Biopolymer Films Market Technology 2022: Business Growth, Trend and Forecast 2028 - PowerPoint PPT Presentation

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

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Biopolymer Films Market size was registered at about USD 4 billion in 2021 and is anticipated to showcase considerable growth at a CAGR of 8.4% from 2022 to 2028 – PowerPoint PPT presentation

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


1
Biopolymer Films Market to at over 8.4 CAGR from
2022 to 2028 Global Market Insights, Inc.
2
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.

3
Continue
  • 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.

4
Continue
  • 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.

5
Continue
  • 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.

6
Browse Full Research Report On Biopolymer Films
Market _at_ https//bit.ly/3JgIrqF Request for a
sample of this research report _at_
https//bit.ly/2VXuowa
7
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