The Coated Paper Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Coated Paper Global Market Report 2024, The coated paper market size has grown steadily in recent years. It will grow from $42.45 billion in 2023 to $44.54 billion in 2024 at a compound annual growth rate (CAGR) of 4.9%. The growth in the historic period can be attributed to printing industry growth, packaging requirements, consumer preferences for quality, advertising and marketing needs, environmental concerns and regulations.
The coated paper market size is expected to see steady growth in the next few years. It will grow to $54.04 billion in 2028 at a compound annual growth rate (CAGR) of 5.0%. The growth in the forecast period can be attributed to sustainability and eco-friendly solutions, rise in publishing sector, consumer demand for aesthetics, brand differentiation and marketing strategies, global expansion and industrial growth. Major trends in the forecast period include demand for high-quality print, biodegradability and recyclability, focus on food safety, premium branding, customization and personalization.
The increase in e-commerce platforms is expected to propel the coated paper market going forward. An e-commerce platform is a software application that facilitates the commercial buying and selling of products and services over the internet. The growing popularity of smartphones, simple and cost-effective access to technology and the flexibility of purchasing from anywhere have boosted online retail sales, thus increasing the demand for coated paper used in product packaging. These papers have coated or laminated composite material made from paper or paperboard with a plastic layer or treatment on a surface, reducing the probability of goods being damaged. For instance, in August 2022, according to an article published by the US Census Bureau-Department of Commerce, in the second quarter of 2022, retail e-commerce sales in the United States were $257.3 billion, a 2.7 percent (0.7%) increase from the first quarter of 2022. Therefore, an increase in e-commerce platforms will drive the coated paper market.
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The coated paper market covered in this report is segmented –
1) By Type: Coated Fine, Standard Coated Fine, Coated Groundwood
2) By Coating Material: Kaolin Clay, Precipitated Calcium Carbonate, Grounded Calcium Carbonate
3) By Finish: Matte, Gloss, Semi-Gloss
4) By Application: Printing, Packaging and Labeling
Innovative and environmentally friendly packaging is a significant trend in the coated paper market. Major companies in the coated paper sector are focused on developing 100% plastic-free biodegradable barrier coated paper board to meet consumer demand and strengthen their market position. For instance, in March 2021, West Coast Paper Mills Limited, an India-based company engaged in the production of paper and paperboard launched 100% plastic-free biodegradable barrier coated paper board. This paper is completely free of plastic, coated, biodegradable, suitable for food use, odorless, and repulpable. It also has exceptional heat sealability. These products are ideal for a variety of uses, including trays, cups, food containers, and packaging materials because they don’t include polyethylene or other traditional plastics. The growing need for environmentally friendly and sustainable packaging solutions is reflected in these goods and technology. An eco-friendly substitute for traditional plastics, Patels Polypack provides 100% biodegradable and compostable paperboard and paper coated with biodegradable polymers .
The coated paper market report table of contents includes:
1. Executive Summary
2. Coated Paper Market Characteristics
3. Coated Paper Market Trends And Strategies
4. Coated Paper Market – Macro Economic Scenario
5. Global Coated Paper Market Size and Growth
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31. Global Coated Paper Market Competitive Benchmarking
32. Global Coated Paper Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Coated Paper Market
34. Coated Paper Market Future Outlook and Potential Analysis
35. Appendix
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