Global Coated Papers Market 2017-2021
About Coated Papers
Coated papers are generally coated with a polymer or compound to enhance their properties such as smoothness, weight, surface gloss, and reduced ink absorbency. They are mainly used in packaging and printing applications.
Technavio’s analysts forecast the global coated papers market to grow at a CAGR of 3.43% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global coated papers market for 2017-2021. To calculate the market size, the report considers the retail selling price as the average selling price for the product.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Coated Papers Market 2017-2021
Technavio recognizes the following companies as the key players in the global coated papers market: Nippon Paper Industries, Oji Holdings, Sappi, Stora Enso, and UPM.
Other Prominent Vendors in the market are: Arjowiggins, APP (Asia Pulp & Paper), Arbor Private Investment, Michelman, Packaging Corporation of America, Ingredion, Resolute Forest Products, Twin Rivers Paper, and Verso.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is cost-effective biodegradable packaging. The food and beverage packaging segment is expected to witness high growth. The change in consumer attitudes and the increasing preference for eco-friendly packaging materials are driving the demand for coated papers in food and beverage packaging. The emerging trend in the market is the focused effort by the market players to produce cost-effective biodegradable packaging materials. Vendors are investing in new innovations and technologies to develop cost-effective methods of production to overcome the challenges in the production stage.”
According to the report, one of the major drivers for this market is growth in packaging industry. The global packaging market is expected to grow at a CAGR of 4.56% and will reach $1,121 million by 2021. The increase in demand for flexible packaging will drive the coated papers market. The growth of the global packaging industry since 2005 had a significant impact on the increased demand for flexible packaging from the consumer goods industry. The view that packaging is an effective tool for marketing and promotion has also had a positive impact on market growth. The increase in the demand for food packaging materials will likely increase the market demand for coated papers during the forecast period.
Further, the report states that one of the major factors hindering the growth of this market is rising pulp prices. Pulp is one of the main raw materials used for the production of coated papers. The decrease in plantations and the cutting down of trees have led to the declining supply of pulp for the global coated papers market. In 2015, global wood pulp prices soared to the highest recorded and scaled past the previous peak price. The price of wood pulp is expected to increase further at an annual rate of 5.1% until 2019. The price of wood pulp will also be reflected in the domestic price of paper, which is anticipated to have an annual growth rate of around 3.2% in the next three years. The volatile prices of raw materials will directly affect the revenue and profit margins of manufacturers.
Nippon Paper Industries, Oji Holdings, Sappi, Stora Enso, UPM, Arjowiggins, APP (Asia Pulp & Paper), Arbor Private Investment, Michelman, Packaging Corporation of America, Ingredion, Resolute Forest Products, Twin Rivers Paper, and Verso.