July 16, 2024

Copper Plate Paper Market is Expected to driven by Packaging Industry needs

Copper plate paper is paper coated with a thin layer of copper on one side and is used for printing purposes. Commonly used in packaging applications, copper plate paper provides excellent print quality and enhances graphics. With increased demand for attractive consumer packaging from various end-use industries such as food and beverages, cosmetics, pharmaceuticals and others, copper plate paper plays an important role in product branding and promotion. Properties like high gloss, metallic shine and distinctive visual appeal make copper plate paper ideal for premium packaging where quality graphical representation is a key selling point.

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 key trends

Growing demand for sustainable packaging: To meet the rising consumer demand for eco-friendly options, manufacturers are increasingly focusing on developing sustainable variants of copper plate paper made from recycled content. The natural metallic looks and premium aesthetics offered by copper coating also allow reducing usage of plastic-based packaging materials.

Development of new application areas: Ongoing research and product innovation is expanding applications of copper plate paper beyond traditional areas into new domains like printing on glass, wood and other non-paper surfaces. Specialty variants with added functionality are also gaining ground. This is anticipated to open up untapped growth opportunities over the coming years.

Porter’s Analysis

  • Threat of new entrants: The copper plate paper market requires high initial investments which act as a barrier for new entrants.
  • Bargaining power of buyers: The buyers have moderate bargaining power as there are numerous established players providing copper plate paper.
  • Bargaining power of suppliers: The suppliers have moderate bargaining power due to availability of raw material substitutes and less differentiation in products.
  • Threat of new substitutes: There is low threat from substitutes due to no close substitute for copper plate paper which is specially used in printing applications requiring high quality.
  • Competitive rivalry: Intense competition exists among existing players to gain higher market share.

Key Takeaways

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

North America and Europe are expected to be the fastest growing regions due to developed printing industries. Asia Pacific is the dominant region owing to presence of developing economies and their expanding printing sectors.

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.

International Paper Company is one of the largest producers of copper plate paper globally. Domtar Corporation also has a strong presence and manufactures various printing papers including copper plate paper.

Nippon Paper Industries Co., Ltd., UPM-Kymmene Corporation, and Sappi Limited are other major players focusing on capacity expansions to cater to the growing demand in developing nations.