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Biopolymer Coatings Market Major Players are Cargill, BASF, AkzoNobel, NatureWorks, Novamont, Roquette, DuPont, Archer Daniels Midland Company, Corbion, Safepack Industries Ltd., Mitsubishi Chemical, EcoSynthetix Inc., WestRock Company

Biopolymer Coatings Market

Biopolymer Coatings Market

Subject to the hazardous effects of synthetic coatings of late, biopolymer coatings market has been gaining renewed traction. Shifting focus toward the consumption of packaged food is expected to fulfill demand for this product over the next few years. Regulatory bodies across various parts of the globe have been enforcing stringent norms to promote the adoption of renewable and cost-effective products. Such initiatives are expected to significantly propel biopolymer coatings industry size. As per the report by Global Market Insights, Inc., “Biopolymer Coatings Market having had a revenue of USD 750 million in 2015, will record an annual growth rate of more than 6% over the period of 2016 to 2024.”

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Growth Drivers:
1. Strong application scope in paper packaging
2. Replacement potential for synthetic polymers

Europe biopolymer coatings industry will generate a significant revenue with a CAGR of more than 6% over the coming seven years. Surging usage of the product in the food & beverage sector owing to the deployment of supportive rules and regulations will drive the regional growth. Germany, UK, and France are forecast to be the major contributors of Europe biopolymer coatings market.

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PLA based biopolymers are extensively used in the food & beverage sector for vegetables, water, fruits, nuts, beverages, and alcohol packaging, pertaining to which PLA based biopolymer coatings market will collect a revenue of more than USD 50 million by 2024.

Considering that the globe has been facing the environmental issues of landfill and degradation, consumers have been changing their focus from plastic to paper, mainly across the APAC belt. Asia Pacific accounted for more than 45% of the share in global paper production industry. The increasing usage of paper across the food & beverage sector will positively impact the packaging sector, which in turn will favor biopolymer coatings industry share. Bio PU based coatings are easily available, less harmful to the environment, biodegradable, and less expensive, subject to which bio PU based biopolymer coatings industry will register an annual growth rate of more than 6% over the period of 2016 to 2024. The growth can also be attributed to the escalating use of the product for automotive, furniture, textile, and architectural applications.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com

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