Copper Plate Paper Market Growth Accelerated by Increasing Demand from Packaging Industry

 

Copper plate paper is used in printing and packaging applications owing to its properties such as excellent printability and embossing. The paper provides high-quality prints with accurate details and vivid colors. Growing demand for sustainable and eco-friendly packaging from food & beverage and consumer goods industries is augmenting the copper plate paper market. The global 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 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

The increasing demand from the packaging industry is one of the key trends driving growth of the copper plate paper market. Copper plate paper offers properties such as moisture resistance and dimensional stability which makes it suitable for packaging applications. It provides strong and durable packaging for products from various industries. Moreover, copper plate paper can be recycled multiple times without compromising on quality. This has increased its popularity in the packaging sector. Advancements in printing technologies are enabling higher print quality and new design capabilities using copper plate paper. Manufacturers are focusing on developing copper plate papers with enhanced printability to further increase their usage in the packaging industry.

Segment Analysis

The global copper plate paper market is dominated by the commercial printing sub-segment. Commercial printing accounts for nearly 60% of the overall market share as copper plate paper has been a preferred choice for high quality printing in newspapers and magazines. It allows for immaculate detail and reproduction of photos. Though commercial offset lithography is transitioning towards digital printing, copper plate printing still holds its ground for mass circulation publications requiring consistent high resolution prints over thousands of copies.

Key Takeaways

The global copper plate paper market is expected to witness high growth. The market size is projected to reach US$ 910 Mn by 2024, expanding at a CAGR of around 6.0% during the forecast period.

Regional analysis: The Asia Pacific region holds nearly 40% share of the global copper plate paper market and is expected to witness the fastest growth during the forecast period. This can be attributed to the presence of developing economies like China and India with thriving print media industries and a population increasingly exposed to print advertisements and publications. The region is also a key manufacturing hub for copper plates globally.

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, and Catalyst Paper Corporation.

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