Paper Pigments Market Size was valued at USD 30.2 Billion in 2022. The Paper Pigments Market industry is projected to grow from USD 31.9365 Billion in 2023 to USD 49.94 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 45.80%
The paper pigments market is influenced by various factors that collectively shape its dynamics. One of the primary drivers is the growing demand for high-quality paper across industries such as packaging, printing, and publishing. Paper pigments, including both organic and inorganic options, are essential components in the papermaking process, contributing to the visual appeal, printability, and overall quality of the end product. The rise in e-commerce, packaging innovation, and increased printing activities drive the demand for paper pigments, impacting the overall market.
Technological advancements and innovations in paper pigment formulations play a pivotal role in market growth. Continuous research and development efforts focus on improving the color strength, lightfastness, and environmental sustainability of paper pigments. Innovations in eco-friendly pigment options and nanotechnology applications contribute to the development of high-performance paper pigments that meet the evolving needs of the paper industry. Manufacturers strive to offer solutions that enhance the print quality and durability of paper products.
The global economic landscape significantly influences the paper pigments market. Economic growth often leads to increased demand for packaging materials, printed materials, and other paper products, driving the need for high-quality pigments. Conversely, economic downturns may impact certain industries, affecting the demand for paper pigments. The market's sensitivity to economic fluctuations underscores the importance of monitoring global economic trends for stakeholders in the paper pigments industry.
Regulatory considerations and standards also play a crucial role in shaping the paper pigments market. Due to their application in paper products intended for various uses, paper pigments may be subject to regulations concerning product safety, environmental impact, and compliance with industry standards. Meeting these regulatory requirements is essential for paper pigment manufacturers to ensure market acceptance and meet the expectations of consumers and regulatory authorities.
Raw material availability and pricing are critical considerations in the paper pigments market. The primary raw materials for paper pigments include both organic and inorganic compounds. Fluctuations in the prices and availability of these raw materials can impact the overall production cost of paper pigments. Manufacturers closely monitor raw material markets to adjust their strategies and maintain cost-effectiveness in the competitive market.
Geographical factors also play a role in shaping the paper pigments market. Different regions may have varying levels of industrialization, printing activities, and paper consumption patterns, influencing the demand for paper pigments. Regions with a strong presence in the packaging and printing industries may experience higher demand for paper pigments products.
Environmental considerations are increasingly influencing the paper pigments market. As sustainability becomes a global priority, there is a growing focus on developing eco-friendly pigment options and sustainable manufacturing processes for paper pigments. Manufacturers are exploring ways to enhance the environmental profile of paper pigments, including the use of recycled materials, responsible sourcing, and reducing the environmental impact of production.
Report Attribute/Metric | Details |
---|---|
Market Size Value In 2022 | USD 30.2 Billion |
Market Size Value In 2023 | USD 31.9365 Billion |
Growth Rate | 5.75 % (2023-2032) |
Paper Pigments Market Size was valued at USD 31.94 Billion in 2023. The Paper Pigments industry is projected to grow from USD 33.77 Billion in 2024 to USD 49.94 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.01% during the forecast period (2024 - 2032). The growing demand for paper in the packaging industry and the widespread use of paper pigment are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Market CAGR for paper pigment is being driven by the high demand for paper and extensive usage of paper pigment in the packaging industry is anticipated to drive the paper pigments market during the forecast period. Due to the rapid urbanization and industrialization demand for packaging is high. Therefore the paper pigment demand is increasing in packaging industry. Thus high-quality coated paper goods are used in packaging, which is anticipated to drive the market growth in the coming years.
Moreover, the government's restrictions on the use of plastic increased the use of paper for packing goods and products. Paper is an environmental friendly product that can be readily disposed of because it does not harm the environment after combustion, which is one of the major factor propelling the market growth during the forecast period. For instance, in February 2021, according to National Conference of State Legislature, reduced bag use can help to protect the oceans, rivers, lakes, forests, and creatures that live in them. It may help alleviate the strain on landfills and trash management. In addition High demand of paper ibn developing countries expected to boost the market growth. Increasing literacy, GDP, and literacy in developing countries result in quicker rise in paper and paperboard consumption than in developed countries. The manufacturing situation is more complicated.
The recent industrialization is increasing the paper uage in a variety of businesses. Because of its benefits such as improved colour look and insolubility. As a result, the huge production of paper for various applications is expected to increase the size of the paper pigment market throughout the forecast period. It was predicted in 2022 that the world would manufacture around 300 million tonnes of paper per year, due to increasing number of educational institutions, real estate transactions, and medical sectors. Thus, driving the weight loss products market revenue.
The paper pigments market segmentation, based on type includes calcium carbonate and kaolin. The calcium carbonate segment dominated the market, accounting for 41% of market revenue (78.48 Billion). The use of calcium carbonate in neutral or alkaline papermaking produces a more durable sheet than acid papermaking. It improves ink setting in pigmented paper.
The paper pigments market segmentation, based on application, includes coated, satin-coated, gloss-coated, dull-coated, uncoated, woven or smooth uncoated paper, and laid uncoated paper. The uncoated category generated the most income (59%). In the uncoated paper, paper pigments are used as a fillers. Fillers are important in putting papers because they boost opacity and brightness while improving printing quality. Uncoated paper is ideal for real estate brochures, restaurant menus, forms and spreadsheets, business stationary, and books that require a traditional or elegant appearance. Thus, driving the market growth during the forecast period.
Figure 1: Paper Pigments Market, by Application, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American paper pigments market area will dominate this market, owing to high demand for paper products such as coated and uncoated papers. In addition, fast economic growth has raised demand for paper products, which is anticipated to drive the market growth.
Further, the major countries studied in the market report are The US, Canada, German, France, the
UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: PAPER PIGMENTS MARKET SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Asia-Pacific paper pigment market accounts for the second-largest market share due to the increased demand from countries such as China and India. Paper pigments are also employed in the production of coated paper to improve the properties of the paper, such as matte or gloss. They give a smooth finish, reduce ink absorption, and boost paper longevity. In the packaging sector, coated paper is commonly utilised. The market is likely to be driven by rising demand from the e-commerce and food delivery industries. Moreover, China paper pigments market held the largest market share, and the Indian paper pigments market was the fastest growing market in the Asia-Pacific region.
The Europe paper pigment Market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to increasing demand for high-quality coated paper products and a expanding packaging industry. Moreover, German paper pigment market held the largest market share, and the UK paper pigment market was the fastest growing market in the Europe region.
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the paper pigments market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, paper pigments industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the paper pigments industry to benefit clients and increase the market sector. In recent years, the paper pigments industry has offered some of the most significant advantages to medicine. Major players in the paper pigments market, including Omya AG, Kemira Oyj, The Chemours Company, Imerys, Minerals Technologies, BASF SE, Ashapura Group, M. Huber Corporation, Theile Kaolin Company, KaMin LLC. / CADAM and others, are attempting to increase market demand by investing in research and development operations.
Omya AG’s origins may be traced back to 1884, when Gottfried Plüss-Staufer founded the company in Oftringen, Switzerland. Initially, the enterprise was concerned in the manufacture of glaziers putty by blending fine chalk and linseed oil. Omya AG is in the forefront of technological innovation to satisfy client needs, from low-cost to high-performance Calcium Carbonates for filling and coating in paper. They are providing various types of papers such as graphic paper, speciality papers, and Tissue. Omya AG provides new mineral solutions to the worldwide paper and board sector. The company seek to be a dependable, long-term strategic partner for our customers, assisting them in transforming the industry's most difficult difficulties into opportunities for innovation and growth. In December 2019, Omya, a prominent supplier of industrial paper and a distributor of speciality chemicals, has acquired Solar Inks Ltd., a Telford, UK-based manufacturer of renewable barrier coatings for food paper packaging, high-performance adhesives and water-based flexographic inks.
Across 110,000 BASF SE Group employees work to help customers succeed in practically every industry and country across the world. The two-tier system with a transparent and effective separation of company management as well as supervision between BASF SE’s Board of Executive Directors and the Supervisory Board are primary focusing factors of the company. BASF AG working on equal representation of shareholders and employees on the Supervisory Board, and shareholders' rights of co-administration. Supervision at the Annual Shareholders' Meeting are the fundamental elements of BASF SE's corporate governance system. In April 2021, BASF AG and Omya continue their collaboration on the Pilot Coating Centre for Paper. In terms of raw ingredients for the formulation of coating colours used in the paper and board industry, Omya and BASF are the market leaders.
In September 2022, Imerys has entered into exclusive negotiations with Syntagma Capital to sell most of its assets producing kaolin, ground calcium carbonate ("GCC"), precipitated calcium carbonate ("PCC"), and talc, which primarily serve the paper markets, for an enterprise value of €390 million, including an earn out based on future business performance.
In May 2019, Minerals Technologies Inc. announced agreement for installation of a 45,000 metric tonne per year satellite precipitated calcium carbonate (PCC) plant at its paper mill in Lalkuan, District Nainital, India, with Century Pulp & Paper, Division of Century Textiles and Industries Limited. The facility was opened in the second quarter of 2020. PCC is a specialised pigment used in the filling and coating of high-quality paper. Customers may make brighter, higher-quality paper at a lesser cost by replacing Minerals Technologies' PCC for more expensive wood fibre.
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