Biopolymer Coatings Market to Cross $1726 million Revenue by 2030

Biopolymer Coatings Market Overview

“The Biopolymer Coatings Market Predictable at $1231.25 million in 2022, is estimated to increase at a CAGR of 5.13% from $1330.56 million in 2023 to $1726 million by 2030.”

The global biopolymer coatings market is advancing due to the increasing demand for nitrocellulose coatings, according to a comprehensive market analysis that includes a detailed examination of major segments, trends, drivers, restraints, and significant market factors.

The biopolymer coatings market uses renewable, biodegradable, and non-toxic ingredients to create coatings for various industrial applications. These coatings protect surfaces from elements, prevent corrosion, and extend durability. Biopolymers like cellulose, chitosan, and starch are used due to their renewability, biodegradability, and low toxicity. The market is influenced by strict regulations on harmful ingredients and the growing demand for environmentally friendly products. Biopolymer coatings are used in food packaging, medical equipment, and electronics.

The biopolymer coatings market uses renewable, biodegradable, and non-toxic ingredients to create coatings for various industrial applications. These coatings protect surfaces from elements, prevent corrosion, and extend durability. Biopolymers like cellulose, chitosan, and starch are used due to their renewability, biodegradability, and low toxicity. The market is influenced by strict regulations on harmful ingredients and the growing demand for environmentally friendly products. Biopolymer coatings are used in food packaging, medical equipment, and electronics.

The biopolymer coatings market is growing due to renewable and biodegradable materials, increasing demand for environmentally friendly packaging, government regulations reducing plastic waste, increasing awareness of health and safety issues with traditional coatings, and technological advancements in manufacturing and processing. These factors contribute to the industry's growth, as biopolymers offer improved properties and lower costs, making them a viable alternative to traditional coatings.

The biopolymer coatings market faces challenges due to high production costs, potential performance and longevity issues, raw material scarcity, and lack of uniform standards and certifications. These factors limit their application and impact supply and pricing, potentially hindering the industry's growth. Despite these challenges, the market for biopolymer coatings remains promising.

The biopolymer coatings industry is experiencing growth opportunities due to the development of innovative formulations, the growing demand for eco-friendly packaging in food and beverage industries, and the development of novel biopolymer production methods like algae and agricultural waste bioplastics. Additionally, the growing interest in closed-loop systems and circular economy models may increase demand for biodegradable and compostable biopolymer coatings.

Biopolymers are renewable, polymeric biomolecules used in adhesives and coatings. They can be used as block coatings on paper packing materials, preventing moisture transfer and providing effective oxygen and oil barriers. These biodegradable coatings can replace synthetic paper and paperboard, and are created by combining antimicrobial chemicals with coatings to create active paper packaging material, making it an attractive option for food protection.

The global biopolymer coatings market is categorized into various types, including biopolyurethane, biopolyamide, and PBS, and is segmented by end-user industries like packaging, food and drinks, automotive, construction, textile, and healthcare equipment. The market is also influenced by geography and product type.

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Market Dynamics

Growth Factors

The global biopolymer coatings market is growing due to increased government support for bio-degradable plastics in packaging and coatings. Danimer Scientific, a leading biodegradable material manufacturer, received a research grant to explore pennycress oil as a feedstock for polyhydroxyalkanoate (PHA), an environmentally friendly alternative to traditional plastics. Additionally, China's anticipated single-use plastic law has prompted manufacturers to increase their biodegradable plastic output.

The demand for biopolymer coatings is on the rise due to global environmental concerns and the use of biodegradable products. The use of biodegradable products and coatings is expected to grow rapidly, leading to increased R&D in the field. Examples include Eagle Beverage and Danimer Scientific collaborating on a biodegradable drinking straw in 2020, and DuPont's agreement with FMC Corporation in 2017 to divest its crop protection business and purchase FMC's Health & Nutrition division, boosting its coatings market.

The bioplastics and biopolymer coatings market is in its early stages, but it has a bright future due to collaboration between governments and plastic manufacturing businesses. This collaboration aims to move towards a more renewable and greener environment, reducing pollution and promoting market expansion in the future.

Key Trends

Increasing demand for soy-based coatings in food packaging will drive industry developments

The biopolymer coatings market from soy protein products is expected to reach USD 740 million by 2032. These coatings offer oil and gas resistance, making them suitable for pharmaceutical bags and food packaging. Soy protein isolate (SPI) is gaining popularity in the food industry due to its low cost and ease of availability. Renewable soy-based films are also gaining popularity due to their superior functionality and environmental benefits.

Bio PU coatings are expected to significantly boost the biopolymer coatings industry by 2032, as they offer low cost, ease of availability, and biodegradability as alternatives to petrochemical-based coatings, and their growing importance will also contribute to market growth.

Sustainable automotive coating advancements will push industry statistics

The biopolymer coatings market for automotive applications is expected to grow by almost 4% by 2030 due to their resistance to light, abrasion, heat, and hydrolysis. Automakers are shifting to sustainable paints and coatings to reduce emissions and carbon impact. The market share of bio PU coatings in architectural coatings is expected to expand significantly by 2032, offering properties like color and gloss retention, non-toxicity, corrosion resistance, and chemical and abrasion resistance.

Competitive Landscape of the Biopolymer Coatings Market

• Cargill
• AkzoNobel
• Roquette Group
• Corbion
• EcoSynthetix
• BASF
• Novamont
• NatureWorks LLC
• ADM
• Danimer Scientific
• Safepack Industries
• DuPont
• WestRock Company
• Mitsubishi Chemical Corporation
• Solanyl Biopolymers
• FMC Corporation
• Covestro AG
• Evonik Industries
• Arkema
• DSM

Recent Developments in the Biopolymer Coatings Market

in June 2021, NatureWorks, a leading manufacturer of low-carbon PLA biopolymers made from renewable resources announced to expand its manufacturing facility by opening a new Ingeo PLA production plant in Thailand by the year 2024.

In June 2021, BASF announced to launch of a compostable and biodegradable polymer called Ecovio EA. This material is designed for the coat of paper and cardboard packaging.

In February 2021, AkzoNobel announced to development of an advanced biopolymer coating technology named as EvCote Water Barrier 3000. It can provide better protection than paper-based packaging.

Regional Insights

The North American biopolymer coatings sector will benefit from thriving paper and paperboard packaging demand

North America's biopolymer coatings market is predicted to reach USD 515.12 million by 2030, driven by the food and beverage sector. This growth is expected to boost demand for paper and paperboard packaging. The growing preference for sustainable packaging and the growing demand for packaged food will provide profitable opportunities for the regional biopolymer coatings sector. Positive government actions in the US and Canada could further support this growth

The Asia Pacific region is expected to experience the fastest growth due to industrialization in developing countries like India and China, particularly in food, packaging, medical, and automotive industries. Other Asian nations, including Australia, Japan, Singapore, and Malaysia, are also benefiting from industrial expansion, driving the growth of the biopolymer coatings market.

Segments Covered in the Biopolymer Coatings Market

Biopolymer Coatings Market By Product

• Bio PA Coatings
• General Industrial
• Automotive
• Exterior
• Construction
• Wire Goods
• Electrical
• Bio PU Coatings
• Deckings
• Textile
• Architectural
• Furniture
• Floorings
• Automotive
• PLA Coatings
• Food & Beverage Packaging
• General Packaging
• Bio PBS Coatings
• General Packaging
• Food & Beverage Packaging
• Cellulose Esters
• Food & Beverages
• Automotive
• Textiles
• Furniture
• Starch Coatings
• Food & Beverage Packaging
• General Packaging
• Pharmacy Bags
• Wax Coatings
• General Packaging
• Edible Coatings
• Food & Beverage Packaging
• Nitrocellulose Coatings
• Flooring
• Decking
• Furniture
• Corn Zein Protein
• Pharmaceutical
• Food & Beverage Packaging
• Soy Protein Coatings
• Food & Beverage Packaging
• General Packaging

Biopolymer Coatings Market By Region

• North America
• Europe
• Asia Pacific

Frequently Asked Questions:

What is the current size & growth rate of the biopolymer coatings market?

The Biopolymer Coatings Market Predictable at $1231.25 million in 2022, is estimated to increase at a CAGR of 5.13% from $1330.56 million in 2023 to $1726 million by 2030.

What are the key driving factors for the growth of the biopolymer coatings market?

Rising environmental concern as well as growing demand for better quality food products and long shelf life of food items has considerably propelled the global biopolymer coatings market. Their property of being environment friendly and easy decomposable nature has made them a better alternative from conventional packaging types. Further, their reasonable price favors their increasing adoption rate among people. With the rising awareness for environmental protection and growing penetration of greener coatings research & development activity in biopolymer coatings have also been significantly risen within the recent past. For instance, in December 2020, Kemira, a leading provider of sustainable chemical solutions mostly for the water intensive industries and Danimer Scientific, a global le

Which key companies are operating in the global biopolymer coatings market?

Some of the key players in the global biopolymer coatings market are Cargill, AkzoNobel, Roquette Group, Corbion, EcoSynthetix, BASF, Novamont, NatureWorks LLC, ADM, Danimer Scientific, Safepack Industries, DuPont, WestRock Company, Mitsubishi Chemical Corporation, Solanyl Biopolymers, FMC Corporation, Covestro AG, Evonik Industries, Arkema, and DSM among others.

Why North America region emerged as the most lucrative market in the global biopolymer coatings market?

North America emerged as one of the most lucrative market in the global biopolymer coatings market owing to prominent growth of food & packaging industry in the region.