A recent report published by
Infinium Global Research on the coated paper market provides an in-depth analysis of
segments and sub-segments in the global as well as the regional coated paper
market. The study also highlights the impact of drivers, restraints, and macro
indicators on the global and regional coated paper market over the short term
as well as long term. The report is a comprehensive presentation of trends,
forecasts, and dollar values of the global coated paper market. According to the
report, the global coated paper market is projected to grow at a CAGR of over 3%
over the forecast period of 2022-2028.
The global coated paper market was
valued at over USD 48 billion in 2022 and is expected to reach nearly USD 58 billion
in 2028, with a CAGR of over 3% during the forecast period. Coated papers have
a layer of clay or polymer applied on either or each side. Such sheets lead to
brighter and sharper images in printing and also provide better reflectivity
compared to uncoated variants. The layer also adds a glossy and shining texture
to the paper, giving it an expert touch to be utilized in magazines and other
publications. Additionally, these papers ensure sharp images because the ink
doesn't seep through. These products are dust resistant and need less ink
because of better ink holdout. This makes them suitable for various finishing
techniques like spot varnish. Rising demand for advertising and packaging in
several industries will boost product demand over the forecast period.
Proliferating internet trade and
therefore the e-commerce industry are the prime factors driving the market
growth. The rising popularity of home-delivered food and household products
creates an upsurge in packaging, which can drive the demand during the forecast
period. Increasing demand for grocery bags, paper bags, waterproof bags for
potable & milk, and shopping bags are expected to reinforce the market
growth during the forecast period. Furthermore, stringent government rules
restricting to use of plastic packaging are creating a shift toward paper
packaging, which is able to fuel the expansion of the market. The shifting
global trend toward the utilization of eco-friendly products and also the ban
on plastic packaging across the food & beverages industry is driving a shift
toward the usage of bio-based and degradable packaging materials. This trend is
predicted to push the market growth during the forecast period. However, the
coated paper market segment is predicted to face stiff competition from its
counterpart, uncoated papers in terms of cost. This factor may have a negative
impact on market growth.
For customers, companies, and
societies around the globe, the coronavirus (COVID-19) pandemic is causing
widespread uncertainty and economic slowdown. The outbreak of COVID-19 brought
a negative impact on the coated paper market share because of the imposition of
lockdown. Manufacturers face the actual challenges of the crisis and makers of
paper and packaging face production problems. Various challenges are faced by
the manufacturers like managing potentially disrupted supply chains, assessing
the turbulent conditions, and maintaining employees at the identical time
during the covid-19 pandemic. Because of these factors, the expansion of the
market was hampered during the forecast period.
Based on the region, the worldwide
coated paper market is segmented into the Asia Pacific, North America, Europe,
and also the Middle East & Africa. Among the regions, North America holds
the largest share of the worldwide coated paper market. The increasing presence
of various major manufacturers, which has increased the manufacturing of coated
paper, will fuel the expansion of the market during the forecast period.
Moreover, with the growing environmental concern and government initiatives to
decrease plastic consumption Europe is projected to propel the expansion of the
coated paper market during the forecast period. However, The Asia Pacific
region is anticipated to dominate the expansion of the market during the
forecast period.
The report on the global coated paper
market covers segments such as application, coating material, and type. On the
basis of application, the sub-markets include printing, packaging, business
communication, labels, coated fine paper, and standard coated fine paper. On
the basis of coating material, the sub-markets include art papers, grounded calcium carbonate, precipitated calcium carbonate,
kaolin clay, talc, wax, and others. On the basis of type, the sub-markets
include standard coated fine paper, low coat weight paper, art paper, coated
fine paper, coated groundwood paper, and others.
The report provides profiles of
the companies in the market such as Oji Holdings Corporation, Nippon Paper
Industries Co., Ltd., Stora Enso OYJ, GF Biochemicals Ltd., Sappi Limited,
Verso Corporation, UPM, Resolute Forest Products, Packaging Corporation of
America, and Dunn Paper Company.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of the coated paper market. Moreover, the study highlights current market
trends and provides forecasts for 2022-2028. We also have highlighted future
trends in the market that will affect the demand during the forecast period.
Moreover, the competitive analysis given in each regional market brings an
insight into the market share of the leading players.
Please Choose One of them.