On the back of their superior water resistance, grease & oil resistance, and compliance with food standards, barrier coated papers continue to gather preference for packaging and printing applications. Projected for a promising CAGR of more than 4% during 2019 – 2029, a new Future Market insights (FMI) report anticipates the market to receive a major boost from food, consumer electronics, and retail industry.
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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 2019, 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 2019, 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.
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.
The global barrier coated papers market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
By Coating
Water-based Coating
Solvent-based Coating
By Material
Paper
Plastic
By Application
Packaging
Printing
By End-use Industry
Food
Beverages
Cosmetic & Personal Care
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REQUENTLY ASKED QUESTIONS ABOUT GLOBAL BARRIER COATED PAPERS MARKET
How will the global market for barrier coated papers progress over 2019 – 2029?
FMI’s analysis has projected a moderate growth outlook for the global barrier coated papers market during the defined forecast period. Through 2029, the market is poised for a value CAGR of more than 4%.
Which industry is the most prominent end-user of barrier coated papers?
The food industry will remain the most prominent end-user of barrier coated papers throughout the forecast period of 2019 – 2029. Food packaging manufacturers, particularly those catering to the fast-food sector, are shifting away from plastic film packaging. This signals a massive opportunity in the barrier coated papers market.
How will the regional market scenario evolve over the period of projection?
Currently, developed regional markets, i.e. North America and Europe collectively account for a revenue share of over 55%. However, these markets are most likely to lose their share to developing Asian markets in the following years. Towards end of 2019 – 2029, South & East Asia would be ahead of developed markets in terms of growth rate.
What will be the critical trend defining strategies of manufacturers of coated barrier papers?
Sustainability will be the most critical trend. Preferred materials such as polystyrene and other plastics are water-resistant and economical but have high negative environmental impact. In contrary, paperboard and other paper-based packaging formats are garnering popularity on back of their sustainable attribute.
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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 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 the paper packaging used for beverage packaging, and 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 packaging of confectionery, dairy, and snacks requires oil & grease resistant papers for lining boxes.
About FMI
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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