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Global Packaging Industry's Green Transformation
As global environmental awareness rises and plastic reduction policies advance worldwide, the packaging industry is undergoing a significant transformation. Traditional plastic packaging is gradually being replaced by eco-friendly alternatives, with water-based barrier coating combined with paper packaging emerging as one of the most promising sustainable solutions. According to Allied Market Research, the water-based coating market was valued at $68.7 billion in 2022 and is estimated to reach $110.9 billion by 2032, growing at a CAGR of 5.1% from 2023 to 2032.