Poly Coated Kraft Paper Market Report 2024: Global Analysis and Outlook

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.

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.

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Eco-Friendly Packaging Propels Poly-Coated Kraft Paper Market Growth
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.

Competitive Landscape -
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

Product Innovation Revolutionizes Poly-Coated Kraft Paper Packaging
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.

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Key Segments -

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

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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