Water-Based Barrier Coatings Market

Water-Based Barrier Coatings Market worth $1.6 billion by 2028

The report "Water-Based Barrier Coatings Market by Component (Water, Filler, Binder, and Additives), Barrier Type (Water Vapor, Oil/Grease), Substrate (Paper & Cardboard), End-Use Industry (Food & Beverage), and Region - Global Forecast to 2028", size is projected to grow from USD 1.2 billion in 2023 to USD 1.6 billion by 2028, at a CAGR of 6.3%. Water-based barrier coatings excel in product protection. Their ability to create robust hydrophobic barriers shields contents from moisture, oxygen, contaminants, and other external factors. This translates to extended shelf life, preserved product freshness, and maintained flavor and texture integrity. In an era where food safety and product quality are paramount, these coatings serve as a dependable solution. Regulatory compliance is another crucial aspect where water-based barrier coatings shine. They meet stringent food contact materials and pharmaceutical packaging requirements, ensuring consumer safety and adherence to industry standards. This compliance instills trust in consumers and bolsters the credibility of brands utilizing these coatings.

Browse 267 market data Tables and 65 Figures spread through 264 Pages and in-depth TOC on "Water-Based Barrier Coatings Market by Component (Water, Filler, Binder, and Additives), Barrier Type (Water Vapor, Oil/Grease), Substrate (Paper & Cardboard), End-Use Industry (Food & Beverage), and Region - Global Forecast to 2028"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/water-based-barrier-coatings-market-145541100.html

The paper and cardboard segment is expected to account for one of the largest shares in 2023.

Paper and cardboard substrates are biodegradable and compostable, aligning with the growing demand for sustainable and eco-friendly packaging solutions. They naturally break down over time, reducing environmental impact and waste accumulation. They also meet stringent regulatory requirements for food contact and safety, making them a trusted choice for industries with strict quality and safety standards.

Another advantage is the customization options they offer. These substrates come in various thicknesses and can be coated, laminated, or finished in numerous ways, allowing businesses to tailor packaging to their specific product needs and branding strategies. While paper and cardboard are not naturally moisture-resistant, they can be coated with water-based barrier coatings or laminated with films to enhance their barrier properties, making them suitable for a wide range of products.

Furthermore, packaging made from paper and cardboard often resonates with consumers as a natural and authentic choice. It conveys a sense of simplicity, transparency, and environmental responsibility, enhancing brand image and customer loyalty. These substrates have well-established recycling infrastructures in many regions worldwide, making it easier for consumers to recycle packaging materials and contributing to a circular economy.

The food and beverage packaging segment is expected to account for the largest share in 2023.

This growth significantly impacts the food and beverage packaging sector, which is crucial in ensuring product safety and quality. The rising demand for food and beverages also drives the need for innovative and sustainable packaging solutions. Sustainable materials like paperboard, cardboard, and recyclable plastics gain prominence, along with appealing and informative packaging designs, addressing consumer needs and environmental concerns.

Europe is expected to account for the largest share in 2023.

European governments and the EU have launched initiatives and policies promoting sustainability and reducing plastic waste. This pro-sustainability regulatory environment encourages businesses to opt for sustainable packaging solutions, including water-based barrier coatings. Europe's strategic advantages, encompassing regulatory rigor, sustainability focus, innovation culture, and strong consumer awareness have solidified its leadership in the water-based barrier coatings market for food & beverage and pharmaceutical packaging industries. This leadership position is expected to persist as sustainability drives the packaging industry.

Key Players

The key players in the water-based barrier coatings market include Altana Group (Germany), BASF SE (Germany), H.B. Fuller Company (US), Kuraray Co., Ltd (Japan), Sonoco Products Company (US), Michelman, Inc (US), Imerys (France), Solenis (US), Dow Inc (US), and Omya AG (Switzerland).

Don’t miss out on business opportunities in Water-Based Barrier Coatings Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

Water-Based Barrier Coatings Market Size,  Share & Growth Report
Report Code
CH 8915
PR Published ON
2/2/2024
Choose License Type
BUY NOW
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Water-Based Barrier Coatings Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
CUSTOMIZED WORKSHOP REQUEST
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2024 MarketsandMarkets Research Private Ltd. All rights reserved
DMCA.com Protection Status
...

Digital Virtual Assistant - MarketsandMarkets

Home