ALBANY, NY, February 8, 2022 /PRNewswire/ — Advances in papermaking machines are expanding the scope of sustainable and compostable packaging solutions for end-use industries. Subsequently, the manufacturers of poly coated paper market unveil biodegradable polymers to develop environmentally friendly products. The poly coated paper market is expected to grow at a CAGR of 4.4% during the forecast period 2021-2031.
Poly coated paper manufacturers are focused on making the supply chain sustainable through the digital transformation of their operations. In particular, a robust and resilient chain allows them to reduce lead times and manage breaks in the value chain comprising raw material suppliers and packaging companies in the poly coated paper market. Additionally, technologically advanced paper machines have helped reduce the environmental footprint of paper packaging processes, increasing revenue potential for years to come.
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The steady demand for paper-based packaging for the pharmaceutical and food industries will generate additional opportunities for market players over the forecast period. Other end-use industries in the poly coated paper market are consumer goods, agriculture and personal care and cosmetic industries.
Key Findings from the Poly Coated Paper Market Research
- Polyolefin Polymer Pickup Tensile For Coating Application: Polyolefin Polymers were the most widely used materials and the segment contributed 81.1% market share in 2021, according to the TMR study on the poly coated paper market. The ease of supply and versatility of use of the polymer has supported abundant sources of revenue over the years.
- Extensive research and development in sustainable solutions promoting the use of biodegradable polymers: Biodegradable polymers are gaining popularity as a sustainable food packaging solution in the poly coated paper market. The product segment demand is expected to increase for cosmetics packaging and personal care products due to increasing pollution from the disposal of single-use plastics. The growing trend in the foodservice industry to adopt sustainable packaging solution is boosting sales prospects, analysts agree in the poly coated paper market report. Moreover, the progress made in the HoReCa (hotels, restaurants and cafes) industry strengthens the paths for growth.
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Poly Coated Paper Market: Key Drivers
- The shift from plastic packaging to paper-based packaging is opening lucrative opportunities in the poly coated paper market. Advances in nanotechnology and R&D in surface coating systems have broadened the horizon.
- Strict regulations on the use of single-use plastic packaging products have boosted the market outlook. One example is persuading companies in the catering industry to reduce waste from single-use packaging products.
Poly Coated Paper Market: Regional Growth Dynamics
Asia Pacific is a very lucrative poly coated paper market. The regional market is expected to grow by 2.1X during the forecast period. The rise in the use of coated poly paper for food, personal care and cosmetics, and pharmaceutical packaging has boosted revenue generation, say analysts of the TMR coated poly paper market study.
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Poly Coated Paper Market: Key Players
The report provides a detailed assessment of key financial data of various companies, strategies of key players and their SWOT analysis. Some of the major poly coated paper market players are Billerudkorsnas AB, Nordic Paper AS, Ahlstrom-Munksjö Oyj, Feldmuehle GmbH, ITC Limited, Mondi Plc., International Paper Company, Gascogne Group, Stora Enso Oyj and WestRock Company. The study made an assessment of the company’s segmental turnover over the past five years.
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Segmentation of the global poly coated paper market
Poly Coated Paper Market by Coating Material
- Polyolefin polymers
- Polyethylene (PE)
- High Density Polyethylene (HDPE)
- Low density polyethylene (LDPE)
- Polypropylene (PP)
- Functional polyolefins
- Ethylene-acrylic acid (EAA) copolymer
- Ethylene acrylate copolymer
- Biodegradable polymers
- Acrylic polymers
- Polyethylene terephthalate (PET)
- Other coating materials (block copolymer, rubber, starch)
Poly Coated Paper Market by Application
- Cups and lids
- Bags and pouches
- Ribbons and labels
- Films and films
Poly Coated Paper Market by End Use
- Bakery & Confectionery
- Ready to eat
- Fruits and vegetables
- Dairy products
- Consumer goods
- Personal care and cosmetics
Poly Coated Paper Market by Region
- North America
- Latin America
- Asia Pacific
- Middle East & Africa
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