Growth Projected for Biopolymer Coatings Market
LONDON — According to a new study by Brandessence Market Research and Consulting, the market for biopolymer coatings was valued at $955.5 million in 2018 and is projected to reach around $1446.3 million by 2025, achieving a compound annual growth rate (CAGR) of 6.1% during the forecast period. The base year considered for the study is 2018, and the forecast period is 2019-2025. Rising environmental concerns among people are major drivers for the growth of biopolymer coatings.
Biopolymers are polymeric biomolecules, used for making adhesives and coating. They are naturally renewable and can be used as block coatings on paper packaging materials. The biopolymers coating stops unwanted moisture transfer in food products. These coatings are good oxygen and oil barriers, are biodegradable, and are capable of replacing present synthetic paper and paperboard coatings. They are made by the combination of antimicrobial agents in coatings to produce the active paper packaging material, which is an attractive option for protecting food from microorganism development and spread.
According to the study, Biopolymer Coatings Market Revenue (USD Million) Analysis by Regional and Global, 2019-2025, Asia-Pacific is expected to arise as a major contributor to the global biopolymers market in the forecast period. This is due to rising factors such as population, disposable income, and increasing demand for food-packaging products in countries such as India and China.
Increasing environmental concerns regarding the pollution produced from certain synthetic packaging and coatings and the demand from consumers for coatings that offer higher quality and longer shelf life are driving the biopolymer coatings market. In addition, the increasing demand for cost-effective and environment-friendly materials for packaging is also expected to fuel market growth within the forecast period. Also, the increased growth in the packaging industry and acceptance of biopolymer coatings by manufacturers are also increasing demand.
For more information about the report, visit https://brandessenceresearch.com/chemical-materials/biopolymer-coatings-market.