)--The global biopolymer coatings market size is expected to grow by USD 336.80 million during 2020-2024. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. We expect the impact to be significant in the first quarter but gradually lessen in subsequent quarters – with a limited impact on the full-year economic growth.Request challenges and opportunities influenced by COVID-19 pandemic @ https://www.technavio.com/talk-to-us'report=IRTNTR44166
As per Technavio, the increasing demand from food and beverage industry will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2020-2024.Biopolymer Coatings Market: Increasing Demand from the Food and Beverage Industry
Rising environmental concerns have led to the replacement of petroleum-based polymers with bio-based polymers. This shift is quite evident in the food and beverage packaging industry. Increased concern over the use of synthetic packaging materials in combination with consumer demand for high quality and longer shelf life has led to the development of eco-friendly packaging. Bio-based polymers, when used as a coating material, offer excellent barrier properties to food products. Biopolymers coatings can retard unwanted moisture transfer in food products. They also exhibit high oxygen and air barrier property. Furthermore, biopolymer coatings enhance the chemical and mechanical properties of the paper. Antimicrobial agents mixed in biopolymers are used to manufacture active paper packaging materials. Such properties of biopolymer coatings are driving their demand in the food and beverage industry.“Factors such as the fluctuating crude oil prices, and the rapidly growing automotive industry will have a significant impact on the growth of the biopolymer coatings market value during the forecast period,” says a senior analyst at Technavio. Register for a free trial today and gain instant access to 17,000+ market research reportsRequest a free sample report
Some of the key topics covered in the report include:
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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