Market Overview:
Premium Paper Market Size Was Valued at USD 101 Billion in 2022, and is Projected to Reach USD 232.76 Billion by 2030, Growing at a CAGR of 11% From 2023-2030.
For important documents, presentations, and other print projects, premium paper is used. It typically costs more and is thicker than standard printer paper. It is frequently made out of wood mash and has a smooth outside. Silver halide premium paper and inkjet premium paper are the two most common types of premium paper. Silver halide premium paper's chemical coating makes it ideal for photographs and other image printing. To guarantee compatibility with inkjet printers and produce high-quality prints, premium inkjet paper is meticulously prepared. Designer paper, fancy paper, and Premium paper are all other names for premium paper. Special grades of paper known as premium papers are designed specifically for a particular application.
Top Key Players Covered In The Premium Paper Market:
- International Paper Company (US)
- Stora ENSO (Finland)
- Nippon Paper Group Inc (Japan)
- Mondi PLC. (South Africa)
- Sappi Ltd (South Africa)
- Domtar Corporation (US)
- Glatfelter (US)
- Fedrigoni(Italy)
- Munksjo Group (Finland)
- ITC Ltd (India), and Other Major Players.
Market Dynamics and Factors:
Specialty paper characteristics can also be used to wrap or package food products. The food packaging industry's demand for specialty paper would rise as a result. Robust global product demand has resulted from industry-wide demand for various paper shapes, sizes, quantities, and lengths. The rapid growth of environmentally friendly packaging with the goals of minimizing ecological footprints and protecting the environment will have an impact on the market. In addition, the market's revenue growth is anticipated to be driven by the promotion of eco-friendly alternatives to commonly used plastic packaging materials in end-use sectors and increased government efforts to reduce environmental impact. As a result, the Premium Paper Market is primarily driven by the growing demand for packaging paper in the food industry and for environmental protection.
The persistent presentation of new items by makers is quite possibly the greatest pattern in the worldwide bundling industry. To remain competitive in the global packaging market, certain vendors' product innovations will force other vendors to produce novel products. A recyclable container for coffee, drink powders, snacks, candies, spices, and soups is the brand-new AmFiber from Amcor Plc. Ball has announced that it will open a new manufacturing facility in the Peruvian city of Chilca in June 2022 in response to the rising global demand for aluminum cans. The packaging industry is expanding in tandem with the food and beverage and healthcare industries. Additionally, the packaging industry has a significant opportunity in a lot of the food and pharmaceutical manufacturing sectors.
Premium Paper Market Report Highlight:
- By Type, the Packaging Paper segment is anticipated to lead the growth of the Premium Paper market in the forecasted timeframe. Paper packaging can be used to transport, store, and protect a wide range of items at a low cost. Additionally, it is adaptable to meet customer or product-specific requirements.
- By Raw Material, the pulp segment is expected to have the highest share of the Premium Paper market over the projected period. The pulp that goes into the paper-making machine is part of the raw material for Premium paper, after that, premium chemicals are applied to the paper to prepare it for a particular purpose. The premium paper market is expected to expand during the forecast period due to the growing use of premium paper in décor papers, insulation papers, and carbonless copy papers.
- By Application, the packaging & labeling segment is set to develop at the highest share during the forecasted timeframe. The packaging is expanding in tandem with the food and beverage and healthcare industries. Additionally, packaging and labeling have a significant opportunity in a lot of the food and pharmaceutical manufacturing sectors.
- The Europe region is expected to have the highest share of the Premium Paper market over the projected period. The market expansion of Premium Paper products in the European region, which accounts for the largest market share, is anticipated to be aided by large production capacities of paper and paperboard products in nations like the United Kingdom, Germany, and Italy.
Key Industry Development:
- In June 2023, Fedrigoni: Launched, a visionary collection of papers derived from natural fibers such as cotton, hemp, and linen. This eco-conscious initiative not only provides a distinctive aesthetic with its unique textures but also champions eco-responsible practices.
- In April 2023, Arjowiggins launch Curious Collection featuring a range of premium papers made from 100% recycled post-consumer waste. This caters to the growing demand for environmentally friendly choices in the luxury segment.
Premium Paper Market Segmentation:
By Type
- Packaging Paper
- Decor Paper
- Release Liner Paper
- Printing Paper
By Raw Material
- Pulp
- Additives
- Coatings
- Fillers & Binders
By Application
- Printing & Writing
- Industrial
- Packaging & Labeling
- Building & Construction
For this report, Introspective Market Research has segmented the Premium Paper Market based on region:
Regional Outlook (Revenue in USD Million; Volume in Units, 2022-2028)
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Russia
- Spain
- Rest Of Europe
- Asia Pacific
- China
- India
- Japan
- Singapore
- Australia
- New-Zealand
- Rest of APAC
- Middle East & Africa
- Turkey
- Saudi Arabia
- Qatar
- UAE
- Israel
- South Africa
- South America
- Brazil
- Argentina
- Rest of SA
