Barrier Coated Papers Market Set to Flourish: Valuation Poised to Reach US$ 7,571.9 Million by 2033

Barrier Coated Papers Market

Projections for 2023 indicate a global market value of approximately US$ 4,809.5 million for total barrier coated papers. Throughout the forecast period, the barrier coated papers market is poised for a robust expansion, with an anticipated Compound Annual Growth Rate (CAGR) of 4.6% in terms of value. This surge is underpinned by a growing demand for barrier-coated paper products worldwide, driven by their diverse applications and effectiveness in providing protection against external elements. As industries increasingly recognize the benefits of these papers, the market is expected to sustain a substantial growth trajectory, solidifying its position in the global paper and packaging landscape.

Pioneering the charge toward sustainable practices, manufacturers in the barrier coated papers market are diligently working on the innovation of biomaterial coatings as eco-friendly alternatives to traditional petroleum-based polymer coatings. Exploring advanced coating technologies like slide covering and curtain processes not only opens up substantial opportunities but also holds the potential to enhance the overall efficiency and cost-effectiveness of the production process.

Request Sample: https://www.futuremarketinsights.com/reports/sample/rep-gb-6030

Europe, commanding a significant share of the worldwide demand for various forms of barrier packaging, including barrier coated papers, is driven by the widespread consumer preference for goods with extended shelf life across many European countries.

Germany, a key player in the production of barrier coated papers, stands out as the leading supplier in Europe, maintaining its dominance due to the presence of major market players. Conversely, the United Kingdom’s notable surge in the sales of barrier coated papers is attracting global industry players, signaling a high growth potential in the market.

The demand for barrier coated papers is accelerating due to the high use of barrier coatings for food packaging. Moreover, many non-food products and corrugated board packaging applications use barrier coatings for profitable shipping.

Papers with a barrier coating are known to conceal products by grease barrier, moisture barrier, or other necessary barrier types. However, these materials negatively impact the environment and are thus being replaced by paper-based formats with compostable barrier coatings.

Key Takeaways from the Barrier Coated Papers Market Study

  • Countries in North America are the prominent users of barrier-coated papers and created a global demand share of 29.4% in the year 2022. The sales of barrier coated papers in the United States alone contributed to 25.4% of the global market share that year.
  • Europe, as a whole, closely follows the United States in the adoption of barrier coated papers and acquired a market share of 25.2% in 2022. Europe is the leading contributor of barrier-coated papers, with a global market share of 5.3% in 2022.
  • In recent years, the demand for barrier coated papers in the United States is surging at a significant rate. FMI estimates this regional market is going to exhibit a year-on-year growth rate of 3.3% during the forecast years.
  • Asia Pacific countries are emerging to be notably growing markets for sales of barrier-coated papers these years. China is at the forefront and is projected to register an impressive CAGR of 6.4% during the forecast years.
  • Japan is a quite well-established market in the Asia Pacific that contributed almost 4.1% of the global supply of barrier coated papers in 2022. India is figured out to continue on a high annual growth rate of 7.4% in sales of barrier coated papers over the forecast years.
  • Based on different types of materials used for making barrier coated papers, paper is the preferred segment. Though this segment held an 84.1% market share in 2022, the bio-based plastics segment is expected to gain high traction during the projected years.
  • Among the several end-user verticals for barrier coated papers, the food packaging segment consumed almost 64.9% of the total share in 2022. Besides this segment, beverages packaging and pharmaceutical packaging are also expected to make high use of barrier coated papers in the coming days.

Request Report Methodology: https://www.futuremarketinsights.com/request-report-methodology/rep-gb-6030

Market Drivers:

  1. Increasing Demand for Sustainable Packaging: As environmental concerns rise, there is a growing demand for sustainable and eco-friendly packaging materials. Barrier coated papers, with their ability to reduce the need for additional packaging layers, may see increased demand.
  2. Advancements in Barrier Coating Technologies: Ongoing research and development in coating technologies may lead to the introduction of more effective and cost-efficient barrier coatings, driving market growth.
  3. Rising Awareness of Food Safety: With increased awareness of food safety, there is a demand for packaging materials that can protect contents from external contaminants, such as moisture and oxygen. Barrier coated papers can play a role in enhancing food safety.
  4. Growing Food and Beverage Industry: The growth of the food and beverage industry, where packaging is a critical component, can positively impact the demand for barrier coated papers.

Market Restraints:

  1. High Production Costs: Barrier coated papers may have higher production costs compared to traditional packaging materials, which could limit their adoption, especially in price-sensitive markets.
  2. Limited Recycling Options: Some barrier coatings may make recycling more challenging, contributing to concerns about environmental sustainability. Restrictions on certain coatings in recycling processes could be a restraint.
  3. Competition from Alternative Materials: Barrier coated papers face competition from other advanced packaging materials, such as laminates and films, which may offer similar or enhanced barrier properties.
  4. Global Economic Conditions: Economic factors, such as recessions or fluctuations in currency values, can impact the purchasing power of consumers and businesses, affecting overall demand for packaging materials, including barrier coated papers.

Competitive Landscape for the Barrier Coated Papers Market

  • Paramelt B.V
  • Cortec Corporation
  • Sierra Coating Technologies LLC
  • Stora Enso Oyj
  • Altana AG
  • Michelman, Inc.
  • Omnova Solutions Inc.
  • BASF S.E.
  • Dow Chemical Company

are some of the leading players in the global barrier coated papers market.

  • Coatings & Adhesives,
  • CH-Polymers,
  • Imerys,
  • Mondi,
  • Akzo Nobel,
  • KURARAY
  • Cork Industries

are among other domestic players covered in the report.

Advancements in packaging innovations, particularly in water-based barrier coated papers are regarded to fuel the market’s growth over the forecast period. Furthermore, the stringent environmental regulations that many governments around the world have implemented for food contact paper could play a supportive role.

Recent Developments:

  • 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, invested US$ 17 million in Dream Machine to laminate and coat paper & paperboard products in Birmingham.

Buy Now/Purchase: https://www.futuremarketinsights.com/checkout/6030

Key Segmentations

Barrier Coated Paper Industry Segment by Coating Type:

  • Water-based Coating
  • Solvent-based Coating
  • Wax Coating
  • Extrusion Coating

Barrier Coated Paper Industry Segment by Material:

  • Paper Coating
  • Plastic Coating
    • Polyethylene (PE)
    • Polypropylene (PP)
    • Polyvinylidene dichloride (PVDC)
    • Polyethylene Terephthalate (PET)
  • Bio-based Plastic Coating
    • Polysaccharides
    • Polylactic Acid (PLA)
    • Polyhydroxyalkanoates (PHA)
      • Ethylene Vinyl Alcohol (EVOH)
      • Polyamide (PA)
  • Wax Coating
  • Other Coating Materials

Barrier Coated Paper Industry Segment by Thickness (ISO 534):

  • Less than 50 µm
  • 51 µm to 75 µm
  • 75 µm to 100 µm

Barrier Coated Paper Industry Segment by Packaging Application:

  • Cups & Lids
  • Trays
  • Laminates
  • Boxes & Cartons
  • Pouches & Sachets
  • Labels
  • Blisters & Clamshells
  • Wraps
  • Tapes
  • Others

Barrier Coated Paper Industry Segment by End-user Verticals:

  • Food Packaging
    • Bakery
    • Confectionery
    • Snacks
    • Dairy
    • Spices & Condiments
    • Sauces
  • Beverages Packaging
  • Cosmetic & Personal Care Packaging
  • Pharmaceuticals Packaging
  • Building & Construction Packaging
  • Electrical & Electronics Packaging
  • Tobacco Packaging
  • Packaging of Other Consumer Goods (Agriculture, Automotive, Home Care, etc.)

Barrier Coated Paper Industry Segment by Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • The Middle East & Africa (MEA)

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani  

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: 
sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedInTwitterBlogs | YouTube

About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may also like these