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.
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.
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: Segmentation
Polycoated Paper Packaging Market can be segmented by packaging format, thickness, and end-use.
Based on the packaging format, the polycoated paper packaging market has been segmented as
Based on the thickness, the polycoated paper packaging market has been segmented as
- Less than 20 mm
- 21-30 mm
- 31-50 mm
- More than 50 mm
Based on end use, the polycoated paper packaging market has been segmented as
- Cosmetics & Personal Care
- Food & Beverage
- Others (Chemicals, Animal Feed, etc.)
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.
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
- Middle East & Africa (MEA)
- South Asia
- East Asia
- A detailed overview of the parent market
- Changing polycoated paper packaging market dynamics in the industry
- In-depth Polycoated Paper Packaging Market segmentation
- Historical, current, and projected market size regarding volume and value
- Recent industry trends and developments in the polycoated paper packaging market
- Competitive landscape
- Strategies for key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for players to sustain and enhance their market footprint
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.