Barrier Coated Flexible Paper Packaging Market Size & Share, by Coating (Water-Based, Solvent-Based, Wax, Extrusion Coating); Application {Packaging (Cups, Trays, Bags & Pouches, Labels), Printing}; End-user (Food & Beverage, Building & Construction, Cosmetics, Pharmaceuticals) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2033

  • Report ID: 4486
  • Published Date: Feb 16, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023-2033

Barrier Coated Flexible Paper Packaging Market size is anticipated to reach USD 8 billion by the end of 2033, growing at a CAGR of 4% during the forecast period, i.e., 2023-2033. In the year 2022, the industry size of barrier coated flexible paper packaging was over USD 5 billion. The growth of the market can be attributed to the higher demand for ready-to-eat meals across the globe. For instance, the value of the ready-to-eat meals segment was estimated to hit approximately USD 55 billion in 2022 across the globe. People are busy with their jobs and other work in their life which reduces time to cook a fresh meal. Also, people found it convenient to buy ready-made meals from the stores. The less effort of these meals is estimated to rise the popularity of the market during the forecast period.

Global barrier coated flexible paper packaging market trends such as higher demand for flexible packaging in multiple industries are 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 globally. Additionally, the poorest property of paper prevents it from complete protection. Therefore, barrier coating helps the paper to overcome the limitations such as water resistance, porosity, humidity, extreme temperature, and oxygenation. The barrier coating makes the paper more flexible by sealing the course of the paper surface and preventing the diffusion process. Polymers are used to quote the material and make it hydrophobic.


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

Growth Drivers

  • Rising Demand for Flexible Paper in Baby Food Packaging- Baby food, as the name suggests, is a particular meal to be consumed by babies. Baby food is prepared with highly balanced nutrition that is aimed at copying breast milk. A wide array of baby food is available in the market to fulfill the need of newborns. Baby food requires certain types of packaging to preserve its health properties. Hence the demand for barrier-coated flexible paper packaging emerged. It is estimated that in 2022, the baby food segment dropped to approximately USD 280 billion.
  • Growing Production of Paperboard with the Rising use of Eco-friendly Products- As of 2021, globally the total consumption of paperboard was estimated to be approximately 400 million tons and is projected to reach around 150 million tons by the year 2032.
  • Increasing Utilization of Snack Packaging with Increasing Demand for Ready-Made Food- For instance, in 2023, the revenue generated by the snack food segment was estimated to be about USD 108.50 billion in United States.
  • Escalation in the Export and Import of Coffee & Tea Across the World - 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 - The presence of alternative materials such as biodegradable plastics, recycled plastics, and corrugated bubble wrap. Plastic is more water-resistant than paper packaging and other sustainable packaging options are estimated to hinder the market growth. These materials do not require any barrier coating to protect them from water vapor, humidity, and oxygen.
  • Disrupted Supply-Chain due to COVID-19
  • Requirement for Higher Initial Investment

Barrier Coated Flexible Paper Packaging Market: Key Insights

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

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Barrier Coated Flexible Paper Packaging Segmentation

Coating (Water-Based, Solvent-Based, Wax, Extrusion Coating)

The global barrier coated flexible paper packaging market is segmented and analyzed for demand and supply by coating into water-based, solvent-based, wax, and extrusion coating. Out of these segments, the water based coatings segment is anticipated to garner the largest market share during the forecast period. Barrier coatings are used to prevent any type of interior and exterior effects caused to the packaging. The barrier coatings with a water base increase the protection and seal the surface stronger. This protects the ingredients or products in the packaging from oil, fat, alcohol, and water vapor. According to the estimations, water based coatings reached a revenue of USD 70 billion in 2021 across the world. Additionally, the water based coatings are eco-friendly which increases the demand from people who are concerned about the damage caused to the environment.

End-user (Food & Beverage, Building & Construction, Cosmetics, Pharmaceuticals)

The global barrier coated flexible paper packaging market is also 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 significant demand for barrier coated flexible paper packaging in the food and beverage sector can be attributed to the segment's expansion. Further, as per the estimations for 2022, the food segment is projected to reach over USD 170 billion across the globe. The food and beverages are bought by many consumers across the world. So, it is very important to maintain hygiene and allergic reactions caused by them. Perfect packaging is a necessary thing to prevent spoilage, food poisoning, and damage to the food inside the packets.  It also helps to retain the shelf life and quality of the food. This type of packaging makes it comfortable to carry the food everywhere without the fear of spillage.

Our in-depth analysis of the global 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

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Barrier Coated Flexible Paper Packaging Industry - Regional Synopsis

North American Market Forecast

The North American barrier coated flexible paper packaging market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2033. The growth of the market can be attributed majorly to the significant increment in disposable income and the presence of the major key player in the region. According to the 2021 estimations, Americans’ disposable personal income was projected to reach over USD 14 trillion. Hence, such factors are estimated to hike the growth of the market over the forecast period. The spending capacity of people is increasing owing to urbanization and the living standards of people. Further, the increasing printing industry across driving demand for packaging in e-commerce sales.

Europe Market Forecast

The European barrier coated flexible paper packaging market is estimated to garner the second-highest market growth. The increasing innovations in the paper coating industry and rising demand for packed products are anticipated to rise the market growth in the coming years. Additionally, the rise of the market is attributed to the increasing preference of people for flexible packaging as it increases safety and convenience and reduces damage to the products. Paper packaging is one of the eco-friendly solutions that prevent harmful effects caused by non-biodegradable materials. It is reported that about USD 480 million in revenue can be generated from the barrier coated flexible packaging market of Europe during the forecast period.

Research Nester
Barrier Coated Flexible Paper Packaging Market Size
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Companies Dominating the Barrier Coated Flexible Paper Packaging Landscape

top-features-companies
    • 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

In-the-news

In The News

  • BASF SE launched products “PA ZeroPCF” and “NPG ZeroPCF” by using renewable raw materials which include neopentyl glycol and propionic acid which do not release any carbon footprint.

  • Solenis and Kolb Distribution Ltd acquired the KLK Klob Group, a subsidiary of Klob Distribution Ltd with an agreement to manufacture paper process chemicals in KLK Group.

Author Credits:  Sadaf Naaz, Mohd Shadab


  • Report ID: 4486
  • Published Date: Feb 16, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increasing utilization of snack packaging and escalation in the export and import of coffee & tea are the major factors driving the market growth.

The market is anticipated to attain a CAGR of 4% over the forecast period, i.e., 2023-2033.

The requirement for higher initial investment and the presence of alternatives in the market are estimated to be the growth-hindering factors for market expansion.

The market in the North American region is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.

The major players in the market are Nordic Paper AS, BASF SE, Feldmuehle GmbH, Solenis LLC, Solenis and Kolb Distribution Ltd, PG Paper Company, Ahlstrom-Munksjo Oyj, Mitsubishi Paper Mills Limited, and others.

The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue-generating capacity as well as the new products being launched into the market by the company.

The market is segmented by type, product, end user, and by region.

The food & beverage segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.
Barrier Coated Flexible Paper Packaging Market Report Scope
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