Functional and barrier coatings are used for paper to impart various barrier and functional properties. These coatings are widely used in flexible packaging paper. These improve the performance of the paper. The coating materials are used for aroma, mineral oil migration, and vapour. Growing traction of water-based barrier coatings is bolstering the expansion of the functional and barrier coatings for paper market. Use of recyclable and re-pulpable paper is used in making functional and barrier coatings, owing to the vast sustainable quotient. Rise in use of such coatings for single-use paper cups are gathering traction in commercial use, such as in offices. The vast adoption of biodegradable paper cups is a key trend fueling the sales in the functional and barrier coatings for paper market.
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Over the years, trade fairs have opened opportunity for paints and coatings companies to showcase their innovation in the functional and barrier coatings for paper market. The market has seen continuously growing sales of such coatings in the food and beverages packaging. Use of functional and barrier coatings for controlling wetting and barrier properties. Key packaging types are boxes, folding cartons, and labels and tags.
Focus on New Chemistries Underpins Product Innovation
The functional and barrier coatings for paper market has seen the advent of new product categories by prominent players. The array of coatings formulations with new chemistries is expected to pave way to new innovations. Further, the use of special treatment for paper has also helped spur the pace of innovation for new types of coatings with advanced functional and barrier coatings. Strides made in paper converters have also added impetus to the demand for and uptake of functional and barrier coatings in the food industry.
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Some of the key players in the market are Sonoco Products Company, Paramelt B.V., Omnova Solutions Inc., Stora Enso Oyj, Michelman, Inc., and BASF S.E.