Packaging solutions which provide environmental sustainability are in increased demand. The reason for the same is to combat the hazardous effects of other plastic substrate packaging formats. Thus, the paper is one of the most preferred packaging formats for brand owners. This is one of the primary reason for the widening of the poly coated kraft paper market.
The growth in industrialization and increase in the manufacturing units is likely to grow the demand for the poly coated kraft paper market because of its wide application for industrial purposes. The application of poly coated kraft paper ranges from various industries such as food & beverage, healthcare, personal & home care which is expected to raise the demand for poly coated kraft paper market.
Poly coated kraft paper’s attributes such as resistance to oil, grease, water, and puncture make it an ideal alternative compared to other rigid packaging formats. Poly coated kraft paper has its usage in the export-import industry since it is an economical and effective packaging solution. This will have a positive impact on the poly coated kraft paper in the forecasted period of 2019-2029.
Growing concerns for the environment and waste generation along with demand for eco-friendly packaging solutions is predicted to hike the demand for the poly coated kraft paper. Along with its attributes such as durability, water-resistance and tear resistance might lead the brand owners to adopt the poly coated kraft paper. Increasing consumer awareness and about eco-friendly packaging is likely to positively impact the growth for the poly coated kraft paper market.
Environment-friendly packaging is gaining popularity amongst the brand owners because of the government’s regulatory norms on the usage of banning single-use plastics. This has triggered the shift of manufacturers to produce environment friendly packaging formats thereby positively impacting the growth of the poly coated kraft paper market.
Furthermore, improving lifestyle of due to the rise in general income level and increased consumption of food & beverage, healthcare products and home care products predominantly in the developing countries is likely to fuel the demand for poly coated kraft paper and is predicted to flourish the growth of poly coated kraft paper market in the years to come.
Rising demand for eco- friendly packaging solutions and government initiatives are going to foster the demand for greener packaging alternatives in developing countries such as Japan, China and India.
Thus, the Asia Pacific region is expected to dominate the poly coated kraft paper market owing to growing industrialization, developments in the building and construction and increased consumption of food, beverages, medicines and homecare products. The European market is expected to grow at a steady growth rate owing to the regulatory norms of banning the consumption of non-recyclable single-use of plastics by the government.
The key players in the poly coated kraft paper market are:
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, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on poly coated kraft paper market segments and geographies.
The global poly coated kraft paper market is segmented by grade, packaging format and end use. The pricing for tuck top box has being done based on grade segment in US$ million, and the volume is considered in tonnes.
By Grade, the poly coated kraft paper market has been segmented as
By packaging formats, the poly coated kraft paper market has been segmented as
By end use, the poly coated kraft paper market has been segmented as
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Poly coated Kraft Paper Market
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