Biopolymer Films Market Share, Size, Analysis, Growth, Trends and Forecasts to 2024 | Hexa Research
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Biopolymer Films Market Share, Size, Analysis, Growth, Trends and Forecasts to 2024 | Hexa Research
" The global biopolymer films market, in terms of volume is expected to exceed 17 million tons by 2022. It had a market demand of 5 million tons in 2013. "
The global biopolymer films market is expected to exceed 17 million tons by 2022. It had a market demand of 5 million tons in 2013. This industry is driven by the preference for renewable materials in an attempt to reduce pollution. Bio-based polymers such as PTMT( polytrimethylene terephthalate), TPS( thermoplastic starch), PLA( polylactic acid), and PHA( polyhydroxyalkonoates) may reap favorable returns over the forecast period( 2016-2024).
Biopolymers are polymers made from renewable sources. These are eco-friendly because they are derived from plant or animal sources. Moreover, they have the potential to reduce carbon emissions in the atmosphere. Demand for biopolymers stems from price competitiveness and regulations favoring commercial composting processes. High costs and supply side constraints could impede market growth. But it can be resolved if chemical companies collaborate with agribusiness companies to produce biopolymers.
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