Paper Coating Materials Market Size
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | > 4.00 % |
Fastest Growing Market | Asia Pacific |
Largest Market | Asia Pacific |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Paper Coating Materials Market Analysis
The global paper coating material market is projected to register a CAGR of over 4% during the forecasted period.
The market was negatively impacted by COVID-19 in 2020. However, the market recovered significantly in the 2021-22 period. The packaging and printing activities have reinstated the demand for paper coating materials, including art papers, low-coat weight papers, and others. The pandemic has increased the demand for packaging from the food and e-commerce industry, thereby stimulating the demand for the market studied.
- One of the main factors driving the market is the growing demand for paper coating materials from the printing and packaging industry.
- However, the increasing use of electronic media is expected to hinder the growth of the market studied.
- The growing demand for biopolymer paper coating material from the paper industry is likely to act as an opportunity for the market studied in the coming years.
- The Asia-Pacific region is expected to dominate the market with the largest consumption from countries such as China and India.
Paper Coating Materials Market Trends
This section covers the major market trends shaping the Paper Coating Material Market according to our research experts:
Growing Demand for Paper Coating Materials from the Printing and Packaging Industry
- The paper is coated with a blend of materials or a polymer to give certain characteristics to the paper, including weight, surface sparkle, smoothness, or diminished ink absorbency.
- The increasing need for the self-promotion of products on store shelves and mounting environmental concerns make the packaging field the largest consumer of paper-coating materials.
- According to a report published by PMMI, 'The Association for Packaging and Processing Technologies,' the value of the global packaging industry reached USD 42.2 billion in 2021, owing to the increasing population, growing sustainability concerns, more spending power in developing regions, and increasing demand for smart packaging, among others.
- Coated paper is utilized widely in printing applications to enhance aesthetic characteristics. The coated paper in food packaging prevents the passage of moisture and oxygen, keeps the food content fresh, and provides extended shelf-life.
- Globally, approximately 97 million metric tons of graphic paper were produced. Meanwhile, packaging paper and board production amounted to 249 million metric tons. Overall, the quantity of paper and paperboard produced worldwide in 2020 weighed more than 400 million metric tons.
- Hence, owing to the above-mentioned factors, the application of paper coating materials in printing and packaging is likely to dominate during the forecast period.
The Asia-Pacific Region is Expected to Dominate the Market
- The Asia-Pacific region is expected to dominate the market for paper coatings during the forecast period. The rising demand for paper coating materials from the paints and coatings industry, along with the growing population and construction activities in developing countries, such as China and India, is expected to drive the demand for paper coating materials in this region.
- The increasing focus on eco-friendly and sustainable paper packaging is expected to gain traction with many countries, such as India and China, pushing for paper packaging products over plastic packaging.
- The Chinese packaging industry has grown at a rapid and consistent rate in recent years, owing to expanding economy and rising middle class with greater purchasing power. Food packaging is a major player in the packaging industry, accounting for roughly 60% of the total market share in China. According to Interpak, in China, in the foodstuff packaging category, total packaging is expected to reach 447 billion units in 2023.
- According to the Packaging Industry Association of India (PIAI), the Indian packaging industry is expected to grow at a rate of 22% during the forecast period. Moreover, the Indian packaging market is expected to reach USD 204.81 billion by 2025.
- The largest producers of paper coating materials are located in the Asia-Pacific region. Some of the leading companies in the production of paper coating materials are BASF SE, Eastman Chemical Company, Asia Pulp & Paper (APP) Sinar Mas, Nippon Paper Industries Co. Ltd, and Michelman Inc., among others.
- Owing to the above-mentioned factors, the market for paper coating materials in the Asia-Pacific region is projected to grow significantly during the study period.
Paper Coating Materials Industry Overview
The global paper coating material market is partially fragmented in nature, with only a few major players dominating the market. Some of the major players in the market (in no particular order) include BASF SE, Eastman Chemical Company, Asia Pulp & Paper (APP) Sinar Mas, Nippon Paper Industries Co. Ltd, and Michelman Inc., among others.
Paper Coating Materials Market Leaders
BASF SE
Eastman Chemical Company
Asia Pulp & Paper (APP) Sinar Mas
NIPPON PAPER INDUSTRIES CO., LTD
Michelman, Inc.
*Disclaimer: Major Players sorted in no particular order
Paper Coating Materials Market News
- July 2022: BASF completed the installation and start-up of a state-of-the-art acrylic dispersions production line in Dahej, India, serving the coatings, construction, adhesives, and paper industries for the South Asian markets.
- June 2022: Confoil and BASF cooperated to develop a certified compostable and dual ovenable food tray based on paper. The paper tray is coated on the inside with BASF's ecovio PS 1606, a partly bio-based and certified compostable biopolymer especially developed for coating food packaging made of paper or board.
Paper Coating Materials Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Drivers
4.1.1 Growing Demand for Paper Coating Materials from the Printing and Packaging Industry
4.1.2 Other Drivers
4.2 Restraints
4.2.1 Growing Use of Electronic Media
4.3 Industry Value Chain Analysis
4.4 Porter Five Forces
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5. MARKET SEGMENTATION (Market Size in Value)
5.1 Coating Material
5.1.1 Clay
5.1.2 Kaolinite
5.1.3 Calcium Carbonate
5.1.4 Bentonite
5.1.5 Talc
5.1.6 Other Coating Materials
5.2 Product
5.2.1 Machine-finished Coated Papers
5.2.2 Standard Coated Fine Papers
5.2.3 Low Coat Weight Papers
5.2.4 Art Papers
5.2.5 Other Products
5.3 Application
5.3.1 Packaging
5.3.2 Binding
5.3.3 Printing
5.3.4 Corrugated Boxes
5.3.5 Other Applications
5.4 Geography
5.4.1 Asia-Pacific
5.4.1.1 China
5.4.1.2 India
5.4.1.3 Japan
5.4.1.4 South Korea
5.4.1.5 Rest of Asia-Pacific
5.4.2 North America
5.4.2.1 United States
5.4.2.2 Canada
5.4.2.3 Mexico
5.4.3 Europe
5.4.3.1 Germany
5.4.3.2 United Kingdom
5.4.3.3 France
5.4.3.4 Italy
5.4.3.5 Rest of Europe
5.4.4 South America
5.4.4.1 Brazil
5.4.4.2 Argentina
5.4.4.3 Rest of South America
5.4.5 Middle-East and Africa
5.4.5.1 Saudi Arabia
5.4.5.2 South Africa
5.4.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share (%)**/Ranking Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 Asia Pulp & Paper Co. Limited
6.4.2 BASF SE
6.4.3 Burgo Group SpA
6.4.4 Dow
6.4.5 Eastman Chemical Company
6.4.6 Imerys SA
6.4.7 Michelman Inc.
6.4.8 Minerals Technologies Inc.
6.4.9 Mondo Minerals BV
6.4.10 Nippon Paper Industries Co. Ltd
6.4.11 Penford Corporation
6.4.12 Roquette Group
6.4.13 Stora Enso Oyj
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Growing Demand for Biopolymer Paper Coating Materials from the Paper Industry
7.2 Other Opportunities
Paper Coating Materials Industry Segmentation
The mixture of material or a polymer which are used to impart certain qualities to the paper is referred to as the paper coating material market. These are used as coatings over the base paper to improve the smoothness, texture, and resistance. The paper coating materials market is segmented by coating material, product, application, and geography. By coating material, the market is segmented into clay, kaolinite, calcium carbonate, bentonite, talc, and other coating materials. By product, the market is segmented into machine-finished coated papers, standard coated fine papers, low-coat weight papers, art paper, and products. By application, the market is segmented into packaging, binding, printing, corrugated boxes, and other applications. The report also covers the market size and forecasts for the methanol market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done based on revenue (USD million).
Coating Material | |
Clay | |
Kaolinite | |
Calcium Carbonate | |
Bentonite | |
Talc | |
Other Coating Materials |
Product | |
Machine-finished Coated Papers | |
Standard Coated Fine Papers | |
Low Coat Weight Papers | |
Art Papers | |
Other Products |
Application | |
Packaging | |
Binding | |
Printing | |
Corrugated Boxes | |
Other Applications |
Geography | |||||||
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Paper Coating Materials Market Research FAQs
What is the current Paper Coating Material Market size?
The Paper Coating Material Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)
Who are the key players in Paper Coating Material Market?
BASF SE, Eastman Chemical Company, Asia Pulp & Paper (APP) Sinar Mas, NIPPON PAPER INDUSTRIES CO., LTD and Michelman, Inc. are the major companies operating in the Paper Coating Material Market.
Which is the fastest growing region in Paper Coating Material Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Paper Coating Material Market?
In 2024, the Asia Pacific accounts for the largest market share in Paper Coating Material Market.
What years does this Paper Coating Material Market cover?
The report covers the Paper Coating Material Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Paper Coating Material Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Paper Coating Material Industry Report
Statistics for the 2024 Paper Coating Material market share, size and revenue growth rate, created by Mordor Intelligenceā¢ Industry Reports. Paper Coating Material analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.