The global sales of polycoated paper packaging market are estimated to be worth USD 4.6 billion in 2021 and are anticipated to reach a value of USD 6.8 billion by 2031. Sales are projected to rise at a CAGR of 4.0% over the forecast period between 2021 and 2031. The revenue generated by polycoated paper packaging market in 2020 was USD 4.4 billion.
The demand from the food and beverages industry for durable and moisture-resistant packaging acts as a catalyst for the polycoated paper packaging market. The growing emphasis on sustainable materials and eco-friendliness increases the demand for recyclable and biodegradable polycoated paper.
Advances in different coating technologies boost performance and extend the adaptability of the packaging solutions. The growth of the e-commerce market, combined with the high demand for packaging that protects the product during transportation, also presents an opportunity for market growth. Increasing consumer demand for appealing and value-added packaging is also raising demand for polycoated paper packaging.
Global Polycoated Paper Packaging Industry Assessment
| Attributes | Key Insights |
|---|---|
| Historical Size, 2020 | USD 4.4 billion |
| Estimated Size, 2021 | USD 4.6 billion |
| Projected Size, 2031 | USD 6.8 billion |
| Value-based CAGR (2021 to 2031) | 4.0% |
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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 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.
Principal Consultant
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.
Some key manufacturers operating the business in the polycoated paper packaging market globally 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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Polycoated Paper Packaging Market
