The global sales of NCR laser paper are estimated to be worth USD 928.9 million in 2021 and are anticipated to reach a value of USD 1,254.7 million by 2031. Sales are projected to rise at a CAGR of 3.1% over the forecast period between 2021 and 2031. The revenue generated by NCR laser paper in 2020 was USD 900.0 million.
The rising demand for carbon-free sheets of paper across the regions is resulting in a significant rise in demand for NCR laser paper in all parts of the world. The retail industry is experiencing the rapid expansion in the recent period especially in emerging markets which is driving the demand for NCR laser paper.
The need for efficient point of sale system to streamline transactions and enhance customer experience due to growth of retail business boost the adoption of NCR laser paper. The growing need for business forms in industries like finance, healthcare and manufacturing drives the demand for NCR laser paper as it is very crucial for multipart documents with carbon paper.
NCR laser paper have huge applications in receipts, forms, invoices, and other related transactional documents. This segment holds a prominent share because of its wide spread use in various industries.
Global NCR Laser Paper Industry Assessment
| Attributes | Key Insights |
|---|---|
| Historical Size, 2020 | USD 900.0 million |
| Estimated Size, 2021 | USD 928.9 million |
| Projected Size, 2031 | USD 1,254.7 million |
| Value-based CAGR (2021 to 2031) | 3.1% |
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Evolving modern-day marketplace and business processes are in search of advanced products and solutions, to further simplify their business operations or facilitate them with the easy handling of the same.
All small, medium and large-sized businesses are looking forward to adopting eco-friendly products as well as business practices to reduce their carbon footprints on the Earth.
To overcome the limitations of traditional carbonless papers, key global players have come up with NCR laser paper, this paper is specifically designed for usage in laser printers and various digital copiers.
Similarly, like other carbonless papers, these are also available in different basis weights as per the client’s requirement. Also, the NCR laser papers are produced in various standard thickness types, which provides a variety of options to the end-users to choose from.
The imaging capsules used for coating one side of NCR laser paper is not solvent-based, unlike traditional NCR papers, which further causes no damage to the internal components of the printers.
The above mentioned unique feature of NCR laser papers makes them more preferred over other NCR papers available in the market, also it is expected to contribute towards increased demand for NCR laser papers.
Furthermore, the added advantages such as speed, accuracy, along with clarity provided in the form of sharp copy image contributes to the increased adoption and consumption of NCR laser papers across the globe.
In addition all it is a cost-effective printing paper option and avoids costly changes for the end-users, which further propels the demand for NCR laser papers across a wide range of applications.
Increased consumption of traditional carbonless forms of paper across a large number of end-user industries, along with that NCR laser papers being still in the introductory stage in most parts of the world.
Thus, High demand for traditional NCR papers along with lower acceptance of NCR laser paper among the business entities, acts as a limitation for the overall expansion of the global NCR laser paper market.
Developing parts of the world are also inclining towards the carbonless forms of printing, which in return offers a larger untapped market to the key players manufacturing NCR laser papers as the most compatible option for carbonless printing.
Also, major manufacturers are focusing on strategic expansion of their operational facilities in emerging markets enables them to capitalize on future growth endeavours.
Ongoing sustainability trends in the market, mainly among the environmentally concerned consumer bases allow the producers of NCR laser papers to position themselves as sustainable practitioners. As these NCR laser papers are eco-friendly and have no harmful coating done on them, makes them a cleaner and greener alternative for several end uses.
The presence of large-sized NCR laser paper manufacturers in the country, along with a large number of organizations focusing on reducing their carbon footprint and increasing their goodwill by positioning themselves as sustainable practitioners, makes the USA the largest market for NCR laser papers across North America.
Moreover, the consumer bases in the country preferring eco-friendly products over pollutant ones ensures expansion of the NCR laser paper market in the country.
Traditional business enterprises switching to the latest forms of book-keeping and accounts in the country, along with key international players penetrating the market through various modes of entry, makes India one of the fastest growth offering markets for NCR laser papers in the South Asian region.
China is home to many large and small-sized NCR laser paper manufacturers, along with low-cost production offered by the country, due to the easy availability of pulp and other raw materials, cheaper labour and advanced industrial infrastructure in the country makes its most lucrative market for producers of NCR laser papers in the East Asian region.
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NCR Laser Paper Market
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