PUBLISHER: The Business Research Company | PRODUCT CODE: 1425728
PUBLISHER: The Business Research Company | PRODUCT CODE: 1425728
Poly Coated Kraft Paper Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on poly coated kraft paper market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for poly coated kraft paper? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The poly coated kraft paper market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Poly-coated kraft paper is essentially pure kraft paper layered with polyethylene. Kraft paper, like other paper types, is derived from wood through a chemical conversion into wood pulp. Its primary utility lies in wrapping applications necessitating moisture or grease resistance. Additionally, it serves as a moisture deterrent for pallet liners and tie sheets. This specific paper variant safeguards products from water, oil, dust, and grease, making it an optimal choice for items requiring barriers against grease, oil, or other liquids.
The realm of poly-coated kraft paper, distinct grades emerge such as unbleached, bleached, and natural. Unbleached paper denotes a type that hasn't undergone a whitening or lightening process through bleaching. Various packaging formats encompass bags, sacks, pouches, and envelopes catering to diverse industries such as food and beverages, construction, automotive, cosmetics, electronics, chemicals, agrochemicals, and more. These formats serve multiple end-use purposes across a wide spectrum of sectors.
The poly coated kraft paper market research report is one of a series of new reports from The Business Research Company that provides poly coated kraft paper market statistics, including poly coated kraft paper industry global market size, regional shares, competitors with poly coated kraft paper market share, detailed poly coated kraft paper market segments, market trends, and opportunities, and any further data you may need to thrive in the poly coated kraft paper industry. This poly coated kraft paper market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
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 expansion witnessed in the past period can be credited to advancements in the packaging industry, the surge of e-commerce, the momentum behind sustainability initiatives, heightened consumer preference for eco-friendly alternatives, and the evolving demands in food packaging regulations.
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%. Anticipated growth in the upcoming period can be linked to a heightened focus on sustainable packaging practices, the upsurge of biodegradable packaging solutions, the implementation of stricter environmental mandates, and the pivotal roles played by customization and branding strategies. Noteworthy trends projected for the forecast period encompass tailored approaches for branding and marketing, the extension of e-commerce packaging solutions, adherence to stringent food safety regulations, amplified presence in healthcare and pharmaceutical packaging, and the adoption of water-based coatings within the industry.
The market for poly-coated kraft paper is experiencing growth due to the surge in demand for eco-friendly packaging solutions. This term denotes packaging that is recyclable, safe for both consumers and the environment, and crafted from recycled materials. Poly-coated kraft paper, fashioned from pure kraft paper with a polyethylene coating, serves as an eco-conscious alternative to waxed or bituminized paper. Its production process is notably more environmentally friendly, involving fewer chemicals. As per the 2021 Global Buying Green Report by Trivium Packaging, which surveyed over 15,000 consumers across Europe, North America, and South America, 67% of respondents prioritize packaging recyclability when making purchasing decisions. Consequently, the preference for eco-friendly packaging is steering the rise of the poly-coated kraft paper market.
The burgeoning e-commerce sector is poised to drive further expansion in the poly-coated kraft paper market. E-commerce, the online exchange of goods and services, heavily relies on polycoated kraft paper for its robustness and moisture resistance, ensuring product safety during transit and bolstering package durability. In November 2023, the United States Census Bureau reported that e-commerce sales accounted for 15.6% of total sales in the third quarter, with estimated U.S. retail e-commerce sales reaching $271.7 billion. This marked a 0.9% increase from the previous quarter, affirming the pivotal role of poly-coated kraft paper in supporting the growth of the e-commerce industry.
A prominent trend in the poly-coated kraft paper market is the emphasis on product innovation. Leading companies in this sector are dedicated to developing sustainable solutions to fortify their market standing. Notably, in July 2022, BillerudKorsnas unveiled Performance White Barrier, a novel sack paper eliminating the need for conventional plastic film barriers found in paper sacks. This innovative paper features a coating that replaces plastic film while offering comparable shelf-life expectancy and performance features. Its versatile applications span various industries, including animal feed, construction materials, chemicals, dry food, and mineral products.
September 2023 witnessed the collaboration between Mondi plc and Robopac, resulting in the launch of a sustainable paper-wrapping solution for pallet storage and transportation. This collaborative innovation leverages Mondi's Advantage StretchWrap, a kraft paper made from responsibly sourced, renewable materials. Robopac, a packaging machinery specialist based in the US, partnered to introduce this solution, signifying a commitment to sustainable practices in packaging and transportation.
In December 2021, BillerudKorsnas, a Sweden-based paper mill company acquired Verso for $825 million. Through this acquisition, BillerudKorsnas gained a Verso portfolio that will be utilized in developing sustainable growth in the North American market. Verso is a US-based company that provides coated papers in North America.
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
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.
The countries covered in the poly coated kraft paper market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The poly-coated kraft paper market consists of sales of poly-coated kraft paper products that are available in narrow rolls, box inserts or covers, and pre-cut parts. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.