Press release
Biopolymer Coating Market Estimated to Expand at a Robust CAGR over 2025
The biopolymers possess considerable advantages over traditional oil based coating resins. The demand for biopolymer coating is expected to witness significant growth in the near future as most of the coating end users prefer choosing sustainable products with no hazardous emissions into the environment. The demand for lightweight coating materials has also increased, so as to limit the transportation costs and reduce waste material, creating positive impact on global biopolymer coating market. Several organizations have started using biopolymer coating as a tool to enhance their brand image among customers to attract them by projecting themselves as eco-friendly organizations.
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However, the biopolymer coating is not suitable for liquid packaging, which is a major restraint for the market growth coupled with price competitiveness with conventional petrochemical resins. The high cost of biopolymers can be reduced through wide scale production and using fillers that are abundantly available in the nature, such as starch. However, the manufacturing process of starch is a time consuming process. It is expected that new innovations in the market targeting improved usability and operational efficiency will help manufacturers to overcome the barriers, and biopolymer coating will continue to witness widespread adoption across the globe over the forecast period.
Biopolymer Coating Market: Region Wise Outlook
As of 2015, Europe and North America regions are expected to witness substantial growth in the global biopolymer coating market owing to the favourable government frameworks and consumer awareness regarding the environmental benefits of using biopolymer coating. The APAC region, led by China, will also register significant growth owing to the increase in per capita expenditure in consumable products and automotive sector. Latin America and Eastern Europe are also projected to expand with a significant CAGR over the forecast period.
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Examples of some of the market participants in the global biopolymer coating market identified across the value chain include: AkzoNobel N.V., Archer Daniels Midland (ADM), BASF SE, Cargill, Inc., Corbion, DuPont, EcoSynthetix, NatureWorks LLC, Novamont S.p.A, Roquette Group, Safepack Industries Ltd., WestRock Company.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, technology and applications.
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