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The worldwide biopolymer films market is fragmented according to products , applications , and regions . PLA , PHA , biodegradable starch blends , biodegradable polyesters are various products in the market . PLA had a market demand of over 300 kilotons in 2014 . It is used in food applications which include hot seal overlays , twist wrap , and flow wrap . It exhibits properties , such as elasticity , stiffness , hardness , and impact strength akin to conventional thermoplastics .
Unlike polymers , PLAs can hold or retain creases just like paper and foil . This is a key factor that could stimulate market demand during the forecast period . PLA / Chitosan or PLA / Pectin based biopolymer films are mostly used in antimicrobial ( AM ) packaging . PLA / pectin composites are known to restrict growth of Lactobacillus plantarum , a food pathogen .
Based on applications , the global biopolymer films market is divided into flexible packaging , rigid packaging , automotive , textiles , consumer goods , agriculture & horticulture , and others . Flexible packaging could be the largest application segment in the forthcoming years . It would generate nearly 27 million tons by 2024 , at over 3.8 % CAGR during the forecast period . This segment may generate over USD 106 billion by 2024 , growing at a CAGR above 4.2 % over the next eight years .
Demand for flexible packaging will fuel industry demand for biopolymer films . Flexible packaging offers benefits , such as additional shelf life and preservation . Hence , it could witness high demand from pharmaceuticals and food & beverages .
Biopolymer films used in agriculture & horticulture are known as mulch films . They prevent the loss of humus and provide soils with appropriate amounts of carbon . Environmental concerns along with low labor costs will propel this segment . Innovation in mulch films and substantial government subsidies may result in increased demand .
Regions covered are Europe , Asia Pacific , North America , and Rest of the World ( RoW ). Europe and North America can expand significantly because of consumer awareness and regulations supporting the use of biopolymer films . With a strong market presence , Asia Pacific exhibits high growth potential in the worldwide biopolymer films market .
Key players in the global market are Toyota Tshuho Corporation , NatureWorks , Toray Industries , and Ta gleef Industries . Toray Industries has developed a technology containing plasticizer bleeding . This ensures high stability in the event of external pressures . Such an innovation could lead to greater growth opportunities . Toyota Tshuho produces bio PET ( polyethylene terephthalate ) resins from sugarcane . Products made from this resin are currently replacing conventional PET products .
Browse Related Category Market Report @ https :// www . hexaresearch . com / research-category / organicchemicals-industry
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