PUBLISHER: Market Research Future | PRODUCT CODE: 1727715
PUBLISHER: Market Research Future | PRODUCT CODE: 1727715
Global Coated Paper Market Research Report Information By Coating Process (Extrusion and Dispersion), By Application (Bags and Pouches, Cups, Labels, Printing, and Trays), by End Use (Building and Construction, Cosmetics, Food and Beverages, Pharmaceuticals, and Other End-Users) and By Region (North America, Europe, Asia-Pacific, and Rest of the World) Market Forecast Till 2032
The coated paper market was valued at USD 10.46 billion in 2022. The Coated Paper market industry is expected to increase at a compound annual growth rate (CAGR) of 4.82% over the forecast period. Growing demand for paper coating materials in the printing and packaging sectors, as well as extensive industrial adoption of digital technologies, are important market drivers boosting growth.
Product demand will rise in the near future due to an increase in the necessity for advertising and packaging in many industries. Another element contributing to increased product demand is the expanding effect of advertisements in media such as newspapers, magazines, brochures, and catalogues. Furthermore, the move toward environmentally friendly and innovative packaging has resulted in bio-degradable packaging choices, which are a major market driver. Coated papers feature a layer of clay or polymer on one or both surfaces. These sheets have more reflectivity and produce brighter and clearer images when printed than their uncoated equivalents. Furthermore, the layer gives the paper a glossy, shiny finish that is suitable for usage in magazines and other publications. These sheets also provide clean photographs because the ink does not bleed through. Because of their better ink persistence, these goods are dust resistant and require less ink. This qualifies them for a variety of finishing procedures, including spot varnish.
Market Segment insights
The Coated Paper Packaging market is divided into five segments based on application: bags & pouches, cups, labels, printing, and trays.
The market is divided into two segments based on coating process: extrusion and dispersion.
The market is divided into five end-use segments: building and construction, cosmetics, food and beverages, pharmaceuticals, and other end-users.
Regional insights
The analysis covers market insights for North America, Europe, Asia-Pacific, and the rest of the world. In 2022, the North American Coated Paper industry dominated the industry. This is the result of the United States' strong manufacturing rate. Several leading manufacturers are located in the area, which has resulted in the mass production of coated paper. Businesses rely heavily on paper products since corporate profit is a major role in the US economy, providing a significant opportunity for growth.
The Europe Coated Paper market had a respectable market share in 2022. Many European countries are expected to show an interest in the increased emphasis on environmentally friendly and sustainable paper packaging.
The Asia Pacific coated paper market is predicted to increase significantly between 2023 and 2032. This is owing to increased coated paper production and consumption on the international market. Because of the region's large paper-consuming countries, including as China and India, the demand for the product has spread across industries. Furthermore, the region's burgeoning e-commerce business has raised demand for goods that require printing and packaging.
Nippon Paper Industries Co. Ltd, Oji Holdings Corporation, Stora Enso Oyj, Asia Pulp & Paper, UPM-Kymmene Corp, Arjowiggins SAS, Burgo Group SpA, Ballarpur Industries Limited, Sappi Limited, NewPage Corporation, JK Paper Ltd, Minerals Technologies Inc., Shree Krishna Paper Mills & Industries Ltd, Paradise Packaging Pvt. Ltd, and Emami Group are among the major players in the Coated Paper market.