The global coated paper market is estimated to reach at a high CAGR during the forecast period (2022-2029).
Coated papers are paper that is coated with matte finishes, glossy and semi-gloss. Coated paper is treated with a mixture of chemicals and materials to improve surface properties such as gloss, weight, smoothness, and ink retention. The coating materials typically used are the clay, calcium carbonate, kaolinite, bentonite, and talc. Polymers, such as polyethylene and polyolefin, are used to impart waterproof and tear strength characteristics. Moreover, the coating material is mixed with certain chemical additives, such as resins and dispersants, to enhance wet strength and UV resistance. The coating makes the base paper less porous, which is ideal for printing applications. Product demand is also propelled by the rising impact of advertisements in media such as newsprints, magazines, brochures, and catalogues. Coated papers consist of a layer of clay or polymer applied on either or both sides. Such paper sheets result in brighter and sharper images in printing and also offers better reflectivity compared to uncoated variants. The layer also adds a glossy and shining texture to the paper, giving it a professional touch to be used in magazines and other publications.
One of the important factors driving the growth of the coated paper market is the increasing utilization of coated paper across the packaging industry. The shifting global trend towards the use of eco-friendly products and the ban of plastic packaging in the food & beverages industry is making a shift towards the usage of bio-based and degradable packaging materials. This trend is anticipated to increase the growth of the coated paper market during the forecast period. Furthermore, the growing environmental concern and government initiatives to reduce plastic consumption across various geographies are projected to be another factor for the growth of the coated paper market during the forecast period.
Development of Customized Grades According to Applications
Many global established players operating in the coated paper market are manufacturing different grades or specifications of coated papers according to the needs of the applications. New grades of coated paper are being developed for packaging applications. Coated paper being a food-grade product, it can be used extensively in dry-food packaging. Properties of coated paper products such as thermal stability, moisture proofing, and mechanical flexibility prove essential for the food packaging industry. Thus increasing the need for different types of packaging materials is increasing globally.
Rising internet trade and online sales
Online calendaring will showcase the highest growth over the forecast period. This can be due to technological advancements along with a faster calendaring process compared to online calendars. Furthermore, online calendars are available in a wide range of types including hard nip, soft nip, and multi nip calendars among others making them ideal for a wide range of applications.
COVID-19 Impact Analysis
Due to the Covid-19 pandemic situation, both inward and outward supply chains of the paper industry have been disrupted, and are yet to fully recover. There has also been a severe decrease in demand due to the lockdown and closing down of educational institutions, commercial establishments and downstream printers, publishers, converters, stationery services among others. Demand for lightweight coated papers, which are used in magazines, catalogs, inserts, and decorative pages have also decreased during the lockdown. Therefore, the paper coated industry has been widely affected due to COVID-19.
Based on the coating material, the coated paper market has been classified into calcium carbonate, talc, Nitrates and others.
The calcium carbonate segment accounted for the highest market share in the global market
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 the brightness, opacity, and gloss of the coated paper and is a cost-effective coating material.
Based on the type, the coated paper market has been classified into coated fine paper, coated groundwood paper and others
The coated fine paper segment dominated the global coated paper market in 2019
Based on type, the coated fine paper segment is expected to lead the market for the 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 a food-grade product, due to which, it is being used extensively in food and pharmaceutical industries.
Based on geography, the study analyzes the coated paper market in the global market, including North America, Europe, Asia-Pacific, South America, and the Middle East & Africa.
Asia-Pacific leads the global market throughout the forecast period
The Asia Pacific coated paper market dominated with the highest share. This is due to the expanding end-use industries for the packaging sector such as pharmaceutical manufacturing, food & beverages, personal care products, and online retail. The growth in the e-commerce sector and internet trade have led to the rising consumption of such papers in the packaging of home-delivered products. Countries like China and Japan are the key countries contributing to the regional market growth in terms of the significant consumer base, affordable labour, and regulations pertaining to plastic packaging. Moreover, the printing sector is also expanding into less tapped regions owing to an upsurge in printed packaging products and the developing advertisement sector.
The coated paper market is highly competitive, owing to the presence of big food brands. The key coated paper market players which are contributing to the growth of the global market include Nippon Paper Oji Holdings Corporation (Japan), Stora Enso Oyj (Finland), Industries Co. Ltd (Japan), Asia Pulp & Paper (Indonesia), Arjowiggins SAS (France), UPM-Kymmene Corp (Finland), Burgo Group SpA (Italy), Sappi Limited (South Africa), NewPage Corporation (US), Ballarpur Industries Limited (India), JK Paper Ltd (India), Minerals Technologies Inc. and others.
Nippon Paper Industries Co. Ltd
Overview: Nippon Paper Industries Co. Ltd. is a Japanese paper manufacturing company. The company's stock is listed on the Tokyo and Nagoya Stock Exchange and the Osaka Securities Exchange. The stock is also a constituent of the Nikkei 225 stock index. As of April 2013, the company has 33 subsidiaries and 11 associate companies. It is listed as one of the world's top 10 pulp and paper industry companies year-over-year and in 2012 it was sixth in the aforementioned list.
Product Portfolio: The company's portfolio comprises paper, paperboard, household paper products, speciality papers, logs and lumber, chemicals, functional films and others.
Why Purchase the Report?
The global Coated Paper Market report would provide access to an approx. 57 market data table, 41 figures and 180 pages.
Get your free sample proposal with a single click!