Copper plate paper is a type of coated paper used in commercial printing due to its superior image clarity and resolution. It provides a glossy, bright finish with excellent printability for branding, marketing collateral and signage applications. 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 rising demand from the printing industry is driving the growth of the copper plate paper market. Copper plate paper is widely used in commercial printing applications such as brochures, catalogs,annual reports, corporate collateral and signage owing to its high quality printing output. With growth in the commercial printing industry across regions, especially in Asia Pacific, driven by increasing marketing and branding activities of various companies, the demand for copper plate paper is expected to rise significantly over the forecast period. Furthermore, technological advancements in coating technologies have improved properties such as adhesion strength, surface smoothness and printing resolution of copper plate paper, thus boosting its adoption among print shop owners and publishers.
SWOT Analysis
- Strength: Copper plate paper has excellent printability and can withstand high-speed printing presses. It provides vibrant colors and sharp details in printed materials.
- Weakness: The cost of copper plate paper is higher as compared to normal offset paper due to the additional layer of copper coating.
- Opportunity: Growing packaging industry worldwide and rising demand for premium quality printed packaging offers opportunities for copper plate paper market. Increasing promotional and marketing activities by various end-use industries also boost the market.
- Threats: Availability of substitute materials like digital or inkjet printing poses a threat to copper plate paper market. Strict environmental regulations regarding paper production can also negatively impact the market.
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: Asia Pacific dominates the global copper plate paper market and is expected to maintain its leading position over the next few years. Countries like China, Japan, and India have a booming packaging industry which drives the demand for copper plate paper in the region.
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, and Lecta Group. These players focus on expanding their production capacities and geographical presence to strengthen their market share.
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