Biopolymer Coatings Market to exceed $1.3 Billion by 2024

02.05.2019

In 2017, Global Market Insights published a new study which looked at the burgeoning growth of the biopolymer coatings market through the year 2024. According to this report, the market is set to exceed USD 1.3 billion by that year. Two years later, the results still hold up.

nDriving this growth is the shift in consumer preferences towards the use of eco-friendly and cost-effective materials in the packaging industry, from which the biopolymer coatings market also benefits. Biopolymers coatings are wholly or partly derived from lipids, proteins & polysaccharides. Antioxidants, antimicrobial agents and pigments are added during production process to improve product properties.

Offering high flexibility, low oxygen, water vapor permeability, and rigid mechanical strength, these are key properties which should boost biopolymer coatings demand. Recyclable and biodegradable products generate less scrap materials and thereby enhance production process.

The market for bio-polyamide coatings, found in applications in construction, automotive, electrical, and general industry are due to witness gains of over 11%. Strict environmental regulations along with rise in focus towards green and recyclable products may stimulate industry growth.

Biobased PU coatings, mainly used in automotive applications, could register growth of close to 6%. These coatings find application as automotive basecoat formulations for vehicles interior applications.

Key raw materials used in the production of biobased polymer coatings include starch, chitosan, soy protein, polylactic acid, and whey protein. These raw materials are used in various applications and may face supply deficits, which could impact the biopolymer coatings market price trend.

At over 13%, the U.S. market for PLA biopolymer coatings is forecast to witness the highest gains. Properties such as biodegradability, odour barriers for foodstuff, resistance to oil-based products, and sealability at lower temperatures should drive product demand. The strong food & beverage manufacturing base and the thriving pharmaceutical industries in the U.S. are beneficial for industry growth.

The European biopolymer coatings market size is predicted to gain some 6% over the coming years. Favourable regulatory support in France, UK, and Germany towards naturally-derived products in the food & beverage sector are likely to stimulate product demand. The European Commission’s Horizon Strategy 2020, aiming to promote the industrial development of ecofriendly and naturally derived ingredients, will also promote this development.

Germany’s natural wax based biopolymer coatings market size is expected to show growth of 3%. These edible coatings are used 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. The presence of non-polar amino acids gives corn zein proteins a hydrophobic feature which provides oxygen barrier properties.

In China , the soy protein coatings market size should register gains of over 4% gains by 2024. These coatings are used in food & beverages and general packaging industry due to their resistance to oil and gas and ability to extend product shelf life.

Starch-based biopolymer coatings are forecast to register gains of close to 11.5%. Their strong application scope in general packaging, and pharmacy bags industry should drive product demand.

The PLA coatings market for food & beverage packaging applications, include the packaging of fruits, vegetables, water, nuts, and soup, may witness the highest gains at close to 13.5%.

The global biopolymer coatings market share is fragmented. Some of the companies operating within this segment include the Meredian Holdings Group, BASF, Cargill, Novamont, NatureWorks, and EcoSynthetix. Other industrial participants include Roquette Group, Corbion, DuPont, ADM, Mitsubishi Chemical, WestRock Company, and AkzoNobel.

https://www.gminsights.com/industry-analysis/biopolymer-coatings-market

 
 
 
 

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