Barrier Coated Flexible Paper Packaging Market Regional Analysis:
North American Market Insights
North America industry is predicted to account for largest revenue share by 2035, attributed to significant increment in disposable income and presence of the major key player in the region.. The growth of the market can be attributed majorly to the significant increment in disposable income and the presence of the major key player in the region. According to the 2021 estimations, Americans’ disposable personal income was projected to reach over USD 14 trillion. Hence, such factors are estimated to hike the growth of the market over the forecast period. The spending capacity of people is increasing owing to urbanization and the living standards of people. Further, the increasing printing industry across driving demand for packaging in e-commerce sales.
Europe Market Insights
The European barrier coated flexible paper packaging market is estimated to garner the second-highest market growth. The increasing innovations in the paper coating industry and rising demand for packed products are anticipated to rise the market growth in the coming years. Additionally, the rise of the market is attributed to the increasing preference of people for flexible packaging as it increases safety and convenience and reduces damage to the products. Paper packaging is one of the eco-friendly solutions that prevent harmful effects caused by non-biodegradable materials. It is reported that about USD 480 million in revenue can be generated from the barrier coated flexible packaging market of Europe during the forecast period.
