The Europe barrier-coated barrier-coated paper industry is expected to total US$ 3,222 million in 2023 and US$ 4,401 million by 2033. It is poised to exhibit steady growth, with overall demand for barrier-coated papers rising at a 3.2% CAGR during the assessment period.
Several factors are expected to drive the growth of the Europe barrier-coated paper industry during the assessment period. These include:
- Rising interest in eco-friendly packaging: The need for eco-friendly packaging solutions like barrier-coated papers is expected to rise significantly across Europe. This is due to growing environmental concerns regarding increasing plastic pollution and the implementation of stringent regulations. To gain from this trend, top players will look to use biomaterials as well as bio-based coatings.
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- Growing demand for flexible packaging: Rising demand for flexible packaging solutions, especially from the food & beverage industry, is expected to bolster sales of barrier-coated papers. The flexibility, recyclability, low cost, and lightweight barrier-coated papers make them suitable solutions for flexible packaging.
- Growth of the food and beverage industry: Barrier-coated papers are increasingly replacing traditional paper and plastic materials. This is due to their attractive benefits. Hence, the expansion of the food & beverage industry and the growing popularity of packaged food products will drive demand for barrier-coated papers through 2033.
- Adoption of novel materials and coatings: Companies are investing in research and development of wax-based coatings. Biomaterials are gaining popularity among companies due to their attractive advantages. These developments will play key roles in boosting the Europe barrier-coated industry.
Key Takeaways from Europe Barrier Coated Paper Industry
- The barrier-coated paper industry in Europe is set to reach a valuation of US$ 4,401 million in 2033.
- Based on material, the paper segment is expected to hold a value share of 6% in 2033.
- By coating type, water-based coating segment is projected to expand at a CAGR of 6% through 2033
- Based on application, the packaging segment is anticipated to surge at a 3% CAGR through 2033.
- Germany is set to register a CAGR of 4% between 2023 and 2033.
- Sales in France are projected to grow at 7% through 2033.
“Growing demand for sustainable and eco-friendly packaging solutions is expected to create growth prospects for the Europe barrier-coated packaging industry. Besides this, the increasing popularity of flexible paper packaging and regulatory support for sustainable packaging will bolster sales of barrier-coated papers in Europe through 2033,” says a lead Future Market Insights (FMI) analyst.
Who is Winning?
Stora Enso Oyj, UPM-Kymmene Oyj, Ahlstrom-Munksjö Oyj, Nippon Paper Industries Co., Ltd., BillerudKorsnas AB, Mitsubishi Paper Mills Limited, Nordic Paper AS, Gascogne Groupe, Feldmuehle GmbH, WestRock Company, MetPro Group, Sappi Global, PG Paper Company Ltd., Hansol Paper Ltd., Toppan Printing Co., Ltd, Oji Holdings Corporation others are prominent barrier coated paper manufacturers listed in the report. The Tier 1 players hold 30% to 35% share in the Europe barrier-coated paper industry.
Top companies are focusing on using different strategies, including new product launches, mergers, partnerships, and acquisitions, to boost their sales and expand their presence. For instance,
- In January 2021, a novel barrier coating technology for functional paper packaging was launched by Sappi.
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Get More Valuable Insights into Europe Barrier Coated Paper Report
Future Market Insights (FMI), in its new report, offers an unbiased analysis of the Europe barrier coated paper industry, analyzing historical demand from 2018 to 2022 and forecast statistics for 2023 to 2033. The study reveals growth projections based on material (paper, plastic, wax, aluminum oxides, silicon oxides), coating type (water-based coating, solvent-based coating, wax coating), application (packaging, printing), end use (food, beverages, cosmetics & personal care, pharmaceuticals, building & construction, electrical & electronics, others), and country.
About Future Market Insights Inc. (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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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