Global coated paper market to reach USD 35.67 billion by 2028: Market Report
The global coated paper market is projected to grow from USD 28.12 billion in 2020 to USD 35.67 billion by 2028, at a CAGR of 3.4% during the forecast period 2021-2028, according to market research report.
Key factors driving growth of coated paper market are increasing online sales, which require packaging, increasing flexible paper packaging demand, the rising popularity of high caliber print images, and expanding packaging & advertising activities across industries.
Furthermore, the shift towards sustainable solutions and eco-friendly material has resulted in the production of biodegradable material serving as the catalyst of industry growth. There are several advantages of coated papers over uncoated papers such as they have better ink holdout and are dust resistant as well. This makes them perfect for various finishing methods, like spot varnish. End-uses of coated papers also include printing invitations, decorations, etc., which provide potential opportunities to firms.