The paper coating materials market is expected to reach US$ 3.52 billion by 2032 from its estimated US$ 2.2 billion in 2022, a strong compound annual growth rate (CAGR) of 4.8% during the forecast period.
Several key factors are fueling this expansion. Firstly, there is a rising demand for coated paper within the packaging sector, as it offers enhanced protection and visual appeal. Additionally, the increasing popularity of bio-based and biodegradable packaging materials, driven by the growing awareness of environmental sustainability, has contributed to the market’s growth. Notably, restrictions on plastic packaging in the food and beverage industry, coupled with government measures to reduce plastic consumption, have further boosted the demand for paper coating materials. Lastly, the paper industry is witnessing a surge in the utilization of biopolymer paper coating materials, aligning with the global shift towards eco-friendly and sustainable solutions.
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Market Drivers:
- Growing Packaging Industry: The global packaging industry’s expansion, driven by e-commerce, consumer preferences, and food safety requirements, has led to a surge in demand for coated paperboard and packaging materials.
- Quality Printing: In the publishing and commercial printing sectors, high-quality paper is essential to meet customer expectations. Coated paper enhances the appearance and printability of materials, driving its use in these applications.
- Increasing Literacy Rates: With rising literacy rates, particularly in emerging economies, the demand for textbooks, educational materials, and office paper has increased, further boosting the paper coating materials market.
Paper Coating Materials Market: Competition Assessment
The FMI’s paper coating materials market report provides a dashboard view of major players operating in the paper coating materials market. Some of the key players are:
Omya AG (Switzerland), Michelman Inc. (The Netherlands), Archroma (Switzerland), Imerys S.A. (France), DuPont (USA), Dow Company (Michigan), Penford Corporation (U.S.), and BASF (Germany)
With an extensive SWOT analysis, the FMI’s study presents the strengths, weaknesses, growth prospects, and challenges of each player. The report also includes important data including the sales strategy, pricing strategy, and marketing strategy adopted by these players in the paper coating materials market.
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Paper Coating Materials Market: Key Segmentation
By Product Type
- Ground calcium carbonate (GCC)
- Precipitated calcium carbonate (PCC)
- Kaolin Clay
- SB latex
- Titanium Dioxide
- Wax
- Starch
- Talc
- Others
By End Use Industries
- Binding industry
- Stationary industry
- Packaging industry
- Corrugated boxes industry
By Region
- North America
- Latin America
- Europe
- South Asia & Pacific
- East Asia
- Middle East & Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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