GLOBAL PRINTING PAPER MARKET ANALYSIS (2024 - 2030)

The global printing paper market, previously valued at USD 57.12 Billion, is anticipated to witness significant growth, reaching a projected market size of USD 102.43 Billion by the conclusion of 2030. Projections indicate a compound annual growth rate (CAGR) of 8.7% over the forecast period spanning 2024 to 2030.

INDUSTRY OVERVIEW:

Within the international paper sector, rapid transitions are occurring, playing a pivotal role in the global packaging industry. Besides its use in corrugated boxes, paperboards, and envelopes, paper serves as the primary material for printing paper production. Expected expansions in the packaging, printing, and e-commerce industries are anticipated to drive the growth of the printing paper market. Billing processes heavily rely on printing paper, as manufacturers routinely provide copies of invoices with their merchandise, likely contributing to the industry's growth. With advancing technology, printing paper manufacturers must innovate to deliver enhanced value propositions to their clientele.

Printing paper finds extensive applications in offset printing and laser imaging. Market growth is expected to benefit from increased business activity levels and the proliferation of transactional and corporate communication documents. In emerging markets, urban population growth, rising disposable incomes, and advancements in print technology are poised to propel the printing paper market. Growing consumer preferences for sustainable paper products have stimulated the international printing paper market's growth in recent years, reflecting heightened global environmental concerns. Anticipated surges in demand for digitally printed folding cartons and paper products present significant opportunities for the global printing paper market in the near future.

IMPACT OF COVID-19 ON THE PRINTING PAPER MARKET:

The COVID-19 pandemic, caused by the novel coronavirus, has swiftly escalated into a global crisis since its emergence in Wuhan, China, in December 2019. This pandemic has exerted immense pressure on healthcare systems worldwide, prompting intensified research and development efforts to combat the virus through vaccines and treatments.

The global pandemic has profoundly affected numerous industries, including the paper sector. Governments worldwide imposed partial or complete lockdowns in response to the rapid spread of COVID-19, leading to the closure of malls, shopping centers, and other businesses. While the trend of instant billing in retail establishments initially drove growth in the printing paper market, the pandemic introduced challenges. Increased awareness regarding reducing paper usage for billing purposes and the shift towards online transactions to maintain social distancing measures have hindered the printing paper market's growth.

MARKET DRIVERS:

The increasing demand within the e-commerce sector is a key driver of market growth.

The printing paper market is witnessing traction due to its expanding role in e-commerce activities, including storage, transportation, and packaging. The growing prevalence of online shopping, both in emerging economies and developed nations, is expected to fuel the global printing paper market's expansion.

MARKET RESTRAINTS:

Carbon emissions associated with paper production pose a significant constraint on market growth.

The emission of carbon during paper manufacturing processes represents a major drawback for writing, printing, and specialty papers, impeding market growth rates. Additionally, the onset of the digital age is expected to be another substantial restraining factor for the printing paper market's growth in the coming years. Moreover, the printing paper market is highly fragmented, further restraining its growth potential during the forecast period.

Global Printing Paper Market - Categorized by Type:

• Coated
• Uncoated

In terms of paper type, the coated segment is poised to maintain the leading market share, projected to reach 9% by 2028. Coated papers feature a sealing layer, typically clay-based, which reduces ink absorption, resulting in sharp, well-defined printing. This attribute significantly propels the growth of the coated paper segment in the global market between 2024 and 2028.

Global Printing Paper Market - Segmented by Distribution Channel:

• Hypermarket
• Retail Stores
• Convenience
• E-Commerce

The E-Commerce segment is forecasted to exhibit rapid growth, with a CAGR of 7.7% throughout the forecast period. The surge in e-commerce, both in developed and developing economies, is primarily driven by the vast product offerings available on a single platform at competitive prices. The applications of coated paper, such as packaging and printing materials for product shipments, significantly contribute to the growth of this segment in the global market during the forecast period.

Global Printing Paper Market - Region-wise Distribution:

• North America
• Europe
• Asia-Pacific
• Latin America
• The Middle East
• Africa

Geographically, Asia Pacific emerges as the dominant region in the global Printing Paper market from 2024 to 2028. By 2028, Asia Pacific is expected to command the largest market share of 8.6%. The region's market supremacy is attributed to significant investments by global players and the burgeoning demand for paperwork, documentation, and related hard copy materials due to the growth of key industries. These factors collectively fuel the expansion of the Asia Pacific region in the global Printing Paper market during the forecast period.

Global Printing Paper Market Share by Company:

1. DS Smith Packaging Limited
2. Oji Holdings Corporation
3. Pratt Industries, Inc
4. Great Little Box Company Ltd.
5. WestRock Company
6. Smurfit Kappa Group Plc
7. KapStone Paper and Packaging Corp
8. Stora Enso Oyj
9. Sonoco Products Company
10. Mondi Group plc
11. VPK Packaging Group NV
12. Mayr-MelnhofKarton AG
13. Clearwater Paper Corporation

For instance, LINTEC Corporation has expanded its paper offerings, marketed under the Lavista brand, both domestically and internationally.

Market players focus on various strategies, including partnerships, joint ventures, product innovation, research & development, and geographical expansion, to enhance their market positions. The market is anticipated to witness growth post-pandemic, driven by increased demand and intense competition among market players striving to augment their revenues through product enhancements. Collaborative efforts and promotional activities are expected to propel market growth during the forecast period.

Recent Developments in the Global Printing Paper Market:

• Acquisition - In March 2021, Georgia-Pacific LLC finalized the acquisition of A. Schulman, Inc., a global provider of high-performance paper products.