Biopolymer film market exceeds US$6.7 billion in 2025
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According to the latest research report released by Global Market Insights, Inc., the biopolymer film market is valued at more than $4.12 billion in 2018, and will achieve a compound annual growth rate of more than 7% by 2025, with a market size of $6.7 billion. The biopolymer film market is mainly driven by the booming of the food and beverage industry. Especially in developed countries such as the United States, as the demand for food packaging continues to increase, the demand for extended storage has greatly promoted the expansion of the entire biopolymer film market. . Biopolymers are naturally derived from organic sources, such as vegetable proteins and starches, and are readily degraded by the action of microorganisms when exposed to moisture and heat. Bio-based plastics and biopolymers are widely used for their ability to replace petroleum-based packaging materials with bio-based films and containers, not only because of a more sustainable and environmentally friendly image, but also with improved technical performance. The biopolymer film market is divided into PLA, PHA, PHB, PVA, polyamide, cellophane and so on. Other parts include poly(hydroxybutyrate-hydroxyvalerate) (PHB / HV) and polycaprolactone (PCL). Among them, the market share of PLA biopolymer film accounts for more than 25% of the industry share in 2018.