Barrier Coated Papers Market Set to Soar: Predicted Valuation of US$ 7,571.9 Million by 2033

Introduction

In the realm of packaging materials, the Barrier Coated Papers Market has emerged as a game-changer. As the demand for sustainable and effective packaging solutions continues to rise, this market has witnessed significant growth and innovation. From enhancing product shelf life to preserving freshness, barrier coated papers have revolutionized the way we package and protect goods. In this article, we will delve deep into the dynamics of the Barrier Coated Papers Market, exploring its applications, advantages, and future prospects.

Barrier Coated Papers Market: An Overview

Barrier Coated Papers Market encapsulates a range of specially treated paper products designed to offer enhanced protection and preservation capabilities. These papers are coated with various barrier materials, such as polymers or aluminum, to create a shield against external factors like moisture, gases, and UV light. The market's primary focus is on catering to industries that require optimal packaging solutions for perishable and sensitive products.

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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Key Takeaways of Barrier Coated Papers Market Study

1. 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.
2. 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.
3. 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.
4. 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.
5. 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

1. Stora Enso Oyj.,
2. UPM-Kymmene Oyj,
3. Sappi Ltd.,
4. Billerudkorsnas AB, and
5. 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.

1. 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.
2. 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.

Competitive Landscape

The global barrier coated papers market players are into both - organic and inorganic expansion to make their presence felt herein. Companies like Empower 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.

1. Stora Enso, in November 2019, inked a strategic collaboration with HSMG (HS Manufacturing Group) for developing the former's formed fiber offering.
2. Sonoco Products Company, in May 2019, did invest US$ 17 Million 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:

1. 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.
2. Biodegradability: Many Barrier Papers are biodegradable, breaking down naturally and leaving behind minimal ecological footprint.
3. Energy Efficiency: The production of these papers often requires less energy compared to manufacturing plastic packaging materials.
4. Renewable Sources: With a focus on renewable materials, the industry contributes to a circular economy that minimizes resource depletion.

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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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Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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