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Functional and Barrier Coating for Paper- A flexible and cost-efficient method to transport and protect a wide array of items
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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).
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.
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.
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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.
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.
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