Packaging is one of the industries that uses functional additives and barrier coatings. The functional and barrier coating are used in packaging as they improve the processing as well as manufacturing performance and provide materials which has enhanced properties. Functional and barrier coatings mostly have its application in end-use industries which includes personal care, food, beverages, and pharmaceuticals. Most of the food products are packaged in boxes, consist of labels and tags, and are packed under folding cartons that are coated with functional and barrier coatings.
MARKET DYNAMICS
The functional and barrier coatings provide various benefits which includes antistatic, antimicrobial, protection from harmful rays, and much more due to which the demand for functional and barrier coating increases. The functional and barrier coatings which are used for paper include poly and pigment coatings having high barrier properties which are concerned with shelf-life requirements. An increase in research & development activities, printing and packaging manufacturers can offer solutions with a longer shelf-life of products along with the help of functional and barrier coatings. Thus, all these factors drive the functional and barrier coatings market.
MARKET SCOPE
The "Global Functional and Barrier Coatings Market Analysis to 2028" is a specialized and in-depth study of the chemical 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 market with detailed market segmentation by application, end use and geography. The global functional and barrier coatings market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading functional and barrier coatings market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global functional and barrier coatings market is segmented based on application and end use. Based on application, the market is segmented into packaging, printing, and others. Based on end use, the market is segmented into food and beverages, pharmaceutical, homecare, cosmetics and personal care, and others.
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 functional and barrier coatings market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The functional and barrier coatings 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 functional and barrier coatings market from both demand and supply side and further evaluates market dynamics affecting the market during 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 market in these regions.
MARKET PLAYERS
The reports cover key developments in the functional and barrier coatings 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 market were 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 market are anticipated to lucrative growth opportunities in the future with the rising demand for functional and barrier coatings in the global market. Below mentioned is the list of few companies engaged in the functional and barrier coatings market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the functional and barrier coatings 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.
- Sierra Coating Technologies LLC
- Stora Enso AB
- Michelman, Inc.
- OMNOVA Solutions Inc.
- BASF SE
- Dow
- DSM
- Mondi
- Solenis
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.