Functional and Barrier Coating for Paper Market - Evolving Industry Trends and key Insights by 2023
Paper is used in a wide range of packaging applications as it is biodegradable and, thus, perfectly safe for the environment. Paper-based packaging are indispensable components of modern life and play an important role in the handling and transportation of food and consumer products. It is a flexible and cost-efficient method to transport and protect a wide array of items in paper-packaged containers. Paper packaging offers various advantages, such as it is lightweight and easy to customize as per requirements.
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Evolving life style of consumers, increasing health and environmental awareness, and supportive environmental policies implemented by various governments across the globe for food contact paper, are the major factors responsible for the increasing global demand for functional and barrier coating for paper that ensures greater protection of the content and reduces the need for preservatives. This in turn has been leading to the continuous growth of the market for functional and barrier coating for paper.
Owing to its value added applications, such as protection of food, enhancement of paper gloss, and transparency, the market for functional and barrier coating for paper, is expected to create significant growth and investment opportunities for players operating in the market, especially in the developing countries
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