In a recent published report, Kenneth Research has updated the market report for Coated Paper Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Coated Paper Market products.
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The global Coated Paper market was valued at USD 6.09 billion in 2016 and is projected to reach USD 8.15 billion by 2025, growing at a CAGR of 3.3% from 2017 to 2025.
Coated paper is a product which is coated with special material to obtain enhanced qualities. The bio-degradability and eco-friendly nature is the major reason for high demand for this paper. Coated paper is preferred over plastics in packaging applications owing to which demand is expected to remain high over the forecast period.
1. Market Drivers
1.1 Development of customized graded of coated paper
1.2 New emerging markets
2. Market Restraints
2.1 Growing electronics media industry
The global Coated Paper market is segmented on the basis of coating material, product, application and region.
1. By Coating Material:
1.1 Precipitated Calcium Carbonate
1.2 Grounded Calcium Carbonate
1.3 Kaolin Clay
1.6 Titanium Dioxide
1.8 SB Latex
2. By Product:
2.1 Art Paper
2.2 Low Coat Weight Paper
2.3 Standard Coated Fine Paper
2.4 Coated Fine Paper
2.5 Coated Groundwood Paper
3. By Application:
3.1 Business Communication
4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
The major players in the market are as follows:
1. Nippon Paper Industries
2. Oji Holdings Corporation
3. Sappi Limited
4. Asia Pulp & Paper
5. Verso Corporation
7. Packaging Corporation of America
8. Dunn Paper Company
9. Stora Enso OYJ
10. Resolute Forest Products
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH:
Research study on the Coated Paper market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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