Functional and barrier coatings for paper reduce the chances of transmission of air, moisture, as well as flavor in or from the package. These coatings can be applied to boxes, folding cartons, and other packaging & printing substrates to improve their performance. More recently, growth has occurred in the research and development, as well as commercialisation, of coatings which have novel functions in addition to having traditional protection and decoration properties.
MARKET SCOPE
The "Global Functional and Barrier Coatings for Paper Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the functional and barrier coatings for paper market with detailed market segmentation by coating type, application, end use and geography. The report provides key statistics on the market status of the leading functional and barrier coatings for paper market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on coating type, the global functional and barrier coatings for paper market is segmented into pigment coating, uv coating, wax coating, poly coating, and others
- Based on application, the global functional and barrier coatings for paper market is segmented into packaging, printing, food services, and others.
- Based on end use, the global functional and barrier coatings for paper market is segmented into food and beverages, pharmaceuticals, homecare & toiletries, personal care & cosmetics, banking & financial institutions, and others.
MARKET DYNAMICS
Drivers
- Companies in the functional and barrier coatings for paper market are increasing production capacities to produce fully recyclable barrier papers.
- Increased awareness about eco-friendly fiber-based solutions that are replacing plastic straws, disposable cups, bottles.
- Rising R&D activities drive the functional and barrier coatings for paper market.
Restraints
- Relatively less price.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The functional and barrier coatings for paper market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the functional and barrier coatings for paper market in these regions.
IMPACT OF COVID-19 ON functional and barrier coatings for paper MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The chemical & materials industry is one of the major industries suffering serious disruptions, such as supply chain breaks, technology events cancellations, and office shutdowns, as a result of this pandemic. The shutdown of various plants and factories in leading regions such as North America, Europe, Asia Pacific, South America, and the Middle East & Africa has affected the global supply chain and negatively impacted the manufacturing, delivery schedules, and sales of various goods. Furthermore, various companies have already announced possible delays in product deliveries and slump in future sales of their products. The market for 3D printed metal is impacted by the pandemic due to shortfall in production along with halt in construction projects due to global lockdown.
MARKET PLAYERS
The report covers key developments in the functional and barrier coatings for paper market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from functional and barrier coatings for paper market are anticipated to lucrative growth opportunities in the future with the rising demand for functional and barrier coatings for paper in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the functional and barrier coatings for paper market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Paramelt B.V
- Cortec Corporation
- Sierra Coating Technologies LLC
- Stora Enso Oyj
- Michelman, Inc.
- Omnova Solutions Inc.
- BASF S.E.
- Dow Chemical Company
- Sonoco Products Company
- KoninklijkeDSM NV
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.