U.S. PLA biopolymer coatings market to witness growth of 13% by 2024 | Cargill, Roquette Group, AkzoNobel, BASF, Novamont, Corbion, and EcoSynthetix
Europe biopolymer coatings market size should witness over 6% gains. Favorable regulatory support in France, UK, and Germany towards naturally-derived products in food & beverage sector should stimulate product demand. The European Commission passed the Horizon Strategy 2020, aiming to promote industrial development of ecofriendly and naturally derived ingredients.
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Germany natural wax based biopolymer coatings market size may witness gains at 3%. It is used as edible coatings for various fruits and vegetables to keep them fresh and healthy for longer period.
Corn zein protein coatings is used in pharmaceutical or nutraceutical industry to coat tablets for better appearance, medications, and ease of swallowing. Presence of non-polar amino acids gives corn zein proteins a hydrophobic feature which provides oxygen barrier properties.
China soy protein coatings market size should register over 4% gains by 2024. It is also used in food & beverages and general packaging industry due to its resistance to oil and gas and extending product shelf life.
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Starch based biopolymer coatings should register close to 11.5% gains. Strong application scope in general packaging, and pharmacy bags industry should drive product demand.
PLA coatings market from food & beverage packaging applications may witness highest gains at close to 13.5%. It is used for applications which include packaging of fruits, vegetables, water, nuts, and soup.
Bio-polyamide coatings market size should witness gains at over 11%. It has applications in construction, automotive, electrical, and general industry. Strict environmental regulations along with rise in focus towards green and recyclable products may stimulate industry growth.
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Bio based PU coatings market from automotive application may register close to 6% growth. It is mainly used for automotive basecoat formulations for vehicles interior applications.
Key raw materials, starch, chitosan, soy protein, polylactic acid, and whey protein are used for production process. These raw materials are used in various applications and may face supply deficits which may impact biopolymer coatings market price trend.
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