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Between 2022 and 2029, the global barrier coated papers market is estimated to grow at a CAGR of 4.5 percent, reaching US$ 6.6 billion.
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 4.5% during 2022 – 2029, a new Future Market insights (FMI) report anticipates the market to receive a major boost from food, consumer electronics, and retail industry.
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.
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 Segments Covered in Barrier Coated Papers Industry Research
By Coating :Water-based Coating// Solvent-based Coating// Wax Coating
By Material :Paper// Plastic
By End-user : Food// Beverages// Cosmetic & Personal Care// Pharmaceuticals// Building & Construction// Electrical & Electronics// Tobacco Packaging
Amazon Chem has also been actively developing products and solutions for paper packaging coatings. A number of projects are already in progress. If you have more ideas and plans, welcome to communicate with us.
