WASHINGTON, — Vantage Market Research’s recent analysis of the Global Biopolymer Coatings Market finds that rising demand for polymers because of their potential advantages over traditional oil-based coatings and changing end-user preferences toward sustainable products that emit no hazardous emissions into the environment are some major factors augmenting the growth of the Biopolymer Coatings Market in coming years. In addition, the increasing use of Biopolymer Coatings Market by several organizations as a tool to enhance the brand image among customers, as well as the increasing popularity of lightweight coating materials to limit transportation costs are also accelerating the growth of the Biopolymer Coatings Market in recent days.
The Global Biopolymer Coatings Market revenue is expected to reach a value USD 1,440 Billion in the year 2028.
The Global Market revenue stood at a value USD 1,062.4 Billion in the year 2021 and is expected to grow to exhibit a Compound Annual Growth Rate (CAGR) of 5.2% during the forecast period; states Vantage Market Research, in a report, titled “Biopolymer Coatings Market Size, Share & Trends Analysis Report by Product (Bio Polyurethane (PU) Coating, Bio Polyamide (PA) Coatings, Bio Polybutylene Succinate (PBS) Coatings, Cellulose Esters), by End Use Industry (Packaging, Food & Beverages, Automotive, Construction), by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) – Global Industry Assessment (2016 – 2021) & Forecast (2022 – 2028)”.
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Market Dynamics:
Driver:
Increasing Global Awareness of Environmental Pollution
Barrier coatings made from biopolymers can be applied to packing materials to prevent undesirable moisture transfer in food which, in turn, acts as an oil and oxygen barrier. As a result, Biopolymer Coatings Markets have the potential to replace paperboard and synthetic paper coatings. A shift in end-user preferences toward sustainable products to reduce carbon emissions and the growing usage of Biopolymer Coatings Market over traditional oil-based coatings because of their substantial properties are expected to boost the growth of the Biopolymer Coatings Market over projected years.
Biopolymer Coatings Market is an environmentally friendly alternative to petroleum-based coatings. These coatings have a wide range of applications and use while providing the desired biodegradability. In addition, recent technological advancements have resulted in the development of new Biopolymer Coatings Markets in the market with adequate biocompatibility, degradation rate, and physical qualities. With growing concerns about environmental degradation, the use of biodegradable products has increased which, in turn, is expected to support the growth of the market during the projected years. Apart from environmental benefits, the Biopolymer Coatings Market has many other qualities such as insulating qualities, chemical resistance, fire resistance, and some others, which in turn, boost the growth of the Biopolymer Coatings Market in coming years.
Restraint:
Comparatively High Cost
The cost of biopolymers is much higher than the cost of other conventional types of coatings. Thus, the high cost of biopolymers is a hindrance that would stifle the Global Biopolymer Coatings Market’s expansion over the forecast period. However, certain methods can be adopted to decrease the cost of biopolymers. For instance, the high cost of biopolymers can be decreased by using fillers such as starch, which is abundant in nature. But the production of starch is a time-consuming process. New market developments aimed at improving usability and operational efficiency are projected to aid manufacturers in overcoming the hurdles, and Biopolymer Coatings Market will continue to gain traction globally over the undertaken projection period.
Key Insights & Findings from the Report:
- According to our primary respondents’ research, the Biopolymer Coatings market is predicted to grow at a CAGR of roughly 5.2% during the forecast period.
- The Biopolymer Coatings market was estimated to be worth roughly USD 1,062.4 Billion in 2021 and is expected to reach USD 1,440 Billion by 2028; based on primary research.
- On the basis of region, Asia Pacific is projected to dominate the worldwide Biopolymer Coatings market.
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