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.