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Green packaging, one of the hottest fads of the ongoing millennium, has been monumental toward the growth of biopolymer coatings market. With the effects of global warming and energy crisis being publicized on a mammoth scale, consumers are getting increasingly aware of the benefits of sustainability and recyclability, which has resulted in an increase in the demand for green packaging. Favorable government initiatives regarding energy conservation and the adoption of renewable energy sources will also drive biopolymer coating industry over the years ahead.As per a report published by Global Market Insights, Inc., biopolymer coatings market size, in 2015, was worth more than USD 750 million. It is expected to surpass USD 1.3 billion by 2024, with a CAGR projection of more than 6% over 2016-2024.
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Biopolymers coatings are products that can be used all by themselves or in combination with other products. Having derived from lipids, polysaccharides, and proteins, they are essentially used as protective guards for packaging material. The growth of biopolymer coating market can be credited to the product properties such as excellent mechanical strength, low oxygen, water vapor permeability, and high flexibility. With the addition of antioxidants, pigments, or antimicrobial agents, these properties can be further enhanced. This will eventually lead to the product being utilized in the automotive furniture, decking, and flooring sectors, thereby fueling biopolymer coatings industry.
Polylactic acid, one of the key products prevalent in biopolymer coating market, is basically a biodegradable polymer that can be obtained from corn, sugarcane, and other agricultural products. The product is widely used in the food & beverage packaging sector owing to its favorable properties such as odor barrier, oil resistance, and biodegradability. On these grounds, PLA biopolymer coatings industry is anticipated to witness maximum gains of 13% over 2016-2024.
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Food & beverage applications include vegetables, fruits, water, nuts, soup, and alcohol. Subject to the delicate shelf life of these products, PLA is used for their packaging, as it possesses excellent barrier properties and helps extend product shelf life. On these grounds, PLA based biopolymer coatings market size from the food & beverage packaging sector is anticipated to cross USD 50 million by 2024, with a CAGR projection of around 13.5% over 2016-2024.
Pertaining to the highly developed F&B packaging sector in the United States coupled with the rising awareness related to sustainable packaging, U.S. PLA biopolymer coatings industry is anticipated to observe a CAGR of more than 13% over 2016-2024. A strong base of pharma and F&B companies and high demand for sustainable packaging will also drive the regional growth.
Most of the companies partaking in the revenue share of biopolymer coating market concentrate on business expansion and increasing their production capacity. Some of the key participants of this highly fragmented industry include Corbion, Roquette Group, BASF, EcoSynthetix, Novamont, Cargill, and AkzoNobel.
Browse key industry insights spread across 520 pages with 758 market data tables & 37 figures & charts from the report, “Biopolymer Coating Market Size By Product (Bio PU coatings [Architectural, Deckings, Floorings, Furniture, Automotive, Textile], Bio PA Coatings [Automotive, General Industrial, Exterior, Wire Goods, Construction, Electrical], Bio PBS Coatings [General Packaging, Food & Beverage Packaging], PLA Coatings [General Packaging, Food & Beverage Packaging], Starch Coatings [General Packaging, Food & Beverage Packaging, Pharmacy Bags], Cellulose Esters [Automotive, Food & Beverages, Furniture, Textiles], Nitrocellulose Coatings [Decking, Flooring, Furniture], Wax Coatings [Edible Coatings, General Packaging, Food & Beverage Packaging], Soy Protein Coatings [General Packaging, Food & Beverage Packaging], Corn Zein Protein [Pharmaceutical, Food & Beverage Packaging]), Regional Outlook (U.S., Germany, UK, France, Italy, China, India, Japan, Brazil), Price Trend, Competitive Market Share & Forecast, 2016 – 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/biopolymer-coatings-market
Chapter 6 Company Profiles
6.1 Meredian Holdings Group (MHG)
6.1.1 Business Overview
6.1.2 Financial Data
6.1.3 Product Landscape
6.1.4 Strategic Outlook
6.2 Cargill, Inc.
6.2.1 Business Overview
6.2.2 Financial Data
6.2.3 Product Landscape
6.3 BASF SE
6.3.1 Business Overview
6.3.2 Financial Data
6.3.3 Product Landscape
6.3.4 Strategic Outlook
6.4 AkzoNobel N.V.
6.4.1 Business Overview
6.4.2 Financial Data
6.4.3 Product Landscape
6.4.4 Strategic Outlook
6.5 NatureWorks LLC
6.5.1 Business Overview
6.5.2 Financial Data
6.5.3 Product Landscape
6.6 Novamont S.p.A
6.6.1 Business Overview
6.6.2 Financial Data
6.6.3 Product Landscape
6.6.4 Strategic Outlook
6.7 Roquette Group
6.7.1 Business Overview
6.7.2 Financial Data
6.7.3 Product Landscape
6.8 DuPont
6.8.1 Business Overview
6.8.2 Financial Data
6.8.3 Product Landscape
6.9 Archer Daniels Midland (ADM)
6.9.1 Business Overview
6.9.2 Financial Data
6.9.3 Product Landscape
6.10 Corbion
6.10.1 Business Overview
6.10.2 Financial Data
6.10.3 Product Landscape
6.11 Safepack Industries Ltd.
6.11.1 Business Overview
6.11.2 Financial Data
6.11.3 Product Landscape
6.12 Mitsubishi Chemical Corporation
6.12.1 Business Overview
6.12.2 Financial Data
6.12.3 Product Landscape
6.13 EcoSynthetix
6.13.1 Business Overview
6.13.2 Financial Data
6.13.3 Product Landscape
6.14 WestRock Company
6.14.1 Business Overview
6.14.2 Financial Data
6.14.3 Product Landscape
Browse Complete TOC @ https://www.gminsights.com/toc/detail/biopolymer-coatings-market
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.
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