In 2023, barrier coated papers will be sold all over the world for an estimated $4,809.5 million in net worth. The market for barrier coated papers is anticipated to expand in value at a CAGR of 4.6% over the anticipated time frame. According to a study by FMI, the market’s entire valuation may reach US$ 7,571.9 million by the end of the projected year.
In recent years, the market for barrier coated papers has grown significantly due to the increased need for environmentally friendly and sustainable packaging solutions across numerous industries. Papers that have been carefully engineered to provide greater resistance to moisture, grease, and other external influences, or “barrier coated papers,” are excellent for packing purposes.
In the packaging industry, barrier coated sheets are widely utilised, mainly for food and beverage items. The shelf life of packed items is increased by coating these sheets with a thin layer of polymer or other barrier materials to increase their resistance to moisture, grease, and oxygen.
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Growth Motivators
The market for barrier coated papers is supported by a number of growth factors that are reshaping the competitive landscape. One of the main forces influencing the market is:
- Growing Need for Sustainable Packaging: The market for barrier coated papers has increased as a result of rising environmental concerns and the desire for sustainable packaging solutions. These sheets assist lower carbon footprints and are eco-friendly substitutes for conventional plastic packaging materials.
- Governments and regulatory organisations around the world are enacting strict restrictions to reduce the use of single-use plastics. Because of this, barrier coated papers have become increasingly popular as a sustainable packaging choice in the packaging industry.
- Consumer Awareness is Growing: Consumers are becoming more aware of how packing materials affect the environment. Barrier coated papers, which are recyclable and environmentally beneficial, fit consumers’ demands for packaging that is ethical and sustainable.
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.
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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.)
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