Reports and Insights predicts that the global barrier coated papers market is expected to grow at a CAGR of 5.0% during the forecast period from 2022 to 2030. Furthermore, the total value of the global barrier coated papers market is slated to reach US$ 7,038.0 Mn by 2030, rising from US$ 4,957.9 Mn in 2022.
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Manufacturers are setting an example and investing more in R&D to create water-based barrier coatings to encourage sustainability to raise awareness about laws in the Indian barrier coatings for the paper market. Traditional plastic bags and cups are being replaced by these inventive solutions.
Due to a greater emphasis on flexibility across all industries, paperboard packaging is becoming more and more common. Due to their affordability and water resistance, packaging industries favor polystyrene and other polymers. These materials, however, have a significant negative environmental impact, so they are being replaced by paper-based formats with water- or solvent-based coatings and cutting-edge product designs.
Barrier-coated papers are expected to become more popular all over the world due to their eco-friendly features.
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Market Report Outlook:
This report on the global barrier coated papers market aims to discuss market dynamics, including market drivers, potential threats and challenges to the market, global barrier coated papers market opportunities for the major players, global barrier coated papers market trends, market segmentation outlook, regional outlook, global barrier coated papers market size, market forecast, market share, as well as the major players operating in the global barrier coated papers market.
Barrier Coated Papers Market: Dynamics
To replace polymer coatings made of petroleum, manufacturers of barrier-coated papers are working nonstop to create bio-based products. About boosting efficiency and cost-viability in the coating process, these advanced coating technologies, such as slide covering and curtain processes, are anticipated to generate a wealth of prospects.
Food packaging will command center stage. To lessen environmental risks and the massive waste produced by employing single-use packaging items, those involved in the food packaging industry are working to provide sustainable packaging alternatives. As a result, the usage of plastic films for food packaging has drastically decreased, which has aided producers of barrier-coated papers in gaining market share in the food packaging industry.
By delivering food items in biodegradable packaging options such as barrier-coated paper, the key companies in the fast food business are strategically aiming to reduce their overall packaging waste. Barrier-coated paper producers can benefit financially from the food industry's strong need for environmentally friendly solutions.
Barrier Coated Papers Market: Regional Outlook
The important regional areas to comprehend the global expansion of the barrier coated papers market are North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.
Putting on the Hat of Dominance: The Asia-Pacific. Due to demands to preserve social distance as well as rising demand for ready-to-eat food and parcel delivery the Asia-Pacific region has recently also been picking up speed.
Another factor keeping the cash registers ringing in the market for barrier-coated papers in Asia-Pacific shortly is medical tourism.
Barrier-coated papers are in high demand in North America and Europe, especially as Quick Service Restaurants are making a comeback in the post-Covid-19 age. End users prefer home deliveries that also come with perfect packing to be safe.
Barrier Coated Papers Market: Key Players
The global players in the barrier-coated market are; Akzo Nobel N.V., ALTANA Group, BASF S.E., Cattie Adhesive Solutions Llc, CH-Polymers Oy, Coatings & Adhesives Corp, Cork Industries, Inc., Cortec Corporation, Dow Chemical Company, Follmann GmbH & Co. KG, Imerys Pigments, Koninklijke DSM NV, Kuraray Co. Limited, Lamberti S.p.A., Michelman, Inc., Mondi Corporate, Omnova Solutions Inc., Paramelt B.V, Sierra Coating Technologies LLC, Sonoco Products Company, Stora Enso, Stora Enso Oyj, and Synthetic Natural Polymers amongst others.
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Barrier Coated Papers Market: Segmentation Outlook
Data for growth projections and estimates are included in this study for the Components segment (Binders, Brightening Agent, Coating Pigments, Crosslinkers, Dispersants, Lubricants, Thickeners, and Water); for the Coating materials segment {Chitosan, Fluorine-Based Derivatives, Polyesters, Polyethylene, Polyethylene Terephthalate (PET), Polymethyl Pentane (PMP), Polypropylene, Polystyrene, PVC (Polyvinyl Chloride), Waxes}; for the barrier type segment {Gas/Aroma/Mineral Oil, Light, Liquid, Moisture/Water Vapour, Oil & Grease, Oxygen, and Others}; for the Coating segment (Solvent-Based Coating, Water-Based Coating, and Wax Coating); for the Application segment {Packaging (Consumer Products, Paper Based Food Packaging, Quick Serve Packaging), Digital Printing, Flexographic Printing, Gravure Printing)}; for the End-Use segment (Beverages, Building & Construction, Cosmetic & Personal Care, Electrical & Electronics, Food, Pharmaceuticals, Tobacco Packaging, and Others).
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