Paper Pigments Market revenue to reach USD 30 Billion by 2033, says Research Nester
Key paper pigment market players include KaMin LLC/ CADAM SA, Kemira Oyj, The Chemours Company LLC, Imerys S.A., BASF, Minerals Technologies Inc., Ashapura Group, J.M. HUBER Group, Thiele Kaolin Company, and Omya AG.
New York, Aug. 03, 2023 (GLOBE NEWSWIRE) — The global paper pigments market size is projected to expand at ~5% CAGR between 2023 and 2033. The market is expected to garner a revenue of USD 30 billion by the end of 2033, up from a revenue of ~USD 17 billion in the year 2022.The market growth is due to the increased consumption of paper and paper products. It was recently estimated that paper consumption in 2020 totaled 400 million tons. This number is expected to increase further over the next decade and reach a consumption value of around 470 million tons by 2031. The increasing use of paper in various industries, including packaging.
Request Free Sample Copy of this Report @ in Asia Pacific region is estimated to garner the largest revenue by the end of 2035. The growth of the market is mainly due to the high paper consumption in the region. China is the largest producing country, producing 120 million tons of paper in 2020. Also, the high consumption of paper units in the region is another factor driving the market growth. According to 2018 estimates, around 460 billion paper and cardboard packaging units are used in the Asia-Pacific region. It is estimated that the increasing number of educational institutions and growing industries in the region will fuel the growth of the market.
The growing number of hospitals and healthcare centers are also expected to fuel the growth of the market in the coming years. In addition, the growing paper packaging industry in the region is also expected to boost market growth.
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Growing Demand for sustainable and eco-friendly products to Propel Growth in the North America Region
The North American paper pigments market is estimated to garner the highest CAGR by the end of 2035. The demand for sustainable paper products is rising, driven by increasing environmental concerns and regulations. In North America, the demand for eco-friendly paper pigments has been fueled by consumer preferences for recycled and recyclable paper products. The demand for recycled paper products in North America has also been on the rise. In 2019, the recycled paper packaging market in the United States was valued at approximately USD 3.4 billion. The expansion of the e-commerce sector has led to increased demand for packaging materials, including paper-based packaging. North America is witnessing significant growth in the e-commerce industry, contributing to the demand for paper pigments used in packaging applications. Advancements in papermaking technologies have led to the development of high-quality papers with improved printability, brightness, and color reproduction. These advancements have increased the demand for specialized paper pigments that offer enhanced optical properties.
Paper Pigments, Segmentation by Application
- Coated Paper
- Uncoated Paper
Amongst these two segments, the uncoated paper segment in paper pigments market is anticipated to hold the largest share over the forecast period. The expansion of the e-commerce sector has led to an increased demand for packaging materials, including uncoated papers for corrugated boxes, cartons, and other packaging applications. The rise of e-commerce in the United States resulted in a 17% increase in corrugated box shipments in 2021. The advancements in digital printing technologies have facilitated cost-effective short-run and on-demand printing, driving the demand for uncoated papers in the commercial printing sector. The uncoated paper segment finds significant usage in educational materials, notebooks, office stationery, and other writing applications. Governments and regulatory bodies have implemented regulations promoting sustainable packaging practices, which include the use of recyclable and biodegradable materials. These regulations have driven the adoption of uncoated papers in various packaging applications.
The demand for sustainable paper products has been rising, driven by environmental concerns and the shift towards eco-friendly materials. The uncoated paper segment is favored for its recyclability and biodegradability, meeting the growing demand for sustainable packaging and printing materials.
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Paper Pigments, Segmentation by End User Industry
- Print Media
- Stationary
- Packaging
- Personal Care
- Others
Amongst these segments, the packaging segment in paper pigments market is anticipated to hold a significant share over the forecast period. Stringent regulations regarding product safety, labeling, and sustainability have influenced packaging practices. Regulations related to food safety, such as the Food Safety Modernization Act (FSMA) in the United States, have contributed to the adoption of advanced packaging materials and technologies. Advancements in packaging technologies, such as smart packaging and active packaging, have fueled market growth. The food and beverage sector is a major contributor to the packaging industry, driving the demand for packaging materials.
Consumer preferences for environmentally friendly products have led to an increased demand for sustainable packaging solutions. The e-commerce market is experiencing significant growth, driving the demand for packaging materials. E-commerce sales reached USD 4.28 trillion in the year 2020.
Paper Pigments, Segmentation by Type
- Calcium Carbonate
- Titanium Dioxide
- Others
Few of the well-known market leaders in the paper pigments market that are profiled by Research Nester are KaMin LLC/ CADAM SA, Kemira Oyj, The Chemours Company LLC, Imerys S.A., BASF, Minerals Technologies Inc., Ashapura Group, J.M. HUBER Group, Thiele Kaolin Company, Omya AG, and other key market players.
Recent Development in the Market
- Kemira Oyj and Veolia Wasser Germany have entered into a joint cooperation. This coalition is expected to conduct a comprehensive technology assessment of the new ViviMag phosphorus recovery technology.
- Omya AG has entered into an R&D partnership with IFG. This collaboration will study the incorporation of calcium carbonate into the fibres.
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