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Biopolymer Coatings Market to amass huge gains by 2024, surging demand from food & beverage packaging sector

Author : Rahul Sankrityayan | Published Date : 2019-03-19 

Biopolymer Coatings Market to witness remarkably growth due to widely used as protective sheaths for packaging industry owing to its high flexibility, low oxidation, mechanical rigidity and water vapor permeability. Biopolymers are extracted from nature, usually biological origin and is biodegradable in nature. These coatings have strong application outlook in automotive, flooring, decking and furniture due to rising consumer awareness towards green packaging, recyclability and sustainability.

Limited reserves for crude, fluctuation in crude price, availability of agricultural or bio waste and rising awareness towards ecological problems should propel product demand. Changing environment regulatory and political condition emphas on reducing carbon emission and plastic usage, this should boost global biopolymer market during forecast period.

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Global paper & cardboard production was estimated to produce over 700 million tons by 2024, biopolymer has extensive use in this industry replacing ethyl vinyl alcohol with strong mechanical & oxygen barrier. These products are also used as gas barrier in food industry extending shelf life & quality enhancement in packaged foods.

Global flexible packaging Market is anticipated to surpass USD 250 billion by 2024, this growth can be attributed to consumer emphasis on using renewable based products in food & beverage industry coupled with higher demand for lightweight products may enhance global biopolymer coatings market.

Key raw material required for manufacturing biopolymer coatings include starch, PLA, soy protein, cellulose and chitosan. PLA is used mostly in food & beverage application due to its high cost and low thermal stability. Fluctuating raw material prices might hinder industry growth, and may impact market price trends.

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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.

Corn zein protein coatings is used in pharmaceutical or nutraceutical industry to coat tablets for better appearance, medications, and ease of swallowing. Presence of non-polar amino acids gives corn zein proteins a hydrophobic feature which provides oxygen barrier properties.

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China soy protein coatings market size should register over 4% gains by 2024. It is also used in food & beverages and general packaging industry due to its resistance to oil and gas and extending product shelf life.

Starch based biopolymer coatings should register close to 11.5% gains. Strong application scope in general packaging, and pharmacy bags industry should drive product demand.

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.

About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

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