by 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 Overview:
Copper plate paper is used in high volume printing applications such as newspapers. It provides high resolution and durable printing.
Market key trends:
One of the key trends in the copper plate paper market is increasing demand from packaging industry. There is rising demand for flexible packaging from food and beverage industry. Copper plate paper provides high quality printing required for packaging applications. It ensures proper branding and promotion of products. Its resistance to tears and punctures makes it suitable for packaging. This is expected to drive the demand for copper plate paper in the forecast period.
Market key trends:
One of the key trends in the copper plate paper market is the increasing demand from luxury packaging applications. Copper plate paper is increasingly being used in high-end packaging of liquor, perfumes, cosmetics and other luxury goods due to its premium look and feel. The shiny metallic surface provided by copper coating makes the products packaged with copper plate paper look attractive on shelf. This drives the sales of copper plate paper from luxury packaging market.
SWOT Analysis
Strength: Premium looks and feel provided by copper coating makes copper plate paper an attractive option for luxury packaging.
Weakness: Higher price of copper plate paper compared to normal paper limits its use only for high-end applications.
Opportunity: Growing luxury goods market especially in developing economies offers significant growth opportunities.
Threats: Availability of alternative packaging materials like plastic and aluminum foil can replace copper plate paper.
Key Takeaways
The global copper plate paper market is expected to witness high growth, exhibiting CAGR of 6.0% over the forecast period, due to increasing use in luxury packaging applications.
The Asia Pacific region dominates the global copper plate paper market and is expected to continue its dominance during the forecast period. This is attributed to presence of key luxury goods manufacturing countries like China, Japan and India in the region driving the demand for copper plate paper.
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
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
