Market Synopsis of Global Coated Paper Market
The Global Coated Paper Market is forecasted to grow by USD 51.2 billion in 2022 with CAGR of 4.3% from 2016 to 2022.
Coated Paper is either glossy or matte finish paper used for several applications like printing magazines, book covers, photo prints, art books, catalogues and advertising materials. Coated paper has significant usage in various end user industries due to its characteristic property of resistance to dirt, wear and tear. These papers can be customized by adding different textures as per the quality required by different end user industries like packaging, printing and labeling.
Global Coated Paper Market is expected to witness a significant growth owing to increase in usage of paper in packaging industries. With ban on plastics for packaging, there is shift in demand towards bio-based and degradable packaging materials to be used for flexible packing of food & beverages, industrial goods, medical products and consumer goods. Flexible packaging used in food & beverages especially in ready to eat food is replacing polymer based packaging systems with paper based system owing to harmful side effects of plastics and all these will drive the Global Coated Market in the forecasted period. Usage of standard quality paper and advanced print paper will also influence the demand for Coated Paper in the coming years. Printing segment has the largest share in the of the Global Coated Paper Market due to its increasing demand in media advertisement like pamphlets, brochures, inserts etc. Coated Paper is being substituted by high performance and low cost uncoated paper in printing industries. This may negatively impact the growth of Coated Paper Market in the coming years. Coated Paper Market growth is hampered due to deceasing pulpwood plantation owing to large investments in land, labor and raw materials.
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Latest Industry News
Sappi North America has recently launched an educational guide about coated and uncoated paper myths and facts. Named “True or False” the guide contains popular urban legends and refutes the belief that coated paper is more expensive than uncoated. Additionally, the guide compares performance abilities, environmental benefits, image quality and costs.
The Korean Trade Commission (KTC) of South Korea has set anti dumping duty rates to encourage the local coated paper industry. KTC set a 16.23% duty on Japanese products for the next five years. Meanwhile, chinese goods are levied 5.9 – 16.23% tarrifs and 12.94% on Finnish coated paper products.
Market Segmentation
The Global Coated Paper Market has been segmented by raw Materials, Product Types, Applications, and Region. Segmental evaluation allows for a complete assesment of the market and assists in identifying factors that affect the market.
By Raw Materials, the market has been segmented into ground calcium carbonate (GCC), precipitated calcium carbonate (PCC), kaolin clay and others. PCC, which is a manufactured material, is most commonly used in applications where the customer has specific requirements regarding paper properties. Meanwhile, GCC is extracted from natural sources and is used for it’s light scattering and brightness properties.
By Product Types, the market has been segmented into standard coated fine, coated fine, coated groundwood and low coat weight. Coated fine paper possesses the largest market share due to it’s extensive use in advertising and as art paper.
By Applications, the market has been segmented into packaging, printing, and labelling. Printing holds the largest segment due to it’s widespread demand for use in print advertising.
By Region, the market has been segmented into North America, Europe, the Asia Pacific (APAC), the Rest of the World (RoW).
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