Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1.91 Billion | USD 2.21 Billion | 5.95% | 2021 |
FrequentlyAsked Questions
The global plastic films market is projected to grow due to increasing demand for safe packaging in the food & beverages industry. Effective and efficient food packaging solutions and options play a major role in the development of the current food sector as very limited food items are currently being sold unpacked.
According to study, the global protein films market size was worth around USD 1.91 billion in 2021 and is predicted to grow to around USD 2.21 billion by 2028 with a compound annual growth rate (CAGR) of roughly 5.95% between 2022 and 2028.
The global protein film market is anticipated to witness the highest growth in Asia-Pacific due to the increasing consumer awareness about the consumption of healthy food and changing consumer patterns. The growing F & B sector of countries like China, India, Singapore, Japan, and others are projected to become heavy contributors toward regional growth which may be further propelled by the rise in investment in R & D in the food sector.
The global protein films market is dominated by players like Monosol, Watson, Cargill, Proliant, Davisco, and Tate & Lyle amongst others.
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