by Copper Plate Paper Market is Estimated to Witness High Growth Owing to Rising Demand from Luxury Packaging Industry
Copper plate paper, also known as coated printing paper, is a type of uncoated paper that contains a thin layer of copper pigment coating on one or both sides, which provides it with excellent printability and surface properties. It is widely used in applications that require high quality printing such as books, magazines, business reports, manuals, brochures, and catalogs. The copper pigment enhances print resolution and depth while giving a luxurious look and feel to the final printed product. The need for high quality print media from publishers and marketing companies has been a key driver for the copper plate paper market.
The Global Copper Plate Paper Market is estimated to be valued at US$ 910 Mn in 2024 and is expected to exhibit a CAGR of 6.0% over the forecast period 2023 to 2030.
Key Takeaways
Key players: Key players operating in the Copper Plate Paper market are International Paper Company, Domtar Corporation, Nippon Paper Industries Co., Ltd., UPM-Kymmene Corporation, Sappi Limited, Mondi Group, Stora Enso Oyj, Smurfit Kappa Group, Metsä Board Corporation, WestRock Company, Oji Holdings Corporation, Verso Corporation, Burgo Group, Lecta Group, Catalyst Paper Corporation.
Growing demand: The growing demand for high quality prints from publishing and advertising industries is expected to drive the demand for copper plate paper over the forecast period.
Global expansion: Leading copper plate paper producers are expanding their production capacity and global footprint to leverage the growth opportunities in emerging markets.
Market key trends
One of the key trends gaining traction in the copper plate paper market is the increasing focus on sustainability. Paper manufacturers are investing in sustainable forestry practices and procurement of recycled fibers to reduce environmental impact. A shift towards biodegradable coatings and additives is also being witnessed. The development of novel eco-friendly coating technologies will help lower carbon footprint and boost the adoption of copper plate paper in the long run. Stringent regulations regarding deforestation and water usage in paper production are further propelling the industry to move towards greener manufacturing.
Porter’s Analysis
Threat of new entrants: Low capital requirement and existing customers of other paper products lower the threat of new entrants in this market.
Bargaining power of buyers: Large buyers have significant bargaining power due to the concentrated nature and established supply chains in this market.
Bargaining power of suppliers: A few major suppliers have bargaining power over prices due to their large market shares and capabilities.
Threat of new substitutes: Substitutes like plastic and aluminum pose minimal threat currently due to regulations and customer preferences for paper.
Competitive rivalry: Intense competition exists among key global players to grow market shares through product innovation and expansion into emerging regions.
Geographical Regions
North America accounts for the largest share of the global copper plate market currently, valued at over US$ 300 Mn in 2024 due to high demand from established packaging and printing end uses.
Asia Pacific region is expected to witness the fastest growth during the forecast period with a CAGR of around 8%, driven by rapidly growing e-commerce and manufacturing activities in emerging economies like China and India. The expanding middle class is increasing consumption of packaged goods and publications supporting the copper plate market growth.
*Note:
1.Source: Coherent Market Insights, Public sources, Desk research
2.We have leveraged AI tools to mine information and compile it
