Biopolymer Films Market Technology 2022: Business Growth, Trend and Forecast 2028

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Biopolymer Films Market to at over 8.4 CAGR from
2022 to 2028 Global Market Insights, Inc.
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Overview of Biopolymer Films Market

• Driven by their ability to decompose quickly
  without producing any toxic compounds, biopolymer
  films have gained substantial traction in recent
  times. Robust economic growth, rising disposable
  incomes, and constantly changing lifestyles have
  significantly accelerated the culture of packaged
  food.
• Over the years, this has resulted in increasingly
  mounting consumer demand for sustainable and
  renewable alternatives to petroleum-based
  plastics. In addition, escalating product
  integration across various industry verticals,
  including medical and pharmaceuticals, food and
  beverages, agriculture, home and personal care,
  and many more, is likely to strengthen the
  biopolymer films market outlook in the years
  ahead.
• The extensive use of biopolymer-based packaging
  films can be attributed to government regulations
  pertaining to current ecological concerns towards
  minimizing the use of single-use plastics and
  reducing the harmful emissions and carbon
  footprint.

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• They are widely used across the medical and
  pharmaceutical sector for covering, isolation,
  and contact inhibition of patients, along with
  executing contamination-free diagnostic
  procedures in the hospital and clinical settings.
  Furthermore, the rapid expansion of global food
  chains like Subway, McDonald's, Burger King,
  etc., is expected to increase the biopolymer
  films market share in the times to come.
• As per recent research by Global Market Insights
  Inc., the Biopolymer Films Market size is slated
  to exceed USD 7 billion by 2028.
• Polylactic acid, a biodegradable plant-based
  plastic, has been driving significant revenues
  for the last few years, driven by the increased
  product adoption across a broad spectrum of
  applications ranging from clothing to packaging
  to upholstery. 
• In addition, changing consumer buying preference
  toward responsibly produced environmentally
  products and escalating efforts by key industry
  players to harness this growing potential of the
  rapidly expanding customer base could boost the
  biopolymer films market forecast.

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• To cite an instance, in September 2021, LG Chem
  and ADM signed an MoU to examine US-based
  production of polylactic acid and lactic acid to
  meet constantly rising demand for an expansive
  variety of bioplastics and other plant-based
  products. The move will help LG Chem extend its
  abilities to satisfy the growing requirements for
  responsibly-produced products.
• Bio-based materials cater to a proliferating
  global demand for sustainable films having a more
  positive environmental impact than
  petroleum-based films. There has been a
  significant rise in product consumption across
  the food and beverages industry for the prolonged
  preservation of food items.
• Since these films are made of sustainable
  materials, they have streamlined end-of-life
  disposal, which reduces the global dependency on
  fossil fuels and advocates the green and
  sustainable approach to food production.

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• Driven by these benefits, in October 2021, Indian
  scientists invented a non-toxic, environmentally
  friendly, biodegradable polymer using chitosan
  and guar gum. The fabricated bio-based film has
  high mechanical strength, water stability, and
  superior resistance to extreme environmental
  conditions and can be used in several packaging
  applications.
• With the continuously accelerating adoption of
  sustainable films and increasing packaging
  traditions across the globe, industry
  participants are focusing on progressing their
  product offerings with improved characteristics
  and properties.
• With a similar intent, in December 2021,
  Earthfirst Biopolymer Films by PSI came up with
  industrial and home compostable overwrap films,
  which are both high performance and sustainable.
  The product can compost into organic, safe, and
  natural substances and has a positive
  environmental impact.

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