The Coated Paper Market is expected to grow at > 3.2% during 2021-2026, according to a report from Stratview Research.
COVID-19 pandemic – Boon or a Curse to the industry?
The outbreak of COVID-19 has severely impacted several industries across the world. Tough government measures such as lockdown of major economies, has pressed the ‘pause button’ for most of the industries. For most of the industries, the revenue has gone down in 2020 and has resumed an uptrend gradually from 2021.
Key insights on Coated Paper Market
Coated Paper Market is likely to witness a steady CAGR of 3.2% during the forecast period. Growing demand for flexible paper packaging, increase in internet trade and online sales, and increasing demand for high-quality print images for packaging and printing applications are some of the major factors fueling the growth of the market during the forecast period.
Asia-Pacific is estimated to be the dominant region in the market. The growth of the region can be attributed to the expansion of the end-use industries for the packaging sector such as food & beverages, personal care products, pharmaceutical manufacturing, and online retail during the forecast period. Factors such as flourishing e-commerce sector and internet trade, and the growing printing sector in the region are further expected to fuel the growth of the regional market over the forecast period. Europe and North America are also expected to offer substantial growth opportunities in the market during the forecast period.
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Market Scope & Market Segmentation
Coated Paper Market Share: By Product Type
Based on the product type, the market is segmented as coated fine paper, coated groundwood paper, and others. Coated fine paper is expected to account for the largest share of the market during the forecast period on account of the growing adoption of these papers due to their high grammage and superior brightness features. These are majorly used in offset printing applications for producing magazines, annual reports, catalogues, and advertising materials, boosting the segment’s growth during the forecast period.
Coated Paper Market Share: By Application Type
Based on the application type, the market is segmented as printing, packaging, and others. Packaging is expected to register high growth rate in the market owing to the growing demand for papers in flexible packaging for food, cosmetic and medical products during the forecast period. Moreover, growing consumer awareness pertaining to single-use plastic is resulting in shifted inclination towards paper packaging in home-delivered products and consumer goods, fueling the segment’s growth during the forecast period. On the other hand, printing application is likely to account for a significant share of the market owing to the growing advertisement sector and rising demand for printed magazines, brochures, and direct mails by business corporate offices.
Coated Paper Market Share: By Finishing Process Type
Based on the finishing process type, the market is segmented as online calendaring and offline calendaring. The online calendaring is estimated to be the faster-growing finishing process type owing to the technological enhancements coupled with faster calendaring process as compared to the offline calendaring. These are also available in a broad range making them ideal for a wide range of applications, fueling the segment’s growth during the forecast period.
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Which key questions will this report answer?
This market research report focuses to deliver relevant information regarding the market trends, structure and growth during the forecast period of 2020-2025. It also offers insights into different market segments and other factors affecting the market.
Some of the key questions answered by the report are:
Stratview Research’s reports are generated after accumulating data from various authenticated sources. > 10 primary interviews with industry experts are conducted by us for every report. Insights gained from primary interviews, in-depth analysis of company statements and annual reports, accompanied by a number of articles, whitepapers, and reports help us to connect the dots and triangulate the market in the most effective manner.
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