Introduction:
In the ever-evolving world of packaging, the Barrier Coated Papers Market has emerged as a game-changer, revolutionizing the way we package products. With its impressive blend of innovation, sustainability, and functionality, this market is gaining momentum like never before. In this comprehensive guide, we’ll delve into the nuances of the Barrier Coated Papers Market, exploring its key features, applications, advantages, and the positive impact it’s making on the environment.
Barrier Coated Papers Market: Shaping the Future of Packaging
The Barrier Coated Papers Market, often referred to simply as “Barrier Papers,” encompasses a wide range of paper products that have been enhanced with specialized coatings. These coatings are designed to provide superior resistance to external elements such as moisture, grease, and gases, making them a perfect choice for packaging sensitive products. From food to electronics, Barrier Coated Papers have found their way into various industries, ensuring the longevity and quality of the packaged goods.
According to FMI’s analysis, the global barrier coated papers market is projected to experience a significant value growth with a CAGR of 4.6% throughout the forecast period, potentially reaching a staggering valuation of US$ 7,571.9 million by its conclusion.
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Benefits of Barrier Coated Papers Market
Barrier Coated Papers offer a multitude of benefits that set them apart from conventional packaging materials:
- Enhanced Protection: The primary advantage of these papers is their exceptional protective barrier against moisture, oils, and gases. This results in extended shelf life and maintained product quality.
- Sustainability: Barrier Coated Papers are often sourced from renewable materials, contributing to eco-friendly packaging solutions. Moreover, their protective qualities reduce food waste by preventing spoilage.
- Versatility: These papers can be tailored to specific packaging needs, adapting to different industries and product types.
- Printing Compatibility: The coatings on Barrier Papers do not compromise printability, allowing for eye-catching designs and branding.
- Recyclability: Many types of Barrier Coated Papers are recyclable, aligning with the growing demand for sustainable 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.
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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.
Environmental Impact of Barrier Coated Papers
One of the key aspects that makes the Barrier Coated Papers Market so promising is its positive environmental impact. As consumers increasingly demand sustainable packaging options, these papers rise to the occasion:
- Reduced Plastic Usage: By offering a viable alternative to plastic packaging, Barrier Coated Papers help decrease plastic waste and its adverse effects on the environment.
- Biodegradability: Many Barrier Papers are biodegradable, breaking down naturally and leaving behind minimal ecological footprint.
- Energy Efficiency: The production of these papers often requires less energy compared to manufacturing plastic packaging materials.
- Renewable Sources: With a focus on renewable materials, the industry contributes to a circular economy that minimizes resource depletion.
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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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.
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