Global Paper Pigments Market Grows at a Staggering CAGR of 8%

Introduction

Paper pigments are colorants and additives used in the paper industry to provide color, brightness, and certain optical properties to paper products. They impact the visual appearance and printability of various paper items, including newspapers, journals, packaging, and specialty papers.

During the forecast period, the extensive use of paper pigments and increased demand for Paper in the packaging industry are projected to boost the global paper pigments market. On the other hand, increased digitization will likely stifle market growth for paper pigments. On the contrary, growing demand for high-quality coated Paper is expected to drive the global paper pigments market.

Market Dynamics

Growing Packaging Industry Drives Market’s Growth

Rising demand for packaged goods in numerous industries is growing the packaging industry. Food, beverage, medical, e-commerce and others are included. Increased demand for high-quality packaging materials and innovative printing methods to improve packaging appearance and branding. This tendency affects the global paper pigment market since paper pigments are needed to make attractive packaging. Smithers predicts the global packaging market will reach USD 1.05 trillion by 2025 from USD 917.82 billion in 2020. The food and beverage sectors' increased demand for packaging materials may explain this growth.

Also, e-commerce has increased demand for packing materials. According to the Flexible Packaging Association, US e-commerce sales will rise 44.5% by 2020, requiring new packaging solutions. The e-commerce company's eco-conscious clientele loves its sustainable paper packaging with innovative paper hues. Customer satisfaction, brand loyalty, positive evaluations, and word-of-mouth referrals increase when the company reduces its carbon footprint and enhances unboxing. E-commerce growth and demand for eco-friendly packaging boost paper pigment demand. These pigments are essential for creating packaging that meets e-commerce and other visual needs and environmental goals. Therefore, the paper pigments market trend will evolve with packaging.

Demand for Sustainable and Eco-Friendly Pigments Creates Tremendous Opportunities

Growing demand for eco-friendly and sustainable pigments creates a major opportunity for the worldwide paper pigment business. Consumers and businesses are growing more environmentally conscious and seeking sustainable products. Manufacturers can profit by selling eco-friendly paper pigments. These pigments should have little environmental impact from raw material purchase to disposal.

A recent Drapers poll shows that UK customers' demand for eco-friendly packaging has skyrocketed. Sustainable packaging makes shoppers 64% more inclined to buy. 50% of consumers will pay more for eco-friendly packaging and delivery. Environmentally friendly products are also growing in popularity. Nielsen found that 81% of global respondents strongly believe firms should help the environment. Sustainable packaging often uses eco-friendly hues.

Regional Insights

Asia-Pacific is projected to grow rapidly. Asia-Pacific face tissue paper, envelopes, cover sheets, and specialty papers use paper pigments. Enameled, gloss, and coated Paper is popular in Asia-Pacific. Polymers or combinations of compounds coat paper to give it weight, gloss, smoothness, or reduced ink absorption. Coated Paper absorbs less ink, making images and sketches clearer and brighter. The packaging industry uses coated Paper. Demand for e-commerce and meal delivery will certainly fuel the market. Alibaba dominates Chinese e-commerce at 45%. The company's fiscal year 2022 sales were USD 134.6 billion, and the growing e-commerce industry's demand for paper packaging would likely drive the market during the projected period.

Additionally, e-commerce revenue in India was USD 83 billion in 2022 and is projected to reach USD 185 billion in 2026 due to internet penetration. Coated paper use in Asia-Pacific may boost paper pigment demand.

North America's paper pigments market share will boost the global market owing to increased demand for coated and uncoated papers. Rapid economic growth has raised paper product demand, which should drive market growth. The US is one of the oldest and largest users of paper napkins and other tissue paper products. Despite slow growth, this regional market will dominate others during the forecast.

Despite widespread tissue paper use and many paper mills, North America purchases most Paper and pulp processing chemicals, driving paper pigments market growth. To meet the growing needs of the North American paper and printing sectors, the North American paper Pigments Market must prioritize sustainability, quality, and regulatory compliance. The region is known for its eco-friendly packaging and high-quality print materials.

Key Highlights

• The global paper pigments market size was valued at USD 13.18 billion in 2022 and is projected to reach USD 26.35 billion by 2031, registering a CAGR of 8% during the forecast period (2023-2031).
• The category is further subdivided into calcium carbonate and kaolin. Calcium Carbonate has the most market share.
• By application, the segment can be divided into Coated, Satin-Coated, Gloss-Coated, Dull-Coated, Uncoated, Woven/Smooth Uncoated Paper, and Laid Uncoated Paper. Uncoated Paper is a key market contributor.
• Depending on the region, the market is analyzed in North America, Asia-Pacific, Europe, and LAMEA. Asia-Pacific is the most significant global market shareholder and is estimated to grow at a healthy CAGR over the forecast period.

Competitive Players

Competitive Landscape

The key players in the global paper pigments market are Omya AG, Kemira Oyj, The Chemours Company, Imerys, Minerals Technologies, BASF SE, Ashapura Group, Huber Corporation, Thiele Kaolin Company, and KaMin LLC. / CADAM.

Recent Developments

Market News

• In September 2023, Kemira joined the UN Global Compact Forward Faster Initiative, which aims to speed up the implementation of the UN Sustainable Development Goals.
• In September 2023, the planned sale of Imerys' paper market assets to Syntagma Capital to Syntagma Capital has been called off.

Segmentation

Global Paper Pigments Market: Segmentation

By Type

• Calcium Carbonate
• Kaolin

By Application 

• Coated
• Satin-Coated
• Gloss-Coated
• Dull-Coated
• Woven or Smooth Uncoated Paper
• Laid Uncoated Paper

By Region

• North America
• Asia-Pacific
• Europe
• The Middle East and Africa
• Latin America