04. Feb 2019
In 2017, packaging continues to account for the lion’s share of biopolymer film consumption, mainly multilayer films for food and beverages.
The food & beverage segment led the global biopolymer films market end-user base in 2017. Escalating packaged food demand, particularly due to increasing per capita income, along with growing number of working populations across the globe will boost industry size. For instance, packaging products from biopolymers films 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 USD 6.7 billion by 2025, according to a new research report by Global Market Insights, Inc. The overall market size is largely driven by increasing consumer demand for eco-friendly packaging. This has led plastic manufacturers and packaging vendors to shift their focus toward biopolymer packaging and implement strategies for its branding and customer acquisition in coming years. This shift towards organic packaging of premium food items, medicines, and other consumer goods will propel the overall market growth. Furthermore, establishment of edible biopolymer films in the food market will complement the overall industry share over the estimated timeframe.
Stringent regulations designed to curtail the use of synthetic or petrochemical-based films in food packaging because of potential food contact issues will eventually boost demand in the food & beverage packaging industry. This, in turn, will positively influence the global biopolymer films market share over the period under review. Biopolymer fims offer advantages such as biocompatibility, eco-friendly characteristics and easy raw material availability. Some of the crucial challenges seen in the global biopolymer films market are the relatively high cost of bioplastics materials as compared with oil-based plastics, as well as issues of quality/consistency and density , which could hinder overall industry growth in the near future.
With over 40 percent of the industry share, bio-based raw material held a prominent share in the overall biopolymers films market in 2017. Growth at a significant pace is expected due to the superior properties shown by these films, including high renewable content, ease of processability, good optical performance, seal ability and barrier properties. Growing consumption of biomass such as lipids, proteins and polysaccharides for product manufacturing can reduce dependency on fossil resources, thereby promoting a sustainable environment.
Based on volume, polylactic acid (PLA) segment will capture over 25 percent of the biopolymer films market share. The product is a bioactive and biodegradable aliphatic thermoplastic polyester that is obtained from renewable resources and inhibits compostable, biodegradable and thermoplastic properties.