Biopolymer Coatings Market to witness major growth due to increasing application scope in general packaging, food & beverage packaging, pharmaceutical, automotive and textile industry owing to being environmental friendly products.

Sellbyville, DE -- (SBWire) -- 02/01/2019 --Biopolymer Coatings Market demand is boosted by the key properties of it such as high flexibility, low oxygen, water vapor permeability, and rigid mechanical strength. Recyclable and biodegradable products generate less scrap materials and thereby enhance production process.

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. Biopolymer Coatings Market size is set to exceed USD 1.3 billion by 2024; according to a new research report by Global Market Insights, Inc.

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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.

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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.

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.

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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 Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.