DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Coated Paper Market by Coating Material (GCC, PCC, Kaolin Clay, SB Latex, Starch, Talc, Wax), Type (Coated Fine, Standard Coated Fine, Coated Groundwood, Low Coat Weight), Application (Packaging, Printing, Labels) - Global Forecast to 2021" report to their offering.
The global coated paper market is projected to reach USD 7.18 Billion by 2021, at a CAGR of 3.2% from 2016 to 2021
Coated paper is witnessing high demand from packaging industries in the Asia-Pacific region. The strategies of new product developments, and acquisitions & mergers adopted by different companies and growth of the packaging industry are the key factors driving the coated paper market.
Increasing demand for eco-friendly coated paper due to stringent regulations on use of plastics in the packaging application is the major factor driving the coated paper market. Packaging producers across the globe are focusing on the use of bio-degradable paper to meet environmental regulations in packaging applications. Coated paper finds application in food, pharmaceutical, and cosmetics packaging respectively. It is used in high-end printing applications, owing to its brightness and textural characteristics. Increased use of electronic media in the advertisement and promotional industry is a challenge, which could hinder the growth of the coated paper market.
Coated paper in packaging is used in numerous applications such as food packaging, pharmaceutical packaging, and cosmetic packaging. Several packaging product manufacturers use coated paper, owing to its bio-degradability, thermal stability, mechanical flexibility, and moisture-proof properties. Coated paper is a food-grade product, which replaces plastic packaging in packaging applications. The rising demand for coated paper for eco-friendly and bio-degradable packaging applications such as food, pharmaceutical, and cosmetic packaging is expected to propel the demand for coated paper globally.
The Asia-Pacific is expected to lead the coated paper market during the forecast period. The demand for coated paper from various industries such as printing, packaging, and business communication, among others, in the APAC region is expected to increase. China is the major consumer of coated paper in Asia-Pacific. The main reasons for the growing demand for paper coating materials in emerging markets are population growth and improving living standards. Europe is the second-largest market for coated paper after Asia-Pacific. Europe faces dynamic consumer needs with respect to the increasing use of electronic media, which affects the paper industry in the region.
- Development of Customized Grades According to Applications
- New Emerging Markets
- Growing Electronic Media Industry
- Expansion Opportunities in Developing Countries
- Recycling of Coated Paper
- Asia Pulp & Paper
- Dunn Paper Company
- Nippon Paper Industries Co., Ltd.
- Oji Holdings Corporation
- Packaging Corporation of America
- Resolute Forest Products
- Sappi Limited
- Stora Enso Oyj
- Verso Corporation
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