Functional and Barrier Coatings for Paper Market - Global Industry Analysis, Growth, Key Trends, Regional Assessment, and Forecast 2020 - 2030

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Functional and Barrier Coatings for Paper Market - Global Industry Analysis, Growth, Key Trends, Regional Assessment, and Forecast 2020 - 2030

Status : February, 2021 | Packaging

Report Digest


Functional and Barrier Coatings for Paper Market: Overview

The functional and barrier coatings for paper market is expected to witness promising growth across the assessment period of 2020-2030. The growing concerns about food wastage across the globe are anticipated to bring promising growth opportunities for the functional and barrier coatings for paper market during the forecast period. The extensive awareness about environmental conservation will further invite good growth opportunities for the functional and barrier coatings for paper market.

 Functional and barrier coatings offer a barrier to grease, vapors, oil, water, and others. This function helps in enhancing the printing quality of paper and paperboard products.

The utilization of functional and barrier coatings for paper in corrugated boxes, labels, tags, folding cartons, passport, visa papers, banknotes, tickets, voucher papers, stamp papers, lottery and gaming papers, disposable plates, trays, clamshells, cups, glasses, bowls, tubs, and others may bring tremendous growth prospects for the functional and barrier coatings for paper market.

On the basis of coating type, the functional and barrier coatings for paper market can be segmented into UV coating, wax coating (natural and synthetic wax coating), poly coating (vinyl coating, acrylic coating, epoxy coating, PET, polyolefin). End-users such as food and beverages, pharmaceuticals, banking, financial institutions, personal care, cosmetics, toiletries, and others are utilizing functional and barrier coatings for papers greatly, eventually increasing the growth rate.

Functional and Barrier Coatings for Paper Market: Notable Developments

The players in the functional and barrier coatings for paper market are investing heftily in research and development activities for deriving new formulations and upgrades in terms of quality. This aspect will offer more convenience to the end-users. Strategic collaborations such as mergers, acquisitions, joint ventures, and partnerships are a top priority for the players in the functional and barrier coatings for paper market.

Functional and Barrier Coatings for Paper Market: Key Players

Some well-established players in the functional and barrier coatings for paper market are:

  • BASF S.E.
  • Cortec Corporation
  • Michelman, Inc.
  • Sonoco Products Company
  • Stora Enso Oyj
  • Paramelt B.V.
  • Omnova Solutions Inc.

 Functional and Barrier Coatings for Paper Market: Key Trends

Food and Beverage Industry to Attract Considerable Demand

The food and beverages industry is expected to reign supreme in terms of demand across the functional and barrier coatings for paper market. The emergence of a busy and hectic routine with changing lifestyle patterns will influence the growth of the functional and barrier coatings for paper market to a great extent. Furthermore, the preference of the consumers toward affordable food packaging and see-through features may bring good growth opportunities for the functional and barrier coatings for paper market. 

Many individuals, especially from the millennial category may bring immense growth prospects for the functional and barrier coatings for paper market as they are the main consumers for quick and on-the-go food products.

Functional and Barrier Coatings for Paper Market: COVID-19 Impact

 In addition, the lockdown restrictions escalated the demand for quick food immensely. This factor increased the demand for functional and barrier coatings for paper in food products.

The stringent stay-at-home orders had a negative impact on the growth due to supply chain disruptions. Nevertheless, the relaxations provided by the governments of numerous countries may turn out to be a positive development and help in reviving the lost growth.

Functional and Barrier Coatings for Paper Market: Regional Perspective

The functional and barrier coatings for paper market in Asia Pacific may acquire a large growth-share across the forecast period of 2020-2030. The presence of a massive number of manufacturers and suppliers may prove to be a significant growth factor. Europe may obtain the second position in terms of regional growth during the assessment period of 2020-2030. 

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?