Paper Coating Material Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 2.13 Billion |
| Market Size (2029) | USD 2.67 Billion |
| CAGR (2024 - 2029) | 4.50 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Paper Coating Material Market Analysis
The Paper Coating Material Market size is estimated at USD 2.13 billion in 2024, and is expected to reach USD 2.67 billion by 2029, growing at a CAGR of greater than 4.5% during the forecast period (2024-2029).
- Over the short term, the growing demand for paper coating materials from the printing and packaging industry is the major factor driving the growth of the market studied.
- However, the increasing use of electronic media is expected to hinder the growth of the market studied.
- Nevertheless, the growing demand for biopolymer paper coating material from the paper industry is likely to create lucrative growth opportunities for the market studied in the coming years.
- Asia-Pacific is expected to dominate the market, with the largest consumption from countries such as China and India.
Paper Coating Material Market Trends
Growing Demand for Paper Coating Materials from the Printing and Packaging Industry
- Paper is coated with a blend of materials or polymers to impart specific characteristics, such as weight, surface sheen, smoothness, and reduced ink absorbency.
- Paper coating material is a type of material used to coat paper and paperboard to enhance their properties, such as printability, durability, and water resistance.
- Due to the rising demand for product self-promotion on store shelves and growing environmental concerns, the packaging industry has emerged as the predominant consumer of paper-coating materials.
- As per the data from the Association for Packaging and Processing Technologies (PMMI), the flexible packaging market surged to approximately USD 290 billion in 2023 globally. This surge is primarily driven by increasing consumer preferences for convenient packaging and a unified industry shift toward sustainable, shelf-ready designs.
- The US Flexible Packaging Association highlights that food packaging constitutes over 50% of flexible packaging applications. The food and beverage industry is anticipated to register a market volume of around USD 25 billion by 2025, boasting an annual growth rate surpassing 4.7%. As food production and marketing expand, so does the demand for packaging, underscoring its significance for the paper-coating material market.
- Coated paper is extensively used in printing to enhance aesthetics. In food packaging, coated paper acts as a barrier to moisture and oxygen, ensuring freshness and extending shelf life.
- As per the data from the Bureau of International Recycling (BIR), the global production of paper and cardboard stands at around 420 million tonnes annually, with over half of the production sourced from recovered materials.
- Additionally, the Food and Agriculture Organization (FAO) reported that in 2022, global production reached approximately 91 million metric tons of graphic paper and 265 million metric tons of packaging paper and board, totaling over 414 million metric tons.
- Moreover, data from Suzano Papel e Celulose, a prominent Brazilian paper and pulp producer, indicated that the global consumption of paper and paperboard reached an estimated 420 million tons in 2023, and it is expected to reach 432 million tons in 2024.
- Given these dynamics, the application of paper coating materials in printing and packaging is poised to grow during the forecast period.
Asia-Pacific is Expected to Dominate the Market
- Asia-Pacific is poised to lead the market for paper coating materials in the coming years. The surge in demand for these materials, particularly from the packaging and printing sectors, is being fueled by the region's burgeoning population, rising disposable incomes, and increased consumption of processed foods and beverages. These trends have spurred numerous expansion projects across various Asia-Pacific nations.
o For instance, in March 2024, PepsiCo unveiled plans to invest USD 390 million in establishing two beverage manufacturing plants in Vietnam's Ha Nam and Long An provinces. Both plants are set to commence operations by 2026.
o Further, Frucor Suntory, a prominent Japanese beverage company, declared its USD 400 million investment in Q3 2022 in a new facility in Queensland, Australia, slated to start operations in 2024, boasting an annual capacity of 20 million drink cases. - There is a growing momentum toward eco-friendly and sustainable paper packaging, especially with nations like India and China advocating for paper over plastic.
- China's packaging industry, buoyed by its expanding economy and rising middle class, has seen food packaging dominate, holding about 60% of the market share. Interpak reported that in 2023, China's foodstuff packaging reached an impressive 447 billion units.
- The India Brand Equity Foundation (IBEF) projects India's packaging sector to register a CAGR of 26.7%, reaching USD 204.81 billion by 2025, driven by surges in FMCG, food processing, manufacturing, and e-commerce. This growth is set to bolster the demand for paper coating materials.
- Leading the production of paper coating materials, Asia-Pacific boasts major players like BASF SE, Eastman Chemical Company, Asia Pulp & Paper (APP) Sinar Mas, Nippon Paper Industries Co. Ltd, and Michelman Inc.
- Given these dynamics, the Asia-Pacific market for paper coating materials is expected to grow in the coming years.
Paper Coating Material Industry Overview
The global paper coating material market is partially fragmented in nature, with only a few major players dominating the market. Some of the major players in the market include BASF SE, Eastman Chemical Company, Asia Pulp & Paper (APP) Sinar Mas, Nippon Paper Industries Co. Ltd, and Michelman Inc. (not in any particular order).
Paper Coating Material Market Leaders
-
BASF SE
-
Eastman Chemical Company
-
Asia Pulp & Paper (APP) Sinar Mas
-
NIPPON PAPER INDUSTRIES CO., LTD
-
Michelman, Inc.
*Disclaimer: Major Players sorted in no particular order
Paper Coating Material Market News
- July 2022: BASF completed the installation and start-up of a state-of-the-art acrylic dispersions production line in Dahej, India, serving the coatings, construction, adhesives, and paper industries for South Asian markets.
- June 2022: Confoil and BASF collaborated to develop a certified compostable and dual ovenable food tray based on paper. This paper tray is coated on the inside with BASF's ecovio PS 1606, which is a partly bio-based and certified compostable biopolymer developed especially for coating food packaging made of paper or board.
Paper Coating Materials Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
-
4.1 Drivers
- 4.1.1 Growing Demand for Paper Coating Materials from the Printing and Packaging Industry
- 4.1.2 Other Drivers
-
4.2 Restraints
- 4.2.1 Increasing Use of Electronic Media
- 4.2.2 Other Restraints
- 4.3 Industry Value Chain Analysis
-
4.4 Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Buyers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products and Services
- 4.4.5 Degree of Competition
5. MARKET SEGMENTATION (Market Size in Value)
-
5.1 By Coating Material
- 5.1.1 Clay
- 5.1.2 Kaolinite
- 5.1.3 Calcium Carbonate
- 5.1.4 Bentonite
- 5.1.5 Talc
- 5.1.6 Other Coating Materials
-
5.2 By Product
- 5.2.1 Machine-finished Coated Papers
- 5.2.2 Standard Coated Fine Papers
- 5.2.3 Low Coat Weight Papers
- 5.2.4 Art Papers
- 5.2.5 Other Products
-
5.3 By Application
- 5.3.1 Packaging
- 5.3.2 Binding
- 5.3.3 Printing
- 5.3.4 Corrugated Boxes
- 5.3.5 Other Applications
-
5.4 By Geography
- 5.4.1 Asia-Pacific
- 5.4.1.1 China
- 5.4.1.2 India
- 5.4.1.3 Japan
- 5.4.1.4 South Korea
- 5.4.1.5 Malaysia
- 5.4.1.6 Thailand
- 5.4.1.7 Indonesia
- 5.4.1.8 Vietnam
- 5.4.1.9 Rest of Asia-Pacific
- 5.4.2 North America
- 5.4.2.1 United States
- 5.4.2.2 Canada
- 5.4.2.3 Mexico
- 5.4.3 Europe
- 5.4.3.1 Germany
- 5.4.3.2 United Kingdom
- 5.4.3.3 France
- 5.4.3.4 Italy
- 5.4.3.5 Spain
- 5.4.3.6 NORDIC countries
- 5.4.3.7 Turkey
- 5.4.3.8 Russia
- 5.4.3.9 Rest of Europe
- 5.4.4 South America
- 5.4.4.1 Brazil
- 5.4.4.2 Argentina
- 5.4.4.3 Colombia
- 5.4.4.4 Rest of South America
- 5.4.5 Middle East and Africa
- 5.4.5.1 Saudi Arabia
- 5.4.5.2 Qatar
- 5.4.5.3 United Arab Emirates
- 5.4.5.4 Nigeria
- 5.4.5.5 Egypt
- 5.4.5.6 South Africa
- 5.4.5.7 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Share (%)**/Ranking Analysis
- 6.3 Strategies Adopted by Leading Players
-
6.4 Company Profiles
- 6.4.1 Asia Pulp & Paper (APP) Sinar Mas
- 6.4.2 BASF SE
- 6.4.3 Burgo Group SpA
- 6.4.4 Dow
- 6.4.5 Eastman Chemical Company
- 6.4.6 Imerys
- 6.4.7 Ingredion
- 6.4.8 JK Paper
- 6.4.9 Michelman Inc.
- 6.4.10 Minerals Technologies Inc.
- 6.4.11 Nippon Paper Industries Co. Ltd
- 6.4.12 Roquette
- 6.4.13 Stora Enso Oyj
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 Growing Demand for Biopolymer Paper Coating Materials from the Paper Industry
- 7.2 Other Opportunities
Paper Coating Material Industry Segmentation
The mixture of materials or a polymer used to impart certain qualities to the paper is referred to as the paper coating material. These are used as coatings over the base paper to improve its smoothness, texture, and resistance.
The paper coating materials market is segmented by coating material, product, application, and geography. By coating material, the market is segmented into clay, kaolinite, calcium carbonate, bentonite, talc, and other coating materials. By product, the market is segmented into machine-finished coated papers, standard coated fine papers, low-coat weight papers, art paper, and products. By application, the market is segmented into packaging, binding, printing, corrugated boxes, and other applications.
The report also covers the market size and forecasts for the paper coating material market in 27 countries across major regions. For each segment, the market sizing and forecasts were made on the basis of value (USD).
| By Coating Material | Clay | |
| Kaolinite | ||
| Calcium Carbonate | ||
| Bentonite | ||
| Talc | ||
| Other Coating Materials | ||
| By Product | Machine-finished Coated Papers | |
| Standard Coated Fine Papers | ||
| Low Coat Weight Papers | ||
| Art Papers | ||
| Other Products | ||
| By Application | Packaging | |
| Binding | ||
| Printing | ||
| Corrugated Boxes | ||
| Other Applications | ||
| By Geography | Asia-Pacific | China |
| India | ||
| Japan | ||
| South Korea | ||
| Malaysia | ||
| Thailand | ||
| Indonesia | ||
| Vietnam | ||
| Rest of Asia-Pacific | ||
| By Geography | North America | United States |
| Canada | ||
| Mexico | ||
| By Geography | Europe | Germany |
| United Kingdom | ||
| France | ||
| Italy | ||
| Spain | ||
| NORDIC countries | ||
| Turkey | ||
| Russia | ||
| Rest of Europe | ||
| By Geography | South America | Brazil |
| Argentina | ||
| Colombia | ||
| Rest of South America | ||
| By Geography | Middle East and Africa | Saudi Arabia |
| Qatar | ||
| United Arab Emirates | ||
| Nigeria | ||
| Egypt | ||
| South Africa | ||
| Rest of Middle East and Africa |
Paper Coating Materials Market Research FAQs
How big is the Paper Coating Material Market?
The Paper Coating Material Market size is expected to reach USD 2.13 billion in 2024 and grow at a CAGR of greater than 4.5% to reach USD 2.67 billion by 2029.
What is the current Paper Coating Material Market size?
In 2024, the Paper Coating Material Market size is expected to reach USD 2.13 billion.
Who are the key players in Paper Coating Material Market?
BASF SE, Eastman Chemical Company, Asia Pulp & Paper (APP) Sinar Mas, NIPPON PAPER INDUSTRIES CO., LTD and Michelman, Inc. are the major companies operating in the Paper Coating Material Market.
Which is the fastest growing region in Paper Coating Material Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Paper Coating Material Market?
In 2024, the Asia Pacific accounts for the largest market share in Paper Coating Material Market.
What years does this Paper Coating Material Market cover, and what was the market size in 2023?
In 2023, the Paper Coating Material Market size was estimated at USD 2.03 billion. The report covers the Paper Coating Material Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Paper Coating Material Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Paper Coating Material Industry Report
Statistics for the 2024 Paper Coating Material market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Paper Coating Material analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
