Insights into Regional Dynamics of the Copper Plate Paper Market

Insights into Regional Dynamics of the Copper Plate Paper Market

Copper plate paper is a high quality offset printing paper that has a smooth and velvety texture for high resolution printing. It provides exceptional ink holdout and optimized ink absorption for superior color reproduction and vibrant images. Copper plate paper is preferred for printing packaging labels, books, brochures, catalogs, posters and other commercial print 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 Opportunity:

The wide range of applications of copper plate paper represents a major market opportunity. Copper plate paper is used in printing diverse products such as packaging labels, brochures, catalogs, posters and books. The growth in publishing industry along with increasing demand for high quality packaging from food & beverage and pharmaceutical industries will drive the demand for copper plate paper. Manufacturers are focusing on developing copper plate paper grades suitable for specific end-use applications such as food packaging and pharmaceutical labels. This wide range of applications presents significant growth potential for copper plate paper market over the forecast period.

Porter's Analysis

Threat of new entrants: Low capital requirement and established supply chain pose low threat of new entrants. However, presence of large players makes market entry challenging.

Bargaining power of buyers: Buyers have high bargaining power due to availability of substitutes and undifferentiated products. Buyers can negotiate on price and demand value-added services.

Bargaining power of suppliers: Suppliers have moderate bargaining power due to lack of supplier concentration and easy availability of raw materials.

Threat of new substitutes: Digital media, e-papers and plastic pose threat of substitution.

Competitive rivalry: Intense due to large number of competitors globally. Price competition is high.

SWOT Analysis

Strength: Wide application in printing, packaging and labels. Properties such as opacity, high strength and printability.

Weakness: Fluctuating raw material prices and stringent environmental regulations increase production costs. Substitution threat from digital and plastic products.

Opportunity: Growth in e-commerce and shift towards sustainable packaging boost demand. Advancements in coating and lamination technologies offer opportunities.

Threats: Economic slowdowns lower demand from end-use industries. Stagnant print media industry limits growth.

Key Takeaways

The global copper plate paper market is expected to witness high growth during the forecast period of 2023 to 2030. The market size for 2024 is estimated to be US$ 910 Mn with a projected CAGR of 6.0% during the forecast period.

Regional analysis: Asia Pacific dominates the global market with over 35% share owing to robust growth in printing and packaging industries in countries such as China and India. Rapid urbanization and industrialization in the region drive higher product demand. North America holds second largest share and is expected to grow at a moderate CAGR during the forecast period.

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, Lecta Group, Catalyst Paper Corporation.