According to new report, “The Future of Functional and Barrier Coatings for Paper and Board Packaging to 2020,” sustained growth in demand for paper-based packaging materials is stimulating demand for functional and barrier coatings. Total demand is expected to increase from 2.4 million tonnes of material in 2014 to over 3.2 million tonnes by 2020, with the market value growing at 5% annually (in constant 2014 terms) from nearly $5.4 billion to over $7.1 billion over the period.
This will be particularly evident in the emerging markets of Africa, Asia, and South/Central America, with the unrest in the Middle East casting a cloud over otherwise good growth in this region as well.Demand in North America will lose some market share to these regions, especially Asia, while Europe should maintain its position in the market over the review period.
