by The Copper Plate Paper Market is estimated to be valued at US$ 910 Mn in 2023 and is expected to exhibit a CAGR of 6.0% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Copper plate paper is known for superior printing quality and shine. It is widely used for high-end printing applications such as brochures, catalogs, and magazines. The paper has excellent smoothness, opacity and ink absorption properties. It is resistant to dents and dings during storage and transportation. Due to its premium feel and look, copper plate paper enhances the visual appeal of printed materials.
Market Dynamics:
Rising demand from publishing and printing industry is a key driver for copper plate paper market. Increasing number of magazines, catalogues, brochures and annual reports being published globally has fueled the consumption of copper plate paper. Further, growing preference for premium and high-quality printing among businesses to enhance their brand image is also propelling the market growth. Another factor augmenting the demand is rising disposable incomes in developing economies leading to more spending on marketing and advertisements. Moreover, steady growth of packaging industry requiring materials made from good print base papers such as copper plate contributes to market expansion. However, shifting consumer preferences towards digital media is a challenge for copper plate paper producers.
Segment Analysis
The copper plate paper market is dominated by the commercial printing segment. Approximately 60% of the total copper plate paper produced is used in commercial printing applications such as magazines, brochures, flyers, catalogs, annual reports etc. Commercial printing requires high quality paper that can provide sharp images and rich details. Copper plate paper being lightweight and having high opacity meets these requirements, making it a preferred choice for commercial printing.
PEST Analysis
Political: There are no significant trade restrictions or tariffs imposed on copper plate paper internationally.
Economic: The global copper plate paper market is expected to grow steadily with rising commercial printing activities backed by economic development.
Social: Digital media is replacing printed materials to some extent. However, demand for high quality print continues from segments like packaging, catalogs etc. ensuring stable growth of the copper plate paper market.
Technological: No major technological changes are expected in the manufacturing process of copper plate paper. However, innovations in commercial printing technologies are enhancing the applications of copper plate paper.
Key Takeaways
The global copper plate paper market size was valued at US$ 910 Mn in 2023 and is expected to witness high growth, exhibiting CAGR of 6.0% over the forecast period of 2023 to 2030 due to growing demand from the commercial printing industry.
The Asia Pacific region dominated the global market in 2023 with a share of around 40% owing to presence of major manufacturing hubs and high commercial printing activities in countries like China, Japan and India. Asia Pacific is expected to remain the fastest growing region during the forecast period.
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, Metsà Board Corporation, WestRock Company, Oji Holdings Corporation, Verso Corporation, Burgo Group, Lecta Group, Catalyst Paper Corporation. These players are focusing on capacity expansion and product innovation to strengthen their position in the market.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
