The Asia Pacific Paper Coating Materials Market would witness market growth of 4.9% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 1,627.7 kilo tonnes, showcasing a growth of 1.9% (2019-2022).
Double-side coating represents a crucial segment within the Paper Coating Materials Market, offering enhanced properties and versatility for various applications across industries. In double-side coating, both sides of the paper substrate are coated with coating materials, providing balanced properties and improved performance compared to single-side coating methods. Thus, the China market utilized 110.51 kilo tonnes of Double-side coating Materials in 2022.
The China market dominated the Asia Pacific Paper Coating Materials Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $371.6 million by 2030. The Japan market is exhibiting a CAGR of 4.2% during (2023 - 2030). Additionally, The India market would experience a CAGR of 5.5% during (2023 - 2030).
The applications of paper coating materials are diverse, encompassing various industries and product categories. Coated papers are widely utilized in the packaging industry to improve the aesthetics and practicality of products. This includes food packaging, where the coatings' barrier properties help preserve the contents’ freshness while preventing external contaminants from compromising the product integrity.
Moreover, coated papers have become the substrate of choice for high-quality and vibrant prints in the printing industry. The smooth and uniform surface the coating provides allows for superior ink adhesion, resulting in sharp and vivid images. Additionally, the coatings contribute to improved resistance against wear and tear, making them suitable for diverse printing applications, such as magazines, brochures, and promotional materials.
The growing packaging sector in India is playing a pivotal role in expanding the utilization of paper coating materials. Paper coatings are witnessing increased adoption in India, from addressing the demand for sustainable and attractive packaging to meeting the diverse needs of various consumer goods industries. The packaging sector in India has witnessed substantial Investments in infrastructure, technology, and manufacturing capabilities. This investment supports the adoption of advanced packaging materials, including paper coating technologies. The modernization of the packaging industry is creating opportunities for integrating innovative and sustainable solutions. As per the data from Invest India, the Indian packaging industry is expected to reach $ 204.81 Bn by 2025, registering a growth rate of 26.7% during the period of 2020-2025. Hence, the rise in the packaging sector and the expansion of e-commerce platforms in Asia Pacific will boost the growth of the regional market.
Free Valuable Insights: The Global Paper Coating Materials Market is Predict to reach USD 2.9 Billion by 2030, at a CAGR of 4.7%
Based on Coating Type, the market is segmented into Single-side, and Double-side. Based on Material Type, the market is segmented into Calcium Carbonate (Ground Calcium Carbonate (GCC), and Precipitated Calcium Carbonate (PCC)), Kaolin Clay, Titanium Dioxide, Starch, and Others. Based on End Use, the market is segmented into Packaging, Binding, Stationary, Corrugated Boxes, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
By Coating Type (Volume, Killo Tonnes, USD Billion, 2019-2030)
By Material Type (Volume, Killo Tonnes, USD Billion, 2019-2030)
By End Use (Volume, Killo Tonnes, USD Billion, 2019-2030)
By Country (Volume, Killo Tonnes, USD Billion, 2019-2030)
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