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Biopolymer Coating Market Explores New Growth Opportunities By 2025
The consumable goods are often stored and distributed using packaging materials. However, if the proper disposal of the materials used is not done, it tends to affect the environmental balance. The biopolymer coating market has witnessed robust growth in the recent years, as the trend has shifted towards eco-friendly solutions among end consumers. The strict government regulations have made it mandatory for manufacturers to adopt biopolymer coating. The biopolymer coating has gained acceptance in food packaging sectors, such as naturally derived juice, water and beverages, which require coating solutions with minimal odour emitting properties. Industry verticals such as construction and automotive, which need coating at a large scale have also started to align towards biopolymer coating. The biopolymer coating also offers insulating properties, chemical resistance and fire resistance apart from environmental benefits, which have ensured that users need not compromise in terms of quality, thus, paving a way to achieve sustainable development.
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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.
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.
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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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