January 14, 2020
According to the recent study titled ‘Coated Paper Market Size By Product (Coated Fine Paper, Coated Groundwood Paper), By Coating Material (Clay, Calcium Carbonate, Talc), By Finishing Process (Online Calendering, Offline Calendering), By Application (Printing, Packaging), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2026’ available at MarketStudyReport.com, the global coated paper market is projected to accrue US $55 billion by the year 2026.
Booming e-commerce industry, coupled with rising inclination towards using sustainable packaging, and technological advancements are supporting the demand for flexible packaging, which in turn is propelling the growth of coated paper market. The paper is known to possess substantial ink holdout capacity, high gloss, and superior physical properties. It is extensively used for brochures, magazines, handbooks, illustration books, labels, cigarette pouches, food wrappers, shopping bags, and tea envelopes.
Based on the product terrain, the report cites that coated fine paper market segment was worth US $25 billion in 2018. The paper is available in two variants, namely gloss and matte. It can be used for offset printing, web printing, and sheet-fed printing. Lighter coated fine paper, standard coated fine paper, and high-quality fine paper are used across differed applications based on their individual properties.
As per the coating material, talc segment is expected to register a growth rate of 2.5% through 2026, owing to the advanced properties offered by the material such as enhanced opacity, porosity, and smoothness to the paper. In addition, the material is used as coating pigment, functional filter, pitch control, and runnability aid.
Speaking of the finishing process, online calendering segment is anticipated to hold over 80% share of coated paper market during 2019-2026. The process delivers efficient calendering with minimum operating expenses. This factor, along with availability of an array of calenders will fuel the segmental growth.
In terms of the application spectrum, printing segment will dominate the coated paper market with 40% revenue share over the forecast period, owing to extensive use of paper in books, catalogues, brochures, and other such products. Coated paper has low absorption capacity hence, it requires less ink and is moisture and dust resistant. Due to its high ink holdout capacity, the images printed on this paper are bright and sharp. Owing to its smoothness, coated paper is suitable for flood coatings and spot varnish. All the aforementioned features are presumed to impel the demand of coated paper across printing application.
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Considering the geographical outlook, North America coated paper market is estimated to gain significant traction in the upcoming years, pertaining to the growth of medical and food packaging industries. Rising demand of coated paper for flexible printed packaging of product like fruits, groceries, medical items, and dry-food items will enhance regional market share.
The major companies functioning in coated paper market are BURGO GROUP SPA, Verso Corporation, UPM, Twin Rivers Paper Company, Svenska Cellulose Aktiebolaget SCA, Stora Enso, Sappi Ltd., Nippon Paper Industries Co., Ltd., Lecta Group, Dunn Paper Company, and Asia Pulp & Paper (APP).
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