Polycoated Paper Packaging Market Economic Conditions, Acquisitions, Developments and Forecast by 2030

 

Polycoated Paper Packaging Market: An Overview

The polycoated paper packaging market is gaining traction due to the awareness of barrier protection by the consumers as it provides safety from moisture, temperature, sunlight etc. Polycoated paper is a mixture of paper pulp and chemicals to improve surface properties such as weight, gloss, smoothness and ink retention. The polycoating makes the base paper less porous making it ideal for graphics and printing purposes.

Rising concerns about the environment and waste generation have created an upsurge in demand for eco-friendly solutions in regards to packaging. The increasing consumer awareness regarding sustainability is likely to have a positive impact on the Polycoated paper packaging market. The application of polycoated paper ranges in various industries such as pharmaceutical, personal & healthcare, food & beverage, and many others. Polycoated paper packaging is one of the easy and cost-effective packaging solutions that reduce damages during transit. This packaging offers a glossy outlook that maintains the attractiveness of the packaging and also protects against corrosion of electronic products.

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Polycoated Paper Packaging Market: Dynamics

The key factors that are increasing the prominence of polycoated paper packaging are the increased durability, moisture-proof, quality printing. Furthermore, polycoated paper stops the leakage of liquid items from sachets, containers. The environmental concerns and the government regulatory rules regarding the usage of green packaging since the ban of single-use plastic in many countries have created a positive impact on the growth of the polycoated paper market.

The rising concern of safety and hygiene since the Covid-19 outbreak is increasing the demand for polycoated paper packaging solutions as it also complies with the standard set by food and drug administration. Consumers are improving their lifestyles due to the rise in disposable income in developing countries which is likely to fuel the demand for polycoated paper packaging across the globe.

Despite the growth factors, few factors act as a restraint in the growth of the polycoated paper packaging market. The high cost that applies to recyclability hampers the growth of the polycoated paper packaging market. Many manufacturers cannot afford the technology that helps in easy recyclability due to the less technological advancement of the country. Another factor that affects the growth is the lack of raw material used for the manufacturing of the packaging solution due to the shutdown of various pulp manufacturing companies.

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Polycoated paper packaging comprises a biodegradable coating on packaging materials that creates a potential opportunity to replace the conventional synthetic paper coating that has better environmental advantages. The attributes that owe to product safety such as preventing corrosion of electronic or automotive parts create a growth opportunity for polycoated paper packaging in the automotive industry as it promotes safe packaging.

Polycoated Paper Packaging Market: Regional Outlook

Rising demand for polycoated paper packaging is expected to dominate in the Asia Pacific region especially in developing countries like India, China and Japan. Owing to the increasing economic development in terms of infrastructure, technology, healthcare development, consumption of food & beverage that requires innovative solutions. Accelerating consumption of online deliveries of food, ready-to-eat meals, e-commerce packages are adding fuel to the growth of polycoated paper packaging.

The North American and European market is expected to grow at a steady rate due to the presence of key players and the stringent rules by the government regarding the ban of single-use plastic. Also, the increasing growth in the healthcare industry is anticipated to boost the growth in the North American region.

Latin America and the MEA region are anticipated to offer an impressive growth opportunity for polycoated paper packaging with development in various sectors right from providing raw materials at low cost and economic development of various end-use industries.

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Polycoated Paper Packaging Market: Key Players

Key players in the polycoated paper packaging market are,

  • Griff Paper and Film
  • Acorn Paper Products
  • Empresas CMPC
  • Pudumjee Paper Products
  • Guangzhou Century Paper Co. Ltd
  • Amror Protective Packaging
  • Nippon Paper Industries Co. Ltd
  • WestRock Company

The report polycoated paper packaging market 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 cement packaging market segments and geographies.

Regional Analysis Includes-

  • North America
  • Latin America
  • Europe
  • Middle East & Africa (MEA)
  • South Asia
  • East Asia
  • Oceania

This intelligence report by TMR is the outcome of intense study and rigorous assessment of various dynamics shaping the growth of the market. TMR nurtures a close-knit team of analysts, strategists, and industry experts who offer clients tools, methodologies, and frameworks to make smarter decisions. Our objective, insights, and actionable analytics provide CXOs and executives to advance their mission-critical priorities with confidence.

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