Growing in Printing to fuel the Copper Plate Paper Market
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Copper Plate Paper Market |
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
Read more
https://www.dailyprbulletin.com/copper-plate-paper-market-size-share-growth-outlook-2023/
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