Paper Coating Materials Market - Forecast(2023 - 2028)

Report Code: CMR 63822 Report Format: PDF + Excel

Paper Coating Materials Market Overview

The Paper Coating Materials Market size is projected to reach a value of US$65.3 million by the end of 2027 after growing at a CAGR of 4.2% during the forecast period 2022-2027. Paper coating materials can be categorized into various types which include calcium carbonate, kaolinite (kaolin clay), bentonite, talcum and more. They are primarily used to coat papers which are further utilized in a wide range of industries including packaging, printing, labeling and other industries. According to recent insights published on Interpack in 2020, the global packaging sector is expected to grow by an annual rate of 3.5% within the next four years. An increase in demand for paper packaging from the food and beverage sector along with the growth of the printing industry is expected to drive the growth of the Paper Coating Materials Market size in the upcoming years. On the other hand, high costs associated with paper packaging may confine the growth of the market. In 2020, the surge in the COVID-19 pandemic negatively impacted the packaging industry as a result of the country-wise shutdown of manufacturing sites, shortage of labor and the decline of the supply and demand chain all across the world, thus, temporarily affecting the growth of the paper coating materials industry. However, a steady recovery in the packaging industry has been witnessed since 2021, which in turn, is driving the demand for paper coating materials.

Paper Coating Materials Market Report Coverage

The "Paper Coating Materials Market Report–Forecast (2022-2027)” by IndustryARC, covers an in-depth analysis of the following segments in the Paper Coating Materials Market.

By Coating Material: Calcium Carbonate, Kaolinite (Kaolin Clay), Bentonite, Talcum and Others.
By Product Type: Machine-Finished Coated Paper, Coated Fine Paper, Standard Coated Fine Paper, Low Coat Weight Paper, Plastic-Coated Paper and Others.
By Application: Coated Paperboard, Coated Printing Paper, Paper and Board for Food Packaging, Coated Specialty Papers, Coated Paper Labels, Corrugated Board and Others.
By End-use Industry: Packaging (Food & Beverage (Bakery and Confectionery, Dairy Products, Fruits and Vegetables, Instant Meals, Others), Cosmetics & Personal Care (Skin Care, Body Care, Perfume & Fragrances, Others), Pharmaceuticals, Electrical & Electronics, Automotive, Shipping & Logistics, Others), Printing, Label and Others.
By Geography: North America (the USA, Canada and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Denmark, Belgium and the Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile and Rest of South America), Rest of the World [Middle East (Saudi Arabia, UAE, Israel and Rest of Middle East) and Africa (South Africa, Nigeria and Rest of Africa)].

Key Takeaways

  • Kaolinite (Kaolin Clay) material held the largest share in Paper Coating Materials Market in 2021. Its wide range of characteristics, along with better texture and compatibility made it stand out in comparison to other types of coating materials in the market.
  • Coated paperboard segment held a significant share in Paper Coating Materials Market in 2021, owing to its increasing demand from the packaging sector, particularly food packaging.
  • Asia-Pacific dominated the Paper Coating Materials Market in 2021, owing to its increasing demand from the packaging sector of the region.
  • A detailed analysis of strengths, weaknesses, opportunities and threats will be provided in the Paper Coating Materials Market Report.

Figure: Paper Coating Materials Market Revenue Share, By Geography, 2021 (%)

Paper Coating Materials Market

For More Details On this report - Request For Sample

Paper Coating Materials Market Segment Analysis – by Coating Material

Kaolinite (Kaolin clay) material held the largest Paper Coating Materials Market share of over 25% in 2021, owing to the range of characteristics and benefits it offers over other types of coating materials. For instance, Kaolinite (kaolin clay) offers an enhanced paper appearance, which is characterized by smoothness, gloss, opacity and brightness in comparison to calcium carbonate, bentonite, talcum and other types of coating materials. Moreover, it also improves the printability and texture of the coated paper along with providing better adherence of the coating to the paper’s surface as compared to other types of coating materials. Kaolinite (kaolin clay) also reduces the tendency of lint formation on the paper’s surface. Hence, all of these benefits are driving its demand over types of coating materials, which in turn, is expected to boost the market growth during the forecast period.

Paper Coating Materials Market Segment Analysis – by Application

The coated paperboard held a significant Paper Coating Materials Market share of over 18% in 2021, owing to its increasing demand from the packaging sector, particularly food packaging due to the properties they hold. Coated paperboard is highly flexible and adaptable, can be easily cut to any shape or size as per the requirements in comparison to other packaging types. They can store a wide variety of food products from bakery products to dairy products and even fruits and vegetables. Thus, it provides better protection of the food products and ensures convenient and safe delivery of food products from one destination to another. Furthermore, they are lightweight, cost-effective and readily available, which makes them ideal for use in the food packaging sector. According to the Packaging Industry Association of India, food packaging is considered to be one of the industries with a high growth rate in India and is rising at 22%-25% per year. Thus, such surging growth of the food packaging sector is expected to increase the demand for coated paperboard for use in the packaging in the food sector.

Paper Coating Materials Market Segment Analysis – by Geography

Asia-Pacific held a dominant Paper Coating Materials Market share of around 45% in the year 2021. According to a recent study published on Interpack, China holds the largest market share around the world when it comes to food packaging. The consumption of food packaging in China is expected to increase to 447,066 million in 2023. Likewise, it further states that the Chinese packaging companies such as 3D, SIP and WLCSP alone achieved a revenue of around US$ 5.88 billion with end packaging. Moreover, according to the Packaging Industry Association of India, the Indian packaging industry was valued at around US$ 50.5 billion in 2019 and is expected to increase up to US$ 204.81 billion by the end of 2025, with food packaging accounting for the highest growth rate.

Paper Coating Materials Market Drivers

An increase in demand for paper packaging from the food and beverage sector

The properties of paper packaging such as biodegradability, recyclability, versatility, wide availability, lightweight and sustainability are driving its demand from the food & beverage sector for the packaging of food and beverage products. For instance, according to PMMI (The Association for Packaging and Processing), the North American beverage industry is expected to increase by 4.5% from 2018 to 2028, with the United States leading the beverage packaging sector. Likewise, recent insights from the Packaging Federation of the United Kingdom state that the UK packaging manufacturing industry reached an annual sales of GBP 11 billion (US$ 15.2 billion) in 2020, owing to the increasing demand for packaging from multiple sectors including the food & beverages sector of the region.

Growth of the printing industry

Paper coating materials are commonly used in the printing industry for the production of coated printing papers that are mainly utilized in the commercial printing industry involving the production of magazines, newspapers, books, brochures and more. The use of coated papers in commercial printing produces sharper, brighter images while offering better reflectivity than uncoated paper. For instance, according to the All India Federation of Master Printers (AIFMP), the commercial printing industry in India is expanding at a rate of around 10% every year. Moreover, according to recent insights from GroupM, a leading media firm, the total investments in commercial printing including newspapers, magazines and more reached US$563.02 billion in 2019, an increase of 3.6% from US$543.71 billion in 2018. Hence, such surging growth of the printing industry is expected to increase the demand for paper coating materials for the production of coated printing papers utilized in the industry. This is expected to accelerate the growth of the market in the upcoming years.

Paper Coating Materials Market Challenge

High costs associated with paper packaging

The rise in costs of raw materials such as pulp has made it difficult to access paper for various packaging purposes. According to the U.S. Bureau of Labor Statistics, the PPI and pulp cost and raw materials for corrugated boxes in 2021 have increased by more than 25% in the past 12 months. Furthermore, another major factor that is causing the increase in packaging costs is transportation. Prices of crude oil have increased up to 40% since the beginning of the year 2021 and its prices are expected to increase up to US$ 80 per barrel in the upcoming years. This, in turn, has increased the overall costs of transporting the raw materials required for the production of paper packaging, thus, leading to increased paper packaging costs. Hence, such high costs associated with paper packaging may limit the growth of the paper coating materials industry during the forecast period.

Paper Coating Materials Industry Outlook

Technology launches, acquisitions and increased R&D activities are key strategies adopted by players in the Paper Coating Materials Market. The top 10 companies in Paper Coating Materials Market are:

  1. BASF SE
  2. Eastman Chemical Company
  3. Nippon Paper Industries Co. Ltd.
  4. Asia Pulp & Paper Co. Limited
  5. Imerys SA
  6. Michelman Inc.
  7. Dow
  8. Penford Corporation
  9. Stora Enso Oyj
  10. Burgo Group SpA

Recent Development

  • In April 2022, BillerudKorsnas completed the acquisition of Verso, a leading manufacturer of coated paper in North America with US$825 million. The main motive of this acquisition was to expand and strengthen the company’s presence in the North American market.

Relevant Reports

Paper Coating Additives Market – Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast Analysis

Report Code: CMR 0046

Coated Paper Market – Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast Analysis

Report Code: CMR 26097

Coating Materials Market – Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast Analysis

Report Code: CMR 1160

For more Chemicals and Materials Market reports, please click here

1. Paper Coating Materials Market - Market Overview
    1.1 Definitions and Scope
2. Paper Coating Materials Market - Executive Summary
    2.1 Key Trends by Coating Material
    2.2 Key Trends by Product Type
    2.3 Key Trends by Application
    2.4 Key Trends by End-use Industry
    2.5 Key Trends by Geography
3. Paper Coating Materials Market – Comparative analysis
    3.1 Market Share Analysis - Major Companies
    3.2 Product Benchmarking - Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis - Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Paper Coating Materials Market - Startup companies Scenario Premium Premium
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Paper Coating Materials Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. Paper Coating Materials Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porter's Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes
7. Paper Coating Materials Market – Strategic Analysis
    7.1 Value/Supply Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. Paper Coating Materials Market – by Coating Material (Market Size - US$ Million/Billion)
    8.1 Calcium Carbonate
    8.2 Kaolinite (Kaolin Clay)
    8.3 Bentonite
    8.4 Talcum
    8.5 Others
9. Paper Coating Materials Market – by Product Type (Market Size - US$ Million/Billion)
    9.1 Machine-Finished Coated Paper
    9.2 Coated Fine Paper
    9.3 Standard Coated Fine Paper
    9.4 Low Coat Weight Paper
    9.5 Plastic-Coated Paper
    9.6 Others
10. Paper Coating Materials Market – by Application (Market Size - US$ Million/Billion)
    10.1 Coated Paperboard
    10.2 Coated Printing Paper
    10.3 Paper And Board for Food Packaging
    10.4 Coated Specialty Papers
    10.5 Coated Paper Labels
    10.6 Corrugated Board
    10.7 Others
11. Paper Coating Materials Market – by End-use Industry (Market Size - US$ Million/Billion)
    11.1 Packaging
        11.1.1 Food & Beverage
            11.1.1.1 Bakery and Confectionery
            11.1.1.2 Dairy Products
            11.1.1.3 Fruits and Vegetables
            11.1.1.4 Instant Meals
            11.1.1.5 Others
        11.1.2 Cosmetics & Personal Care
            11.1.2.1 Skin Care
            11.1.2.2 Body Care
            11.1.2.3 Perfume & Fragrances
            11.1.2.4 Others
        11.1.3 Pharmaceuticals
        11.1.4 Electrical & Electronics
        11.1.5 Automotive
        11.1.6 Shipping & Logistics
        11.1.7 Others
    11.2 Printing
    11.3 Label
    11.4 Others
12. Paper Coating Materials Market - By Geography (Market Size - US$ Million/Billion)
    12.1 North America
        12.1.1 USA
        12.1.2 Canada
        12.1.3 Mexico
    12.2 Europe
        12.2.1 UK
        12.2.2 Germany
        12.2.3 France
        12.2.4 Italy
        12.2.5 Netherlands
        12.2.6 Spain
        12.2.7 Denmark
        12.2.8 Belgium
        12.2.9 Rest of Europe
    12.3 Asia-Pacific
        12.3.1 China
        12.3.2 Japan
        12.3.3 India
        12.3.4 South Korea
        12.3.5 Australia and New Zealand
        12.3.6 Indonesia
        12.3.7 Taiwan
        12.3.8 Malaysia
        12.3.9 Rest of APAC
    12.4 South America
        12.4.1 Brazil
        12.4.2 Argentina
        12.4.3 Colombia
        12.4.4 Chile
        12.4.5 Rest of South America
    12.5 Rest of the World
        12.5.1 Middle East
            12.5.1.1 Saudi Arabia
            12.5.1.2 UAE
            12.5.1.3 Israel
            12.5.1.4 Rest of the Middle East
        12.5.2 Africa
            12.5.2.1 South Africa
            12.5.2.2 Nigeria
            12.5.2.3 Rest of Africa
13. Paper Coating Materials Market – Entropy
    13.1 New Product Launches
    13.2 M&As, Collaborations, JVs and Partnerships
14. Paper Coating Materials Market – Industry/Segment Competition Landscape Premium
    14.1 Company Benchmarking Matrix – Major Companies
    14.2 Market Share at Global Level - Major companies
    14.3 Market Share by Key Geography - Major companies
    14.4 Market Share at Country Level - Major companies
    14.5 Market Share by Key Crop Type/Product category - Major companies
15. Paper Coating Materials Market – Key Company List by Country Premium Premium
16. Paper Coating Materials Market Company Analysis - Business Overview, Product Portfolio, Financials and Developments
    16.1 Company 1
    16.2 Company 2
    16.3 Company 3
    16.4 Company 4
    16.5 Company 5
    16.6 Company 6
    16.7 Company 7
    16.8 Company 8
    16.9 Company 9
    16.10 Company 10
* "Financials would be provided to private companies on best-efforts basis."
Connect with our experts to get customized reports that best suit your requirements. Our reports include global-level data, niche markets and competitive landscape.