numerous applications including cosmetics, food and beverage, and pharmaceutical packaging. These films are preferred in packaging for low or dry moisture content products, according to the GMI report.
Based on volume, the polylactic acid (PLA) segment will capture over 25% of the biopolymer films market share during the report's timeframe.
North America will experience more than 6% CAGR, according to the report. The regional industry share is mainly attributed to strict norms favoring bio-based products for food packaging applications and a robust packaged food industry in the U.S. market. Moreover, huge R&D expenditure in the United States will augment market growth by 2025.
Asia Pacific, mainly led by India and China, will be the fastest growing region during the coming years, according to GMI.
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