Premium Paper Market Size & Market Share Data, Latest Trend Analysis and Future Growth Intelligence Report - Forecast by Product, Analysis and Outlook from 2023 to 2030

Market Overview:

The Premium Paper Market Is Expected to Grow at A Significant Growth Rate, And the Analysis Period Is 2023-2030, Considering the Base Year As 2022.

Premium paper, also known as fancy or design paper, is a high-quality paper used for important documents and printing. It is thicker and more expensive than regular paper and has a smooth surface. There are two main types: silver halide overlay paper for printing photos and inkjet for high-quality prints. Premium paper is made from wood pulp and coated with a special chemical. Its demand is growing, for example, in the packaging and construction industries, where it finds application in decorative papers, insulating paper, and marking and painting tapes.

Top Key Players Covered in The Premium Paper Market
International Paper Company (US), Stora ENSO (Finland), Nippon Paper Group Inc (Japan), Mondi PLC. (South Africa), Sappi Ltd (South Africa), Domtar Corporation (US), Glatfelter (US), Fedrigoni(Italy), Munksjo Group (Finland), ITC Ltd (India), Fujifilm (Japan), Kodak (US), Canon(Japan), Paperera de Girona S.A. (Spain), LC Paper Group (Hong Kong) and Other Major Players.

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Market Dynamics:

Driver:

Demand for premium paper is expected to increase due to its suitability for packaging edible foods and fast-moving consumer goods, as well as its use in specialty paper for food packaging. The global market for paper products is influenced by different requirements for shape, size, quantity and length of different industries. In addition, increasing emphasis on sustainable packaging and eco-friendly alternatives to plastic due to government initiatives and environmental concerns is expected to contribute to the growth of market revenue. The combination of the increased packaging needs of the food industry and consideration of environmental protection is the main reason for the increase in the use of high-quality paper.

Opportunities:

The global packaging industry is experiencing a significant trend towards continuous product innovation by manufacturers due to the need to remain competitive in the market. This development, along with the expansion of the consumer base of global suppliers through geographic coverage and improved product offerings, is expected to have a positive impact on the overall growth of the packaging market. The industry benefits primarily from the growth in demand for food and beverage and healthcare, which offers significant opportunities for packaging manufacturers.

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Segmentation Analysis of The Premium Paper Market
Premium Paper market segments cover the Type, application, and Raw Materials. By Type, the Packaging Paper segment is Anticipated to Dominate the Market Over the Forecast period. Paper packaging is a versatile and cost-efficient solution to protect, store, and transport a wide range of items. In addition, it can be customized to satisfy the customers' or product-specific needs.

By Type
• Packaging Paper
• Decor Paper
• Release Liner Paper
• Printing Paper

By Raw Material
• Pulp
• Additives
• Coatings
• Fillers & Binders

By Application
• Printing & Writing
• Industrial
• Packaging & Labeling
• Building & Construction

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Regional Analysis of The Premium Paper Market
Europe is Expected to Dominate the Market Over the Forecast period. Large production capacities of paper & paperboard products in countries such as the U.K., Germany, and Italy are projected to assist the market expansion of Premium Paper products in the European area, which accounts for the biggest market share. According to data published by the German Pulp and Paper Association, the production volume of packaging paper and board in Germany reached 12,102 tonnes in 2019. In addition, the rising urbanization and globalization of the people contribute to the region's market expansion.
• North America (US, Canada, Mexico)
• Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
• Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
• Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
• South America (Brazil, Argentina, Rest of SA)

Key Industry Developments in the Premium Paper Market
In March 2022, Stora Enso Oyj launched renewable and recyclable materials CarrEco Brown for shopping and takeaway bags. It is made up of 100% fresh fibers and has high strength and tear resistance.
In March 2022, Along with Beck Pack Automation, Mondi introduced a versatile and sturdy paper-based packaging solution for the eCommerce market. Useful Barrier Paper can replace needless plastic packaging, allowing shipments to arrive safely in eco-friendly and appropriate packing. The solution is composed of 95% paper and is recyclable across all paper waste streams in Europe.

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