In 2023, barrier coated papers will be sold all over the world for an estimated $4,809.5 million in net worth. The market for barrier coated papers is anticipated to expand in value at a CAGR of 4.6% over the anticipated time frame. According to a study by FMI, the market’s entire valuation may reach US$ 7,571.9 million by the end of the projected year.
In today’s dynamic business landscape, the demand for sustainable packaging solutions is on the rise. As consumers become more environmentally conscious, the need for barrier coated papers has witnessed a significant surge. Barrier coated papers are designed to offer enhanced protection against moisture, grease, and other external factors, making them ideal for various applications across industries.
The Barrier Coated Papers Market has experienced substantial growth in recent years. This growth can be attributed to several factors, including the increasing demand for eco-friendly packaging solutions, the rise in online retail, and the stringent regulations pertaining to sustainable packaging.
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
Factors Driving Market Growth
The Barrier Coated Papers Market is primarily driven by the following factors:
1. Increasing Demand for Sustainable Packaging Solutions
As global environmental concerns continue to escalate, businesses are actively seeking sustainable packaging alternatives. Barrier coated papers, with their eco-friendly properties and recyclability, have gained immense popularity as an effective solution for reducing the carbon footprint.
2. Growing Preference for Online Retail
The rapid growth of e-commerce has significantly contributed to the demand for barrier coated papers. With the surge in online shopping, there is a need for secure and durable packaging materials that can protect the goods during transportation.
3. Stringent Regulations on Sustainable Packaging
Governments and regulatory bodies across the globe are implementing stringent regulations to promote sustainable packaging practices. This has further fueled the demand for barrier coated papers as companies strive to comply with these regulations and demonstrate their commitment to environmental stewardship.
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.
Market Trends and Outlook
The Barrier Coated Papers Market is witnessing several noteworthy trends that are shaping its future. Let’s explore some of the key trends:
Shift Towards Sustainable Packaging Solutions
In line with the global sustainability movement, the packaging industry is shifting towards eco-friendly alternatives. Barrier coated papers, with their recyclable and biodegradable properties, are gaining significant traction as a sustainable packaging solution. Manufacturers are increasingly adopting barrier coated papers to align with their sustainability goals and meet consumer demands.
Technological Advancements
Advancements in coating technologies have revolutionized the Barrier Coated Papers Market. Innovative coatings, such as water-based and solvent-free options, are gaining popularity due to their reduced environmental impact. These advancements not only enhance the barrier properties but also improve the overall performance of barrier coated papers.
Growing Demand from Emerging Economies
The demand for barrier coated papers is not limited to developed regions; emerging economies are also witnessing a surge in demand. As these economies experience rapid industrialization and urbanization, the need for efficient packaging solutions grows. The expanding food and beverage, pharmaceutical, and e-commerce sectors in these regions are driving the demand for barrier coated papers.
Future Outlook
The Barrier Coated Papers Market is poised for substantial growth in the coming years, driven by the increasing emphasis on sustainability and the rising demand for eco-friendly packaging options. Market players are investing in research and development activities to enhance the performance characteristics of barrier coated papers and expand their applications.
The growing focus on bio-based materials and advanced barrier technologies is expected to open new avenues for market growth. Additionally, collaborations between packaging companies, raw material suppliers, and research institutions will facilitate the development of innovative and sustainable barrier coated paper solutions.
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
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
