Rising Demand and Technological Advancements: A Deep Dive into the Copper Plate Paper Market

Rising Demand and Technological Advancements: A Deep Dive into the Copper Plate Paper Market

Copper plate paper is a thin, smooth uncoated paper that is used for high quality commercial printing applications. It is widely used for marketing collaterals like brochures, catalogs, stationery printing, annual reports and direct mail advertisements. The paper has a polished smooth texture and is capable of receiving high resolution print. It provides bright, vibrant colors and sharp images.

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 Dynamics:

Increasing demand from packaging industry: One of the major drivers propelling the growth of the copper plate paper market is the increasing demand from the packaging industry. Copper plate paper is extensively used in packaging applications such as cartons, boxes, wrappers, labels and tags due to its bright colors and high print resolution. According to Fibre Box Association, carton and folding box industry accounted for over US$ 35 billion in 2018. Growing e-commerce industry is expected to boost the packaging demand over the forecast period.

Rising graphic arts industry: Another key factor augmenting the market growth is the increasing demand for copper plate paper from graphic arts and printing industry. It is widely preferred substrate for printing high quality promotional materials, brochures, catalogs and stationery. With growing advertising and promotional activities across various end-use industries, the demand for copper plate printing is projected to rise significantly during the forecast period.

SWOT Analysis
Strength: Copper plate paper has high strength and durability making it suitable for wide range of applications. It can withstand heavyweights and resists tearing easily. Its smooth and lustrous surface provides superior print quality.
Weakness: The manufacturing process of copper plate paper is capital intensive requiring extensive machinery. Raw material procurement of wood pulp and chemical components also makes it a costly paper variety. Volatility in raw material prices can negatively impact production costs.
Opportunity: Demand from packaging industry is growing for copper plate paper owing to its strength properties suitable for heavy packaging. Effective branding and product information printing for premium packaging applications offers opportunities. Rising e-commerce industry will boost shipping packaging requirements offering scope.
Threats: Availability of alternative paper types like art paper and cast-coated paper poses competition. Environmental regulations over usage of wood and pollution from paper manufacturing pose compliance challenges. Digitalization trend reduces demand for printing and paper products.

Key Takeaways
The global copper plate paper market is expected to witness high growth. Rapid industrialization and expansion of manufacturing sector boosts packaging 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% over the forecast period 2023-2030.

Asia Pacific dominates the market led by China, Japan and India on back of largest paper production and consumption. Asia Pacific accounts for over 45% share of global copper plate paper market led by China, Japan and India. Low production costs and abundant wood fiber availability drives paper manufacturing. Growing manufacturing and food processing industries boost copper plate paper demand for premium packaging.

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.