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Polyethylene Coated Paperboard For Packaging Market Segmented By raw material type such as LDPE and HDPE with product type such as One sided PE and Two sided PE
Recent years have seen an increase in the importance of barrier packaging which gives protection to products from dampness and heat. Polyethylene coated paperboard is appropriate for packaging those applications where barrier properties for moisture are necessary. The polyethylene coated paperboard likewise provides a simple and efficient way for sealing the package.
The main advantage of polyethylene coated paperboard is the multiple layers which give excessive protection to the product. Polyethylene coated paperboard is mainly used for packaging of applications such as fruits, vegetables, meat & seafood, ice cream, confectionery, etc. As a result of this, polyethylene coated paperboard have seen comprehensive growth over the forecast period 2017-2025.
Due to the awareness of barrier protection by the consumers, the market for polyethylene coated paperboard for packaging has seen impressive CAGR over the forecast period. Some of the key factors which are increasing the prominence of polyethylene coated paperboard for packaging are the good moisture barrier and heat sealing property of polyethylene coated paperboard.
In addition, it also stops leakage of liquids items from the container made of polyethylene coated paperboard. Furthermore, polyethylene coated paperboard made up of HDPE have high temperature limit which can withstand scraping and have better barrier protection than LDPE.
Major restraint for polyethylene coated paperboard for packaging is that due to multiple layers of polyethylene and paperboard the problem for recycling occurs as most of the paperboard without coating are recycled and used.
Moreover, the fluctuations in the prices of polyethylene and different resins are restraints for the growth of polyethylene coated paperboard. Some of the grades of polyethylene coated paperboard are not suitable for food products can be considered as a restraint for the market.
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The global polyethylene coated paperboard for packaging market can be divided into seven major regions which are as follows -
North America is anticipated to be the largest market for global polyethylene coated paperboard for packaging market, primarily focused by manufacturer for preference towards polyethylene coated paperboard for packaging.
Followed by Asia-Pacific region with the second largest market of polyethylene coated paperboard for packaging is anticipated to have the highest CAGR over the forecast period 2017-2025.
Europe is also expected to witness a decent growth for polyethylene coated paperboard for packaging market throughout the forecast period. MEA region is anticipated to have above average growth for polyethylene coated paperboard for packaging market over the forecast period.
Few of the key players in the polyethylene coated paperboard for packaging market are Iggesund Paperboard; a subsidiary of Holmen AB, Stora Enso OYJ, Georgia-Pacific LLC, WestRock Co, Tetra Laval International S.A., Sappi Ltd, Nippon Paper Industries Co Ltd, etc.