Market Research Future published a Half Cooked Research Report on “Global Coated Paper Market Research Report – Forecast to 2022”– Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022.
Stora Enso Oyj, Nippon, Sappi Ltd, UPM-Kymmene Corp, Arjowiggins SAS, Asia Pulp & Paper Co. Limited, Verso Corporation, Imerys S.A., Penford Corporation, Burgo Group S.p.A. among others are some of the prominent players at the forefront of competition in the Global Coated Paper Market and are profiled in MRFR Analysis.
Coated Paper Market – Overview
Coated Paper are predominantly utilized in numerous application such as packaging, printing, and labelling. Coated Paper Market is estimated to witness moderate growth due to their wide utilization in end use industries as they possess excellent properties. Moreover, increasing trend for bio-based and degradable packaging along with strict regulations on the usage of plastic packaging in various countries have provided a new momentum for the growth of the market. Among application segment, printing is expected to register strong growth in the upcoming future due to rising demand in media advertisement such as brochures, catalogues, invitation cards, and pamphlets. In addition, among the product type segment, coated fine accounted for the largest market share in 2016 in terms of value and volume on account of wide utilization in advertising materials.
Geographically, Asia Pacific emerged as the largest market for Coated Paper in 2016 and is estimated to retain its dominance over the assessment years on account of increasing demand from printing as well as labelling industry. In addition, Asia Pacific is expected to witness healthy growth on account of rising demand from various end use industries specifically in China, India, Japan, Vietnam, Thailand, Malaysia, Taiwan, and South Korea. Furthermore, rising per capita disposable income in this region along with rapid industrialization has enabled greater production and sales of printing products. Moreover, increasing demand for packaged food along with increasing number of working professionals is expected to drive the market growth. Moreover, increased investment by key players in their R&D activities and shifting of coated paper manufacturing facilities due to availability of inexpensive cost of labor and land in this region is estimated to drive the coated paper regional market growth. Europe is estimated to witness steady growth due to continuous growth of packaging industry in various countries such as Germany, Italy, Spain, and UK. North American market is estimated to register healthy growth due to increasing demand from end use industries. The Middle Eastern & African market is expected to register above average growth due to continuous growth of packaging industries specifically in Qatar, Turkey, the United Arab Emirates, Oman, and Saudi Arabia. Latin American countries such as Brazil, Argentina, and Mexico is estimated to register moderate growth due to rising disposable income along with strong consumer base for printing and labelling sector.
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Industry/ Innovation/ Related News:
February 2017- Shurtape Technologies LLC, one of the leading manufacturer of pressure sensitive tapes announced the acquisition of Syntac Coated Products, LLC. With this acquisition, the company together provide a wide range of product portfolio which includes cloth and duct, film, packaging, foil, masking and paper and other.
February 2017– Cascades Sonoco joint venture announced to invest around USD 16 million at its Birmingham facility, Alabama, U.S. This investment bring the installation of new equipment and is expected to produce 40,000 to 50,000 tons of sustainable coated materials per annum.
March 2016– Huhtamäki established an agreement to expand the joint venture relationship with Olayan Saudi Holding Company in Arabian Paper Products Company. With this announcement the company is planning to expand its footprint in Gulf Cooperation Council (GCC) countries such as Kuwait, Bahrain, the United Arab Emirates, Qatar, Oman, and Saudi Arabia among others.
November 2016– Expera Specialty Solutions announced to enhance its Rhinelander operations at its former printpack building. This expansion is predicted to allow Expera to bring new coater technology for their manufacturing process.
The Coated Paper report has analysed the level of competition among the key operating players as well as sector growth and market scenario. The global coated paper market comprises a range of manufacturers operating in the market which comprised of large scale and medium size manufacturers. Some of the prominent market players operating in the global Coated Paper industry has shifted their focus towards growth association specifically by Asia Pacific as medium scale and small scale manufacturers are from this region specifically from China, South Korea, India, Indonesia, Thailand, Taiwan, Malaysia, and Japan. Moreover, the major operating players are focusing on extending their product portfolio by strategic acquisition and mergers, joint ventures, product launches, and exclusive agreements. Some of the companies are expanding their manufacturing capacity of coated paper to meet the growing demand for coated paper. Furthermore, some of the manufacturers has launched a series of product to strengthen their position in the market.
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