The market for coated paper is going through critical turns of events, which are demonstrative of the paper business' developing climate and moving customer tastes. A synopsis is given as a concise section, joined by fundamental focuses:
Expanding Interest for Feasible Bundling Arrangements: The rising interest in manageable bundling arrangements is a huge pattern in the coated paper market. A shift toward eco-accommodating materials is happening in light of expanding natural cognizance; coated paper, which is perceived for its recyclability and biodegradability, is getting momentum. Especially, coated paper is acquiring prominence in the bundling business as a manageable option in contrast to non-recyclable bundling materials.
The presentation of computerized printing is filling in as an impetus for development inside the covered paper industry. Because of their smooth surface, coated paper is inclined toward computerized printing applications as they add to an improvement on paper quality. The heightening commonness of computerized printing procedures, especially inside the spaces of visual depiction and publicizing, is driving the requirement for coated paper that produces prints of outstanding variety and goal.
Expanding Reception in Naming and Bundling: The utilization of coated paper in marking and bundling applications is expanding in notoriety. Coated paper is great for pressing materials like marks and collapsing containers because of their prevalent printability, smooth completion, and ability to help top notch illustrations. The rising accentuation of brand owners on stylishly satisfying and instructive bundling is driving the interest for coated paper inside the bundling area.
A perceivable progress is happening towards lightweight coated paper as a response to the interest for harmless to the ecosystem and conservative other options. Lightweight coated paper give the upside of diminished material utilization without forfeiting execution, delivering them appropriate for a large number of printing and bundling purposes. This peculiarity is reliable with tries to ration energy and limit natural repercussions.
Development of the Asia-Pacific Locale as a Key Market locus The Asia-Pacific district is turning into an inexorably essential market locus for covered paper. Expanded purchaser interest, fast industrialization, and monetary development in countries, for example, China and India are factors impelling the interest for coated paper. The district's significance is also underlined through interests in best in class producing offices and progress in covering advances.
Troubles Connected to Provisions Chain Interruptions and Natural substance Costs: The coated paper market is stood up to with hardships including supplies chain disturbances and unrefined substance costs. coated paper fabricating costs are considerably affected by varieties in the expense of cellulose and other fundamental data sources. Moreover, disturbances in the production network brought about by cataclysmic events or worldwide occasions might block the capacity of makers to fulfill market interest.
Report Attribute/Metric | Details |
---|---|
Market Opportunities | Expansion opportunities in developing countries |
Market Dynamics | Growing demand for paper coating materials from the printing and packaging industry and widespread digitalization across industries |
Coated Paper Market size was valued at USD 21.5 Billion in 2022. The Coated Paper market industry is projected to grow from USD 22.5 Billion in 2023 to USD 31.7 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.40% during the forecast period (2024 - 2032). Growing printing and packaging sector demand for paper coating materials and widespread industrial adoption of digital technology, are the key market drivers enhancing the market growth.Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Over the foreseeable period, increased need for advertising and packaging across various industries will drive up product demand. The growing influence of advertisements in publications like newsprint, magazines, brochures, and catalogues is another factor driving up product demand. Additionally, the trend towards eco-friendly and innovative packaging has given rise to bio-degradable packaging options, which serve as a major market driver. Papers that have been coated have a clay or polymer layer added to one or both sides. These sheets have improved reflectivity and generate pictures that are brighter and clearer when printed than uncoated counterparts. Additionally, the layer provides the paper a glossy, shining feel that is ideal for use in magazines and other publications. These papers also guarantee clear photos because the ink does not bleed through. Due to superior ink persistence, these items are dust resistant and use less ink. This qualifies them for various finishing methods like spot varnish.
Coated papers are used for a variety of functions, such as printing invites and for ornamentation, giving players numerous options for advancement. The e-commerce business has been propelled by the increasing popularity of online and digital platforms, which has led to an increase in in-home delivery services. This has increased the demand for packaging and labelling services and stimulated the market for those services. The growth in demand from the paper production industries, particularly for corrugated boxes and cover bindings, is what is driving the market for paper coating materials.Due to their widespread availability and affordable processing, products containing ground calcium carbonate are anticipated to grow in popularity in the coming years. Talc and Kaolin clay have experienced significant growth recently due to their use as fillers in coatings, and it is projected that this expansion will continue during the forecast period. With the expansion of the stationary and binding industries, there is a greater need for paper's use in food packaging to assure sterility and sanitation.
Due to their great reflectivity, coated papers produce images that are clear and dazzling. Additionally, they offer uncoated papers a superior printing surface, resulting in high-quality printing. Because coated papers are not absorbent, they require less ink to print on and are resistant to dirt and moisture. Wax, clay, kaolin clay, latex, titanium oxide, and other materials are frequently used to coat coated paper, making it shine brighter and improving the clarity of the images printed on it. Because coated paper often has a gloss or matte texture, it can be utilised in a wide range of end-use applications, including catalogues, newspaper inserts, converted paper goods, security papers, periodicals, and advertising materials.Coated paper is widely used for printing because it creates detailed, sharp images. Coated papers tend to weigh more than uncoated papers, giving a print work more weight. Coated paper has better ink holdout (is less absorbent) and is smoother than uncoated paper, making it more appropriate for some finishing procedures like flood or spot varnish or other finish coats. Coating papers are produced by a number of major competitors in the coated paper industry and offer high-quality printing. As a result, it is anticipated that the demand for high-quality prints and images in a variety of magazines, brochures, leaflets, and other publications will fuel the expansion of the coated paper market.
Thus, driving the Coated Paper market revenue.
The Coated Paper market segmentation, based on Coating Material, includes Ground Calcium Carbonate (GCC), Precipitated Calcium Carbonate (PCC), Kaolin Clay, Wax, and Others. Precipitated calcium carbonate (PCC)segment dominated the market in 2022. To make paper and pulp, ground calcium carbonate is the preferred material. Calcium carbonates come in two varieties: precipitated calcium carbonate (PCC) and ground calcium carbonate (GCC).
The Coated Paper market segmentation, based on Type, includes Coated Fine Paper, Standard Coated Fine Paper, Coated Groundwood Powder, Low Coat Weight Paper, Art Paper, and Other. Coated fine paper segment dominated the market in 2022. Coated fine paper is made from pulp that has undergone chemical bleaching and includes less mechanical pulp. The high grammage and exceptional brightness of these papers, which can reach 96%, can be blamed for the increase in their use. Annual reports, journals, advertising materials, and catalogues are frequently produced using offset printing.
The Coated Paper market segmentation, based on Application, includes Packaging, Printing, Label, and Others. Packaging segment dominated the Coated Paper market in 2022.In contrast to flexible plastics, flexible paper packaging solutions are being used, and this has created space for coated paper in the packaging market. One of the top end customers of this product is the FMCG sector, which uses it to package items like flour, sugar, medicines, processed meats, frozen foods, cigarette bundles, and other retail goods.
Figure 1: Coated Paper Market, by Application, 2022 & 2032 (USD Billion)Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North America Coated Paper Market dominated this market in 2022 (45.80%). This is a result of the United States' high manufacturing rate. Several top manufacturers are based in the area, which has led to the mass manufacturing of coated paper. Businesses rely substantially on paper products since corporate profit is a big factor in the U.S. economy, which presents a sizable possibility for expansion. Further, the U.S. Coated Paper market held the largest market share, and the Canada Coated Paper market was the fastest growing market in the North America region.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: COATED PAPER MARKET SHARE BY REGION 2022 (USD Billion) Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe Coated Paper market accounted for the healthy market share in 2022. Many European nations are anticipated to take an interest in the growing emphasis on environmentally friendly and sustainable paper packaging.Further, the German Coated Paper market held the largest market share, and the U.K Coated Paper market was the fastest growing market in the European region.
The Asia Pacific Coated Paper market is expected to register significant growth from 2023 to 2032. This is due to the rise in coated paper production and consumption on the international market. Due to the region's significant paper-consuming nations, like China and India, the market for the product has expanded across industries. Additionally, the region's thriving e-commerce industry has increased demand for goods that need to be printed and packaged. Product usage in print and advertising media gives additional development potential. Moreover, China’s Coated Paper market held the largest market share and the Indian Coated Paper market was the fastest growing market in the Asia-Pacific region.
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Coated Paper market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Coated Paper industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the Coated Paper industry to benefit clients and increase the market sector. In recent years, the Coated Paper industry has offered some of the most significant advantages to medicine. Major players in the Coated Paper market, including 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 attempting to increase market demand by investing in research and development Applications.
A chemical corporation is BASF SE (BASF). Crop protection products, chemicals, polymers, and performance goods are produced, marketed, and sold by it. Solvents, surfactants, food additives, fuel additives, electronic chemicals, adhesives, pigments, paints, fungicides, and herbicides are among the company's product offerings. Construction, furniture and wood, agricultural, electronics and electrical, paints and coatings, automotive, home care, nutrition, chemicals, and other industries are among the many that the company serves. A cutting-edge production line for acrylic dispersions, used in the coatings, construction, adhesives and paper sectors for the South Asian markets, was installed and started up by BASF in Dahej, India, in July 2022.
In 1976, Confoil Pty. Limited was established. The company produces non-folding food containers as part of its business. In June 2022, Confoil and BASF worked together to create a paper-based meal tray that is both certified compostable and dual ovenable. The interior of the paper tray is coated with BASF's ecovio PS 1606, a biopolymer that is certified compostable and partially bio-based that was created especially for coating paper or board-based food 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
NewPage Corporation
JK Paper Ltd
Minerals Technologies Inc.
Shree Krishna Paper Mills & Industries Ltd
Emami Group
March 2022: Toru Nozawa, the CEO of Nippon Paper Industries Co., Ltd., earned the Eco Rail Mark certification for the patent-coated board.
Coated Paper Coating Material Outlook
Ground Calcium Carbonate (GCC)
Precipitated Calcium Carbonate (PCC)
Kaolin Clay
Wax
Others
Coated Paper Type Outlook
Coated Fine Paper
Standard Coated Fine Paper
Coated Groundwood Powder
Low Coat Weight Paper
Art Paper
Other
Coated Paper Application Outlook
Packaging
Printing
Label
Others
Coated Paper Regional Outlook
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