The global barrier coatings for packaging market is expected to experience significant growth, reaching a valuation of US$ 11.1 billion by the end of 2023 and projecting a valuation of US$ 28.8 billion by 2033.
This growth is driven by various factors, including the increasing demand for high-quality packaging materials, particularly in the food and beverage industry, as well as the rising awareness about food safety and the convenience of packaged products. Technological advancements, sustainable packaging solutions, and the use of barrier coatings in the pharmaceutical industry are also contributing to market expansion.
North America, followed by Europe, currently dominates the barrier coatings for packaging market, with the United States being the largest market in the region. Asia-Pacific is also a significant market due to the growing consumer demand for health-conscious and environmentally friendly packaging options, coupled with the region’s expanding food and beverage industry and large consumer base.
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Key producers in the market, such as DuPont, Berry Global, and Toray Industries, among others, are actively working to increase their market share. Companies are investing in research and development to improve product quality, effectiveness, and sustainability, leading to increased competition within the industry. In addition, startups like EcoLean AB and BioGents AG are emerging with innovative and sustainable packaging solutions to cater to the growing demand for eco-friendly packaging.
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.
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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.
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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
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
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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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