- August 11, 2009
LEATHERHEAD, UK | A Pira Intl. study valued the global market for functional and barrier coatings for paper and board at $3,778 million in 2007, with a growth of 3.1% to the present. It’s expected to reach $4,561 million by 2014 at a modest growth rate of 2.7% CAGR globally.
The analysis, titled The Future of Functional and Barrier Coatings for Paper and Board, breaks down the market by product, end-use sector, region and country, with five-year forecasts to 2014. The study also provides an overview of technology developments, a competitive landscape analysis and explores key drivers and trends.
According to the study, growth will be negative in many parts of the developed world in 2009 and into 2010, becoming positive again towards the end of that year. In the emerging economies of Eastern Europe and Asia, recent exceptional growth rates will fall in 2009 and 2010, but growth will again climb in late 2010 to 2014. This growth will not reach the same levels as has been seen in recent years, however, reports the study. The effect of these emerging economies will lift the global market for functional and barrier coating, to permit modest growth of 2.7% CAGR to 2014, when the market will be worth $4,561 million.
Functional and barrier coatings cover a broad spectrum of materials that are coated onto paper and board to provide a barrier of some sort to protect the materials inside, and/or to enable the substrate to act as a suitable package for its contents. Although over one third of this market lies in liquid packaging, the market is much broader in scope and application, according to Pira, covering packaging for a wide range of food stuffs; pharmaceutical and medical items; cosmetics; and dry goods such as paper itself (e.g., ream wrap). The barrier requirements cover such materials as water and water vapor; oil and grease; oxygen and aroma.
For more information, contact Stephen Hill at +44 0 1372 802025.