[FURL=https://www.industryarc.com/Report/6357/Light-Weight-Coated-Papers-Market-Research-Report.html?utm_source=BriefingWire&utm_medium=PressRelease&utm_campaign=PaidPressRelease]Click Here[/FURL] Lightweight coated papers market size is forecast to reach $6.2 billion by 2026, after growing at a CAGR of 3.11% during 2021-2026. The demand for this market is rising due to the increasing usage of light weight coated papers such as gloss lightweight coated paper, dull-coated paper, and cast-coated paper in various applications such as magazines, brochure, catalogues, and more. Light Weight Coated Papers are mechanical papers coated with clay or similar substance and are used for printing. The rapid growth of the magazine and books industry has increased the demand for lightweight coated papers; thereby, fueling market growth. Furthermore, the flourishing packaging industry is also expected to drive the lightweight coated papers industry substantially during the forecast period.COVID-19 Impact
The COVID-19 pandemic is affecting the operations of various industries including packaging and magazines, as most of the countries have issued “stay at home guidance” i.e., lockdown. As light weight coated papers are extensively used in these industries, the declining operation of these industries is directly limiting the light weight coated papers market growth during the pandemic. Thus, with the decrease in packaging and magazine production, the demand for light weight coated papers such as gloss light weight coated paper, dull-coated paper, and cast-coated paper has significantly fallen, which is having a major impact on the light weight coated papers market during the pandemic.
Key Takeaways
Asia-Pacific dominates the light weight coated papers market, owing to the increasing demand of commercial printing in the region. The rising population and increasing urbanization in APAC is the major factor driving the demand for commercial printing.
Coated paper products are extensively processed along with plastics, latex, clay, and other materials to augment longevity and aesthetic appearance, and improve recyclability, which is projected to increase market growth.
Due to the Covid-19 pandemic, most of the countries have gone under lockdown, due to which the demand for magazines and catalogues have decreased, which is hampering the light weight coated papers market growth.
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Light Weight Coated Papers Market Drivers
Increasing Demand for Light Weight Coated Papers
Light weight coated papers such as gloss light weight coated paper, dull-coated paper, cast-coated paper are extensively used in the production of magazines, catalogues, direct mails, flyers and many more.
Light weight coated papers market are Svenska Cellulosa Aktiebolaget SCA, UPM -Kymmene Oyj, Stora Enso, Norske Skogindustrier ASA, Nippon Paper, Resolute Forest Products, Evergreen Packaging, Burgo Group, Cheng Loong Corp., AEC GROUP, and Sumpap India.
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