The global Coated Paper Market is projected to reach USD 7.18 Billion by 2021, at a CAGR of 3.2% from 2016 to 2021. This growth is fueled by high demand for coated paper from various applications due to bio-degradability and eco-friendly characteristics of coated paper. Global demand for coated paper in Asia-Pacific, Europe, and North America is growing, owing to its increased use in printing and packaging applications. Coated paper is preferred over plastics in packaging applications, owing to its eco-friendly characteristics.
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Growth Drivers:
- Development of Customized Grades According to Applications
- New Emerging Markets
Coated paper is witnessing high demand from packaging industries in the Asia-Pacific region. The strategies of new product developments, and acquisitions & mergers adopted by different companies and growth of the packaging industry are the key factors driving the market for coated paper.
Based on coating material, the Grounded Calcium Carbonate (GCC) segment is projected to lead the coated paper market from 2016 to 2021. GCC is mined from natural limestone deposits by fine grinding, washing, and crushing natural white calcite (CaCO3). GCC offers optimum particle size with high brightness, which is essential during the coated paper manufacturing process. GCC improves brightness, opacity, and gloss of the coated paper and is a cost effective coating material.
Based on type, the coated fine paper segment is expected to lead the market for coated paper during the forecast period. Increasing demand from high-end printing of books, magazines, financial reports, and promotional materials has led to an increase in the consumption of coated paper in the printing industry. Coated paper, also being an eco-friendly product, is considered as a food grade product, due to which, it is being used extensively in food and pharmaceutical industries.
Packaging is the largest application segment of the coated paper market. The packaging application segment consists of food packaging, cosmetics packaging, and pharmaceutical packaging. The demand for coated paper for packaging from Asia-Pacific was the highest in 2015. The increased demand for coated paper from the packaging industry is due to its low cost, high thermal stability, and mechanical flexibility. The use of coated paper is estimated to grow rapidly in Asia-Pacific, owing to easy availability of coated paper and presence of several industries using coated paper.
Critical questions which the report answers:
• Which are the key players in the market and how intense is the competition
• Consumption trends of various paper materials in varied applications
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