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Biopolymer Coatings Market by Top Manufacturers - 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.
Limited reserves for crude, fluctuation in crude price, availability of agricultural or bio waste and rising awareness towards ecological problems should propel product demand. Changing environment regulatory and political condition emphas on reducing carbon emission and plastic usage, this should boost global biopolymer market during forecast period.
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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.
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.
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.
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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.
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.
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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.
Global biopolymer coatings market share is fragmented. Some of the companies operating includes Meredian Holdings Group, BASF, Cargill, Novamont, NatureWorks, and EcoSynthetix. Other industrial participants include Roquette Group, Corbion, DuPont, ADM, Mitsubishi Chemical, WestRock Company, and AkzoNobel.
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