The base paper market is likely to record a strong CAGR of 1.75% during the forecast period. The base paper market is currently valued at USD 302.66 Billion in 2022 and is likely to reach USD 360 Billion by 2032.
| Report Attribute | Details |
|---|---|
| Estimated Base Year Value (2022) | USD 302.66 Billion |
| Anticipated Forecast Value (2032) | USD 360 Billion |
| Projected Growth Rate (2022 to 2032) | 1.75% CAGR |
Sales of base paper have risen due to opaque laminating base paper for quality printing.
Increased demand for eco-friendly packaging is also projected to contribute to the growth of the base paper market share.
The report sheds light on the factors improving the sales of base paper, and, in turn, the opportunities for market players. However, the base paper market also faces some challenges, which might limit the base paper market share from reaching its potential.
Some of the key base paper market trends promoting the demand for base paper include giving good tear barrier when used with other substrates such as polyethylene, aluminum foil.
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The driving factor for the base paper market is the increasing demand for ecofriendly and recyclable packaging material. Owing to the hazardous impact of non-degradable plastic use, many countries are switching for sustainable packaging solution.
Base paper is chemical free paper which acts as a fueling factor for increasing the global sales of base paper across the world. It has zero effect on human health and the environment.
The growth of the base paper market is increasing exponentially because it can be used as décor paper. Depending on the requirement, the decor paper is used as overlay paper, barrier paper, print paper, absorbent kraft paper.
Also, the base paper market is growing on the backdrop of construction industries as the shuttering paper gives more wet resistance and good tensile strength.
In pharmaceutical industries, the base paper (also called medical paper or bactite paper) is used for packaging of medical or surgical disposables.
Since it gives maximum protection against bacterial growth, it is expected that the base paper market will increase with the expansion of pharmaceutical industries.
Lucrative opportunities are witnessed for laminating base paper across the world as it provides a high barrier to the product from moisture and air.
The base paper market is growing on the backdrop of paper and pulp industries.
It is witnessed that the top key payers of paper and pulp industries are present in North America and Europe.
The consumption of base paper in the USA is more because of increasing ready to eat food segment and confectionery food packaging.
Mexico is the emerging market hence significant growth is expected for base paper market.
Europe is a mature market hence sluggish growth is witnessed. With the development of pharmaceutical industries in APAC region, the demand for base paper is increasing in China and India.
However, China is the top exporter of base papers. The production of laminated base paper is also increasing in MEA region where the regional consumption is low. Hence, the key players are exporting base paper to the European market.
The key players of the base paper market are focusing on enhancing and adopting strategies like enhancing the durability, sizes and to thrive business. This is driving the sales of base paper.
Some of the key participating players involved in the sales of base paper are:
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
These market players are anticipated to drive the base paper market by introducing new products and expanding geographically.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 1.75% from 2022 to 2032 |
| Base year for estimation | 2022 |
| Historical data | 2015 to 2021 |
| Forecast period | 2023 to 2032 |
| Quantitative units | Revenue in USD Million and CAGR from 2022 to 2032 |
| Report coverage | Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis |
| Segments covered | Raw material, Product form, Grade, Region |
| Regional scope | North America; Latin America; Western Europe; Eastern Europe; East Asia, South Asia; Middle East & Africa (MEA) |
| Country scope | USA, Canada, Mexico, Brazil, Argentina, Peru, Chile Germany, Italy, France, UK, Spain, Nordic Countries, Benelux, Eastern Europe, CIS, Russia, Japan, Greater China, India, South Korea, ASEAN Countries, GCC Countries, Turkey, Iran, Israel, South Africa |
| Key companies profiled | Twin Rivers Paper Company; KRPA Holding CZ; A.S.; Ahlstrom-Munksjö; International Paper; Graphic packaging; Stora Enso Oyj; Pudumjee Paper Products |
| Customization scope | Free report customization (equivalent to up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. |
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The base paper market is expected to grow at a CAGR of 1.75% through 2032.
The base paper market size is expected to reach USD 360 Billion by 2032.
The market size of the base paper market amounts to USD 302.66 Billion in 2022.
North America is likely to lead the base paper market.
| Estimated Size, 2024 | USD 603.4 million |
|---|---|
| Projected Size, 2034 | USD 876.2 million |
| Value-based CAGR (2024 to 2034) | 3.8% |
| Market Size, 2024 | USD 46.6 billion |
|---|---|
| Market Size, 2034 | USD 58.4 billion |
| Value CAGR (2024 to 2034) | 2.3% |
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