The Paper Coating Materials Market is expected at USD 6.70 billion in 2021 and is anticipated to extend an over USD 8.53 billion by the end of the assessment period. The Paper Coating Materials Market is estimated to experience reasonable growth to record a CAGR of 3.3% throughout the estimated period (2022 - 2027).
The growing demand for advertising and packaging in different industries and the trend towards innovative and environmentally friendly packaging are expected to drive the market for paper-lining materials in the years envisioned. Paper Coating is a product that is coated with a special material to achieve better qualities. They offer resistance to dirt, water, and wear. Various coating materials used for Paper Coating are precipitated calcium carbonate, ground calcium carbonate, kaolin clay, wax, starch, titanium dioxide, talc, SB latex, and others. On the basis of the product, they are classified into fine art paper, light paper, standard coated fine paper, coated fine paper, shredded wood coated paper, and others. Paper Coating is used in applications such as business communication, packaging, printing, labels, and more.
Paper Coating is widely used in printing applications to enhance aesthetic characteristics. Paper Coating in food packaging keeps moisture and oxygen out, keeps food contents fresh, and provides long shelf life. Additionally, growing environmental concerns and government initiatives to reduce plastic consumption are expected to drive the market for years to come.
In July 2021, a company called “vliepa GmbH” has acquired Owens Corning today, which specializes in paper and films, the finishing of nonwoven, and coating, printing and for building materials industry. With this transaction, Owens Corning took over two production plants in Brüggen, Germany. Terms of the transaction were not disclosed.
Sappi Limited, the leading producer of coated fine paper and chemical pulp, recently announced that it has completed the acquisition of the coated graphics business of M-real, Long-term supply agreements for wood, pulp, and other services also entered into force.
A world leader in packaging materials and industrial laminating solutions for the packaging, construction and construction, and consumer cable industries - acquired the assets of Hampden Papers, a high-end paper converter specializing in foil, foil, film, holographic and metalized transfer lamination, plating and stamping. With the growth of a qualified workforce, technical staff, sophisticated equipment, and an optimized production plan, the plant will significantly increase LLFlex's production capacity and provide redundancy and peace of mind for its two main business segments, packaging, and industrial laminates. The measure is also based on the consumer packaging capacity and capabilities that already exist at LLFlex's manufacturing facility in Louisville, Kentucky.
Paper Coating Materials Market Drivers:
The growing need for self-promotion of products on store shelves and growing concern for the environment make the packaging business the largest sector in the printing industry. Technological advancements in the paper coating process, various advantages offered by paper coating materials and developing markets, increased demand from papermaking industries, and increased disposable income are some of the Factors contributing to the growth of the paper coating materials market during the forecast period of 2022 - 2027.
Paper Coating Materials Market Restraints:
However, the increasing use of electronic media is expected to slow the growth of the market studied.
Challenges in the Paper Coating Materials Market:
The implementation of strictly private and government regulations by various countries poses a challenge to the expansion of the Paper Coating Materials Market.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2021– 2026 |
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Base Year |
2021 |
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Forecast Period |
2022 - 2027 |
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CAGR |
3.3% |
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Segments Covered |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
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Regions Covered |
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Market Leaders Profiled |
Oji Holdings Corporation, Asia Pulp & Paper, Resolute Forest Products, Nippon Paper Industries, Stora Enso OYJ, Dunn Paper Company, Packaging Corporation of America, UPM,Verso Corporation, Sappi Limited |
By Coating Material:
By Product:
On the basis of the product, the coated fine paper segment is expected to have the highest CAGR during the forecast period due to increasing demand for high-end printing of magazines, financial reports, books, and promotional materials. It is also used in the food and pharmaceutical industries as it is considered a food-grade product due to its eco-friendly product.
By Application:
According to the Application, the Packaging segment is expected to have the highest CAGR during the forecast period.
The Paper Coating Materials Report includes the segmentation of Regions:
Europe
Asia Pacific
North America
Latin America
Middle East and Africa
Based on market volume share, Asia-Pacific is expected to own more than a third of the global market share. Together, India and China are expected to be the main drivers of the Paper Coating Materials market in the Asia-Pacific region. The rapidly growing packaging industry and changing demographic preferences towards packaged foods, coupled with rapid population growth, are expected to drive the growth of the Asia-Pacific Paper Coating Materials market. Europe is the second largest market for Paper Coating Materials due to the established food and beverage and packaging industry. North America is expected to see moderate growth during the forecast period. Latin America, the Middle East and Africa are expected to account for a relatively small part of the Paper Coating Materials market. However, scraps are expected to meet the steady growth opportunities of the Paper Coating Materials market during the forecast period.
The covid-19 analysis is based on the impact of the current pandemic situation on market scenarios. A large number of coated paper companies have felt the impact of the COVID-19 pandemic on multiple dimensions and are now focusing on sustained long-term growth. As the global Paper Coating and other chemical industries play a critical role in countries' economic recovery, coated paper companies are likely to see potential opportunities in the short term.
The major players covered in the Paper Coating Materials Market report are
Oji Holdings Corporation
Asia Pulp & Paper
Resolute Forest Products
Nippon Paper Industries
Stora Enso OYJ
Dunn Paper Company
Packaging Corporation of America
UPM
Verso Corporation
Sappi Limited
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