The global inlay paper market is estimated to reach USD 173.4 million in 2023. A considerable valuation of USD 296.2 million is expected for the global market by the end of 2033. Inlay paper sales are projected to be bolstered by high demand from logistics, inventories, and warehouses. This is expected to aid the demand to increase at a CAGR of 5.5% from 2023 to 2033. The top 5 manufacturers of inlay papers are set to capture about 15-20% of the global market in 2022.
Inlay paper is the new-age solution for carrying digital information inside a piece of paper. It is new to the market and is emerging as one of the prominent packaging solutions for electronic data. A microchip and antenna are inlaid into the paper in which the data is stored in the chip, and the antenna is used for receiving or transmitting signals. Two types of inlay papers are manufactured by key makers, namely, wet inlay paper and dry inlay paper.
The only difference between these two is the adhesive. In wet inlay papers, adhesives are applied, whereas, in dry ones, they are absent. The need to secure one’s personal data has become of the top concerns for the majority of people across the globe.
Inlay papers provide details of any product or a person by saving it inside the chip. Electronic documents are nowadays becoming immensely popular, which would create new growth opportunities for inlay paper manufacturers in the next ten years.
As per Future Market Insights (FMI), based on material, synthetic papers are projected to lead the global market for inlay papers owing to the increasing use of sustainable and environmentally friendly packaging solutions in various industries worldwide. Thus, the segment is projected to grow 1.6x throughout the evaluation period.
The rising number of digital cards backed by the surging demand for convenience is likely to help the market for inlay papers to create an absolute opportunity of USD 131.4 million during the assessment period. Revenues of the global market reached USD 164.8 million in 2022.
Apart from that, the ongoing expansion of the fashion retail industry is likely to propel the need for product tags, which is set to drive sales of inlay papers. Owing to the aforementioned factors, the global market is anticipated to expand 1.8x throughout the prognosticated period.
| Attributes | Key Insights |
|---|---|
| Inlay Paper Market Estimated Size (2023E) | USD 173.4 million |
| Projected Market Valuation (2033F) | USD 296.2 million |
| Value-based CAGR (2023 to 2033) | 5.5% |
| Collective Value Share: Top 3 Countries (2023E) | 30-35% |
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The global market for inlay papers witnessed a steady CAGR of 5.1% during the historical period and reached a market valuation of USD 164.8 million in 2022. Inlay paper is specially used for electronic passports, smart cards, retail labels, and tags.
This type of paper is set to be widely used for smart cards and passports for storing sensitive information during the assessment period. Prevention of data theft in the current digital world is considered to be the most concerning factor that is laying the pathway for the inlay paper market.
RFID inlay paper is expected to gain high popular in the digital market, which consists of an RFID chip, tag antenna, and substrate fixed on the film. The unexplored market for inlay papers is projected to flourish in the estimated time frame and manufacturers can easily enter the market as it has niche competition.
Synthetic Inlay Paper Demand to Surge as Need for Robust Passports Burgeons
Synthetic inlay paper is gaining high popularity as it has numerous properties that are similar to conventional paper. It also provides high strength and durability. Synthetic inlay paper has various features like the inclusion of a plastic film and it resembles traditional paper.
Synthetic inlay paper is being developed by the majority of manufacturers worldwide and thus it is easily available in the market. This type of paper is non-tearable, water resistant, lubricant resistant, foldable, eco-friendly, and has good tensile strength.
Also, the ability to print, staple, and foil stamps makes synthetic inlay paper the best suitable choice for a wide range of industries. Inlay paper is set to be extensively used in passports for carrying secured information and preventing data theft.
Synthetic inlay paper is considered to be the ideal solution for a passport as the paper needs to be stronger and more durable than conventional ones. Inlay paper is likely to be used for identification documents, labels, smart cards, passports, and tags.
Apart from that, these papers have excellent physical properties and can help prevent a product from external damage. Thus, surging demand for synthetic inlay papers is projected to boost sales in the global market for inlay papers.
Inlay Sheets Demand to Surge across the USA Amid Requirement of RFID-tagged Passports
The USA is expected to hold around 82% of the North American inlay paper market share by the end of 2023 with increasing use of these papers for RFID applications. According to Pew Research Center (PRC), the number of the USA citizens traveling internationally per month was in the range of 6 to 10 million between 2019 and 2020. The pandemic affected the count of international travelers from the USA.
But after controlling the situation, around 3 million American citizens traveled internationally in the year 2021. This data shows that the number of USA citizens traveling internationally is set to be increasing in the next ten years. It will fuel demand for RFID-tagged passports for saving information related to the passport-holding person. Thus, the USA is considered the most attractive market for inlay papers.
Rising Number of International Visitors in New Zealand to Spur Inlay Packaging Demand
The New Zealand inlay paper market is anticipated to grow 1.5 times the current value from 2023 to 2033, finds FMI. Statistics put forward by Stats NZ Tatauranga Aotearoa (New Zealand Government) showcase that monthly overseas visitors' arrival in New Zealand from 2012 has been continuously increasing.
In December 2019, it was at a peak, and nearly 528,219 actual monthly visitors were recorded in the same year. In the year 2022, tourism started gaining pace as per the data. The number of monthly visitors in July 2022 was 134,175 and in March 2022, it was the highest, i.e. 28,624. Thus, New Zealand is estimated to augment sales of inlay paper in the forecast period.
Demand for Wet Inlay Papers to Skyrocket Worldwide Amid its Cost-effectiveness
Based on product type, the wet inlay paper segment is expected to lead the global market for inlay papers during the estimated time frame. Wet inlay paper is a low-cost solution to the high-volume tagging of products. Owing to its cost-effectively, the segment is expected to cover 80% of the market share by the end of 2023.
The ability of Inlay Papers to Cut Down Overall Operational Cost of Retails to Aid Demand
Based on end use, the retail segment is projected to generate high demand for inlay paper. The target segment is estimated to expand at a CAGR of 5.3% during the forecast period, says FMI. The ability of inlay papers to reduce the cost of labor and cut down costs of retailers, warehouses, and inventories is anticipated to aid sales.
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Key players operating in the global inlay paper industry are focusing on developing innovative inlay papers with wide application ranges to cater to the growing demand for security solutions for tracing & tracking products. Also, some of the other key players are focusing on expanding their presence & resources through acquisitions.
Some of the recent developments by key players are as follows-
In October 2022, Tageos launched a new product called EOS-460 U9 RAIN RFID inlays, which have applications in inventory control in tire and other rubber-based products.
In February 2022, Avery Dennison Corporation announced the acquisition of TexTrace AG, a technology-developing company, specializing in knitted and woven RFID custom-made products that can be incorporated into garments.
In August 2021, Metalcraft Inc. introduced a new RFID inlay design and started their production of RFID inlay to meet the growing demand from consumers.
| Attribute | Details |
|---|---|
| Estimated Market Size (2023) | USD 173.4 million |
| Projected Market Valuation (2033) | USD 296.2 million |
| Value-based CAGR (2023 to 2033) | 5.5% |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Value (USD million) |
| Segments Covered | Material, Product Type, End Use, Region |
| Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Middle East and Africa; Oceania |
| Key Countries Covered | The USA, Canada, Mexico, Brazil, Germany, The United Kingdom, France, Italy, Spain, Russia, China, Japan, India, GCC countries, Australia |
| Key Companies Profiled | Lahnpaper GmbH;HID Global Corporation; Avery Dennison Corporation; Alien Technology, LLC; Smart Packaging Solutions N.V; Arizon RFID Technology Co.; Tageos; Invango Information Technology Co. Ltd; Zebra Technologies Corporation; Shenzhen DTB RFID Co., Ltd.; Metalcraft Inc.; Paragon Group Limited; Barry-Wehmiller Companies; PPG Industries Inc.; Linxens; Sappi Global; Dipole; D&H Smartid Co., Ltd.; Identiv, Inc.; Zhejiang Junmp Technology Inc. Ltd. |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
The top 5 manufacturers collectively held a share of 15% to 20% in 2022.
The top 3 countries occupied a 30% to 35% global share in 2023.
Increasing the use of sustainably sourced pulp and paper for manufacturing inlay papers instead of toxic chemicals to aid market growth through 2033.
Synthetic inlay paper is gaining popularity as it has numerous properties like conventional paper.
The wet inlay paper segment is expected to lead the global market based on product type.
| Estimated Size, 2024 | USD 10.5 billion |
|---|---|
| Projected Size, 2034 | USD 13.6 billion |
| Value-based CAGR (2024 to 2034) | 2.6% |
| Market Size, 2024 | USD 46.6 billion |
|---|---|
| Market Size, 2034 | USD 58.4 billion |
| Value CAGR (2024 to 2034) | 2.3% |
| Market Size (2023) | USD 3,83,867.8 million |
|---|---|
| Projected Market Value (2033) | USD 5,73,705.45 million |
| Market CAGR (2023 to 2033) | 4.1% |
| Market Size (2023) | USD 897.1 million |
|---|---|
| Market Size (2033) | USD 1,536.5 million |
| Market CAGR (2023 to 2033) | 5.9% |
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