Transparency
Market Research Added A New Report "Functional
and Barrier Coating for Paper Market". Paper is used in
a wide range of packaging applications as it is biodegradable and,
thus, perfectly safe for the environment. Paper-based packaging are
indispensable components of modern life and play an important role in
the handling and transportation of food and consumer products. It is
a flexible and cost-efficient method to transport and protect a wide
array of items in paper-packaged containers. Paper packaging offers
various advantages, such as it is lightweight and easy to customize
as per requirements; however, the marketplace has a clear need for
more functionalities in barrier technologies, which could make them
sustainable and recyclable (through the usage of metal-free and
waste-reducing solutions).
Barrier coatings are
functional coatings, which reduce the flow of a fluid. Barrier
coating is applied to a paper, paperboard, or corrugated board
substrates in order to facilitate effective resistance to water,
grease, moisture, and gases under a wide range of conditions and
temperature. Barrier coating requires low coat weight as compared to
other coatings and it is more effective when multiple layers of
barrier coating are applied on the substrate. Barrier coating is the
main element in the concerned efforts taken by the packagers to
optimize protection, odor control, and prolongation of the product
shelf life. Paper is generally coated with organic liquids such as
Polyvinylidene Chloride (PVdC), Ethylene Vinyl Alcohol (EVOH),
Acrylics, Polyvinyl Alcohol (PVOH), silicon oxide, aluminum oxide,
polyethylene, polyolefin and inorganic sol-gel, and biodegradable
polymers such as Polyethylene Glycol (PEG). It can be easily
dispersed in water and offers self-crosslinking, edge wicking
resistance, and resistance to external media. It can be customized as
per requirement, as it helps control humidity control, sealing
properties, airtightness, light protection, oxygen permeability,
aroma barrier, heat resistance, peel-ability, grease-proofing, etc.
Evolving life style
of consumers, increasing health and environmental awareness, and
supportive environmental policies implemented by various governments
across the globe for food contact paper, are the major factors
responsible for the increasing global demand for functional and
barrier coating for paper that ensures greater protection of the
content and reduces the need for preservatives. This in turn has been
leading to the continuous growth of the market for functional and
barrier coating for paper. Owing to its value added applications,
such as protection of food, enhancement of paper gloss, and
transparency, the market for functional and barrier coating for
paper, is expected to create significant growth and investment
opportunities for players operating in the market, especially in the
developing countries. Besides, the market for functional and barrier
coating for paper is expected to continue to grow steadily in
developed nations, wherein the consumer demand for packaged food and
medicine would always prevail. The main growth drivers for the market
are local packaging firms, big brands, and retailers, who are more
focused on delivering the products in the local market.
However, there are
few challenges, such as increasing recycling of barrier-coated paper,
which could restrain growth of market for functional and barrier
coating for paper in the coming years. The growth opportunity for
players in this market lies in bringing new product innovation, such
as functional and barrier coating with antibacterial properties and
ease of recycling.
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Report Copy :
The global market
for functional and barrier coating for paper is segmented based on
material, product type, and end users. By material of manufacturing,
the global market for functional and barrier coating for paper is
segmented into conventional plastic coating, biodegradable coating,
and others. By type, it is segmented into water resistance, gas
resistance, heat resistance, and others. By end users, the global
market for functional and barrier coatings for paper is segmented
into food & beverage industries, pharmaceutical industries, and
others.
By geography, the
global functional and barrier coating for paper market has been
classified into seven key regions, namely North America, Latin
America, Eastern Europe, Western Europe, Asia-Pacific excluding
Japan, the Middle East & Africa, and Japan. The global market
for functional and barrier coating for paper is anticipated to expand
at a double digit CAGR over the forecast period. Asia Pacific market
is expected to be the most attractive market due to rise in end use
applications of the packaging type in the region. Japan is
continuously improving its packaging methods through diverse
research, and thus is regarded as one of the largest market for
functional and barrier coating for paper in the world. North America,
followed by Western Europe, are the other prominent regions projected
to hold a promising future growth potential in the functional and
barrier coating for paper market by the end of 2026.
Some of the key
players in the global market for functional and barrier coating for
paper are The Dow Chemical Company (Dow Packaging), Akzo Nobel N.V.,
Cork Industries, Inc., Kuraray Co. Limited, Imerys Pigments, Paramelt
B.V., Solvay S.A., ACTEGA Terra, Mondi Corporate, Synthetic Natural
Polymers, Michelman Inc. etc.
The report offers a
comprehensive evaluation of the market. It does so via in-depth
qualitative insights, historical data, and verifiable projections
about market size. The projections featured in the report have been
derived using proven research methodologies and assumptions. By doing
so, the research report serves as a repository of analysis and
information for every facet of the market, including but not limited
to: Regional markets, technology, types, and applications.
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