Title: Biopolymer Films Market - Industry Analysis, Growth, Trends and Forecast 2016 - 2024
1Biopolymer Films Market to grow at over 7 CAGR
from 2016 to 2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
2Key Insights from Biopolymer Films Market
- The industry is also positively influence by
drifting consumer focus for food packaging films
derived from bio-based sources such as
polysaccharides (starch, cellulose) and proteins
(soy, whey gelatin). - Growing product applications across medical
applications owing to its biocompatibility is
another major industry growth prospect. The
product is used in medical applications such as
controlled drug release, space filling implants
and wound management. - Robust growth in the medical field along with
technological advancements, which have created
widespread product applications in the medical
industry will subsequently boost the overall
biopolymer market size by 2024.
3 Continued...
- In addition, stringent legislations against use
of synthetic and semi-synthetic films in food
packaging on account of its adverse effects in
case of direct food contact, will ultimately
favor product demand in food packaging
applications. - However, relatively high product cost in
comparison with prevailing counterparts such as
semi-synthetic and synthetic films may hamper the
overall industry growth in the near future. - Biopolymers films market share by multilayer
technology held the maximum industry share in
2015. the technology helps in enhancing the
product characteristics such as moisture barrier,
which makes the product desirable across numerous
applications including food beverage, cosmetics
and pharmaceutical packaging.
4U.S biopolymer films market size, by end-user,
2013-2024 (USD Million)
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6360 Analysis
- Product Analysis
- The product finds widespread applications in
agriculture and food packaging industries. Strong
growth indicators in these industries will
subsequently boost the overall industry size in
the near future. - Regional Analysis
- North America, mainly led by the U.S. biopolymer
films market size was more than USD 800 million
in 2015. The regional growth is mainly attributed
to robust product demand for food packaging
application. - Competitive Market Share
- Some of the important industry share contributor
includes BASF, Braskem, Evonik, Avery Dennison,
Mondi Group, Plastic Union, Toray Industries,
Taghleef, NatureWorks, Amcor, Innovia Films,
Industria Termoplastica Pavese, BioBag
International, and Klöckner Pentaplast.
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