Copier Paper Market to Record CAGR of 1.2% Increase in Revenue By 2027 – Future Market Insights
The global market for copier paper is expected to be valued more than US$ 14,278.9 Mn by 2018. The copier paper market is projected to expand at a CAGR of 1.2% during the forecast period, 2018-2027.
Copier paper is an uncoated fine paper used for everyday printing and copying needs. In contrast to printing papers, copier paper is lighter in weight and more economical. Hence, both papers are often used interchangeably.
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The global copier paper market has been segmented on the basis of thickness, paper size, material type, and end use. A/4 size copier paper holds the maximum market share in the global copier paper market, which can be attributed to its usage in most commercial as well as consumer printing. Copier paper can be manufactured using either virgin or recycled pulp. 50-80 GSM copier paper is the most preferred thickness as it provides appropriate brightness level as well as ensures proper print.
Countering Penetration of Digitization Outlook
Emerging economies such as the Asia Pacific and Latin America are expected to exhibit tremendous growth potential during the forecast period, asserting market players to expand their footprint to these regions. Developed economies are swiftly moving towards digitization and are eliminating the usage of paper in several processes.
Moreover, the emergence of workflow systems and subsequent adoption in schools, colleges, and offices for processes such as leave application, purchase orders, etc. have minimized the usage of paper in the commercial sector in developed economies. On the other hand, the trend is yet to catch up in developing nations such as India, Brazil, China, etc., and hence, the growth opportunity remains high in these regions.
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Detailed profiles of companies are also included in the copier paper market report to evaluate their strategies, key product offerings, and SWOT analysis along with the recent developments. The key players in the global copier paper market are
International Paper Company, North Pacific Paper Company, South Coast Paper LLC, UPM-Kymmene Oyj, Domtar Corporation, Nippon Paper Industries Co., Ltd., Mondi Group plc, Stora Enso Oyj, Smurfit Kappa Group Plc., Oji Holdings Corporation, Lisgop Sikar L’td., Georgia-Pacific LLC, Nine Dragons Paper (Holdings) Limited, Sappi Limited, Metsa Board Corporation, Daio Paper Corporation, Pratt Industries, Inc., Svenska Cellulosa Aktiebolaget (SCA), Packaging Corporation of America (Boise Paper), and Rolland Enterprises Inc. Many local and unorganized players are anticipated to contribute to the global copier paper market during the forecast period.
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Recent Developments in the Global Copier Paper Market
- In January 2018, paper manufacturers in the Asia Pacific region have hiked the price of plain copier paper to compensate higher pulp costs. Manufacturers including Asia Symbol and Asia Pulp & Paper have increased the paper price by 20%. The same trend is expected to be followed by other manufacturers operating in the Asian copier paper market.
- One of the leading Indian copier paper market players JK Paper Ltd, which has a share of more than 20% in the Indian market, has invested INR 1775 Crores in expanding its production capacity and to reduce water and energy usage. The company is taking these initiatives to meet the rising demand for copier paper in the market.
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