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Albany, New York, Feb. 12, 2019 (GLOBE NEWSWIRE) -- The global coated paper market is expected to demonstrate fragmented structure, thanks to the presence of large and small players in the global market. The nature of business is highly fragmented, finds Transparency Market Research (TMR). In addition, these companies are also focused toward research and development activities to produce innovative products. Further, small players are also engaged in innovations and technologies in order to compete in the global market. The top five players accounted for one third share of this market in 2013.
The prominent players operating in the global coating paper market are Limited, Sappi Limited, Nippon Paper Industries Co., Ltd., Stora Enso Oyj, and Asia Pulp & Paper Co. Limited. The manufacturers are also adopting strategic mergers and acquisitions to expand their product portfolio in the global market.
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As per TMR report, the revenue generated by the global coating paper market is likely to worth at US$36.94 bn in 2013. The market is likely to touch valuation of US$48.21 bn by 2020 end. The global coating paper market is likely to expand at a CAGR of 3.90% during the course of forecast period from 2014 till 2020.
On the basis of product type, coating fine paper is expected to dominate product type segment in the global coating paper market. This segment also accounted for 55% share in the global coating paper market in 2013. From the geographical point of view, Asia Pacific is likely to dominate owing to maximum demand for coating paper from the developing regions, especially, India and China. The increasing usage of coating paper in printing and packaging applications is expected to drive demand in Asia Pacific region.
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Growing Awareness about Eco-Friendly Products to Drive Global Coating Paper Market
The rising demand for several grades of coating paper with multiple varieties such as glossiness and brightness is likely to boost the global market. The increasing awareness among the population regarding environment-friendly products is one of the key factor propelling demand for coating paper in the coming years.
The coating paper has glossy and matte surface and it also provides resistance against tear, wear, and dirt. These are some of the factors positively driving growth of this market. The growing demand for industrial packaging is one of the key factors driving growth of this market. In addition, growing demand for food and beverages packaging in the several industries and driving product packaging is likely to be other factor triggering demand for coating paper. Furthermore, growing demand for quality hoarding and images is another trend positively supporting growth of this market.
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Increasing Usage of other Substitute Likely to Limit Market Growth
On the other hand, the advancement in technology is further offering the service of internet trading, and this has negatively impacted the growth of the coating paper in industrial packing. Additionally, the increase in pulp cost due to reduction of pulp plantation is other trend hampering growth of the overall market. The availability of alternative substitute at low cost is expected to be another factor limiting growth of this market.
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The study presented here is based on a report by Transparency Market Research (TMR) titled “Coated Paper (Coated Fine Paper, and Coated Groundwood Paper) Market for Printing, Packaging and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020.”
This report segments the global coated paper market as follows:
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