Growing Preference for Sustainable Packaging Solutions Drives Europe Barrier Coated Paper Market Growth by 2032
Europe barrier-coated papermarket size is forecast to increase from US$ 1.3 billion in 2023 to US$ 1.8 billion by 2033.
Total barrier-coated paper sales across Europe are set to rise at a CAGR of 3.2% throughout the projection period (2023 to 2033).
The rising adoption of barrier-coated paper across several end-use industries including food & beverage, pharmaceutical, cosmetics, and consumer goods due to its low cost and eco-friendly nature is providing impetus to the expansion of Europe barrier-coated paper industry.
The overall market for barrier-coated paper across Europe is projected to generate an incremental growth opportunity of US$ 500 million over the next ten years amid burgeoning demand from the food & beverage and electronics
Since ancient times, industries have been using paper for packaging various sensitive products. However, simple paper packaging solutions do not possess the tendency to protect products against moisture and other factors. Hence, packaging companies started applying barrier coatings on paper, resulting in the development of barrier-coated paper.
Barrier-coated paper has become an ideal packaging material for companies to protect their products from moisture, chemicals, and several other contaminants. The barrier coating on paper guarantees a physical barrier against moisture and grease.
Growing demand for sustainable and biodegradable packaging solutions across Germany, Italy, France, the United Kingdom, and other European nations to curb the usage of plastic usage is expected to boost the Europe barrier-coated paper market during the forecast period.
Similarly, increasing government initiatives to ban the use of plastics across Europe coupled with the growing popularity of biomaterial coatings will create lucrative revenue-generation opportunities for barrier-coated paper manufacturers.
Leading barrier-coated paper companies are putting efforts into developing bio-based materials to replace petroleum-based polymer coatings. The development and popularity of these bio-based products will help companies to strengthen their presence across European nations during the projection period.