The Poly Coated Kraft Paper Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Poly Coated Kraft Paper Global Market Report 2024, The poly coated kraft paper market size has grown strongly in recent years. It will grow from $4.27 billion in 2023 to $4.51 billion in 2024 at a compound annual growth rate (CAGR) of 5.6%. 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 $5.61 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%. 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.
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.
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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
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 report table of contents includes:
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
3. Appendix
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