Research Nester published a report titled “Barrier Coated Flexible Paper Packaging Market: Global Demand Analysis & Opportunity Outlook 2033” which delivers a detailed overview of the global barrier coated flexible paper packaging market in terms of market segmentation by coating, application, end-user industry, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, and supply and demand risk, along with a detailed discussion of current and future market trends that are associated with the growth of the market.
The global barrier coated flexible paper packaging market is projected to grow at a CAGR of ~4% by attaining revenue ~USD 8 billion during the forecast period, i.e., 2023 – 2033. Growing demand for flexible packaging and increasing disposable income are anticipated to propel the growth of the market during the forecast period. For instance, it was estimated that nearly 35 million metric tons of flexible paper were produced in 2022. Additionally, emerging demand in snack packaging is further estimated to propel the market growth over the forecast period. As of 2022, snack food segment was projected to generate a total revenue of about USD 500 billion.
Additionally, by end-user industry, the global barrier coated flexible paper packaging market is segmented into food & beverage, building & construction, cosmetics, pharmaceuticals, and others. Out of these sub-segments, the food & beverage segment is estimated to obtain largest share in the market during the forecast period. The growth of the segment can be accounted to higher demand for barrier coated flexible paper packaging in the food and beverage industry. In 2022, the global food segment was valued at approximately USD 175 billion.
Furthermore, the global barrier coated flexible paper packaging market, by region, is bifurcated into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. Out of these regions, the market in the North America region is estimated to grow at a rapid pace over the forecast period on the back of constantly growing disposable income of the region. For instance, the disposable income of America amounted to be nearly USD 15 trillion.
The research is global in nature and covers a detailed analysis of the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of the Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook, etc. have also been covered and displayed in the research report.
Higher Utilization in Baby Food Packaging to Foster the Growth of the Market
The baby food segment reached around USD 280 billion in 2022.
Baby food is prepared with highly balanced nutrition to provide the same healthy properties to the infants as breast milk. Baby food comes in multiple forms and flavors to be consumed by infants. The food is packaged in a way so that the nutritious properties can be preserved for several days. Therefore, such factors are anticipated to propel the growth of the market during the forecast period.
However, requirement for higher initial investment is expected to operate as a key restraint to the growth of the global barrier coated flexible paper packaging market over the forecast period.
This report also provides the existing competitive scenario of some of the key players in the global barrier coated flexible paper packaging market which includes company profiling of Nippon Paper Industries Co., Ltd., 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 WestRock Company. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials, and recent news and developments. On the whole, the report depicts a detailed overview of the global barrier coated flexible paper packaging market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching for possibilities, and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.
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