Barrier coated papers will be marketed worldwide in 2023 for an anticipated net worth of $4,809.5 million. During the projected period, it is expected that the market for barrier coated papers will grow at a CAGR of 4.6% in terms of value. By the conclusion of the forecast year, the market’s overall valuation might reach US$ 7,571.9 million, according to a research by FMI.
The Barrier Coated Papers Market is witnessing significant growth due to the increasing demand for sustainable packaging solutions and the rising awareness regarding environmental conservation. Barrier coated papers are extensively used in various industries, including food and beverages, pharmaceuticals, personal care, and others, to protect products from moisture, grease, and oxygen. This article delves into the market dynamics, explores growth opportunities, highlights key players, and provides valuable insights into the industry.
Barrier coated papers are specially designed papers that possess enhanced resistance to moisture, grease, and other environmental factors. These papers are typically coated with materials such as wax, polyethylene, or other barrier polymers to create a protective layer. The Barrier Coated Papers Market is driven by the growing demand for sustainable and eco-friendly packaging solutions across industries.
According to a recent market research report, the global barrier-coated papers market is expected to grow at a CAGR of 4.5% during the forecast period from 2021 to 2028. This growth is driven by increasing demand for packaged food and beverage products, as well as the growing use of barrier coated papers in the pharmaceutical and industrial sectors.
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Growth Drivers for the Barrier Coated Papers Market-
The Barrier Coated Papers Market is influenced by several factors that contribute to its growth. Some key drivers include:
- Increasing Demand for Eco-Friendly Packaging: With the rising concern for the environment, there is a growing preference for sustainable packaging materials. Barrier coated papers offer an eco-friendly alternative to traditional packaging materials, making them highly desirable.
- Expansion of the Food and Beverage Industry: The food and beverage industry is a major consumer of barrier coated papers. The market is experiencing a boost due to the growing demand for packaged food products and the need for extended shelf life.
- Stringent Regulations on Packaging: Regulatory bodies across the globe are implementing stringent regulations on packaging materials to ensure consumer safety and reduce environmental impact. Barrier coated papers comply with these regulations, further driving their adoption.
- Advancements in Barrier Coating Technologies: Ongoing advancements in barrier coating technologies have led to the development of high-performance coated papers with superior barrier properties. These innovations contribute to the growth of the market.
Key Takeaways of Barrier Coated Papers Market Study
- Water-based coatings are gaining traction in the barrier coated papers market, surpassing solvent-based coatings. Water-based coatings are expected to count for the majority of the market share by 2029, attributable to the regulatory landscape, limited recyclability, and slow degradation of solvent-based barrier-coated papers.
- Packaging is estimated to account for a significant share in the global barrier coated papers market. More than 95% of paper packaging is used for beverage packaging, and a majority of the food wraps, cups, and lids used in the food industry are barrier-coated.
- The food industry is identified as the key end-user for the barrier-coated papers market, as the packaging of confectionery, dairy, and snacks requires oil & grease-resistant papers for lining boxes.
- North America accounts for nearly 30% of the global barrier-coated papers market. The market in North America is expected to lose some market share in the barrier-coated papers market to developing regions, especially South Asia and East Asia. This shift can be attributed to robust growth in the consumption of packaged food and the retail industry in these regions.
- The wider adoption of sustainable barrier coatings is anticipated to be a key trend in the barrier-coated papers market. Bio-based plastics as coating materials are gaining significant traction and are expected to become more cost-effective.
Manufacturers in the barrier-coated papers market can leverage the remunerative growth potential offered by nascent bio-based materials. Capacity addition and introduction of cost-effective barrier coatings for paperboard converters can create significant opportunities for all players operating across the value chain.
Who Is Winning?
Paper packaging giants such as Stora Enso Oyj., UPM-Kymmene Oyj, Sappi Ltd., Billerudkorsnas AB, and Mitsubishi Paper Mills Limited are some of the prominent players operating in the global barrier-coated papers market. Coating companies and paperboard converter companies are collaborating to develop innovative barrier-coated papers.
- In November 2022, Stora Enso Oyj collaborated with HS Manufacturing Group (HSMG), a manufacturer of plant-based barrier coatings, to produce Stora Enso’s formed fiber offering.
- In November 2022, Smurfit Kappa collaborated with Mitsubishi HiTec Paper, to develop an innovative and recyclable food-safe packaging solution. The outer board-based packaging is made from Smurfit Kappa’s MB12 packaging solution and the inner packaging contains Mitsubishi HiTec Paper’s BARRICOTE barrier-coated papers.
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Competitive Landscape
The global barrier coated papers market players are into both – organic and inorganic expansion to make their presence felt herein. Companies like Empowera offer a plethora of solutions that efficiently replace fluorochemicals, polyethylene or waxes in paper cups, food packaging, wrapping paper, plates, and likewise.
The viscosity of these products could be adjusted as per application. There are other players treading the same path in barrier coated papers market.
- Stora Enso, in November 2019, inked a strategic collaboration with HSMG (HS Manufacturing Group) for developing the former’s formed fiber offering.
- Sonoco Products Company, in May 2019, did invest US$ 17 Mn for “Dream Machine” to laminate and coat paper & paperboard products all across Birmingham.
Market Challenges and Opportunities
While the Barrier Coated Papers Market offers numerous growth opportunities, it also faces certain challenges. Some of these include:
- Cost Considerations: Barrier coated papers are relatively more expensive than conventional packaging materials, which can pose a challenge for price-sensitive industries.
- Limited Recycling Options: The presence of coating materials on barrier coated papers can make recycling more challenging. Developing efficient recycling methods is crucial to overcome this limitation.
- Competitive Landscape: The market is highly competitive, with several established players and new entrants vying for market share. Staying ahead requires continuous innovation and product differentiation.
Key Segments Covered in Barrier Coated Papers Industry Research
By Coating :
- Water-based Coating
- Solvent-based Coating
- Wax Coating
By Material :
- Paper
- Plastic
- Polyethylene (PE)
- Polypropylene (PP)
- Polyvinylidene dichloride (PVDC)
- Polyethylene Terephthalate (PET)
- Bio-based Plastic
- Polysaccharides
- Polylactic Acid (PLA)
- Polyhydroxyalkanoates (PHA)
- Ethylene Vinyl Alcohol (EVOH)
- Polyamide (PA)
- Wax
- Aluminum Oxides (AlOx)
- Silicon Oxides (SiOx)
By Application :
- Packaging
- Cups & Lids
- Trays
- Boxes & Cartons
- Pouches & Sachets
- Labels
- Blisters & Clamshells
- Wraps
- Tapes
- Printing
By End-user :
- Food
- Bakery
- Confectionery
- Snacks
- Dairy
- Spices & Condiments
- Sauces
- Beverages
- Cosmetic & Personal Care
- Pharmaceuticals
- Building & Construction
- Electrical & Electronics
- Tobacco Packaging
- Other Consumer Goods (Agriculture, Automotive, Home Care, etc.)
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