Home > Chemicals & Materials > Paints and Coatings > Specialty Coatings > Biopolymer Coatings Market
Biopolymer Coatings Market Size
- Report ID: GMI333
- Published Date: Apr 2023
- Report Format: PDF
Biopolymer Coatings Market Size
Biopolymer Coatings Market size valued at USD 1.1 billion in 2022 and is poised to register 6.2% CAGR from 2023 to 2032. Increasing limitations of synthetic polymers is likely to support the business expansion.
Increasing focus on eco-friendly and biodegradable paper packaging will escalate the demand for biopolymer coatings. The growing concerns associated with plastic waste have accelerated the dynamic shift from conventional packaging to paper packaging, fostering the demand for barrier coatings.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Biopolymer Coatings Market Size in 2022: | USD 1.1 USD Billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 6.2% |
| 2032 Value Projection: | USD 2.1 USD Billion |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 500 |
| Tables, Charts & Figures: | 807 |
| Segments covered: | Product by Application, and Region |
| Growth Drivers: |
|
| Pitfalls & Challenges: |
|
Volatile raw material costs may impede industry growth
Fluctuating raw material costs could impact the biopolymer coatings market growth. Manufacturing biopolymers is relatively more expensive as compared to synthetic polymers and hence requires a hefty initial investment. Despite the growing consumer preference for renewable sources and eco-friendly biopolymer materials, variations in costs are hampering the production output and product quality. The increasing limitations associated with the wide-scale commercialization of biopolymers could also restrain the business expansion.
Frequently Asked Questions (FAQ) :
Biopolymer Coatings Market Scope
