The biopolymer coatings market share is set to foresee commendable expansion over the forthcoming years, owing to the surging demand for antiviral treatments and measures in light of the COVID-19 pandemic.
This has led to the increasing adoption of various synthetic and natural surface materials and coatings having antiviral properties, comprising graphene, polymers and biopolymers, antimicrobial peptides, and their underpinning antiviral mechanisms.
Driven by these factors, the biopolymer coatings market size is anticipated to exceed a remuneration of USD 1.3 billion through 2024, cites the latest study conducted by Global Market Insights Inc.
Request sample copy of this report @ https://www.gminsights.com/request-sample/detail/333
The industry expansion is further being impelled by the rising focus of industry players towards the adoption of strategic moves such as acquisitions, mergers, and partnerships for the development of various bio-based adhesives.
For instance, in August 2021, Thailand’s PTT Global Chemical and U.S. agribusiness Cargill Inc announced its plans of the development of a biopolymer production unit worth $600 million in Thailand. The plant will be constructed through NatureWorks and will help cater to the escalating demand for sustainable materials.
Shifting consumer preference towards cost-effective and eco-friendly packaging materials
The industry is witnessing a shift in consumer preference towards cost-effective and eco-friendly materials in the packaging sector. The products are procured alone or in combination from polysaccharides, proteins, and lipids.
Materials including pigments, antimicrobial agents, and antioxidants are added through the process of production for the improvement of product properties.
Favorable government policies in Europe
Europe is characterized by favorable government support towards naturally-derived products in the food & beverage industry across diverse economies including Germany, UK, and France. Say for instance, the European Commission had introduced the Horizon Strategy 2020 in lieu to promote industrial development of naturally derived and ecofriendly ingredients,
Owing to these aspects, Europe biopolymer coatings market size should record gains of nearly 6% through the forecast period.
Furthermore, the market share from natural wax based products in Germany is expected to register around 3% gains through 2024. The materials are utilized as edible coatings for a range of vegetables and fruits for keeping them healthy and fresh for longer period.
China: a potential hotspot for APAC biopolymer coatings market
In the Asia Pacific region, China soy protein coatings market is expected to register more than 4% gains through 2024. The materials are used in the general packaging industry and the food & beverages sector owing to the extending product shelf life and increasing resistance to oil and gas.
Request for customization @ https://www.gminsights.com/roc/333
Rising demand for corn zein protein and bio-based PU coatings
There is a mounting demand for corn zein protein coatings across the nutraceutical and pharmaceutical sectors for coating tablets for ease of swallowing, medications, and better appearance. The presence of non-polar amino acids gives a hydrophobic feature to corn zein proteins, providing the oxygen barrier properties.
In addition, the industry is witnessing a high demand for bio based PU coatings across the automotive sector. These coatings are mainly utilized for automotive basecoat formulations for the purpose of vehicles’ interior applications. The segment is expected to record around 6% growth rate through 2024.
To sum up, the rising demand for starch based biopolymer coatings in pharmacy bags industry is expected to enhance the product penetration through the ensuing years.
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.
Corporate Sales, USA
Global Market Insights, Inc.
Toll Free: 1-888-689-0688
Email: [email protected]