Barrier Coated Papers Market is anticipated to witness a CAGR of 4.5% during 2022 to 2029

Barrier-coated papers, also known as laminated papers, are paper products that have been coated with a barrier layer to protect them from moisture, grease, and other liquids. This type of paper is commonly used in packaging applications, such as for food and beverage products, pharmaceuticals, and industrial goods.

The global barrier-coated papers market is anticipated to reach US$ 6.6 billion by 2029, growing at a 4.5% CAGR between 2022 and 2029. During the forecast period of 2022-2029, the barrier-coated papers market is expected to grow at a CAGR of 4.5% in terms of value. The global barrier-coated papers market is likely to benefit from increased demand for flexible packaging forms and sustainability.

According to a recent market research report, the global barrier-coated papers market is expected to grow at a CAGR of 4.5% during the forecast period from 2021 to 2028. This growth is driven by increasing demand for packaged food and beverage products, as well as the growing use of barrier coated papers in the pharmaceutical and industrial sectors.

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One of the key trends driving the growth of the barrier-coated papers market is the increasing demand for sustainable packaging solutions. Barrier-coated papers are a more environmentally friendly alternative to plastic and other synthetic packaging materials, as they are biodegradable and can be recycled. Additionally, many companies are now looking for ways to reduce their carbon footprint and improve their sustainability, which is driving demand for barrier coated papers.

Another key trend driving the growth of the barrier coated papers market is the increasing demand for convenience packaging. Consumers today are looking for packaging that is easy to use, open, and reseal, which is driving demand for barrier coated papers with features such as zippers, tear notches, and re-closable lids.

The market for barrier coated papers is segmented by application into food and beverage, pharmaceuticals, and industrial goods. The food and beverage segment is expected to hold the largest share of the market during the forecast period, due to the increasing demand for packaged food and beverage products. The pharmaceuticals segment is also expected to grow at a significant CAGR during the forecast period, driven by the growing use of barrier coated papers in packaging for pharmaceutical products.

The market for barrier coated papers is also segmented by product type into polyethylene (PE), polypropylene (PP), and others. The polyethylene segment is expected to hold the largest share of the market during the forecast period, due to its excellent moisture and grease resistance properties. The polypropylene segment is also expected to grow at a significant CAGR during the forecast period, driven by its superior strength and flexibility properties.

The market for barrier coated papers is further segmented by region into North America, Europe, Asia Pacific, and Rest of the World. The Asia Pacific region is expected to hold the largest share of the market during the forecast period, due to the increasing demand for packaged food and beverage products in countries such as China and India. North America and Europe are also expected to witness significant growth during the forecast period, driven by the growing use of barrier coated papers in the pharmaceutical and industrial sectors.

Overall, the global barrier coated papers market is expected to grow at a steady pace during the forecast period, driven by increasing demand for sustainable packaging solutions and convenience packaging. Companies operating in the market are expected to focus on developing new and innovative products to meet the changing demands of consumers and stay ahead of the competition.

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.

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 the 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.

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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What to Expect in Our Report?

(1) A complete section of the Global Barrier Coated Papers market report is dedicated for market dynamics, which include influence factors, market drivers, challenges, opportunities, and trends.

(2) Another broad section of the research study is reserved for regional analysis of the Global Barrier Coated Papers market where important regions and countries are assessed for their growth potential, consumption, market share, and other vital factors indicating their market growth.

(3) Players can use the competitive analysis provided in the report to build new strategies or fine-tune their existing ones to rise above market challenges and increase their share of the Global Barrier Coated Papers market.

(4) The report also discusses competitive situation and trends and sheds light on company expansions and merger and acquisition taking place in the Global Barrier Coated Papers market. Moreover, it brings to light the market concentration rate and market shares of top three and five players.

(5) Readers are provided with findings and conclusion of the research study provided in the Global Barrier Coated Papers Market report.

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