From GlobeNewswire: 2024-11-20 05:30:00

Barrier Coatings for Packaging Market valued at USD 12.3 billion in 2023, projected to reach USD 30 billion by 2032. Market driven by sustainability focus, innovation, and growth in food and beverage sector, especially in e-commerce. Smart packaging tech advancements and compliance with safety standards and environmental concerns are key factors.

Water-based coatings in barrier coatings for packaging market expected to grow with CAGR of over 11%, exceeding USD 17 billion by 2032. Rising popularity due to eco-friendly composition, compliance with environmental regulations, and wide application in food and beverage sector.

Food and beverage segment led barrier coatings for packaging market in 2023, accounting for over 40% of total share. Rising demand for packaged foods, consumer preferences for convenience and safety, and importance of preserving food quality driving adoption of barrier coatings.

North America held over 35% share of global barrier coatings for packaging market in 2023, with U.S. experiencing rapid growth due to demand for sustainable solutions and stricter environmental regulations. Strong manufacturing base and efficient supply chain in U.S. facilitating quick adoption of new technologies.

Companies like Amcor, Avery Dennison, Dow Chemical, DuPont, and Stora Enso are major players in barrier coatings for packaging industry. Market research report includes detailed coverage with revenue estimates from 2021 to 2032, segmented by type, technology, functionality, and end-use industry.



Read more at GlobeNewswire: Barrier Coatings for Packaging Market to surpass USD 30