The poly coated kraft paper global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Poly Coated Kraft Paper Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The poly coated kraft paper market size has grown strongly in recent years. It will grow from <b>$4.27 billion in 2023 to $4.51 billion in 2024 at a compound annual growth rate (CAGR) of 5.6%. </b> The growth in the historic period can be attributed to packaging industry development, rise in e-commerce, sustainability trends, consumer demand for greener options, food packaging requirements.
The poly coated kraft paper market size is expected to see strong growth in the next few years. It will grow to <b>$5.61 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%. </b> The growth in the forecast period can be attributed to increased emphasis on sustainable packaging, growth in biodegradable packaging, stringent environmental regulations, customization and branding. Major trends in the forecast period include customization for branding and marketing, expansion of e-commerce packaging solutions, compliance with food safety regulations, growth in healthcare and pharmaceutical packaging, adoption of water-based coatings.
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Scope Of Poly Coated Kraft Paper Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Poly Coated Kraft Paper Market Overview
Market Drivers –
Eco-friendly packaging is driving the growth of the poly-coated kraft paper market. The term eco-friendly packaging refers to packaging that can be recycled, is safe for individuals and the environment, and is made from recycled materials. The poly-coated kraft paper is made from pure kraft paper with a polyethylene coating. This alternative to waxed or bituminized paper is environmentally friendly. The process of manufacturing kraft paper is much eco-friendlier, and there are few chemicals used in the process. For instance, in 2021, according to Global Buying Green Report, a survey of more than 15,000 end consumers across Europe, North America, and South America consumers released by Trivium Packaging, a US-based aluminum supplier company, 67% of consumers say recycling packaging is important when buying products. Therefore, eco-friendly packaging is gaining popularity and is driving the poly-coated kraft paper market.
Market Trends –
Product innovation is a key trend gaining popularity in the poly-coated kraft paper market. Major companies operating in the poly-coated kraft paper market are innovating new sustainable solutions to strengthen their market position. For instance, in July 2022, BillerudKorsnäs, a Sweden-based paper mill company, launched a new sack paper, Performance White Barrier, which eliminates the need for plastic film barriers commonly found in paper sacks. This innovative sack paper features a coating that replaces the plastic film, offering similar shelf-life expectancy and other performance factors to traditional alternatives. It is designed to be used in various applications, including animal feed, building materials, chemical substances, dry food, and mineral products.
The poly coated kraft paper market covered in this report is segmented –
1) By Grade: Unbleached, Bleached, Natural
2) By Packaging Formats: Bags, Sacks, Pouches, Envelopes
3) By End Use: Food and Beverages, Building and Construction, Automotive, Cosmetics and Personal Care, Electrical and Electronics, Chemicals and Agrochemicals, Other End Uses
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Regional Insights –
Asia-Pacific was the largest region in the poly coated kraft paper market share in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the poly coated kraft paper market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the poly coated kraft paper market report are WestRock Company, Acorn Paper Products Company, Billerud AB, Canadian Kraft Paper Industries Ltd., Canfor Corporation, Delta Paper, Gascogne Group, Georgia-Pacific LLC, International Paper Company, Mondi plc, Nordic Paper AS, Oji Holdings Corporation, Segezha Group, Smurfit Kappa Group plc, Taylor Packaging, KapStone Paper and Packaging Corporation, Stora Enso Oyj, Nippon Paper Industries Co. Ltd., Daio Paper Corporation, Sappi Limited, UPM-Kymmene Oyj, Verso Corporation, Asia Pulp & Paper Co. Ltd, Nine Dragons Paper (Holdings) Limited, Lee & Man Paper Manufacturing Limited, Shandong Chenming Paper Holdings Limited, Shandong Sun Paper Industry Joint Stock Co. Ltd., Shanying International Holdings Co. Ltd., Anhui Shanying Paper Industry Co. Ltd., Holland Manufacturing Company, Anchor Paper Company, U.S. Packaging & Wrapping LLC
Table of Contents
1. Executive Summary
2. Poly Coated Kraft Paper Market Characteristics
3. Poly Coated Kraft Paper Market Trends And Strategies
4. Poly Coated Kraft Paper Market – Macro Economic Scenario
5. Global Poly Coated Kraft Paper Market Size and Growth
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31. Global Poly Coated Kraft Paper Market Competitive Benchmarking
32. Global Poly Coated Kraft Paper Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Poly Coated Kraft Paper Market
34. Poly Coated Kraft Paper Market Future Outlook and Potential Analysis
35. Appendix
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