Global Coated Papers Market 2017-2021

Overview of the global coated papers market

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.

Competitive landscape and key vendors