Introduction
Welcome to the world of Barrier Coated Papers, a rapidly expanding market that is transforming the way we package and preserve products. In this article, we will explore the Barrier Coated Papers Market and its incredible potential for sustainability, cost-effectiveness, and environmental impact.
What are Barrier Coated Papers?
Barrier Coated Papers, also known as barrier board or coated paperboard, are specialized materials that have undergone a coating process to enhance their resistance to moisture, grease, and other external elements. This coating provides a protective barrier, making these papers ideal for packaging purposes.
The Rising Demand in the Barrier Coated Papers Market
The Barrier Coated Papers Market has witnessed significant growth in recent years, driven by the increasing demand for sustainable and eco-friendly packaging solutions. As consumers become more conscious of their environmental footprint, businesses are compelled to adopt eco-friendly packaging alternatives, propelling the market forward.
According to FMI’s analysis, the global barrier coated papers market is projected to experience a significant value growth with a CAGR of 4.6% throughout the forecast period, potentially reaching a staggering valuation of US$ 7,571.9 million by its conclusion.
Download Sample Report to learn about recent in the Barrier Coated Papers industry observed by FMI.@ https://www.futuremarketinsights.com/reports/sample/rep-gb-6030
Innovations in the Barrier Coated Papers Market
The Barrier Coated Papers Market is continuously evolving, driven by technological advancements and a focus on sustainability. Some noteworthy innovations in this industry include:
– Bio-based Barrier Coatings
Researchers are exploring bio-based barrier coatings derived from natural sources like plant fibers, starch, and proteins, reducing the dependence on fossil fuels and further enhancing the sustainability of Barrier Coated Papers.
– Active Packaging
Active packaging technology integrates barrier coatings with functionalities such as antimicrobial properties and oxygen scavenging, extending the shelf life of packaged products and enhancing their safety.
– Nanotechnology Integration
The incorporation of nanotechnology in barrier coatings improves their performance by enhancing barrier properties, mechanical strength, and thermal stability.
– Smart Packaging
The emergence of smart packaging solutions integrates sensors and indicators within the barrier coatings to monitor product freshness, temperature, and other vital parameters.
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.
Unlock Exclusive Savings of up to 30% on Tailoring this Report.
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.
Challenges Faced by the Barrier Coated Papers Market
Despite the many advantages and innovations, the Barrier Coated Papers Market also faces certain challenges:
– Cost Constraints
The initial cost of adopting barrier coated packaging can be higher compared to traditional options. However, long-term savings and environmental benefits outweigh the initial investment.
– Recycling Infrastructure
While Barrier Coated Papers are recyclable, the availability of proper recycling infrastructure in some regions remains limited, hindering their widespread adoption.
– Performance Expectations
Some industries demand specialized packaging requirements, necessitating further research and development to enhance barrier coating performance for specific applications.
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.)
Request Report Methodology @ https://www.futuremarketinsights.com/request-report-methodology/rep-gb-6030
Find Out other related Interesting Articles Here:
Unlock the Power of Sustainability: Transforming Waste into Gold with Paper Recycling
Revolutionizing Packaging: Embrace Eco-Friendly Polycoated Cup Stock!
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce, and is headquartered in Delaware, USA. A recipient of the Clutch Leaders Award 2022 on account of a high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
LinkedIn| Twitter| Blogs | YouTube
For Sales Enquiries: sales@futuremarketinsights.com
