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Find what are the factors contributing in Biopolymer Coatings Market growth | Cargill, Roquette Group, AkzoNobel, BASF, Novamont, Corbion, and EcoSynthetix
Biopolymer Coatings Market
Biopolymers are extracted from nature, usually biological origin and is biodegradable in nature. Biopolymer coatings are widely used as protective sheaths for packaging industry owing to its high flexibility, low oxidation, mechanical rigidity and water vapor permeability. These coatings have strong application outlook in automotive, flooring, decking and furniture due to rising consumer awareness towards green packaging, recyclability and sustainability.
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Key Profiles:
• Meredian Holdings Group
• BASF
• Cargill
• Novamont
• NatureWorks
• EcoSynthetix
• Roquette Group
• Corbion
• DuPont
• Archer Daniels Midland
• Mitsubishi Chemical
• WestRock Company
• AkzoNobel
Global paper & cardboard production was estimated to produce over 700 million tons by 2024, biopolymer has extensive use in this industry replacing ethyl vinyl alcohol with strong mechanical & oxygen barrier. These products are also used as gas barrier in food industry extending shelf life & quality enhancement in packaged foods.
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.
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.
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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.
U.S. PLA biopolymer coatings market size should witness highest gains at over 13%. Properties such as biodegradability, odor barriers for foodstuff, resistance to oil-based products, and sealability at lower temperatures should drive product demand. Strong manufacturing base of food & beverage and pharmaceutical industries in the U.S. are beneficial for industry growth.
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.
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.
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