Barrier Coatings for Packaging Market: An Overview
Barrier coatings for packaging are frequently used to pack and seal the variety of industrial and non-industrial goods. There are number of packaging goods which required tight packaging and effective protection, including perishable goods and this, is where barrier Coatings for Packaging plays a crucial role. Barrier coatings for packaging provide better humidity control, enhance sealing properties, and high heat resistance.
Owing to such benefits, the barrier coatings for packaging are gaining immense popularity among the end-users. Oil, grease, and water corrode the material up to a great extent and therefore barrier coatings become essential for packaging. Barrier coatings for packaging are ideal packaging solutions as it maintains products integrity by providing the grease as well as waterproofing.
All these factors are likely to boost demand for barrier Coatings for Packaging during the upcoming years. Furthermore, barrier coatings for packaging are cost-effective & also require low processing cost and witnessing the substantial demand in various end-use industries such as food, beverage, chemical, pharmaceutical, and other industries.
Overall, the global viewpoint for barrier coatings for packaging market is expected to remain positive during the forecast period.
Barrier Coatings for Packaging Market: Dynamics
Prominent end-use industries such as food and beverage industries are generating a consistent demand for barrier coatings for packaging various formats such as clamshells, trays, jars, and others. Globally, the expansion of these industries coupled with the growing urban population led to an urgent demand for sustainable and cost-effective products.
Such factors are foreseen to create an astonishing demand for barrier coatings for packaging during the forecast period. Furthermore, the adoption of barrier coated papers for consumer goods and food & foodservice packaging is experiencing a considerable rise. This current trend of barrier coatings for paper packaging is contributing significantly to the barrier coatings for packaging market.
Prominent manufacturers are focusing towards the offering barrier coatings for packaging with enhanced properties such as high moisture vapor resistance, recyclability, and robust strength retention. Various end-use industries rapidly adopt barrier coatings for packaging with such characteristics. Overall, the global barrier coatings for packaging market is projected to expand with an outstanding CAGR during the forecast period.
Barrier Coatings for Packaging Market: Regional Outlook
Based on the geography, the barrier coatings for packaging market is categorized into North America, Latin America, Europe, South Asia, East Asia, and MEA regions. In terms of market dominance, prominent regions such as South Asia and Europe regions are dominating the global barrier coatings for packaging market extensively.
The consistent penetration of key industries such as food and pharmaceutical industries in these regions are likely to propel the demand for barrier coatings for packaging during the forecast period. In terms of demand and market growth, the East Asia region is anticipated to follow the South Asia Region during the next decade.
Additionally in the East Asia region, China is expected to be highly attractive regarding market share and growth rate. Furthermore, the striking adoption of highly sustainable and biodegradable barrier coatings in the North American region is accelerating the market growth considerably. On the other hand, consistent expansion of the food and beverage industry in the MEA region is pushing the barrier coatings for packaging market growth upwards.
Barrier Coatings for Packaging Market: Key Players
Some of the leading manufacturers of barrier coatings for packaging are Stora Enso, Teknos Group, Sierra CoatingTechnologies LLC, SchmidRhyner AG, CORK INDUSTRIES, Mondi PLC, Cattie Adhesives and other local manufacturers.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies
Barrier Coatings for Packaging Market: Segmentation
On the basis of coating type, the barrier coatings for packaging market is segmented into:
- PE coatings
- PP coatings
- PET coatings
- Metallized coating
- Paper coatings
- Others coatings
On the basis of end use industry, the barrier coatings for packaging market is segmented into:
- Personal Care & Cosmetics
On the basis of distribution channel, barrier coatings for packaging market is segmented into: