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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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.
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.
- 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 consumption of packaged food and retail industry in these regions.
- 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.
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The FMI’s report includes an interesting chapter on preliminary impact of the COVID-19 on the Barrier Coated Papers market. This allows both leading and emerging market players to understand the market scenario during a crisis and aids them in making sound decisions to gain a distinct competitive edge.
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Barrier Coated Papers Market: Segmentation
By Coating
Water-based Coating
Solvent-based Coating
Wax Coating
By Material
Paper
Plastic
Polyethylene (PE)
Polypropylene (PP)
Polyvinylidene dichloride (PVDC)
Polyethylene Terephthalate (PET)
By Application
Packaging
Cups & Lids
Trays
Boxes & Cartons
Pouches & Sachets
Labels
By End-use Industry
Food
Bakery
Confectionery
Snacks
Dairy
Spices & Condiments
Sauces
Barrier Coated Papers Market: Competition Analysis
The FMI’s study presents a comprehensive analysis of global, regional, and country-level players active in the Barrier Coated Papers market. Competitive information detailed in the Barrier Coated Papers market report has been based on innovative product launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation of each market player. Furthermore, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the Barrier Coated Papers market report.
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Important Questions Answered in the Barrier Coated Papers Market Report
Which end user remains the top revenue contributor in different regional markets?
At what rate has the global Barrier Coated Papers market been expanding during the forecast period?
How will the global Barrier Coated Papers market look like by the end of the forecast period?
What innovative strategies are adopted by Barrier Coated Papers market players to stay ahead of the pack?
What are the restraints affecting the growth of the global Barrier Coated Papers market?
Key Offerings of the Report
Growth Drivers and Opportunities: Comprehensive analysis on growth-driving factors and opportunities for market players in different regional markets
Recent Trends and Forecasts: Detailed assessment on the latest trends, technological developments, and forecasts for a 5-year or 10-year period.
Segmental Analysis: Extensive analysis on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis
Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with necessary information to take critical decisions
Competitive Landscape: All-inclusive insights on both leading and emerging players vying for a slice of the Barrier Coated Papers market
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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