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Barrier Coated Flexible Paper Packaging Market Analysis by Coating (Water-Based, Solvent-Based, Wax, and Extrusion Coating); by Application {Packaging (Cups, Trays, Bags & Pouches, and Labels) and Printing}; and by End-User Industry (Food & Beverage, Building & Construction, Cosmetics, Pharmaceuticals, and Others)– Global Supply & Demand Analysis & Opportunity Outlook 2023-2033

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Inflation And Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

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Purchasing power in the couPurchasing power in the country is expected to fell nearly by 2.5%. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.                                                         Request Insights

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IN THE NEWS

  • BASF SE to facilitate neopentyl glycol and propionic acid that comes with zero carbon footprint. The products are launched at global scale as “PA ZeroPCF” and “NPG ZeroPCF” and developed by using renewable raw materials.
  • Solenis and Kolb Distribution Ltd to acquire the KLK Klob Group, a unit of Klob Distribution Ltd. The agreement between the companies has taken place in which the KLK Group has assigned the task to manufacture paper process chemicals.

Global Barrier Coated Flexible Paper Packaging Market Size, Forecast, and Trend Highlights Over 2023 - 2033

Base Year

2022

Forecast Year

2023-2033

CAGR

~4%

Base Year Market Size (2022)

~USD 5 Billion

Forecast Year Market Size (2033)

~USD 8 Billion

The global barrier coated flexible paper packaging market is estimated to garner revenue of ~USD 8 billion by the end of 2033 by growing at a CAGR of ~4% over the forecast period, i.e., 2023 – 2033. Further, the market generated revenue ~USD 5 billion in the year 2022. The growth of the market can be accounted to the higher demand for ready-to-eat meals across the globe. For instance, the value of ready-to-eat meals segment was estimated to hit approximately USD 55 billion in 2022 across the globe.

Barrier-Coated-Flexible-Paper-Packaging-Market-TrendGet more information on this report: Request Sample PDF

Global barrier coated flexible paper packaging market trends such as, higher demand for flexible packaging and in multiple industries is projected to influence the growth of the market positively over the forecast period. For instance, in 2022, the total production of flexible paper was projected to be about 35 million metric tons. Additionally, higher sales of tobacco product and growing disposable income of the nations are further expected to hike the growth of the market during the forecast period. For instance, in 2020, the global tobacco product sales reached about USD 55 billion. Therefore, all these factors are anticipated to drive the growth of the market over the forecast period.

Global Barrier Coated Flexible Paper Packaging Market: Growth Drivers and Challenges

Growth Drivers

  • Rising Demand for Flexible Paper in Baby Food Packaging

It is estimated that in 2022, the baby food segment dropped to approximately USD 280 billion.

Baby food, as the name suggests, is a particular meal to be consumed by babies. Baby food is prepared with highly balanced nutrition that are aimed at copying breast milk. A wide array of baby food is available in the market and to fulfill the need of newborns. Baby food requires certain type of packaging to preserved the health properties. Hence the demand for barrier coated flexible paper packaging emerges.

  • Growing Production of Paperboard  

As of 2021, the total consumption of paperboard was estimated to be approximately 400 million tons and projected to reach around 150 million tons by the year 2032.

  • Increasing Utilization in the Snack Packaging

For instance, in 2022, the revenue generated by the snack food segment was estimated to be about USD 500 billion.

  • Escalation in the Export and Import of Coffee & Tea  

In 2020-21, it was observed that around 160 million bags of coffee were consumed by the global population.

Challenges

  • Presence of Alternatives in the Market
  • Disrupted Supply-Chain due to COVID-19
  • Requirement for Higher Initial Investment

The global barrier coated flexible paper packaging market is segmented and analyzed for demand and supply by end-user industry into food & beverage, building & construction, cosmetics, pharmaceuticals, and others, out of which, the food & beverage segment is projected to witness noteworthy growth over the forecast period. The growth of the segment can be accounted to the significant demand for barrier coated flexible paper packaging in the food and beverage industry. For instance, in 2022, the global food segment was estimated to acquire nearly USD 175 billion.

Global Barrier Coated Flexible Paper Packaging Market Regional Synopsis

Regionally, the global barrier coated flexible paper packaging market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in the North America region is projected to hold the largest market share by the end of 2033. The growth of the market in the region can be accounted to the significant increment in the disposable income and presence of the major key player in the region. As of 2021, the disposable personal income in America reached approximately USD 15 trillion. Hence, such factors are estimated to hike the growth of the market over the forecast period.

Barrier-Coated-Flexible-Paper-Packaging-Market-Demand

The global barrier coated flexible paper packaging market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

Market Segmentation

Our in-depth analysis of the global barrier coated flexible paper packaging market includes the following segments:

By Coating

  • Water-Based
  • Solvent-Based
  • Wax
  • Extrusion Coating

By Application

  • Packaging
  • Cups
  • Trays
  • Bags & Pouches
  • Labels
  • Printing

By End-User Industry

  • Food & Beverage
  • Building & Construction
  • Cosmetics
  • Pharmaceuticals
  • Others

Top Featured Companies Dominating the Global Barrier Coated Flexible Paper Packaging Market

  • Nippon Paper Industries Co., Ltd.
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • Nordic Paper AS
  • BASF SE
  • Feldmuehle GmbH
  • Solenis LLC
  • Solenis and Kolb Distribution Ltd
  • PG Paper Company
  • Ahlstrom-Munksjo Oyj
  • Mitsubishi Paper Mills Limited
  • WestRock Company

 

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