Coated Paper Market Predicted to Cross USD 34.7 Billion by 2025: Grand View Research Inc.

The global coated paper market size is expected to reach USD 34.7 billion by 2025, according to a new report by Grand View Research, Inc., registering a 3.5% CAGR during the forecast period. The market is driven by growing need for packaging and labeling of delivery goods. Rise in e-commerce across the world is a major driving factor for increasing penetration of online shopping and distribution of goods, thereby impacting the demand for coated paper.

The collaboration of e-commerce with consumer goods is boosting market. The segment requires packaging and labeling during shipment, thus shaping the growth of the global market. These products add a glossy texture, which gives a professional touch to magazines and other publications. It also has dust-resistant properties as a result of coating and requires less ink owing to better ink holdout; this makes it a suitable product for different finishing techniques. Application of coated papers also includes printing invitations as well as for decoration purposes, which provides various growth opportunities to players. However, rising deforestation and release of carbon emissions during product manufacturing causes harm to the environment, which poses a restraint to the growth of the market.

Packaging and labelling held the dominant share by in terms of application and the segment is expected to register a CAGR of 3.6% from 2019 to 2025, with big players investing more in this category. Launch of new and innovative products to be used in this sector will benefit segment growth. For instance, in July 2017, Nippon Paper Industries Co., Ltd. launched a new coated paper called b7 LIGHT in the b7 series. The new product has a natural color tone and softer pages owing to low density of the material. In March 2019, Nestlé launched a new product called Nesquik All Natural Powder in Europe in a plastic-free packaging, using this material.

The printing application held a share of 32.1% in the coated papers market in 2018 owing to its wide area of application across various industries. However, widespread digitalization has had an adverse impact on this application, threatening to make it saturated. Nevertheless, use of coated paper in currency, security documents, and check books is anticipated to ensure stable growth of the segment over the forecast period. Moreover, steady usage of this product as brochures and product manuals for smartphones, computers, and other electronic gadgets will keep demand steady.

Asia Pacific will exhibit a revenue-based CAGR of 3.7% from 2019 to 2025 on account of increasing production and consumption of coated paper in the region. The region is home to some of the largest paper consuming countries, such as India and China, and the scope for the product in various industries will continue to rise, fueling the regional market.

To request a sample copy or view summary of this report, click the link below: 
https://www.grandviewresearch.com/industry-analysis/coated-paper-market

Further key findings from the report suggest:

·       The global coated paper market demand was estimated at 51.4 million tons in 2018

·       In terms of regional revenue, Asia Pacific accounted for the maximum share in the global market

·       The packaging and labeling segment is expected to register a CAGR of 3.6% thanks to rapid growth of e-commerce and need for effective packaging for home delivery

·       By type, the mechanical category accounted for a volume share of 46.9% in 2018

·       The industry is highly competitive in nature, with the main players being Asia Pulp & Paper Co. Limited; Stora Enso Oyj; Nippon Paper Industries Co.; NewPage Corporation; Michelman, Inc.; and BASF SE.

Grand View Research has segmented the global coated paper market on the basis of type, application, and region:

Coated Paper Type Outlook (Volume, Million Tons; Revenue, USD Billion, 2015 - 2025)

·         Mechanical

·         Woodfree

Coated Paper Application Outlook (Volume, Million Tons; Revenue, USD Billion, 2015 - 2025)

·         Printing

·         Packaging & Labeling

·         Others

Coated Paper Regional Outlook (Volume, Million Tons; Revenue, USD Billion, 2015 - 2025)

·         North America

·         Europe

·         Asia Pacific

·         Central & South America

·         Middle East & Africa

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com