Additional insights from the report include:
• Fine products, with more than 50 per cent of the overall revenue, will continue to have strong consumption. These find exclusive applications in offset printing which is accountable for more than one-third of all the printed materials.
• Based on application, the coated paper market is led by the packaging industry which accounted for more than 48 per cent of the overall share in 2015. Printing industry will lose its share owing to the increasing digitalization and popularization of e-books and online magazines and newspapers.
• Europe coated paper market size will remain mature in terms of growth opportunities, recording a revenue more than US$14 million in 2015. Asia Pacific is likely to be the most rapidly growing region with CAGR more than 6 per cent from 2016 to 2024.
• Global coated paper market is moderately fragmented with top five companies having less than 40 per cent of the overall market size.
Global Market Insights believes market growth will be restrained by decreasing global pulp plantation, resulting in the closure of several pulp manufacturing industries. “Paper and pulp industry is very capital intensive owing to the huge investments in land, resources, raw materials, and labor forces; and this factor may negatively impact the growth of the coated paper market size in the next few years,” continued the report.
Source : www.pulpandpapercanada.com