Coated Paper Global Market Poised for Significant Growth, Projected to Reach $54.04 Billion at a CAGR of 5.0% By 2028

"The Business Research Company recently released a comprehensive report on the Global Coated Paper Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The coated paper market size has grown steadily in recent years. It will grow from $42.45 billion in 2023 to $44.54 billion in 2024 at a compound annual growth rate (CAGR) of 4.9%. The growth in the historic period can be attributed to printing industry growth, packaging requirements, consumer preferences for quality, advertising and marketing needs, environmental concerns and regulations.

The coated paper market size is expected to see steady growth in the next few years. It will grow to $54.04 billion in 2028 at a compound annual growth rate (CAGR) of 5.0%. The growth in the forecast period can be attributed to sustainability and eco-friendly solutions, rise in publishing sector, consumer demand for aesthetics, brand differentiation and marketing strategies, global expansion and industrial growth. Major trends in the forecast period include demand for high-quality print, biodegradability and recyclability, focus on food safety, premium branding, customization and personalization.

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Market Drivers and Trends:

The increasing demand of the printing industry is expected to propel the growth of the coated paper market going forward. The printing industry encompasses businesses and activities involved in the reproduction of text and images onto various substrates, such as paper, cardboard, fabric, and more. The coated paper offers several benefits in the printing industry by delivering high print quality, allowing for sharp image detail and text clarity, preventing ink absorption, and enhancing versatility and durability. For instance, in July 2022, according to Toner Buzz, a US-based online provider of printing products, in 2021, the US printing operations were estimated to be worth $77.7 billion. Therefore, the increasing demand of the printing industry is driving the growth of the coated paper market .

Innovative and environmentally friendly packaging is a significant trend in the coated paper market. Major companies in the coated paper sector are focused on developing 100% plastic-free biodegradable barrier coated paper board to meet consumer demand and strengthen their market position. For instance, in March 2021, West Coast Paper Mills Limited, an India-based company engaged in the production of paper and paperboard launched 100% plastic-free biodegradable barrier coated paper board. This paper is completely free of plastic, coated, biodegradable, suitable for food use, odorless, and repulpable. It also has exceptional heat sealability. These products are ideal for a variety of uses, including trays, cups, food containers, and packaging materials because they don't include polyethylene or other traditional plastics. The growing need for environmentally friendly and sustainable packaging solutions is reflected in these goods and technology. An eco-friendly substitute for traditional plastics, Patels Polypack provides 100% biodegradable and compostable paperboard and paper coated with biodegradable polymers .

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Major Key Players of the Market:

Nippon Paper Industries Co. Ltd., Oji Holdings Corporation, Stora Enso Oyj, Sappi Limited, Asia Pulp and Paper Sinar Mas, UPM-Kymmene Corporation, NewPage Corporation, Arjowiggins SAS, Burgo Group S.p.A., Paradise Packaging Private Limited, JK Paper Limited, Minerals Technologies Incorporated, Shree Krishna Paper Mills & Industries Limited, Emami Paper Mill Limited, Dunn Paper Company, International Paper Company, Smurfit Kappa Group plc, WestRock Company, Mondi plc, Ahlstrom-Munksjö Oyj, Avery Dennison Corporation, 3M Company, Fasson Corporation, Ritrama S.p.A., CCL Industries Inc., Flexcon Company Incorporated, Lintec Corporation, Nissha Printing Co. Ltd., Toppan Printing Co. Ltd., Kimberly-Clark Corporation

Coated Paper Market 2024 Key Insights:

• The coated paper market size is expected to see steady growth in the next few years. It will grow to $54.04 billion in 2028 at a compound annual growth rate (CAGR) of 5.0%.
• E-Commerce Boom Fuels Growth Of Coated Paper Market Set To Surge With Rising Online Retail Sales
• Revolutionizing Coated Paper Through Advancements In 100% Plastic-Free Biodegradable Barrier Coatings For Sustainable Packaging Solutions
• North America was the largest region in the coated paper market in 2023

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