Find Out with FMI How Government’s Crackdown on Plastic Usage is Making Europe a Remunerative Region for Barrier Coated Paper Manufacturers!
According to Future Market Insights, the Europe barrier-coated paper market is set to cross a valuation of US$ 1.9 billion in 2023, with overall sales accelerating at 3.2% CAGR throughout the forecast period. In 2023, the market is likely to be valued at US$ 1.3 billion.
Growing demand for flexible and biodegradable packaging materials across food, electronics, pharmaceutical, cosmetics, and several other industries is expected to drive Europe’s barrier coated paper market during the forecast period.
In recent years, there has been a drastic change in the usage of material types for flexible packaging designs. Flexible packaging manufacturers are rapidly shifting from plastic material to paper for several uses. Usage of flexible paper packaging has generated a necessity for enhanced barrier protection in several end-use products.
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Flexible paper with barrier coating offers features such as recyclability and light weight. It also provides enhanced visual appeal of the product, which can augment product branding. Thanks to its various attractive features, barrier coated paper is being extensively used in packaging and printing applications across European countries. This will continue to provide impetus to the development of Europe barrier coated paper market.
Growing innovation in packaging machinery and speedy shift of manufacturers towards barrier coated papers will positively influence Europe’s barrier coated paper industry during the assessment period.
Development of different specifications of coatings is another factor expected to create growth prospects for the barrier coated paper market across Europe during the next ten years.
Coating producers are rigorously investing in research and development related to development of wax-based coatings and antimicrobial coatings. Similarly, new bio-based coatings are being developed to meet changing end user demand. This will further aid in the expansion of the Europe barrier coated paper market size.
Key Takeaways
“Introduction of barrier coated paper made from bio-based materials and coatings will help key barrier coated paper manufacturers across Europe to significantly expand their customer base,” says an FMI analyst.
Demand for Barrier Coated Paper Packaging to Amplify with Increasing Consumption of Packed Food in Europe
A significant increase in modern retail formats such as supermarkets, convenience stores, and hypermarkets has been seen in the last few years across Europe. Increasing innovation in packaging technology and rapid shift toward consumption of packaged foods in nations such as the United Kingdom, Germany, France, and Italy are expected to drive demand for barrier coated paper packaging products.
Further, growing awareness of environmental-friendly packaged food solutions will create growth opportunities for barrier coated paper manufacturers across Europe.
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Who is Winning?
Few of the prominent players operating in the Europe barrier coated papers market are Paramelt B.V., Toppan Inc, Mondi plc, Mitsubishi Hitec Paper Europe, Huhtamäki Oyj, UPM Specialty Papers Oy, AR Packaging, Koehler Paper, Krpa Paper, Billerud AB, Nissha Metallizing Solutions, West Rock, Ahlstrom-Munksjö Oyj, Nippon Paper Group, and Nordic Paper AS. among others.
Europe Barrier Coated Paper Market Report
Future Market Insights, in its new report, offers a neutral analysis of the Europe barrier coated paper market, analyzing historical demand for barrier coated paper from 2018 to 2022 and projection data for 2023 to 2033. The report unknots growing projections of the barrier coated papers market based on material (paper, plastic, others), coating type (water-based, solvent-based, and wax coatings), application (printing, packaging), and end-user (food, beverages, cosmetic & personal care, pharmaceuticals, building & construction, electrical & electronics, tobacco packaging, consumer goods) across European countries.
About the Packaging Division at Future Market Insights
The Packaging division at Future Market Insights provides an in-depth historical analysis and granular projections for the next ten years and covers the competition landscape through a unique dashboard view. Ranging from packaging materials, packaging machinery to packaging designs & formats, Future Market Insights has an exhaustive database for these industry verticals, serving clients with our unique research offerings and strategic recommendations. With a repository of 1,000+ reports, the team has analyzed the packaging industry comprehensively in 50+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can help.
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Europe Barrier Coated Paper Industry by Category
By Material:
o PE
o PP
o PDVC
o PET
o Bio-based Plastic
By Coating:
By Application:
o Cups & Lids
o Trays
o Boxes & Cartons
o Pouches & Sachets
o Labels
o Blisters & Clamshells
o Wraps
o Tapes
By End User:
By Country:
About FMI Future Market Insights (ESOMAR-certified market research organization and a member of the Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
Apr 06, 2023
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