Coated Paper Market is projected to be worth USD 29.9 Billion by 2030, registering a CAGR of 4.4% during the forecast period (2022 - 2030).
Coated Paper Market Overview
The coated paper market is expected to gain a market value of USD 29,900 million by 2030 at a CAGR of 4.4% over the forecast period of 2022-2030.
Coated paper is a matte-finish or glossy paper that has been coated on one or both sides with a compound made of clay and carbonates to produce a high-quality surface that can be used for various tasks, including the printing of magazines, advertisements, packaging, and other uses. When printing, these sheets produce images that are brighter and clearer and have better reflectivity than uncoated versions. The layer also gives the paper a glossy, shiny texture that makes it suitable for use in magazines and other publications.
The market for coated paper has experienced a slowdown in activity because of the COVID-19 pandemic. Manufacturers are concentrating on sectors such as consumer products, medicines, and food and beverage to stay afloat financially. Since people are becoming more aware of sustainable business and manufacturing practices, cash-rich firms are gaining popularity by setting up research and development in biodegradable solutions.
Global Coated Paper Market Share, By Application, 2018 (%)Regional Analysis
The global coated paper market has been studied across five key regions, namely Asia-Pacific, North America, Latin America, Europe, and the Middle East & Africa. Based on market volume share, Asia-Pacific is estimated to hold more than one-third of the global market share. India and China together are projected to be the key driving countries in the Asia-Pacific region. The rapidly growing packaging industry and shifting demographic preference towards packaged foods along with rapid population growth are expected to push the growth in Asia-Pacific. Europe is the second largest market for coated paper owing to established food and beverages and packaging industry. North America is projected to witness moderate growth during the forecast period. Latin America and Middle East & Africa are projected to account for a relatively small share in the global market. However, the remains are expected to cater to the steady growth opportunity during the forecast period.
The global coated paper market has been segmented based on coating material, application, and region.
On the basis of coating material, the global market has been categorized as ground calcium carbonate (GCC), precipitated calcium carbonate (PCC), kaolin clay, wax, and others
By application, the global market has been divided into packaging, printing, labels, and others
The global market, by region, has been segregated into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa.Recent Development
|Market Size||2030: USD 29,900 Million|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Coating Material, Type, Application and Region|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Nippon Paper Industries Co., Ltd (Japan), Oji Holdings Corporation (Japan), Stora Enso Oyj (Finland), Asia Pulp & Paper (Indonesia), UPM-Kymmene Corp (Finland), Arjowiggins SAS (France), Burgo Group SpA (Italy), Ballarpur Industries Limited (India), Sappi Limited (South Africa), NewPage Corporation (US), JK Paper Ltd (India), Minerals Technologies Inc., Shree Krishna Paper Mills & Industries Ltd, Paradise Packaging Pvt. Ltd, Emami Group|
|Key Market Opportunities||Eco-friendly products and ban of plastic packaging across the food & beverages industry is driving a shift towards the usage of bio-based and degradable packaging materials|
|Key Market Drivers||Increasing utilization of coated paper across the packaging industry|
The coated paper market is projected to grow at a 4.4% CAGR between 2022-2030.
The coated paper market is predicted to touch USD 29,900 million tons by 2030.
The Asia Pacific is expected to lead the coated paper market.
It is widely used in labels, printing, packaging, and others.
Reduction in raw material supply, and trend of e-commerce and digitalization may limit market growth.