Coated Paper Market Overview:
The global coated paper market is projected to reach 28.0 million tons by the end of 2025, expanding with a CAGR of 3.4% during the forecast period. In terms of tonnage, the coated paper market accounted for 8.0% of the volume share of the global paper market in 2018.
Coated Paper are predominantly utilized in numerous application such as packaging, printing, and labelling. Coated Paper market is estimated to witness moderate growth due to their wide utilization in end use industries as they possess excellent properties. Moreover, increasing trend for bio-based and degradable packaging along with strict regulations on the usage of plastic packaging in various countries have provided a new momentum for the growth of the market.
Among application segment, printing is expected to register strong growth in the upcoming future due to rising demand in media advertisement such as brochures, catalogues, invitation cards, and pamphlets. In addition, among the product type segment, coated fine accounted for the largest market share in 2018 in terms of value and volume on account of wide utilization in advertising materials.
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Coated Paper Market Key Players:
Stora Enso Oyj, Nippon, Sappi Ltd, UPM-Kymmene Corp, Arjowiggins SAS, Asia Pulp & Paper Co. Limited, Verso Corporation, Imerys S.A., Penford Corporation, Burgo Group S.p.A. among others are some of the prominent players at the forefront of competition in the Global Coated Paper Market and are profiled in MRFR Analysis.
Industry/ Innovation/ Related News:
February 2017- Shurtape Technologies LLC, one of the leading manufacturers of pressure sensitive tapes announced the acquisition of Syntac Coated Products, LLC. With this acquisition, the company together provide a wide range of product portfolio which includes cloth and duct, film, packaging, foil, masking and paper and other.
February 2017- Cascades Sonoco joint venture announced to invest around USD 16 million at its Birmingham facility, Alabama, U.S. This investment brings the installation of new equipment and is expected to produce 40,000 to 50,000 tons of sustainable coated materials per annum.
November 2016- Expera Specialty Solutions announced to enhance its Rhinelander operations at its former printpack building. This expansion is predicted to allow Expera to bring new coater technology for their manufacturing process.
March 2016- Huhtamäki established an agreement to expand the joint venture relationship with Olayan Saudi Holding Company in Arabian Paper Products Company. With this announcement the company is planning to expand its footprint in Gulf Cooperation Council (GCC) countries such as Kuwait, Bahrain, the United Arab Emirates, Qatar, Oman, and Saudi Arabia among others.
Coated Paper Market Regional Analysis:
Geographically, Asia Pacific emerged as the largest market for coated paper in 2016 and is estimated to retain its dominance over the assessment years on account of increasing demand from printing as well as labelling industry. In addition, Asia Pacific is expected to witness healthy growth on account of rising demand from various end use industries specifically in China, India, Japan, Vietnam, Thailand, Malaysia, Taiwan, and South Korea. Furthermore, rising per capita disposable income in this region along with rapid industrialization has enabled greater production and sales of printing products. Moreover, increasing demand for packaged food along with increasing number of working professionals is expected to drive the market growth.
Coated Paper Market Segmentation:
The global coated paper market has been segmented by raw materials, product types, applications, and region. Segmental evaluation allows for a complete assessment of the market and assists in identifying factors that affect the market.
By raw materials, the market has been segmented into ground calcium carbonate (GCC), precipitated calcium carbonate (PCC), kaolin clay and others. PCC, which is a manufactured material, is most commonly used in applications where the customer has specific requirements regarding paper properties. Meanwhile, GCC is extracted from natural sources and is used for its light scattering and brightness properties.
By product types, the market has been segmented into standard coated fine, coated fine, coated groundwood and low coat weight. Coated fine paper possesses the largest market share due to its extensive use in advertising and as art paper.
Coated Paper Market Table of Content to be Continue…...,
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