Major players in the poly coated kraft paper market are WestRock, Nordic Paper AS, Mondi PLC., Segezha Group, Canadian Kraft Paper Industries Ltd., Georgia-Pacific LLC, Smurfit Kappa Group Plc., International Paper Company, Gascogne Group, Canfor Corporation, Billerud AB, Acorn Paper Products, Delta Paper, Taylor Packaging, and Oji Holdings Corporation.
The global poly coated kraft paper market is expected to grow from $4.04 billion in 2022 to $4.25 billion in 2023 at a compound annual growth rate (CAGR) of 5.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The poly coated kraft paper market is expected to grow to $5.14 billion in 2027 at a CAGR of 4.9%.
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.
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.
Asia-Pacific was the largest region in the poly coated kraft paper market in 2022.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 and Africa.
The grades involved in poly coated kraft paper are unbleached, bleached, and natural.Unbleached refers to paper that is not made whiter or lighter by a bleaching process.
The packaging format involved are bags, sacks, pouches, and envelopes that are used for food and beverages, building and construction, automotive, cosmetics and personal care, electrical and electronics, chemicals, and agrochemicals, and other end uses.
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.
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 2020, Mondi, a UK-based product packaging company with innovative and sustainable packaging and paper solutions, launched NextLiner, a poly-coated kraft paper release liner.It is the first sustainable poly-coated kraft paper (PCK) release liner in the world.
These liners are currently discarded after pressure-sensitive adhesive (PSA) products are used, even though they are essential for carrying and protecting PSA products.Mondi’s NextLiner paper is made from recycled paper with a renewable coating.
The environmental footprint can be reduced by using recycled fibers and renewable materials. It is used in graphic arts, tapes, and other industrial applications.
In December 2021, BillerudKorsnäs, a Sweden-based paper mill company acquired Verso for $825 million.Through this acquisition, BillerudKorsnäs 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.
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.
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.
The poly coated kraft paper market research report is one of a series of new reports 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.