Coated paper has gained a lot of traction in recent years owing to its substantial use in numerous industries across the globe. Coated paper possesses significant resistance to wear and tear, dirt, water, and other minor environmental contaminants, owing to which several industries prefer coated paper over regular paper. Coated paper can have a matte or glossy finish, which makes it appropriate for use in diverse end-use applications, including catalogues, newspaper insert, magazines, advertising materials, converted paper products, security papers, and others.
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In 2013, the global market for coated paper stood at US$36.9 bn. This market is estimated to register a 3.90% CAGR between 2014 and 2020, reaching a value of US$48.21 bn by the end of 2020.
Innovative Coating Technologies to Encourage Growth of Global Coated Paper Market
The rising demand for flexible paper packaging from diverse industries is one of the prominent factors estimated to accelerate the growth of the global coated paper market in the coming years. Furthermore, the rising demand for high-quality image printing and the booming Internet retail sector are some of the other factors encouraging the growth of the market. The key players in the market are increasing their investment to develop new and innovative paper recycling techniques to generate promising opportunities in the coming few years.
On the other hand, the energy- and capital-intensive process required to produce coated paper is estimated to hamper the growth of the market in the next few years. In addition, the increasing cost of wood pulp owing to the decreasing pulp plantation across the globe is projected to curtail the growth of the market in the near future.
Technological Advancements to Generate Potential Opportunities in Near Future
Some of the prominent players engaged in the global coated paper market are Stora Enso Oyj, Asia Pulp & Paper Co. Ltd., South African Pulp and Paper Industries Ltd., Verso Corporation, Arjowiggins SAS, Boise Inc., Dunn Paper Company, Twin Rivers Paper Company Inc., Nippon Paper Industries Co., Ltd., and Oji Holdings Corporation.
The key players in the market are emphasizing on mergers and acquisitions so as to expand their product catalogue and strengthen their position in the global coated paper market. In addition, they are making notable efforts to offer biodegradable, renewable, and flexible paper packaging to fulfill the needs of the consumers. In addition, technological developments in coating techniques are anticipated to create several opportunities for the key players in the next few years.
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The key players in the global coated paper market offer customization of products to provide unique capacities for diverse applications, including labeling, packaging, and printing. In addition, the leading players in the market are moving forward with increased capital investment to modernize the chipping distribution and wood debarking systems in order to decrease the white wood losses and overall costs of the manufacturing units. Moreover, the players are making efforts to enhance the efficiency and reliability and enhance the production of coated paper in the coming few years.