Functional And Barrier Coatings For Paper Market
Functional and Barrier Coatings for Paper Market Forecasts to 2030 - Global Analysis By Coating Type (Pigment Coating, UV Coating, Wax Coating, Poly Coating and Other Coating Types), Substrate Type, Functionality, Application, End User and By Geography
According to Stratistics MRC, the Global Functional and Barrier Coatings for Paper Market is accounted for $2.2 billion in 2024 and is expected to reach $4.1 billion by 2030 growing at a CAGR of 10.7% during the forecast period. Functional and barrier coatings for paper are specialized treatments applied to enhance paper's properties, making it suitable for various applications. These coatings can impart water resistance, oil and grease resistance, and improve printability. They also serve as barriers to moisture, oxygen, and other contaminants, extending the paper's durability and functionality. Commonly used in packaging, these coatings ensure product protection, improve shelf life, and maintain the integrity of the packaged goods.
Market Dynamics:
Driver:
Growing demand for sustainable packaging
The growing demand for sustainable packaging is driving innovation in the market. Consumers and businesses increasingly prioritize eco-friendly solutions, leading to a surge in the development of coatings that enhance paper's functionality while maintaining recyclability. This shift is fueled by heightened environmental awareness and regulatory pressures, encouraging manufacturers to adopt sustainable materials and technologies. Consequently, the market is witnessing a notable increase in the adoption of biodegradable and compostable coatings, aligning with global sustainability goals.
Restraint:
Technical challenges
The market faces several technical challenges, including achieving optimal barrier properties against moisture, oxygen, and grease while maintaining recyclability and biodegradability. Developing coatings that are cost-effective, easily applicable, and compatible with high-speed manufacturing processes is complex. Additionally, ensuring the coatings do not negatively affect the printability or the aesthetic quality of the paper adds to the difficulty. Innovations are needed to balance performance, environmental impact, and production efficiency.
Opportunity:
Innovation in coatings
Innovations in the paper coatings market focus on enhancing sustainability and functionality. Developments include bio-based and recyclable coatings to reduce environmental impact, and advanced barrier coatings that improve resistance to moisture, oil, and grease. Additionally, smart coatings are being designed to enable features such as antimicrobial properties and improved printability. These innovations cater to rising consumer demand for eco-friendly products and versatile, high-performance paper solutions in packaging, printing, and specialty paper applications.
Threat:
High cost
The high cost of functional and barrier coatings for the paper market is driven by advanced technology and materials required to enhance paper properties. These coatings provide essential benefits such as moisture resistance, grease resistance, and improved printability. However, the development and application of these sophisticated coatings involve significant research and development expenses, specialized machinery, and high-quality raw materials, all of which contribute to their elevated cost.
Covid-19 Impact:
The COVID-19 pandemic significantly impacted the market. Disruptions in the supply chain, fluctuations in raw material availability, and labor shortages led to production delays. Additionally, the increased demand for packaged goods and hygiene products accelerated the need for advanced coating solutions to ensure product safety and longevity. Consequently, while some segments faced challenges, the overall market saw growth driven by heightened awareness of food safety and sustainable packaging solutions.
The wax coating segment is expected to be the largest during the forecast period
The wax coating is expected to be the largest during the forecast period. It provides moisture resistance, grease resistance, and improves the durability of paper products. Wax coatings are widely used in packaging applications, especially for food products, to ensure freshness and prevent contamination. The demand for wax-coated paper is driven by its cost-effectiveness and excellent barrier properties, making it a popular choice among manufacturers and end-users alike.
The oxygen segment is expected to have the highest CAGR during the forecast period
The oxygen segment is expected to have the highest CAGR during the forecast period. These coatings enhance the functionality and protective qualities of paper, making it suitable for food and beverage packaging by preventing oxygen ingress and prolonging shelf life. Innovations in biodegradable and recyclable materials are further propelling market expansion. Key players are investing in R&D to improve coating performance while adhering to environmental regulations, thereby catering to eco-conscious consumers and industries.
Region with largest share:
North America is projected to hold the largest market share during the forecast period. Innovations in biodegradable and recyclable coatings are driving market expansion, catering to industries like food and beverage, and consumer goods. Stringent environmental regulations and consumer preference for eco-friendly products are propelling advancements in coating technologies. The region's robust manufacturing sector and investment in research and development further support market dynamics and adoption of advanced coating solutions.
Region with highest CAGR:
Asia Pacific is projected to hold the highest CAGR over the forecast period. Increased consumer awareness regarding environmental sustainability has driven demand for eco-friendly packaging solutions. Barrier coatings that are biodegradable and compostable are particularly sought after. The expanding food and beverage sector, especially the processed food industry, requires packaging materials that offer superior barrier properties to maintain product freshness and safety. This drives the demand for functional coatings.
Key players in the market
Some of the key players in Functional and Barrier Coatings for Paper market include Dow Chemical Company, BASF SE, Solvay SA, Akzo Nobel N.V., Evonik Industries AG, Michelman, Inc., Ashland Global Holdings Inc., Wacker Chemie AG, Omya International AG, Eastman Chemical Company, Clariant AG, Sun Chemical Corporation, Nippon Paper Industries Co., Ltd., Croda International Plc, Buckman Laboratories International, Inc., Arkema Group, Huntsman Corporation, Ferro Corporation, Daikin Industries, Ltd.
Key Developments:
In June 2024, Evonik’s new TEGO® Guard 9000 for exterior and facade paints wins Ringier Technology Innovation Award. The jury praised Evonik’s new technology, which improves the stabilization of paint ingredients in facade coatings directly after application, providing almost immediate protection against weathering.
In April 2024, Evonik and the University of Mainz have signed a license agreement to commercialize randomized polyethylene glycols (rPEGs), a new class of PEGs. Evonik intends to use rPEGs for its platform of specialized lipids and commercialize the excipients under the license agreement to meet customer and market needs.
Coating Types Covered:
• Pigment Coating
• UV Coating
• Wax Coating
• Poly Coating
• Other Coating Types
Substrate Types Covered:
• Paperboard
• Flexible Packaging
• Corrugated Board
Functionalities Covered:
• Moisture
• Grease
• Oxygen
• Antimicrobial
• Release
• Conductive
Applications Covered:
• Food Packaging
• Medical Packaging
• Labeling and Printing
• Specialty Papers
• Disposable Products
• Other Applications
End Users Covered:
• Food and Beverage
• Healthcare
• Industrial
• Cosmetics and Personal Care
• Pharmaceuticals
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Functional and Barrier Coatings for Paper Market, By Coating Type
5.1 Introduction
5.2 Pigment Coating
5.3 UV Coating
5.4 Wax Coating
5.5 Poly Coating
5.6 Other Coating Types
6 Global Functional and Barrier Coatings for Paper Market, By Substrate Type
6.1 Introduction
6.2 Paperboard
6.3 Flexible Packaging
6.4 Corrugated Board
7 Global Functional and Barrier Coatings for Paper Market, By Functionality
7.1 Introduction
7.2 Moisture
7.3 Grease
7.4 Oxygen
7.5 Antimicrobial
7.6 Release
7.7 Conductive
8 Global Functional and Barrier Coatings for Paper Market, By Application
8.1 Introduction
8.2 Food Packaging
8.3 Medical Packaging
8.4 Labeling and Printing
8.5 Specialty Papers
8.6 Disposable Products
8.7 Other Applications
9 Global Functional and Barrier Coatings for Paper Market, By End User
9.1 Introduction
9.2 Food and Beverage
9.3 Healthcare
9.4 Industrial
9.5 Cosmetics and Personal Care
9.6 Pharmaceuticals
9.7 Other End Users
10 Global Functional and Barrier Coatings for Paper Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Dow Chemical Company
12.2 BASF SE
12.3 Solvay SA
12.4 Akzo Nobel N.V.
12.5 Evonik Industries AG
12.6 Michelman, Inc.
12.7 Ashland Global Holdings Inc.
12.8 Wacker Chemie AG
12.9 Omya International AG
12.10 Eastman Chemical Company
12.11 Clariant AG
12.12 Sun Chemical Corporation
12.13 Nippon Paper Industries Co., Ltd.
12.14 Croda International Plc
12.15 Buckman Laboratories International, Inc.
12.16 Arkema Group
12.17 Huntsman Corporation
12.18 Ferro Corporation
12.19 Daikin Industries, Ltd.
List of Tables
1 Global Functional and Barrier Coatings for Paper Market Outlook, By Region (2022-2030) ($MN)
2 Global Functional and Barrier Coatings for Paper Market Outlook, By Coating Type (2022-2030) ($MN)
3 Global Functional and Barrier Coatings for Paper Market Outlook, By Pigment Coating (2022-2030) ($MN)
4 Global Functional and Barrier Coatings for Paper Market Outlook, By UV Coating (2022-2030) ($MN)
5 Global Functional and Barrier Coatings for Paper Market Outlook, By Wax Coating (2022-2030) ($MN)
6 Global Functional and Barrier Coatings for Paper Market Outlook, By Poly Coating (2022-2030) ($MN)
7 Global Functional and Barrier Coatings for Paper Market Outlook, By Other Coating Types (2022-2030) ($MN)
8 Global Functional and Barrier Coatings for Paper Market Outlook, By Substrate Type (2022-2030) ($MN)
9 Global Functional and Barrier Coatings for Paper Market Outlook, By Paperboard (2022-2030) ($MN)
10 Global Functional and Barrier Coatings for Paper Market Outlook, By Flexible Packaging (2022-2030) ($MN)
11 Global Functional and Barrier Coatings for Paper Market Outlook, By Corrugated Board (2022-2030) ($MN)
12 Global Functional and Barrier Coatings for Paper Market Outlook, By Functionality (2022-2030) ($MN)
13 Global Functional and Barrier Coatings for Paper Market Outlook, By Moisture (2022-2030) ($MN)
14 Global Functional and Barrier Coatings for Paper Market Outlook, By Grease (2022-2030) ($MN)
15 Global Functional and Barrier Coatings for Paper Market Outlook, By Oxygen (2022-2030) ($MN)
16 Global Functional and Barrier Coatings for Paper Market Outlook, By Antimicrobial (2022-2030) ($MN)
17 Global Functional and Barrier Coatings for Paper Market Outlook, By Release (2022-2030) ($MN)
18 Global Functional and Barrier Coatings for Paper Market Outlook, By Conductive (2022-2030) ($MN)
19 Global Functional and Barrier Coatings for Paper Market Outlook, By Application (2022-2030) ($MN)
20 Global Functional and Barrier Coatings for Paper Market Outlook, By Food Packaging (2022-2030) ($MN)
21 Global Functional and Barrier Coatings for Paper Market Outlook, By Medical Packaging (2022-2030) ($MN)
22 Global Functional and Barrier Coatings for Paper Market Outlook, By Labeling and Printing (2022-2030) ($MN)
23 Global Functional and Barrier Coatings for Paper Market Outlook, By Specialty Papers (2022-2030) ($MN)
24 Global Functional and Barrier Coatings for Paper Market Outlook, By Disposable Products (2022-2030) ($MN)
25 Global Functional and Barrier Coatings for Paper Market Outlook, By Other Applications (2022-2030) ($MN)
26 Global Functional and Barrier Coatings for Paper Market Outlook, By End User (2022-2030) ($MN)
27 Global Functional and Barrier Coatings for Paper Market Outlook, By Food and Beverage (2022-2030) ($MN)
28 Global Functional and Barrier Coatings for Paper Market Outlook, By Healthcare (2022-2030) ($MN)
29 Global Functional and Barrier Coatings for Paper Market Outlook, By Industrial (2022-2030) ($MN)
30 Global Functional and Barrier Coatings for Paper Market Outlook, By Cosmetics and Personal Care (2022-2030) ($MN)
31 Global Functional and Barrier Coatings for Paper Market Outlook, By Pharmaceuticals (2022-2030) ($MN)
32 Global Functional and Barrier Coatings for Paper Market Outlook, By Other End Users (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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