Seaweed-Based Coating Market is predicted to reach USD 938.24 million at a CAGR of 5.36% during the forecast period 2023-2032

Market Research Future (MRFR) has published on the “Global Seaweed-Based Coating Market”.

The Seaweed-based coating market is estimated to register a CAGR of 5.36% during the forecast period of 2023 to 2030.

MRFR recognizes the following companies as the key players in the global Seaweed-based coating market— Evoware (Indonesia), Amtrex, Nature Care Pvt. Ltd. (India), Nagase America LLC (U.S), Notpla Limited (UK), Mantrose UK Ltd. (UK), Sway (US), Loiware (US).

Market Highlights

The global Seaweed-based coating market is accounted for to register a CAGR of 5.36% during the forecast period and is estimated to reach USD 938.24 million by 2030.

Using seaweed as an environmentally friendly substitute for plastic Coating is quite doable. Seaweed can grow in seawater as well as freshwater. They are inert and require no additional media for growth. They are rich in vitamins, fibre, and minerals. They can also be used to make edible Coating. Polysaccharide obtained from seaweed is particularly important in its film-forming capacity. The growth of seaweed and its ability to be used as a material makes it easier to manage waste. It is biodegradable and Coating can naturally decompose. Reducing the production of plastics will directly contribute to reducing gas emissions and polluting soil, water, and air. According to some studies, it takes 40 tons of seaweed per hectare of ocean to produce seaweed.

Seaweed and algae are two of the most popular raw material sources used in the manufacturing of edible Coating products. The fact that seaweed is naturally rich in nutrients makes it an ideal raw material for Coating applications that don’t require additional chemicals. Commercial seaweed farming in the Asia Pacific region has also contributed to the supply of sufficient raw material inputs to meet the industry’s Coating needs. Seaweed is also seen as a sustainable resource to meet the needs of the industry. Seaweed can be used in many different food and beverage applications, and can be processed into many different forms, allowing manufacturers to be more flexible.

Various government agencies have taken steps to regulate the production and consumption of eco-friendly products. For example, Melbourne’s Victoria University is spearheading a ‘Sino-Australian’ initiative to replace plastic Coating with seaweed, which began in November of 2022. Globally, about 75% of the world’s seaweed is produced and collected in China every year. There are also many seaweed farms in China’s Shandong peninsula that have been established to produce polymers. In the same vein, in February of 2022, the European Community (EC) launched an ‘EU4Algae’ stakeholder platform that aims to accelerate the commercialisation of algae in Europe and raise consumer awareness.

Segment Analysis

The global Seaweed-based coating market is segmented based on application and Region. The global Seaweed-based coating Market segmentation, based on application is segmented as Food and Beverages, Pharmaceutical and Healthcare, Personal care and Cosmetics, Others. Among these, the Food and Beverages segment is anticipated to dominate the global Seaweed-based coating market revenue through the projected period as estimated by MRFR analysts.

Seaweed-based Coating has demonstrated the ability to extend the shelf life of certain food products, such as fruits. This can help reduce food waste by preventing spoilage and increasing the time available for consumption. The natural properties of seaweed can help maintain the freshness and quality of food items by providing a protective barrier against external factors that can lead to degradation. Seaweed Coating offers the advantage of customization, allowing businesses to imprint logos, graphics, and branding information directly on the Coating. This not only serves functional purposes but also enhances the overall marketing strategy. The eco-friendly nature of seaweed-based Coating can be leveraged as a unique selling point, appealing to environmentally conscious consumers. This can contribute to building a positive brand image and attracting a growing market segment concerned about sustainable practices. As environmental concerns become more prominent, there is an increasing focus on regulations favouring sustainable Coating solutions. Seaweed Coating aligns well with these trends, potentially providing businesses with a competitive edge in compliance with evolving regulations. Ongoing research and development in the field of seaweed-based Coating may lead to further innovations, expanding its capabilities and applications within the food and beverage industries. the utilization of seaweed Coating in the food sector not only addresses environmental challenges but also brings functional and marketing benefits to businesses.

Regional Analysis

By Region, the Seaweed-based coating market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. Europe leads the market share due to its focus on sustainability and environmental protection. The region's consumers are increasingly concerned about plastic waste, driving the demand for sustainable Coating solutions. The European Union's circular economy strategy further supports seaweed-based materials. In North America, the U.S. dominates the market, spurred by state-level legislation to reduce plastic waste. Companies like PepsiCo are exploring seaweed-based Coating in response. Asia-Pacific, particularly India, with its significant plastic consumption, is witnessing a surge in awareness about environmental impact. India's rich history in seaweed cultivation and government initiatives, such as the National Clean Energy Fund, position it for growth in the seaweed-based Coating industry.

Key Findings of the Study

• The global Seaweed-based coating market is expected to reach USD 938.24 by 2030, at a CAGR of 5.36% during the forecast period.


• The Europe region accounted for the fastest-growing global market.


• Based on Application, the Food and Beverages segment was attributed to holding the largest market in 2022.


• Evoware (Indonesia), Amtrex, Nature Care Pvt. Ltd. (India), Nagase America LLC (U.S), Notpla Limited (UK), Mantrose UK Ltd. (UK), Sway (US), Loiware (US) are the key market players.