The global barrier coatings in packaging market is expected to experience significant growth, reaching a projected valuation of US$ 28.8 billion by 2033, up from an estimated US$ 11.1 billion by the end of 2023.
This growth is primarily fueled by the increasing demand for high-quality packaging materials, particularly in the food and beverage industry. Consumers are increasingly seeking packaging solutions that can ensure the freshness and safety of their products. Additionally, a growing awareness of food safety and the convenience offered by packaged goods is driving the demand for barrier coatings.
Advancements in technology also play a crucial role in expanding the market. Ongoing research and development efforts are focused on creating sustainable packaging options that meet the changing preferences of consumers. The pharmaceutical industry is also adopting barrier coatings to improve the protection and shelf life of medicines and healthcare products.
Currently, North America holds the largest market share in the barrier coatings for packaging industry, with the United States as the dominant market. Europe follows closely behind. The Asia-Pacific region is emerging as a significant market due to increasing consumer demand for health-conscious and environmentally friendly packaging choices. The region’s expanding food and beverage industry, as well as its large consumer base, contribute to this growth.
Some of the leading manufacturers of barrier coatings for packaging are Stora Enso, Teknos Group, Sierra CoatingTechnologies LLC, SchmidRhyner AG, CORK INDUSTRIES, Mondi PLC, Cattie Adhesives and other local manufacturers..
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Key Takeaways:
- The global barrier coatings for packaging market is expected to reach US$ 11.1 billion by the end of 2023 and US$ 28.8 billion by 2033, driven by the demand for high-quality and sustainable packaging materials.
- North America and Europe are the major markets, with the United States leading in the region, while Asia-Pacific is experiencing significant growth due to consumer demand for health-conscious and environmentally friendly packaging options.
- Key producers, including DuPont and Berry Global, are focusing on expanding their product portfolios and investing in research and development to enhance quality, effectiveness, and sustainability.
- Startups such as EcoLean AB and BioGents AG are entering the market with innovative and eco-friendly packaging solutions, adding to the competition and catering to the growing demand for sustainable packaging.
Barrier Coatings for Packaging Market: Key Players
Some of the leading manufacturers of barrier coatings for packaging are Stora Enso, Teknos Group, Sierra CoatingTechnologies LLC, SchmidRhyner AG, CORK INDUSTRIES, Mondi PLC, Cattie Adhesives and other local manufacturers.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies
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Barrier Coatings for Packaging Market: Segmentation
On the basis of coating type, the barrier coatings for packaging market is segmented into:
- PE coatings
- PP coatings
- PET coatings
- Metallized coating
- Paper coatings
- Others coatings
On the basis of end use industry, the barrier coatings for packaging market is segmented into:
- Food
- Beverage
- Pharmaceutical
- Chemical
- Personal Care & Cosmetics
- Electronics
- Others
On the basis of distribution channel, barrier coatings for packaging market is segmented into:
- Manufacturers
- Distributors
- Retailers
- E-Retail
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