PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1171413
PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1171413
The global paper coating material market size is projected to grow at a CAGR of 4.91% to reach US$2.506 billion by 2027, from US$1.792 billion in 2020.
The materials that are used to apply a base coat on different types and grades of paper in order to improve their technical and physical properties such as brightness, smoothness, and glossiness, among others, are called paper coating materials.
The popularity of paper coating materials is increasing in different industries, including the paper industry, in order to provide better quality paper to different end-users and consumers, which does not deteriorate easily and is able to retain and show properties such as better ink binding and anti-blister properties. In addition, there are rising concerns among the different end-users about deploying eco-friendly and sustainable packaging solutions for their premium and perishable products, which is also being supported by the rising penetration and popularity of e-retail and e-commerce channels. These services are being used by the population to purchase different products such as consumer electronics, cosmetics, and personal care items, among others. Therefore, these factors are leading to the faster adoption of paper coating products and chemicals and are playing a role in augmenting the market's growth over the forecast period.
Product offerings by major market players in the paper coating material market
The market players are highly active in the market by offering and making available a variety of paper coating materials with enhanced and advanced flavours and textures in order to cater to the rising demands from different distribution channels. This in turn helps them improve their market position and they are contributing to the market growth over the forecast period.
Some of examples of product launches and offerings are as follows:
The Asia-Pacific regions are estimated to hold a noteworthy market share and show modest growth throughout the forecast period owing to the rising number of construction activities and the requirement of corrugated boxes for packaging purposes by the consumer electronics industry.
The Asia-Pacific region is estimated to hold a noteworthy share and show modest growth over the forecast period. This is attributed to the fact that there is rising demand from different industries for applications such as paint additives and paper coatings owing to rising construction activities and the building of residential areas due to the rising population in countries such as India and China. Moreover, the well-established consumer electronics industry in China is increasing its production due to the rising demand for electronic devices, among other products, being facilitated by the rising disposable income of the low-income and middle-income populations. These factors are also leading to an increase in the demand for paper coating for corrugated paper boxes for packaging purposes.
Recent Developments
COVID-19 impact on Paper Coating Materials Market
The COVID-19 pandemic had a negative impact on the global paper coating materials market due to the implementation of a global lockdown, which halted all manufacturing operations around the world, particularly in the initial period. Moreover, the packaging industry was severely hampered due to supply chain disruptions, production facility closures, raw material shortages, and a lack of labour force, which had a direct impact on the global paper-coating materials market. Furthermore, the market experienced a significant drop in demand for consumer goods and raw materials from various industries in various regions resulting in the loss of corrugated packaging manufacturers, and lowering demand for paper coating materials during the pandemic.
Market Segmentation:
Kaolin Clay
Titanium dioxide
Calcium carbonate
Starch
Others
One Side
Both Sides
North America
South America
Europe
Middle East and Africa
Asia Pacific