At 8.99% CAGR, Global Biopolymer Films Market to Surpass US$ 12,065.83 Mn By 2030, Forecast Report By Zion Market Research

Biopolymer Films Market

According to the report published by Zion Market Research, the global Biopolymer Films Market size was valued at USD 6,059.88 Million in 2022 and is predicted to reach USD 12,065.83 Million by the end of 2030. The market is expected to grow with a CAGR of 8.99% during the forecast period. The report analyzes the global Biopolymer Films Market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Biopolymer Films Market industry.

Global Biopolymer Films Market: Overview

Biopolymer films are a continuous matrix that acts as a layer protecting food quality and extending shelf life. They are made of renewable resources and are generally obtained from natural raw materials such as pectin, protein, cellulose, starch, and much more. They are considered to be a good alternative to plastic. The integration of antimicrobial compounds into biopolymer films can help to extend product use life, maintain food product quality, change packaging conditions, and enhance food safety & sensory properties. Biopolymer films are thus widely used in the food industry.

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Global Biopolymer Films Market: Growth Factors

The global biopolymer films market is growing at a faster rate. Factors such as growing demand for eco-friendly packaging from the consumers, growing concerns of environmental pollution caused by plastic, and increase in demand for biopolymer films from the food & beverages industry are majorly contributing to the growth of the global biopolymer films market. Biopolymer films act as a protective barrier for the migration of carbon dioxide, oxygen, moisture, flavors, and aromas from the adjacent foods or between the environment and food. In addition to this, they can also enhance food integrity throughout physical handling and lessen mechanical damage while effective as a vehicle for active compounds such as antioxidants and antimicrobials.

Also, growing awareness among consumers has led to the demand for healthy, nutritive, and safe food packaged in materials with the least negative environmental impacts. All these factors and growing demand for packaged food due to the rise in disposable income and busy lifestyle are propelling the growth of the global market. Furthermore, an increase in research on biopolymers and the development of diverse nanocomposites by adding nanoparticles to polymers may offer noteworthy opportunities for the growth of the global biopolymer films market during the forecast period. However, some of the disadvantages such as poor physiochemical, mechanical, and barrier properties associated with the biopolymer films may hamper the growth of the global biopolymer films market.

The global biopolymer films market is been moderately affected by the pandemic and the effects are also considered to be short-term. The sales and production of biopolymer films are been affected during the pandemic due to strict lockdown and restriction on movement rules enforced by the government of several countries across the world. In addition to this, the demand for biopolymer films also decreased from its end-users as they were enforced to cease all their operations during the outbreak of the Covid-19. However, the growing need and awareness of the safety of packaging will drive the growth of the market in the upcoming years.

Global Biopolymer Films Market: Segmentation

The global biopolymer films market is categorized based on the product, technology, raw material, end-user, and region. Based on the product, the global biopolymer films market is classified into cellophane, polyamide, PHA, PLA, mulch, PVA, and PHB. Based on the technology, the market is bifurcated into multilayer, atomic layer deposition, and sol-gel. The raw material segment is split into partially bio-based, bio-based, synthetic, and microbial synthesized. Based on the end-user, the market is fragmented into agriculture, home & personal care, food & beverage, and medical & pharmaceutical.

Global Biopolymer Films Market: Regional Analysis

In terms of revenue, North America is predicted to account for the largest share in the global biopolymer films market during the forecast period. Factors such as growing demand for packaged food due to the busy lifestyle of the people, increase in demand from the pharmaceutical sector, and growing need for eco-friendly packaging are contributing to the growth of the market in this region. However, Asia Pacific region is estimated to grow at the fastest rate due to growing awareness regarding environmental safety, an increase in government initiatives for the use of biodegradable products, and expanding food & beverages industries. The Europe region is also expected to contribute to a noteworthy share in the growth of the market. This is attributed to growing safety measures in the packaging of products, an increase in R&D activities on biopolymers, and growing concerns about non-degradable waste.

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