Barrier Coated Flexible Paper Packaging Market Size

Barrier Coated Flexible Paper Packaging Market size was over USD 5.19 Billion in 2023 and is expected to cross USD 8.43 Billion by the end of 2036, witnessing more than 3.8% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of barrier coated flexible paper packaging is estimated at USD 5.37 Billion. The growth of the market can be attributed to the higher demand for ready-to-eat meals across the globe. For instance, the value of the ready-to-eat meals segment was estimated to hit approximately USD 55 billion in 2022 across the globe. People are busy with their jobs and other work in their life which reduces time to cook a fresh meal. Also, people found it convenient to buy ready-made meals from the stores. The less effort of these meals is estimated to rise the popularity of the market during the forecast period.

Global barrier coated flexible paper packaging market trends such as higher demand for flexible packaging in multiple industries are projected to influence the growth of the market positively over the forecast period. For instance, in 2022, the total production of flexible paper was projected to be about 35 million metric tons globally. Additionally, the poorest property of paper prevents it from complete protection. Therefore, barrier coating helps the paper to overcome the limitations such as water resistance, porosity, humidity, extreme temperature, and oxygenation. The barrier coating makes the paper more flexible by sealing the course of the paper surface and preventing the diffusion process. Polymers are used to quote the material and make it hydrophobic.