The North America Paper Coating Materials Market would witness market growth of 4.2% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 778.4 kilo tonnes, showcasing a growth of 1.3% (2019-2022).
Single-side coating represents a significant segment within the Paper Coating Materials Market, offering diverse advantages and applications across various industries. In single-side coating, the coating material is applied to only one side of the paper substrate, leaving the opposite side uncoated. Therefore, the Canada market utilized 58.5 kilo tonnes of Single-side coating Materials in 2022.
The US market dominated the North America Paper Coating Materials Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $512.9 million by 2030. The Canada market is experiencing a CAGR of 6.6% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 5.6% during (2023 - 2030).
Technological advancements, environmental concerns, and shifting consumer preferences have contributed to substantial changes in the market in recent years. The paper industry is critical in satisfying the increasing demand for environmentally friendly, visually pleasing, and superior-quality paper products. In addition, the adoption of paper coating materials has witnessed a steady increase, fueled by the growing emphasis on enhancing the overall aesthetics, functionality, and durability of paper-based products. Industries such as packaging, printing, and labeling have been key contributors to the rising demand for coated papers. Manufacturers across these sectors recognize the importance of using advanced coating materials to impart desirable properties to their products, ranging from improved printability and gloss to water and grease resistance.
Moreover, the growth of the food industry has spurred a parallel expansion in the utilization of paper coating materials. For instance, as per the data from the State Council of the Government of China, the food industry experienced consistent growth in production and sales during the first half of the year 2022. The retail sales of grain, oil, and food reached 903.18 billion yuan, reflecting a year-on-year increase of 9.9%. Likewise, according to the United States Department of Agriculture data, UAE is the second largest food service sector within the Arab Gulf Cooperation Council (GCC) region after Saudi Arabia. In 2021, the value of the UAE hotel, restaurant, and institutional sector totaled $12.3 billion, almost a 17 percent increase from 2020.
Moreover, as per the data from Statistics Canada, between February 2020 and July 2022, retail e-commerce sales surged by 67.9%, and from 2019 to 2022 (July year-to-date), e-commerce sales as a share of total retail sales increased noticeably. Retail e-commerce sales remained high in some industry subsectors in 2022. Still, in others, the return of in-store operations has caused consumers and businesses to move closer to pre-pandemic purchasing habits. Thus, the expansion of the growing packaging sectors and e-commerce platforms in North America will boost the demand for paper coating materials in the region.
Free Valuable Insights: The 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 U.S., Mexico, Canada, and Rest of North America.
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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