The paper coating market is anticipated to grow at a significant CAGR of 3.8% during the forecast period (2022-2028).In the coming times, demand for paper as a packaging option would be at a higher extent as it would be economical. It would also increase manufacturing productivity. Paper coatings are used on magazines and catalog which in turn makes them free from general wear and tear and it also provides smooth finish to the object. Goods on which paper coatings are done, the advertising value of such goods increase.
A full report of Global Paper Coating Market is available at:https://orionmarketreports.com/global-paper-coating-market/109568/
Replacement of paper coatings as an alternative to plastic is expected to drive the market during the forecast period. For instance, in May 2021, Scientists from the Fraunhofer Institute have developed a coating that can be used in place of plastic. This will be a good replacement for plastic in a more sustainable way. Due to food packaging, plastic wastes are piling up year and year and is posing a threat to our environment. This lead to a huge amount of plastic waste in the environment. This newly designed coating is derived from plant-based proteins. It increases the life of food if they are packed with it and can be easily disposed of in recycling. This wrapping paper is given a special coating that is extracted from plant proteins rich in biobased additives.
Some major players in the marketinclude Omya International AG, Kernow Coatings Ltd., BASF SE, Michelman, Inc. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in June 2020, Koehler Nex Coathas developed an eco-friendly solution with their new product in which they have provided paper coating on one side. This kraft paper is a new addition to their portfolio and can be used as part of a lid. They can be put as a cover coating for dairy products such as curd or yoghurt. This paper is prepared for lamination and has PET film. This is a good alternative that can be used in place of aluminium as they are burst resistant. This product has a glossy finish that looks premium. The company have also launched another product which is Koehler Next Coat M. This can be used majorly as a labelling product. Printing can be done on this paper. The company have launched this product so that they can develop sustainable options which can be used putting no harm to the environment.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Paper Type
- By Coating type
- By End-User
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape-PPG Industries Inc., Eastman Chemical Co., Omya International AG, Kernow Coatings Ltd., BASF SE, Michelman, Inc., and Others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Paper Coating Market Report By Segment
By Paper Type
- Corrugated Board
- Paperboard
- Speciality Paper
- Printing Paper
By Coating Type
- Water-based
- Solvent-based
- Wax-based
By End-User
- Food & Beverages
- Personal Care & Cosmetics
- Pharmaceuticals
- Others
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