Biopolymer Coatings Market Size, Price | Industry Report, 2023

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Global Market Insights, Inc.
Biopolymer Coatings Market Size, Industry
Analysis Report, Regional Outlook, Application
Development Potential, Price Trend, Competitive
Market Share Forecast, 2016 2023
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Global Market Scenario of polymer coatings
Biopolymer market size was valued at more than
USD 2.2 billion in 2015 and is expected to be
worth over USD 6.5 billion by 2023, growing at a
CAGR of more than 14. Growing environmental
concerns pertaining to the use of synthetic-based
packaging coupled with increasing consumer demand
for longer shelf life and high quality food
products are anticipated to drive biopolymer
coatings market size during the forecast period.
Packaging was the dominant segment and accounted
for approximately 55 of the total volume in
2015. Cost efficiency and environment
friendliness are likely to be the key factors to
drive growth. Cost, particularly will be
critical, as industry penetration will be
ultimately guided by biopolymer coatings market
price trend.
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https//www.gminsights.com/industry-analysis/biopo
lymer-market
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U.S. biopolymer coatings market size is
anticipated to witness high growth owing to the
growing food packaging industry and rising
trend for green technology. Europe is expected to
grow at significant rate due to growth in the
food industry and shift in consumer preference
for biodegradable products. Asia Pacific
biopolymer coatings market share is expected to
be a major contributor due to the rapid
industrialization and government initiatives in
countries such as China and India to promote
biodegradable products. Biopolymers are
sustainable, nontoxic, and recyclable
petrochemical packaging substitutes. Increasing
conventional energy resource prices and growing
demand from consumers are also expected to be the
key drivers.
Read more at _at_ https//www.gminsights.com/industry
-analysis/biopolymer-market F
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Market research reports Key analytical components
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