Copper plate paper is a thick paper with a high gsm range that adds a textured finish and sheen to printing. It is durable with high tensile strength and finds applications in packaging, art, and printing. The superior properties make copper plate paper suitable for point-of-purchase displays, greeting cards, brochures, menus, flyers, and packaging boxes.
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% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Rising demand from the packaging industry is driving the copper plate paper market. Copper plate paper is highly preferred for packaging applications due to its premium finish and durability. It enhances the visual appeal of packaging while also extending shelf life. Growing e-commerce has boosted the packaging industry in recent years. Moreover, manufacturers are using copper plate paper for food packaging, pharmaceutical packaging, cosmetic boxes, and other luxury packaging. The superior moisture and grease resistance of copper plate paper makes it suitable for various packaging applications. The trend of premium and sustainable packaging is increasing the consumption of copper plate paper in the packaging industry.
SWOT Analysis
- Strength: Copper plate paper has high mechanical strength and superior print quality which makes it suitable for packaging applications. It provides protection and can endure bumps and impacts during transportation.
- Weakness: Copper plate paper requires advanced manufacturing processes which increases production costs. Fluctuations in raw material prices can negatively impact profit margins.
- Opportunity: Increasing e-commerce sales and demand for sustainable packaging offers opportunities for copper plate paper manufacturers. It provides an eco-friendly substitute for plastic packaging.
- Threats: Digitalization and rise of paperless communication poses a threat to demand. Strict environmental regulations around processing heavyweight paper grades can limit production.
Key Takeaways
The global copper plate paper market is expected to witness high growth. 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% over the forecast period 2023-2030.
The Asia Pacific region currently dominates the market aided by high paper production and consumption in China, Japan, and India. Growing industrialization and shift towards high quality packaging drives the APAC market.
Key players operating in the copper plate paper 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. Market consolidation activities by big players look to further strengthen their market position.
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