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Coated paper market worth 7.18 billion USD by 2021

Coated paper market worth 7.18 billion USD by 2021

Grounded Calcium Carbonate (GCC) is the most extensively used material in coated paper manufacturing. GCC is obtained through fine grinding, washing, and crushing natural white calcite (CaCO3).

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This growth is fueled by high demand for coated paper from various applications due to bio-degradability and eco-friendly characteristics of coated paper. Furthermore, the global demand for coated paper in Asia-Pacific, Europe, and North America is growing, owing to its increased use in printing and packaging applications.

Coated paper is preferred over plastics in packaging applications, owing to its eco-friendly characteristics.

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Grounded Calcium Carbonate (GCC) is the most preferred coating material for the production of coated paper

The wide use of GCC is due to its brightness and light scattering properties. Grounded Calcium Carbonate (GCC) provides optimum particle distribution on paper surface and hence, GCC coated paper finds extensive application in printing as well as in packaging.

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Based on type, the coated fine paper segment is expected to lead the coated paper market

Coated fine papers are manufactured in sheets and for offset printing. They are wood free papers, which consist of about 90% chemical pulp and very low amount of wood pulp.

Lightweight and medium weight coated papers with high brightness are the main competitors of coated fine papers. Coated fine papers find application in promotional materials, books, financial reports, and high quality handbooks and can be recycled.

Asia-Pacific is expected to lead the coated paper market during the forecast period

Asia-Pacific is the largest market for coated paper, in terms of value, and is expected to lead the coated paper market during the forecast period. Countries in this region such as China and India are witnessing significant increase in the use of coated paper in printing and packaging applications.

This growth can be attributed to the easy availability of coating materials and availability of end-use industries, which is driving the demand for coated paper in the region. The U.S. is the largest market for coated paper in North America and is projected to continue its dominance during the forecast period.

The coated paper market has considerable players competing for significant market shares. These companies are actively adopting various strategies such as new product development, acquisitions, and joint ventures & partnerships to increase their market shares.

Major manufacturers such as Nippon Paper Industries Co., Ltd. (Japan) and Oji Holdings Corporation (Japan), among others, have adopted various organic and inorganic strategies to expand their business in the region.

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