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Functional and Barrier Coatings for Paper Market to Reach a US$ 2.4 Bn by 2027 In the present times, one of the key concerns in the food & beverages industry is prevention of food wastage. Hence, manufacturers in the functional and barrier coatings for paper market are developing innovative barrier papers that help to reduce food wastage. For instance, Mitsubishi Hitec Paper Europe - a provider of specialty papers has gained expertise in ‘barricote barrier’ that are unique barrier papers extensively used in flexible packaging.