In 2022, the coated paper market was estimated to be worth USD 10.46 billion. Over the course of the forecast period, the coated paper market industry is anticipated to rise at a compound annual growth rate (CAGR) of 4.82%. The main factors propelling the market expansion are the expanding need for paper coating materials in the printing and packaging industries as well as the broad industrial usage of digital technologies.
The demand for products will rise throughout the foreseeable future due to the rising necessity for packaging and advertising across a variety of industries. Another element increasing product demand is the increasing impact of advertisements in magazines, brochures, catalogs, and newsprint. Bio-degradable packaging choices have also emerged as a result of the trend for creative and eco-friendly packaging, and they are a significant market driver. Coated papers have one or both sides covered with a layer of clay or polymer. Compared to their uncoated equivalents, these sheets produce images that are brighter and clearer when printed and have better reflectivity. Furthermore, the layer gives the paper a lustrous sheen that makes it perfect for magazines and other publications. Because the ink doesn't leak through, these sheets also provide crisp images. These products utilize less ink and are dust resistant because of their superior ink persistence. They are therefore eligible for a variety of finishing techniques, such as spot varnish.
Perspectives on Market Segments
The market for coated paper packaging is divided into several segments based on their respective applications, including bags & pouches, cups, labels, printing, and trays.
The market is divided into two segments based on the coating process: extrusion and dispersion.
The market is divided into several end-user segments, including pharmaceuticals, food and beverage, cosmetics, building and construction, and other end-users.
Regional Perspectives
The analysis offers market insights for North America, Europe, Asia-Pacific, and the rest of the world by region. In 2022, the North American coated paper market was the market leader. The high manufacturing rate in the US is the cause of this. The region is home to several leading producers, which has facilitated the mass production of coated paper. Because corporate profit is a significant role in the U.S. economy, businesses rely heavily on paper products, which offers a significant opportunity for growth.
In 2022, Europe's coated paper market held a sizable market share. It is expected that several European countries will be interested in the increasing focus on sustainable and eco-friendly paper packaging.
From 2023 to 2032, the Asia Pacific coated paper industry is anticipated to rise significantly. The increase in the production and use of coated paper on the global market is the cause of this. The market for the product has grown across industries because of the region's major paper-consuming countries, including as China and India. The region's flourishing e-commerce sector has also raised demand for products that require packaging and printing.
Key Players
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., Emami Group, and Nippon Paper Industries Co. Ltd. are some of the leading companies in the coated paper market.
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