Barrier coated papers will be marketed worldwide in 2023 for an anticipated net worth of $4,809.5 million. During the projected period, it is expected that the market for barrier coated papers will grow at a CAGR of 4.6% in terms of value. By the conclusion of the forecast year, the market’s overall valuation might reach US$ 7,571.9 million, according to a research by FMI.
The Barrier Coated Papers Market is experiencing significant growth in recent years, driven by the rising demand for eco-friendly and sustainable packaging solutions across various industries. Barrier coated papers are specially designed papers that offer enhanced resistance to moisture, grease, and other external factors, making them ideal for packaging applications.
Barrier coated papers are extensively used in the packaging industry, primarily for food and beverage products. These papers are coated with a thin layer of polymer or other barrier materials to enhance their resistance to moisture, oil, and oxygen, thereby extending the shelf life of packaged goods.
Get a Free Sample Report (up to 250 pages)@ https://www.futuremarketinsights.com/reports/sample/rep-gb-6030
Growth Drivers
The Barrier Coated Papers Market is fueled by various growth drivers that are shaping the industry landscape. Some of the key factors driving the market include:
- Growing Demand for Sustainable Packaging: The increasing environmental concerns and the need for sustainable packaging solutions have led to a surge in demand for barrier coated papers. These papers are eco-friendly alternatives to traditional plastic packaging materials and help reduce carbon footprint.
- Stringent Regulations on Plastic Usage: Governments and regulatory bodies worldwide are implementing stringent regulations to curb the use of single-use plastics. This has significantly influenced the packaging industry, driving the adoption of barrier coated papers as a sustainable packaging solution.
- Rising Consumer Awareness: Consumers are becoming more conscious about the environmental impact of packaging materials. Barrier coated papers, with their recyclability and eco-friendly nature, align with consumers’ preferences for sustainable and responsible packaging options.
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.
Get In Touch With Our Team For a 20% Flat Discount
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.
Challenges in the Market
While the Barrier Coated Papers Market presents immense growth opportunities, several challenges need to be addressed for sustained market expansion. Some of the key challenges include:
- Cost Considerations: Barrier coated papers are generally priced higher than traditional packaging materials, which can pose challenges for small and medium-sized enterprises (SMEs) with limited budgets. However, advancements in manufacturing processes and economies of scale are gradually reducing the cost differentials.
- Recycling Infrastructure: Although barrier coated papers are recyclable, the availability of proper recycling infrastructure can be a bottleneck. Collaborative efforts between governments, industries, and consumers are essential to establish an efficient recycling system and promote the circular economy.
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