According to the study, the global polycoated paper packaging market is projected to grow at a significant rate during the year 2021-2031. The demand for poly-coated paper packaging has increased because of its application in various industries like food and beverages, building and construction, chemicals, cosmetics and personal care, automotive and so on.
The polycoated paper packaging market is growing not only in developed regions but also in developing countries. Asia Pacific region is one of the opportunistic markets for polycoated paper packaging because of ongoing developments in building and construction, growing industrialization, increase in the consumption of food, beverages, consumer products, etc.
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Multiple Properties of Polycoated Paper Packaging Escalating Demand
The demand for polycoated paper packaging has increased owing to the numerous properties of this material that benefits various industries. The polycoated paper packaging imparts hygiene, increases the preservation times and has heat sealing ability. Moreover, the polycoated paper packaging also possesses grease, aroma, gas and moisture barrier properties.
This paper packaging has a special design such as the shiny or waxy coating on one or both sides and it is durable in nature that makes it versatile for usage in different industries such as food service, packaging, steel production and shipping. This polycoated paper packaging can be applied to various types of paper like kraft papers, liner board and so on with coating done on one or both sides as per the usage.
Polycoated paper packaging is preferred over other plastic packaging formats in order to combat the hazardous effects of those plastic formats on the health of the people and the environment. The concerns for the environment and waste management have increased the demand for these environment-friendly polycoated paper packaging materials worldwide.
North America Demand Outlook for Polycoated Paper Packaging Market
North America will have growth opportunities for polycoated paper packaging market in the forecasted period. The most usage is in the food and beverages sector of United States owing to the culture of packaged food consumption in the region. Moreover, the growth of paper and packaging industry will impact the demand of these polycoated paper packaging significantly.
Europe Polycoated Paper Packaging Market Outlook
The European market will have a significant growth in polycoated paper packaging market because of the regulatory norms of the government banning the use of non-recyclable single-use plastics in the region. The polycoated paper packaging is encouraged as it has low carbon footprints resulting in less environmental pollution.
Polycoated Paper Packaging Market: Key Players
Some key manufacturers operating the business in the polycoated paper packaging market globally includes
- Smurfit Kappa Group PLC
- Patels Poly- Pack
- Hariom Flexipack Industries
- Tokushu Tokai Paper Co Ltd
- Komar Alliance LLP
- Canfor Corporation
- Nordic Paper AS
- Tribex Corporation
- Savvy Packaging Pvt. Ltd
- and so on.
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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Polycoated Paper Packaging: Market Segmentation
Based on Product Type:
- Bleached
- Unbleached
Based on Product Form:
- Printed polycoated paper
- Unprinted polycoated paper
Based on Application:
- Food and Beverages
- Cosmetics and personal care
- Automotive
- Building and Construction
- Electrical and Electronics
- Chemical
- Others (Animal Feed,etc.)
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