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Packaging Innovation and Print Media Applications Propel Printing Paper and Film Market to US$87.4 Billion by 2031 at 2.9% CAGR | TMR Insights

05-28-2025 01:48 PM CET | Chemicals & Materials

Press release from: Transparency Market Research

Printing Paper and Film Market

Printing Paper and Film Market

The global printing paper and film market, valued at US$65.8 billion in 2021, is poised for steady growth. It is estimated to advance at a compound annual growth rate (CAGR) of 2.9% from 2022 to 2031, reaching US$87.4 billion by 2031. This expansion reflects sustained demand for printing substrates in packaging, advertising, and commercial applications, driven by economic growth and evolving consumer preferences. With a projected increase of nearly 33%, printing paper and film are set to remain integral to print media through 2031.

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Understanding the Printing Paper and Film Market

Printing paper and film encompass materials like coated paper, uncoated paper, and polymer films (e.g., BOPP, PET) used in offset, digital, and flexographic printing for packaging, labels, and publications. These substrates offer durability and print quality, supporting 20% of global packaging needs, per 2023 industry reports. The 2021 valuation of US$65.8 billion underscores their established role, with the projected rise to US$87.4 billion by 2031 driven by the packaging segment, which held a 50% share in 2021 due to its use in 30% of flexible packaging, per TMR. The 2.9% CAGR reflects a market adapting to digitalization while maintaining print demand.

Key Drivers of Market Growth

Several factors are propelling the printing paper and film market toward its US$87.4 billion milestone by 2031. First, growth in the packaging industry is a primary driver. Global packaging demand, valued at US$1 trillion in 2023, per Smithers, drives demand for paper and film in labels and flexible packaging, with 25% of food and beverage packaging using these materials. Asia-Pacific, with a 40% market share in 2021, leads due to China and India's e-commerce boom, accounting for 35% of global online retail.

Second, advancements in printing technology sustain growth. Innovations in eco-friendly inks and recyclable films, like Mondi's 2023 sustainable BOPP films, improve print quality by 15% while reducing waste, per Packaging Europe. These advancements, adopted by 10% of producers, support the 2.9% CAGR, with label applications growing at 3.2% CAGR due to demand for high-quality branding in 15% of consumer goods, per TMR. Companies like UPM and Avery Dennison are scaling production, with UPM's 2023 facility adding 200,000 tons of coated paper annually.

Third, regulatory and consumer sustainability trends enhance adoption. Regulations like the EU's Packaging and Packaging Waste Directive, targeting 70% recyclable packaging by 2030, boost demand for paper and biodegradable films, affecting 20% of print substrates. Consumer preference for eco-friendly products, with 65% favoring sustainable packaging per a 2023 Nielsen survey, drives paper adoption in 10% of retail applications. E-commerce platforms, handling 30% of printing material sales, and certifications like FSC, covering 5% of paper products, reinforce the market's trajectory to US$87.4 billion.

Leading Companies:

WestRock Company
Nine Dragons Paper (Holdings) Limited
Innovia Films
Eastman Kodak Company
Fujifilm Corporation
Dunmore
Seiko Epson Corp.
LINTEC Corporation
Asia Pacific Resources International Holdings Ltd.
Nippon Paper Industries Co., Ltd.
Oji Holdings Corporation

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Market Segmentation and Regional Insights

The market segments by material, application, and end-use. Coated paper led in 2021 with a 45% share, valued for printability, while polymer films grow at 3.1% CAGR for their durability in packaging, per TMR. Packaging applications dominate with a 50% share, followed by labels and publications. End-uses include food & beverage (40%), pharmaceuticals, and retail, with food & beverage leading due to flexible packaging needs.

Regionally, Asia-Pacific led in 2021 with a 40% share, valued at US$26.32 billion, driven by China's printing industry and India's packaging growth, projecting a 3.0% CAGR. Europe held a 30% share, fueled by Germany and the UK's sustainable packaging initiatives, growing at 2.8% CAGR. North America, with a 20% share, benefits from U.S. retail demand, valued at US$13.16 billion in 2021, while Latin America and Africa lag due to infrastructure gaps, per TMR.

Challenges and Opportunities

The market faces challenges. Digitalization, reducing print media demand by 5% annually, and competition from digital printing, valued at US$20.6 billion in 2021, pose risks. Volatile raw material costs, with pulp prices up 10% in 2023, and limited recycling infrastructure in 15% of markets hinder growth. The 2.9% CAGR reflects a market navigating these hurdles with strong packaging demand.

These challenges present opportunities. Advances in recyclable films, like Amcor's 2023 mono-material films, could reduce costs by 10%. Emerging markets in Africa, growing at 3.5% CAGR, and partnerships, like Stora Enso's 2023 label collaborations, enhance scalability. Regulatory incentives, covering 5% of sustainable material R&D, support the push to US$87.4 billion.

The Road to 2031

By 2031, the global printing paper and film market is projected to reach US$87.4 billion, reflecting ten years of steady growth at a 2.9% CAGR from US$65.8 billion in 2021. This milestone is driven by packaging demand, technological advancements, and sustainability trends. The market's trajectory suggests continued relevance, advancing print solutions.

In conclusion, the global printing paper and film market demonstrates steady growth from 2022 to 2031. Rising from US$65.8 billion to US$87.4 billion, it addresses packaging and branding needs with versatile substrates. Stakeholders-from producers like Mondi, UPM, and Avery Dennison to printers and retailers-play a vital role, ensuring printing paper and film shape a sustainable print future through 2031 and beyond.

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About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact Us:

Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com

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