According to recently published data on barrier paper, the market for this material grew 4.5% year over year (YoY) to reach US$ 2.7 billion by the end of 2021. The demand for barrier paper is expected to grow steadily at a CAGR of 4.6% over the next ten years, reaching US$ 4.5 billion in global revenue by 2032.
Barrier paper is predicted to be in the highest demand from the food and beverage industry, which currently holds a 46% value market share. Barrier paper is one of the most versatile and widely used packaging materials available. It is a type of paperboard with a protective coating that helps keep moisture, dust, and other environmental elements out, while still allowing products to breathe.
Barrier Paper Market Outlook
For those looking to invest in the barrier paper market, there are a few things to keep in mind. First, it is important to understand the different types of barrier paper that are available. Generally, barrier paper is made from either kraft or PET (polyethylene terephthalate) materials. Kraft paper is a natural fiber material that is resistant to moisture and dust, while PET is a synthetic material that is more durable and offers superior protection. Depending on the type of product being packaged, either type of barrier paper could be a good choice.
The second consideration is the cost of barrier paper. While the cost of barrier paper can vary widely depending on the type of paper used, it is typically more expensive than regular paperboard. However, the added protection and convenience that barrier paper offers more than makes up for the higher cost.
Finally, it is important to consider the impact that barrier paper has on the environment. All types of barrier paper are recyclable, and kraft paper is biodegradable, making it an eco-friendly option for businesses looking to reduce their carbon footprint.
The barrier paper market is growing rapidly, and there are a variety of options available for businesses looking to make the switch. By understanding the different types of barrier paper, the cost involved, and the environmental impact, businesses can make an informed decision when choosing the right type of barrier paper for their packaging needs.
Which Market Factors are Driving Demand for Barrier Paper?
Barrier-coated paper small-size packets offer a choice for packing that is both light and portable. Barrier-coated paper created from biomaterials is also biodegradable, which helps to lessen issues with packaging trash disposal.
Demand for the market will be driven by the desire for biodegradable packaging materials such as barrier-coated paper for small-size packs. Pre-packaged foods for all meal times, including breakfast, lunch, and supper, will increasingly become more necessary as consumers’ fast-paced lifestyles get busier.
Consumer appetite for single-serve portion packaging has grown in recent years. Little portion packs can now be produced by paper packaging companies thanks to mobile lifestyles. Paper portion packs frequently use barrier-coated paper because of its capacity to offer a water and gas barrier.
Will Consumption of Barrier Paper in the Food and Beverage Sector Keep Increasing?
By 2025, the food and beverage business is anticipated to generate US$856.9 billion in revenue. High demand for food packaging is generating a market for barrier paper as a result of rising demand for packaged, frozen, and home-delivered food. One of the main causes of the sharp rise in demand for home food delivery services is the COVID-19 pandemic.
The sector has grown dramatically over the world as a result of shifting customer habits about the purchase of packaged foods. Also, regular product launches by market participants along with the enduring trend of healthy foods and sugar-free goods are fostering industry growth.
The demand for barrier paper from the food and beverage industry is predicted to expand at the highest CAGR of 5.5% during the forecast period of 2022-2032 among the applications taken into account in the study.
- Mitsubishi Hitec Paper
- UPM speciality paper
- Mondi group
- AR Packaging
- Koehler paper
- Nine Dragons Paper Holdings
- Nippon Paper
- Sierra coatings
- KRPA PAPER Company
- TRANSPARENT PAPER LTD
- Cortec Corporation
- Nissha Metallizing Solutions
- Holland Manufacturing