The Europe Paper Coating Materials Market would witness market growth of 4.4% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 562.8 kilo tonnes, showcasing a growth of 1.6% (2019-2022).
The Packaging Paper Coating Materials Market serves as a critical component in the production of various packaging materials used across a multitude of industries. Packaging paper coating materials are indispensable for enhancing the functionality, durability, and aesthetic appeal of packaging solutions, catering to diverse end-use applications ranging from food and beverage to pharmaceuticals and consumer goods. Therefore, the Germany market utilized 74.76 kilo tonnes of Packaging Paper Coating Materials in 2022.
The Germany market dominated the Europe Paper Coating Materials Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $127.1 million by 2030. The UK market is registering a CAGR of 3.5% during (2023 - 2030). Additionally, The France market would showcase a CAGR of 5.2% during (2023 - 2030).
Label manufacturers have increasingly turned to paper-coating materials to produce enhanced durability and aesthetic labels. The coatings protect labels from moisture, abrasion, and fading, ensuring that crucial information remains legible throughout the product's lifecycle. This application is particularly crucial in pharmaceutical industries, where product information and regulatory compliance are paramount.
In addition, several noteworthy trends shape the market, reflecting the evolving needs of industries and consumers. Among these trends, the surge in demand for water-based coatings has gained prominence. With reduced volatile organic compound (VOC) emissions, water-based coatings contribute to a healthier work environment and meet stringent regulatory requirements.
Furthermore, a considerable increase in e-commerce has been observed in the United Kingdom, as more consumers opt for the ease and comfort of placing orders from the solace of their residences. The growth of e-commerce platforms has been propelled by this change in consumer behavior, creating a need for packaging materials that guarantee the secure and protected transportation of goods. As per the International Trade Administration, consumer e-commerce now accounts for 36.3% of the total retail sector in the UK (as of Jan 2021), with e-commerce revenue projected to increase to 285.60 billion dollars by 2025. In 2022, UK online sales saw their highest annual growth since 2007, rising 36%. Therefore, the growth of e-commerce platforms and the rise of the food service sector in Europe will assist in the growth of the regional market.
Free Valuable Insights: The Global Paper Coating Materials Market will Hit 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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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