Biopolymer Coatings Market Analysis

Biopolymer Coatings Market Analysis

Biopolymer coatings market valuation from the soy protein product segment is predicted to reach USD 740 million by 2032. Soy protein-based paper coatings offer excellent resistance to oil and gas, allowing the development of products, from pharmacy bags to food and beverage packaging with longer shelf life. Soy protein isolate (SPI) is gaining significant traction in the food sector due to its affordability and easy availability. The growing popularity of soy-based films produced using renewable sources can be accredited to their improved functionality and environmental effects as compared to synthetic films.
 

Furthermore, the biopolymer coatings industry share from bio PU coatings is expected to rise significantly through 2032. In the recent past, bio-based polyurethane (PU) coatings have emerged as promising alternatives to petrochemical-based coatings owing to their low-cost, easy availability, and biodegradability.  The increasing importance of coatings with lower environmental impacts will also play an ideal role in the market expansion.
 

Biopolymer coatings market from automotive applications is anticipated to exhibit gains at nearly 4% up to 2032. Bio-based PU coatings are extensively used across the automotive sector for interior designing owing to their exceptional resistance to light, abrasion, heat, and hydrolysis. Hence, leading automobile manufacturers are switching to sustainable paints and coatings to reduce emissions and carbon footprint.
 

Bio PU coatings market share from architectural coatings is slated to witness substantial growth over 2032. Bio-based architectural paints and coatings are gaining significant momentum due to their ability to protect structures and properties such as color & gloss retention, non-toxicity, corrosion resistance, and chemical & abrasion resistance.
 

North America biopolymer coatings market is set to exceed USD 563.5 million by 2032. The region is expected to emerge as a major hub for biopolymer coatings owing to the booming food and beverages sector, consequently driving the need for paper and paperboard packaging. The surging demand for packaged food and the increasing popularity of sustainable packaging is expected to offer lucrative scope for the development of the regional biopolymer coatings industry. Additionally, favorable government initiatives to encourage consumers and manufacturers to switch to environmentally friendly, biodegradable packaging in the U.S., and Canada will complement industry growth in the region.