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 6.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Copper plate paper is a form of high quality uncoated paper used as the substrate for reproduction and printing. It has a smooth, dense surface that accepts high quality images and text when printed. Copper plate paper delivers sharp, rich images and fine details. It is ideal for corporate annual reports, coffee table books and upscale magazine editions where high end reproduction is required. The smoothness and opacity of copper plate paper makes the images, colors and graphics highly impactful. Its ability to handle complex printing processes and deliver vibrant, detailed imagery makes it a preferred substrate for printing applications requiring high quality reproduction.
Market key trends:
One of the key trends driving the growth of copper plate paper market is its increasing use in printing high quality images for books, magazines and other publications. The photo-quality reproduction delivered by copper plate paper meets the rising consumer demand for high definition visual content. Another important trend is the growing preference of premium paper grades like copper plate paper for annual reports, corporate profiles and promotional materials where companies aim to convey an upscale, premium brand image through high quality printing on their collaterals. The advent of new copper plate paper variants offering enhanced printabilities on digital as well as traditional lithographic presses is also fueling their adoption in the printing industry.
Porter’s Analysis
Threat of new entrants: Low capital requirements and access to suppliers pose a low threat of new entrants in the copper plate paper market. However, established players hold large market shares creating barriers.
Bargaining power of buyers: Large buyers such as publishing houses and printing presses have significant bargaining power over copper plate paper suppliers due to the fragmented nature of suppliers.
Bargaining power of suppliers: A few major pulp manufacturers supply to the copper plate paper market creating moderate bargaining power for suppliers.
Threat of new substitutes: Digital substitutes pose a minor threat currently. However, potential exists for new substitute materials to replace copper plate paper in the long run.
Competitive rivalry: The presence of numerous paper manufacturers competing on price and quality results in high competitive rivalry.
Key Takeaways
The global copper plate paper market is expected to witness high growth, exhibiting CAGR of 6.0% over the forecast period, due to increasing demand from commercial printing applications.
North America dominates the copper plate paper market currently owing to presence of major printers and publishers. Asia Pacific is expected to witness the fastest growth on account of rising print advertising and industrialization in countries such as China and India.
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, Mondi Group, Stora Enso Oyj, Smurfit Kappa Group, Metsä Board Corporation, WestRock Company, Oji Holdings Corporation, and Verso Corporation. The market is moderately consolidated in nature. Strategic partnerships are common between suppliers and publishing houses to strengthen supply relationships.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it