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Europe Coated Paper Market Size to witness substantial gains over 2019-2024

Author : Ronak Bora | Published Date : 2019-07-11 

Europe held more than 35% of the global coated paper market share in 2015, with a valuation of USD 14 million, and will experience a modest growth rate over the next few years. This expansion can be credited to the stringent regulations mandated by REACH, regarding the usage of harmful plastics for packaging.

APAC coated paper market is projected to be the region exhibiting the highest growth rate of 6% over 2016-2024, subject to the rise in home delivery demand and the surging online trade in the region. The increased spending on advertising and rising commercialization of various products will spur APAC coated paper industry, slated to generate a revenue of USD 20 billion by 2024.

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Packaging applications accounted for more than 48% of coated paper market in 2015 and are anticipated to grow at a rate of 4.5% over 2016-2024. Subject to the growing product demand from the retail, e-commerce, and F&B sectors, packaging applications are slated to hold a share of 50% of coated paper industry by 2024.

Global media advertisement expenditure was worth USD 600 billion in 2015 and is projected to rise extensively over the next few years, pertaining to the increased product commercialization. Print ads are expected to have a high-quality finish – be it glossy, matt, dull, satin, or silk. The increasing demand for excellent quality ads will spur coated paper market from printing applications.

Coated paper market from printing applications was valued over USD 18 billion in 2015. With the advent of digital media, the demand for printing ads has gone down a great deal, owing to which coated paper industry from printed applications will witness a sluggish growth rate over 2016-2024.

The surging demand for high quality print images for advertisement applications is likely to stimulate global Coated Paper Market over the next seven years. Being highly capital-intensive, coated paper industry is estimated to experience a paradigm shift from the developed regions to the emerging economies such as Latin America and Asia Pacific. Coated paper production requires natural raw material such as wood pulp and water, heavy amount of energy, and ample human resources. Pertaining to these factors, companies operating in global coated paper market are trying to expand their base across APAC and LATAM. In addition, the increased spending capability of consumers will fuel coated paper market size, estimated to cross USD 57 billion by 2024, with a CAGR anticipation of 4.2% over 2016-2024.

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The rising popularity of the internet and the subsequent increase in home delivery system is also expected to stimulate coated paper industry. With coated paper being available in various textures, coated paper market products find extensive applications across the packaging sector. UK online trade was almost 10% of the overall UK retail sales in 2015. Online sales recorded more than 4% of the overall sales in the United States in 2015. These statistics provide ample evidence that retail packaging is slated to be one of the most promising end-user segments of coated paper market by the end of 2024.

The extensive growth of the Flexible Packaging Market will also stimulate the market trends. This type of packaging is dominant in the food and beverages sector, which is currently experiencing a massive growth. Surveys depict that there has been an increasing global awareness pertaining to the usage of plastics for packaging, which has led to a high demand for biodegradable packaging products. The F&B sector reportedly accounts for more than 50% of the flexible packing market and will continue to demonstrate a heavy growth, owing to the popularity of packaged and ready-to-eat and ready-to-cook meals.

Global coated paper market is rather fragmented, with the top seven players holding less than 40% of the overall revenue. Companies are engaged in frequent mergers & acquisitions and are renowned to spend heavily in research & development activities, subject to which coated paper industry is slated to get fiercely competitive in the ensuing years. Key participants partaking in this market include Arjowiggins SAS, Nippon, Oji Holdings Corporation, Stora Enso Oyj, Burgo Group S.p.A., Verso Corporation, UPM-Kymmene Corp., Sappi Ltd., Lecta Deutschland GmbH, Asia Pulp & Paper Co. Ltd, Resolute, NewPage Corporation, Dunn Company, and Boise Inc.

Browse key industry insights spread across 120 pages with 140 market data tables & 15 figures & charts from the report, “Coated Paper Market ” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/coated-paper-market

Glimpse of Table of Content (ToC)

 

Chapter 5    Coated Paper Application Insights

5.1    Coated paper market share by application, 2015 & 2024

5.2    Printing

5.2.1     Global market estimates and forecast, 2013 - 2024

5.2.2     Global market estimates and forecast, by region, 2013 - 2024

5.3    Packaging

5.3.1     Global market estimates and forecast, 2013 - 2024

5.3.2     Global market estimates and forecast, by region, 2013 – 2024

5.4    Others

5.4.1     Global market estimates and forecast, 2013 - 2024

5.4.2     Global market estimates and forecast, by region, 2013 – 2024

Browse Full TOC @ https://www.gminsights.com/toc/detail/coated-paper-market

 

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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