Research Nester published a report titled “Paper Pigments Market: Global Demand Analysis & Opportunity Outlook 2033” which delivers detailed overview of the global paper pigments in terms of market segmentation by type, application, end-use industry and by region.
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Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global paper pigments market is anticipated to grow with a CAGR of ~5% during the forecast period, i.e. 2023-2033. The market is segmented end-use industry into print media, stationary, packaging, personal care, and others. Out of these, the packaging sector is anticipated to garner the highest market share by 2033, owing to large production of paperboard. As per records, the global consumption of paper and paperboard totaled to be 410 million tons in 2021.
The global paper pigments market is estimated to garner a moderate revenue by the end of 2033. Increasing demand for paper from the packaging industry is expected to be one of the major drivers for the paper pigments market. The high growth of the packaging industry coupled with increasing regulations related to renewable packaging materials are leading to the increasing use of paper over plastic. This has propelled the consumption of paper in packaging, which in turn, is projected to drive the paper pigments market.
Geographically, the global paper pigments market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Out of these, the market in Asia Pacific region is estimated to garner the largest market share by the end of 2033, on the back of presence of top key players and high consumption of paper. Further, the constant government support in oil industry are anticipated to be other factors driving the paper pigments market growth.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Growth in Production of Packaging Paper to Drive the Market Growth
The increment in the utilization of paper in a few enterprises, for example, bundling and printing, and development in the utilization of tissue papers for various purposes has expanded the interest for paper pigments in the market. Also, broad uses of paper in printing newspapers, printing papers, papers utilized for books, practice books, and bundling have expanded the interest for paper pigments. Then again, the ascent in mindfulness about cleanliness has expanded the utilization of tissue paper and bathroom tissue by and large. Besides, there is additionally a development popular for paper towels and face wipes in various areas like inns and avionics.
However, the recent boom in digitization along with the rising environmental concerns regarding paper recycling and stringent government rules is expected to operate as key restraint to the growth of the global paper pigments market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global paper pigments market which includes company profiling of KaMin LLC/ CADAM SA, Kemira Oyj, The Chemours Company LLC, Imerys S.A., BASF, Minerals Technologies Inc., Ashapura Group, J.M. HUBER Group, Thiele Kaolin Company, Omya AG. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global paper pigments market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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