Global Poly Coated Kraft Paper market growth 2024, Forecast To 2033
4 Mar, 2024
The poly coated kraft paper market size has exhibited strong growth in recent years, surging from$4.27 billion in 2023 to$4.51 billion in 2024, representing a compound annual growth rate (CAGR) of 5.6%. This growth in the historic period can be attributed to developments in the packaging industry, the rise in e-commerce, sustainability trends, and consumer demand for greener options, particularly in food packaging. Looking forward, the market is anticipated to continue its upward trajectory, reaching$5.61 billion in 2028, fueled by increased emphasis on sustainable packaging, growth in biodegradable packaging, stringent environmental regulations, and customization and branding initiatives. 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, and the adoption of water-based coatings.
Global Poly Coated Kraft Paper Market Key Driver
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. The 2023, 2024, and 2028 market size values highlight the escalating demand for eco-friendly packaging solutions as consumers prioritize sustainability and environmental consciousness in their purchasing decisions, driving the growth of the poly-coated kraft paper market.
Get A Free Sample Of The Global Poly Coated Kraft Paper Market ReportGlobal Poly Coated Kraft Paper Market Segments
The global 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
By Geography: The regions covered in the poly coated kraft paper market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
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.
Major Poly Coated Kraft Paper Industry Players
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
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Poly Coated Kraft Paper Market Overview
Poly-coated kraft paper refers to pure kraft paper with a polyethylene coating. As with other paper production methods, Kraft paper is made by chemically converting wood into wood pulp. It is typically used in wrapping applications that require a moisture or grease barrier. It can also be used as a moisture barrier for pallet liners and tie sheets. Poly-coated kraft paper protects products from water, oil, dust, and grease. it is ideal for wrapping items with grease, oil, or other liquid barriers.
Poly Coated Kraft Paper Global Market Report 2023 provides data on the global poly coated kraft paper market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The poly coated kraft paper market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.