Precedence Research recently published a report titled “Biopolymer Coatings Market – Global Industry Analysis, Trends, Regional Outlook, and Forecast 2021 – 2030”
The global biopolymer coatings market size is projected to hit USD 1,785 million by 2030 and is anticipated to grow with a healthy CAGR of 5.4% over the forecast period 2021-2030.
The report contains 150+ pages with detailed analysis. The base year for the study has been considered 2021, the historic year 2017 to 2020, the forecast period considered is from 2021 to 2030.
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Biopolymers are the biodegradable polymers that are considered safe in terms of environment. The materials that are used for the manufacturing process of biopolymers can be either synthetic or renewable (agricultural or animal products). Since biopolymer coatings are made from natural ingredients, they are considered as more environment friendly than other synthetic alternatives.
Biopolymer coatings are used as barrier on the packaged materials to protect them from outer environmental condition. These coatings prevent the transfer of unwanted moisture in food products as well as also serve as a good oxygen and oil barrier. Hence, the biopolymer coatings are a better substitute for synthetic paper and paperboard coatings. Further, the incorporation of antimicrobial agents with biopolymer coatings are in order to create active paper packaging materials that offers an effective option for the protection of food items from microorganism infiltration.
Growth Factors
Rising environmental concern as well as growing demand for better quality food products and long shelf life of food items has considerably propelled the global biopolymer coatings market. Their property of being environment friendly and easy decomposable nature has made them a better alternative from conventional packaging types. Further, their reasonable price favors their increasing adoption rate among people.
With the rising awareness for environmental protection and growing penetration of greener coatings research & development activity in biopolymer coatings have also been significantly raised within the recent past. For instance, in December 2020, Kemira, a leading provider of sustainable chemical solutions mostly for the water intensive industries and Danimer Scientific, a global leader in manufacturing & development of biodegradable materials, announced partnership for the development of biodegradable coatings for sustainable paper &board products. Apart from several advancements and research, the global biopolymer coatings market is still at its nascent phase and expected to grow at a rapid pace in the forthcoming years.
According to a report published by Smithers Pira, bioplastics used for packaging cover very small revenue share in the present year among global plastic packaging market. However, the market value for bioplastics expected to be more than double from 2017 to 2022, depicting an average growth rate of 17% per year. This is mainly, because of increasing interest of plastic giants in renewable production and safer environment. In addition, these plastic manufacturing giants are also gaining excellent support from the regional governments in order to reduce pollution weightage in their region.
Market Scope
| Report Highlights | Details |
| Market Size | USD 1,785 million by 2030 |
| Growth Rate | CAGR of 5.4% from 2021 to 2030 |
| Base Year | 2020 |
| Forecast Period | 2021-2030 |
| Segments Covered | Product, Region |
Report Highlights
- North America emerged as front-runner in the global biopolymer coatings market in the year 2020 owing to promising growth of food & packaging industry in the region
- The Asia Pacific witnesses exponential growth during the forecast period because of rapid industrialization
- In 2020, Bio PU coatings hold majority of revenue share in the global biopolymer coatings market attributed to its wide range of application in various industries
- PLA based biopolymer coatings shows rapid growth in the market revenue during upcoming time period due to significant application in food & packaging and general industries
Regional Snapshots
On the basis of geography, North America emerged as the global leader in terms of revenue in the global biopolymer coatings market. This is mainly because of magnificent growth of food & packaging industry in the region particularly in the U.S. Being early adopter of new technologies, North America strongly supports the renewable energy adoption in various sectors. Hence, the aforementioned efforts and government support thrives the market growth of biopolymer coatings in the region.
On the other hand, the Asia Pacific experiences the fastest growth over the forthcoming years owing to rapid urbanization as well as rising level of awareness among people. In addition, the government support in the region is another critical factor that triggers the market growth for biopolymer coatings market.
Competitive Intelligence
The biopolymer coatings market report provides an understanding of the market composition and explains the role of established players and regional contributors. It is essential for the market players to make calculative moves and focus on client acquisition and retention. The detailed company profiles will provide the necessary intelligence to the reader. In order to maintain their share, the market players are focusing on strategies such as cross-border expansion, product differentiation, and so on.
Some of the key players in the global biopolymer coatings market are Cargill, AkzoNobel, Roquette Group, Corbion, EcoSynthetix, BASF, Novamont, NatureWorks LLC, ADM, Danimer Scientific, Safepack Industries, DuPont, WestRock Company, Mitsubishi Chemical Corporation, Solanyl Biopolymers, FMC Corporation, Covestro AG, Evonik Industries, Arkema, DSM and others.
Segments Covered in the Report
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For the purpose of this study, Precedence Research has segmented the global biopolymer coatings Market report on the basis of product, and region:
By Product Outlook
- Bio PA Coatings
- General Industrial
- Automotive
- Exterior
- Construction
- Wire Goods
- Electrical
- Bio PU Coatings
- Deckings
- Textile
- Architectural
- Furniture
- Floorings
- Automotive
- PLA Coatings
- Food & Beverage Packaging
- General Packaging
- Bio PBS Coatings
- General Packaging
- Food & Beverage Packaging
- Cellulose Esters
- Food & Beverages
- Automotive
- Textiles
- Furniture
- Starch Coatings
- Food & Beverage Packaging
- General Packaging
- Pharmacy Bags
- Wax Coatings
- General Packaging
- Edible Coatings
- Food & Beverage Packaging
- Nitrocellulose Coatings
- Flooring
- Decking
- Furniture
- Corn Zein Protein
- Pharmaceutical
- Food & Beverage Packaging
- Soy Protein Coatings
- Food & Beverage Packaging
- General Packaging
By Regional Outlook
North America
- U.S.
- Canada
Europe
- U.K.
- Germany
- France
Asia Pacific
- China
- India
- Japan
- South Korea
Rest of the World
Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.
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