26-Apr-17 Biopolymer Coatings Market size is estimated to surpass US$1.3 bln by 2024, as per Global Market Insights, Inc. Shift in consumer preference towards eco-friendly and cost-effective materials usage in packaging industry should favor biopolymer coatings market size. They are derived alone or in combination from lipid, proteins & polysaccharides. Antioxidants, antimicrobial agents and pigments are added during production process to improve product properties. Starch based biopolymer coatings market segment should register close to 11.5% gains. Strong application scope in general packaging, and pharmacy bags industry should drive product demand.”
High flexibility, low oxygen, water vapor permeability, and rigid mechanical strength are key properties which should boost biopolymer coatings demand. Recyclable and biodegradable products generate less scrap materials and thereby enhance production process. 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.
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. 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. 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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