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The Biopolymer Coatings Market size was estimated at USD 1.18 billion in 2023, USD 1.26 billion in 2024, and is expected to grow at a CAGR of 6.26% to reach USD 1.82 billion by 2030. Speak directly to the analyst to clarify any post sales queries you may have.
The biopolymer coatings are integrated with environment-friendly raw materials compared to synthetic polymers. These biopolymer coatings are derived from renewable biological resources and are used to provide a protective and functional layer to various substrates ranging from food packaging to automotive parts. Increasing demand for environmentally sustainable and eco-friendly materials across packaging industries drives the growth of the biopolymer coatings market. Stringent governmental regulations regarding the use of non-biodegradable plastics that are harmful to the environment are expanding the scope of the biopolymer coatings market.
Rising consumer awareness and preference for green products across the automotive and food & beverage industries is fueling the growth of the market. Higher production costs compared to traditional coatings and certain performance issues with the usage of biopolymer coatings hamper the market growth. The growing development of advanced biopolymers with improved barrier and mechanical properties is expected to create opportunities for market growth. The rising expansion of biopolymer coatings into new applications, such as electronics and construction, is expected to drive the biopolymer coatings market in upcoming years.
Regional Insights
The Americas represents a significant market for biopolymer coatings, with increasing consumer awareness regarding sustainable packaging solutions and a robust food-processing industry driving demand. Stringent environmental regulations coupled with advancements in bio-based materials in South America have contributed to the market growth. Novel patents in the Americas highlight innovations in barrier properties and functionalities of biopolymer coatings. The European Union stands at the forefront of ecological regulations, which has propelled demand for biopolymer coatings across member nations.The EU's Circular Economy Package and commitments to reduce plastic pollution have paved the way for investments in biodegradable and compostable coating solutions. The European consumer base increasingly prioritizes sustainability, influencing purchasing behavior across a range of industries, notably in food packaging, textiles, and automotive. The Middle East and Africa present a promising market for biopolymer coatings with the growing trend towards diversification from oil-based economies with investments in sustainable materials and technologies. The APAC region, which includes rapidly growing economies, including China and India, is expected to show significant demand for biopolymer coatings due to escalating industrial activities and a shift towards sustainable living. An analysis of customer purchasing behavior reveals a robust trend toward eco-conscious decisions spurred on by regulatory pressures and a societal inclination towards environmental preservation.
Market Trends by Segment
- Product: Growing usage of bio polyurethane coatings due to its flexibility and resistance to weathering
- End-User: Rising potential of biopolymer coatings across packaging industry due to the high demand for sustainable packaging solutions
Industry Insights
- Market Dynamics
- Market Disruption Analysis
- Porter’s Five Forces Analysis
- Value Chain & Critical Path Analysis
- Pricing Analysis
- Technology Analysis
- Patent Analysis
- Trade Analysis
- Regulatory Framework Analysis
- FPNV Positioning Matrix
- Market Share Analysis
- Strategy Analysis and Recommendations
Recent Developments
Traceless Materials Secures EUR 36.6 Million in Funding for Industrial-Scale Biopolymer Facility
Traceless Materials, an innovative German bioeconomy startup, raised EUR 36.6 million in a Series A funding round to establish a pioneering industrial-scale facility focused on creating a bio-circular alternative to traditional plastics. Traceless’s fully bio-based material, crafted from agricultural by-products, is designed to seamlessly integrate with existing industry technologies, offering a versatile application in products such as molds, films, coatings, and adhesives. With the investments, the company aims to highlight the material's sustainability credentials, noting its natural compostability and absence of toxins throughout its lifecycle, offering a profound solution to plastic pollution and advancing the industry's evolution towards renewable resources without competing with food supply.Danimer Scientific and Chevron Phillips Chemical Expand Collaboration to Include Application Development for Rinnovo Polymers
Danimer Scientific, Inc., an innovative bioplastics manufacturer specializing in eco-friendly materials, announced the expansion of its strategic partnership with Chevron Phillips Chemical to focus on the development and commercial viability of various biodegradable products made from Rinnovo polymers. This enhanced collaboration builds upon an existing agreement to assess CPChem’s loop slurry reactor technology for continuous manufacturing processes, aiming to integrate Rinnovo into mainstream applications, thus reducing market costs.New Certified Home-Compostable ecovio for Extrusion Coating on Paper and Board of Food Packaging
BASF enhanced its ecovio line-up, introducing a new, fully compostable extrusion coating grade, ecovio 70 PS14H6, designed specifically for paper and board packaging used in food services. This innovative product meets home and industrial composting standards and is food-contact compliant, boasting superior barrier capabilities against moisture, oils, and temperatures from -40 °C to boiling point.Key Company Profiles
The report delves into recent significant developments in the Biopolymer Coatings Market, highlighting leading vendors and their innovative profiles. These include Archer Daniels Midland Company, Arkema SA, Avery Dennison Corporation, BASF SE, BioPolymer GmbH & Co. KG, BIOTEC Biologische Naturverpackungen GmbH & Co. KG, Braskem SA, Cargill, Incorporated, Covestro AG, Danimer Scientific, DuPont de Nemours, Inc., EcoSynthetix Inc., Evonik Industries AG, Exxon Mobil Corporation, ICA SpA, Koninklijke DSM N.V., Mitsubishi Chemical Corporation, NatureWorks LLC, Novamont S.p.A., Plantic Technologies Limited, Rodenburg Biopolymers, SENDA Corporation, Sukano AG, Toray Industries, Inc., and Univar Solutions USA, LLC.This research report offers invaluable insights into various crucial aspects of the Biopolymer Coatings Market:
- Market Penetration: This section thoroughly overviews the current market landscape, incorporating detailed data from key industry players.
- Market Development: The report examines potential growth prospects in emerging markets and assesses expansion opportunities in mature segments.
- Market Diversification: This includes detailed information on recent product launches, untapped geographic regions, recent industry developments, and strategic investments.
- Competitive Assessment & Intelligence: An in-depth analysis of the competitive landscape is conducted, covering market share, strategic approaches, product range, certifications, regulatory approvals, patent analysis, technology developments, and advancements in the manufacturing capabilities of leading market players.
- Product Development & Innovation: This section offers insights into upcoming technologies, research and development efforts, and notable advancements in product innovation.
Additionally, the report addresses key questions to assist stakeholders in making informed decisions:
- What is the current market size and projected growth?
- Which products, segments, applications, and regions offer promising investment opportunities?
- What are the prevailing technology trends and regulatory frameworks?
- What is the market share and positioning of the leading vendors?
- What revenue sources and strategic opportunities do vendors in the market consider when deciding to enter or exit?
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Table of Contents
1. Preface
2. Research Methodology
5. Market Insights
6. Biopolymer Coatings Market, by Product
7. Biopolymer Coatings Market, by End-User
8. Americas Biopolymer Coatings Market
9. Asia-Pacific Biopolymer Coatings Market
10. Europe, Middle East & Africa Biopolymer Coatings Market
11. Competitive Landscape
12. Competitive Portfolio
List of Figures
List of Tables
Companies Mentioned
- Archer Daniels Midland Company
- Arkema SA
- Avery Dennison Corporation
- BASF SE
- BioPolymer GmbH & Co. KG
- BIOTEC Biologische Naturverpackungen GmbH & Co. KG
- Braskem SA
- Cargill, Incorporated
- Covestro AG
- Danimer Scientific
- DuPont de Nemours, Inc.
- EcoSynthetix Inc.
- Evonik Industries AG
- Exxon Mobil Corporation
- ICA SpA
- Koninklijke DSM N.V.
- Mitsubishi Chemical Corporation
- NatureWorks LLC
- Novamont S.p.A.
- Plantic Technologies Limited
- Rodenburg Biopolymers
- SENDA Corporation
- Sukano AG
- Toray Industries, Inc.
- Univar Solutions USA, LLC
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 186 |
| Published | May 2024 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 1.26 Billion |
| Forecasted Market Value ( USD | $ 1.82 Billion |
| Compound Annual Growth Rate | 6.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 25 |
