Biopolymer Coatings Industry Biopolymer Coatings Industry | Page 2
foster market growth over the next seven years. The raw materials required to manufacture agro -polymers
and biomass. Use of biopolymer coatings offer advantages such as lower toxicity levels, lower cost and
higher operational efficiency.
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The market is broadly categorized into six major segments based on the application type such as paper
packaging industry, food & beverages industry, automotive sector, construction industry, textile sector and
healthcare equipment sector. The paper packaging is considered as one of the fastest growing segment in
the biopolymer coating market with substantial revenue generation in the last few years.
The market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North
America has shown major growth in recent years owing to the rise in the implementation of latest
technologies in paint & coating sector, favorable governmental laws & regulation, higher awareness level
regarding organic coatings & its advantages, increase in the number of research & development activities in
the region and existence of well-established infrastructure.
Asia-Pacific region is predicted to hold major market share in the biopolymer coatings market with massive
growth in forecast period. Countries such as India, China, Japan, South Korea, Indonesia and Singapore are
leading the Asia-Pacific market with strong economic growth in the region, promotional marketing policies
adopted to by leading industry players, and significant investment by leading industry players considering
potential growth opportunities in the region. The key players in the biopolymer coatings market are
Meredian Holdings Group (MHG), Inc., Algae Biopolymers Co., Cargill, Inc., FMC Co., Solanyl Biopolymers,
Inc., and Nature Works LLC
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