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PRESS RELEASE
Published June 7, 2023
Newly-released data on barrier paper shows that the global barrier paper market experienced year-on-year (YoY) growth of 4.5% to reach a market size of US$ 2.7 billion at the end of 2021. Worldwide revenue from the sales of barrier paper is projected to touch US$ 4.5 billion by 2032 as demand for barrier paper increases steadily at 4.6% CAGR over the decade.
The food and beverage sector is expected to create the highest demand for barrier paper, currently enjoying 46% market share in terms of value.
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Key Takeaways of Barrier Paper Market
- Increasing Demand for Sustainable Packaging: The barrier paper market is experiencing significant growth due to the rising demand for sustainable packaging solutions. Barrier paper offers an eco-friendly alternative to traditional plastic packaging, as it is biodegradable, compostable, and derived from renewable resources. Consumers and companies alike are increasingly prioritizing environmentally friendly packaging options, driving the adoption of barrier paper.
- Growing Awareness of Food Safety: With increasing concerns about food safety and quality, there is a growing need for packaging materials that provide effective barrier properties. Barrier paper offers excellent moisture resistance, grease resistance, and aroma retention, making it ideal for packaging sensitive food products such as snacks, confectionery, and ready-to-eat meals. The market is witnessing a surge in demand from the food and beverage industry as it seeks to maintain product freshness and extend shelf life.
- Shift Towards Circular Economy: The barrier paper market is aligned with the global shift towards a circular economy. As governments and organizations strive to reduce waste and promote recycling, barrier paper emerges as a sustainable packaging solution that can be easily recycled and incorporated into the existing recycling infrastructure. This aspect is driving the adoption of barrier paper by various industries and bolstering market growth.
- Advancements in Barrier Coating Technologies: Innovations in barrier coating technologies have significantly enhanced the performance of barrier paper. Advanced coatings, such as biodegradable coatings, PLA (polylactic acid) coatings, and mineral oil barrier coatings, provide improved barrier properties, ensuring the integrity and protection of packaged goods. These advancements are expanding the applications of barrier paper and attracting the attention of manufacturers and end-users.
- Emerging Opportunities in E-commerce and Retail Sectors: The growing e-commerce sector and the increasing preference for online shopping have created new opportunities for the barrier paper market. E-commerce companies are seeking sustainable packaging solutions that offer protection during transportation and delivery. Barrier paper, with its excellent barrier properties and eco-friendly nature, is gaining traction in this sector. Additionally, retailers are also incorporating barrier paper packaging for their private label products to align with consumer preferences and sustainability goals.
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Competition Landscape
Key manufacturers of barrier paper are using various innovative ways to directly reach their end-user industries. Large-scale players are focusing on emerging markets of developing economies, which presents a lot of opportunities to raise the financial growth rate. Also, the food and beverage segment is set to generate high demand for barrier paper over the coming years.
Fact.MR has given in-depth information about the various strategies used by players in the barrier paper market, along with sales analysis of barrier paper, top barrier paper manufacturers, top coated barrier paper suppliers, and SWOT analysis and sales generated by top barrier paper manufacturers positioned across geographies.
Key Companies Profiled:
- Mitsubishi Hitec Paper
- UPM speciality paper
- Pudumjee
- Mondi group
- AR Packaging
- Koehler paper
- Nine Dragons Paper Holdings
- Toppan
- Sappi
- Nippon Paper
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Segmentation of Barrier Paper Industry Research
- By Printing Method :
- By Thickness (ISO 534) :
- 0 to 50 µm
- 51 to 75 µm
- 75 to 100 µm
- By Coating Type :
- Coated
- Both Sided Coated
- One Side Coated
- Uncoated
- Coated
- By Application :
- Bags
- Laminates
- Pouches
- Sachets
- Sacks
- Wraps
- Others
Key Questions Covered in the Barrier Paper Market Report
- What is the projected value of the Barrier Paper factors Industry in 2022?
- At what rate will the global Barrier Paper factors market size grow until 2032?
- Which are the factors hampering the growth of Barrier Paper factors?
- Which region is expected to lead in the global Barrier Paper factors market by 2032?
- Which are the factors driving the Barrier Paper factors Industry during the forecast period?
- What is the expected market value of the Barrier Paper factors market during the forecast period?
Regional Analysis for Barrier Paper Market:
- APAC (Japan, China, South Korea, Australia, India, and the rest of APAC; the rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
- Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
- North America (USA, Canada and Mexico)
- South America (Brazil, Chile, Argentina, Rest of South America)
- MEA (Saudi Arabia, United Arab Emirates, South Africa)
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This Press Release has been written with the intention of providing accurate market information which will enable our readers to make informed strategic investment decisions. If you notice any problem with this content, please feel free to reach us on [email protected]
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