The global Biopolymer Coatings Market is subject to witness a substantial growth due to the numerous benefits over traditional coating such as epoxy, fiberglass, and paints. Growing use of biopolymer coatings in green packaging along with favorable government laws & regulations are expected to boost market expansion over the next seven years. Globally, the market is predicted to generate massive revenue over next seven years, providing numerous opportunities for market players to invest for research and development in the biopolymer coatings market.
Biopolymer coatings are vital for production of various household products, detergents, personal care, and paints & coatings. Increasing adoption of biopolymer coatings in food & beverages industry, building & construction industry and pharmaceuticals as stabilizing agents, thickeners, film formation agent are anticipated to fuel the growth of the market over the forecast period. In addition, biopolymer coatings market offer additional advantages such as high standards of corrosion protection, waterproofing, and chemical & structural enhancement. These factors are expected to drive the growth of the market over the forecast period.
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Furthermore, biopolymer coatings tends to exhibit advanced set of characteristics in spray applications such as higher mechanical, thermal, and chemical resistance, short curing and setting time. Higher durability associated with biopolymer coatings in comparison with its synthetic substitutes is anticipated to foster market growth over the next seven years. The raw materials required to manufacture agro-polymers and biomass. Use of biopolymer coatings offer advantages such as lower toxicity levels, lower cost and higher operational efficiency.
The market is broadly categorized into six major segments based on the application type such as paper packaging industry, food & beverages industry, automotive sector, construction industry, textile sector and healthcare equipment sector. The paper packaging is considered as one of the fastest growing segment in the biopolymer coating market with substantial revenue generation in the last few years.
The market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies in paint & coating sector, favorable governmental laws & regulation, higher awareness level regarding organic coatings & its advantages, increase in the number of research & development activities in the region and existence of well-established infrastructure.
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Asia-Pacific region is predicted to hold major market share in the biopolymer coatings market with massive growth in forecast period. Countries such as India, China, Japan, South Korea, Indonesia and Singapore are leading the Asia-Pacific market with strong economic growth in the region, promotional marketing policies adopted to by leading industry players, and significant investment by leading industry players considering potential growth opportunities in the region. The key players in the biopolymer coatings market are Meredian Holdings Group (MHG), Inc., Algae Biopolymers Co., Cargill, Inc., FMC Co., Solanyl Biopolymers, Inc., and Nature Works LLC
The market is divided into the following segments based on geography:
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Global Biopolymer Coatings Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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