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Market research analysts at Technavio predict that the global coated papers market will grow steadily during the forecast period and post a CAGR of more than 3% by 2021. This market research analysis identifies the rising internet trade and online retail sales as one of the primary growth factors for this market. The market has been boosted by the rising popularity of online trade and e-commerce along with the increasing demand for the door step delivery of commodities and the home delivery retail system. The number of customers who prefer to purchase goods online has increased which will propel the growth of internet trade and retail sales. The increased customer preference towards online shopping is mainly due to the convenience it provides and the ability to order from anywhere. With the emergence of several customer-friendly applications and portals, this increase in online trade will be a major factor fueling the growth of this market.
The market research report identifies the increased preference for cost-effective biodegradable packaging as one of the primary trends behind the growth of this market. Increased customer awareness supported by shift in customer attitude and preference for eco-friendly packaging will trigger the demand for coated papers for food and beverage packaging. Vendors are investing heavily in R&D to come up with new technology and innovations to develop cost effective methods of production which would enable them to overcome the challenges. Globalization and increase in population positively impact the demand for ecofriendly packaging for food and beverage. The growth of key application segments and the development of new applications is necessitating the development of new cost-effective biodegradable products and eco-friendly manufacturing technologies.
The market is dominated by well-diversified international and regional vendors who compete on major factors such as innovation, price, operational cost, and product quality. The international players dominate the market while smaller vendors occupy significant market shares. Increased product development in terms of product innovation and technology will further intensify the competition in the market. The dominant vendors can handle the fluctuations in the market and gain competitive advantage over the competitors.
The leading vendors in the market are -
The other prominent vendors in the market are Arjowiggins, APP (Asia Pulp & Paper), Arbor Private Investment, Michelman, Packaging Corporation of America, Ingredion, Resolute Forest Products, Twin Rivers Paper, and Verso.
During 2016, the coated fine paper segment accounted for the major shares and dominated this market. Factors such as the ease of calendaring and high pigment content will contribute to the growth of this industry segment in the coming years. Coated fine papers are commonly used in printing art books, magazines, annual reports, and advertising materials which are further used in a broad range of applications such as brochures, catalogs, books, advertising materials, and magazines.
The packaging segment dominated the market and was the major revenue contributor to the market during 2016. Food and beverage, pharmaceuticals, and others are increasingly demanding the use of coated papers for packaging applications. Coated papers are used in a broad range of food packaging products such as cups, seal bags, pouches, sachets, and paper bags. This segment is primarily impacted by the diverse portfolio of end-user industry products such as apparel, cosmetics, electronic gadgets, and books.
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Coated papers are those papers that are covered or layered with polymers or compounds to impart properties such as smoothness, surface gloss, and reduced ink absorbency. These papers have glossy or matte finishes and are used in magazines, book covers, art books, brochures, advertising materials, newspapers, and many other applications. Technavio’s reports for the chemicals and materials industry cover a wide range of product markets including textile, fiber, and composites, paints, coatings, and pigments, and olefins. In addition to producing information on various parameters including the shift in customer preferences and the factors, which will drive and curb the growth of the vendors in the textile, fiber, and composites industry market space, Technavio’s reports also provide a detailed analysis of the leading vendors in the chemicals and materials market.
To accurately forecast the textile, fiber, and composites industry’s growth possibilities, our market research experts follow a steady mix research approach of primary and secondary methods and conduct an extensive analysis of the parameters, including innovations in technology and the demand-supply shifts for diverse markets spanning across the globe. To help clients frame innovative plans for market growth, our upcoming industry research report on the global coated papers market for the forecast period of 2017 to 2021 furnishes practical insights concocted from the statistics gathered from robust sources of market intelligence such as manufacturers, channel partners, regulatory bodies, and stakeholders.
This upcoming report on the global coated papers market also considers the growth of similar markets such as the coated fabrics and carbon fiber in sports equipment, which are expected to grow at a CAGR of almost 4% and about 7%, respectively, by the year 2021. As per our market research analysts, the high demand from end-use application sectors such as printing, packaging, business communication, and labeling will fuel the textile, fiber, and composites market’s growth in the next few years. Based on many client’s requirements, Technavio also provides customized reports, which will enable regional vendors and players establish their presence in the chemicals and minerals market.
The upcoming industry research report for the global coated papers market also identifies the market drivers, emerging trends, and the hurdles currently experienced by the chemicals and materials industry and also presents deep-dive insights into the sectors of additives, adhesives, and sealants, chemical engineering equipment, and metals and minerals.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by coating type
PART 07: Market segmentation by type
PART 08: Market segmentation by application
PART 09: Market segmentation by geography
PART 10: Decision framework
PART 11: Drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Key vendor analysis
PART 15: Appendix
Tags: art paper, kraft paper, coatings, plastic manufacturers, chemicals and materials market segment, textile, fiber, and composites business segment,
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