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The global Coated Paper Market is forecasted to grow at a rate of 3.3% during the period 2019-2030. The market under study had a value of USD 50.54 Billion in 2021. The demand for the industry is primarily driven by the rise in online sales or trade, rising demand for advertising and packaging in different sectors, demand from advertisement media like newsprints, magazines, brochures, and catalog among others.
The rise in e-commerce and online shopping of various goods and items is creating a huge demand in the packaging industry. This, in turn, is driving the growth of the industry and increasing its demand. Apart from that, people are also eager to use eco-friendly products and are willing to abandon plastic packaging. The food and beverage industry is also moving away from plastic packaging and adopting eco-friendly and biodegradable alternatives. These factors are giving a huge boost to the industry’s growth. Governments in European countries, the USA, India, China, among others, are taking initiatives to ban plastics as packaging material, and paper packaging is coming up as the next best alternative. Thus, in a nutshell, changing trends in the packaging industry are predicted to contribute largely to the market’s growth during the forecast period.
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Key participants include Asia Pulp & Paper, Dunn Paper Company, Lecta Group, Nippon Paper Industries Co. Ltd., South African Pulp and Paper Industries Limited, Stora Enso, Svenska Cellulosa Aktiebolaget, Twin Rivers Paper Company, Verso Corporation, and Burgo Group SPA.
Deforestation across the world is making the supply of wood pulp scarce, and its price is also increasing. This is creating some problems as the cost of coated paper products is increasing, and thus, the industry is facing stiff competition from its alternatives. The industry is also capital and labor-intensive, and increasing labor rates around the world are having an effect on the products in the market. Thus these are some factors which are restricting the industry’s growth. In order to solve these problems, major players in the industry are trying to develop innovative packaging, labeling, and printing solutions in order to reduce cost as well as maintain sustainability.
The global materials & chemicals industry has gained significant traction in the recent past, mainly owing to surging demand for raw materials and chemicals in a wide range of industries including buildings & construction, food & beverages, healthcare, electrical & electronics, petrochemical, water & wastewater treatment, packaging, and textile industries. Industry revenue growth is further driven by escalating demand for cost-effective and energy-efficient products, growing use of environmentally sustainable products, increasing initiatives to reduce carbon emissions, and stringent regulations enforced by leading environmental protection agencies. Hence, growing demand for lightweight, high-performance, and durable materials and chemicals, increasing applications of specialty chemicals, and rising consumer awareness about sustainable packaging are other major factors accountable for this industry’s growth
Further key findings from the report suggest
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For the purpose of this report, Reports and Data have segmented into the Coated Paper market on the basis of product, coating material, application, and region:
Product Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2019-2030)
Coating Material Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2019-2030)
Application Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2019-2030)
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Regional Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2019-2030)
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The post Coated Paper Market Size, Product Trends, Key Companies, Revenue Share Analysis, 2022–2030 appeared first on Market O Graphics.
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