In the present times, one of the key concerns in the food & beverages industry is prevention of food wastage. Hence, manufacturers in the functional and barrier coatings for paper market are developing innovative barrier papers that help to reduce food wastage. For instance, Mitsubishi Hitec Paper Europe – a provider of specialty papers has gained expertise in ‘barricote barrier’ that are unique barrier papers extensively used in flexible packaging.
In terms of end use, the food segment of the functional and barrier coatings for paper market is estimated to reach an output of ~482,900 tons by the end of 2027. Thus, it is inevitable for manufacturers in the functional and barrier coatings for paper market to gain increased expertise in sustainable raw materials that prevent food wastage.
Unique barrier papers are gaining popularity for protection against vapor, aroma, and mineral oil migration. Companies in the functional and barrier coatings for paper market are increasing production capacities to produce fully recyclable barrier papers.
Companies in the functional and barrier coatings for paper market are looking beyond linear economy models, and are increasing efforts to fight plastic waste. For instance, Japanese manufacturer of materials, Kuraray, revealed that the company is aiming to fight plastic waste by introducing environment-friendly packaging with barrier coatings, such as EXCEVAL™ to increase the availability of packaging solutions for the paper industry.
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Since plastic is causing strain on the environment, manufacturers in the functional and barrier coatings for paper market are introducing innovative packaging materials to address this issue. The aim to achieve reusable and recyclable plastic packaging by 2030 in the European Union is garnering the attention of manufacturers in the functional and barrier coatings for paper market. Thus, to create solutions in the current scenario, manufacturers are leveraging the advantages of specialty papers to contribute toward environment-friendly packaging solutions. Manufacturers in the functional and barrier coatings for paper market are increasing research efforts to develop high-performance barrier coatings using copolymers as a potential alternative to conventional plastic materials.
Fiber-based Systems Use Repulpable Paper to Offer Unique Packaging Solutions
Repulpable paper packaging is another concern for manufacturers in the functional and barrier coatings for paper market. Renewed focus on paper materials has increased awareness about eco-friendly fiber-based solutions that are replacing plastic straws, disposable cups, bottles, and the likes. Companies in the functional and barrier coatings for paper market are increasing their efficacy in technologies that replace paraffin wax in paper materials and are exploring techniques that replace fluorocarbon for grease barriers in food-service applications.
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Key indicators associated with the functional and barrier coatings for paper market have been evaluated thoroughly in the report. The study highlights vital market dynamics – drivers, challenges, trends, and opportunities in the functional and barrier coatings for paper market. A comprehensive study on the supply chain of the functional and barrier coatings for paper market has also been included in this report.
Other key aspects studied in the functional and barrier coatings for paper market include pricing strategies of leading market players. Furthermore, forecast factors and the forecast scenario of the functional and barrier coatings for paper market have been covered in the report to understand future prospects of the market.
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A comprehensive evaluation and forecast on the functional and barrier coatings for paper market have been provided on the basis of coating type, application, end use, and region. The report also presents imperative numbers such as historical and forecast size of various segments of the functional and barrier coatings for paper market.
Y-o-Y growth comparison, volume and revenue comparison, and market share comparison of the various market segments have been delivered in this report. The functional and barrier coatings for paper market has been analyzed at both regional and country levels.
