The global sales of PE coated sack kraft paper market are estimated to be worth USD 4.6 billion in 2021 and are anticipated to reach a value of USD 7.1 billion by 2031. Sales are projected to rise at a CAGR of 4.5% over the forecast period between 2021 and 2031. The revenue generated by PE coated sack kraft paper market in 2020 was USD 4.4 billion.
This gives an upward thrust to the market demand for PE coated sack kraft paper due to increasing demands in agriculture, chemicals, and construction sectors for durable and moisture-resistant packaging solutions. The use of protective, high-quality packaging with properties that help extend shelf life by ensuring product safety increases their consumption.
Innovations in coating technologies further enhance the performance and sustainability of the paper, keeping environmental concerns at bay. The growth in international trade and also the expansion in the demand for bulk packaging are other factors adding to the growth of the market. Greater emphasis on efficient and dependable packaging solutions further raises the usage of PE-coated sack kraft paper.
Global PE Coated Sack Kraft Paper Industry Assessment
| Attributes | Key Insights |
|---|---|
| Historical Size, 2020 | USD 4.4 billion |
| Estimated Size, 2021 | USD 4.6 billion |
| Projected Size, 2031 | USD 7.1 billion |
| Value-based CAGR (2021 to 2031) | 4.5% |
The range of PE coated sack paper is manufactured using high-quality raw materials and is best suited for packaging a variety of products in a variety of industry sectors. These papers add value to the product and improve its appearance due to their glossy appearance and appealing color combination.
To meet the diverse needs of the clients, the product range is available in a variety of thicknesses and other specifications which is likely to boost the demand of the PE coated sack kraft paper market over the forecasted period.
Many fruits and vegetables are not only pressure-sensitive, but they must also remain fresh and intact even when wet. Salad, cucumber, and strawberry trays, for example, can withstand automatic washing tunnels thanks to an extra layer of Polyethene. As a result, PE coated sack kraft paper is gaining popularity around the world.
It also has homogeneous and seamless surfaces, making it ideal for high-quality offset printing. This paper has flexible problems and hence process such as cutting, creasing, grooving, folding is easy to perform. The primary trends in the packaging industry are expected to be sustainability and recyclability. The government of many countries' plastic regulatory norms have fueled the development of the PE coated sack kraft paper market.
PE Coated Sack Kraft Paper are widely used in North American countries such as the United States and Canada in fast food chains. PE coated paper is coated with polyethene, creating a highly effective grease and moisture obstacle.
PE coated sack kraft paper, could be used for hot applications as it would not melt and disturb food items. PE coated sack kraft paper is also ideally suited for packaging hot, greasy foods, as well as in-tray liner in fast food joints, hence there is increasing use of PE coated sack kraft paper in the region.
Europe is one of the key markets for PE coated sack kraft paper. The Europe PE coated sack kraft paper market is all set to observe a notable growth rate during the assessment period 2021 to 2031.
Usage for PE coated sack kraft paper has amplified in Europe as construction activity has increased, as has awareness of eco-friendliness. Durable packaging has aided the market's recovery. For example, demand for PE Coated sack kraft paper in Germany surpassed supply in 2018, due to factors such as new customer orders or extended amounts exceeding existing contracts.
Some key manufacturers functioning in business in PE coated sack kraft paper market includes
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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PE Coated Sack Kraft Paper Market
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