With an expected size of US$ 1,591.9 million in 2022, the global woodfree paper market is poised to expand further, reaching US$ 2,018.0 million by 2032. The market is forecasted to experience a notable surge, indicating a Compound Annual Growth Rate (CAGR) of 2.4% throughout the forecast period. According to the report, this growth is driven by various factors such as the sustained demand for woodfree paper in printing and writing applications, coupled with a focus on sustainable and eco-friendly paper solutions. As industries embrace environmentally conscious practices, the woodfree paper market is positioned for steady and significant growth.
Increasing demand for recyclable paper materials and urgent need for environmentally friendly printing solutions are expected to push sales of white woodfree paper in the next decade.
In North America, it is anticipated that the region will hold about 17% of the woodfree paper market share in 2022. This growth is driven by the presence of numerous established paper and pulp manufacturers in Canada and the USA, leading to increased investments in Research and Development activities. An example of such innovation is Avery Dennison Corporation, a multinational labeling and packaging materials distributor based in Ohio. In November 2021, the company introduced three white, uncoated woodfree papers made from 100% recycled fibers. Avery Dennison is actively expanding its portfolio of post-consumer recycled materials, particularly for beverages, food, spirits, and wine labels. These initiatives from industry leaders are expected to propel the North American market’s growth.
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Factors Limiting the Woodfree Paper Market
- Environmental Concerns: Increasing awareness of deforestation and environmental issues has led to a shift towards more sustainable paper alternatives. This includes recycled paper and paper made from alternative fibers, which can limit the growth of the woodfree paper market.
- Digitalization: The rise of digital media and e-books has reduced the demand for traditional print media, which traditionally used woodfree paper. This digital shift can limit the market’s growth, particularly for news and magazines.
- Price and Cost: Woodfree paper production can be more expensive than other paper types, which can make it less attractive to cost-conscious consumers and businesses. This price factor may limit its market share in price-sensitive industries.
- Competition: The paper industry faces stiff competition from other materials, such as plastics and metals, for various applications. This competition can limit the market’s growth, particularly in packaging and labeling.
- Regulatory Changes: Changing regulations related to forestry and paper production can impact the availability and cost of woodfree paper, potentially limiting its market expansion.
- Shift to Digital Advertising: Advertisers are increasingly shifting to digital advertising platforms, reducing the demand for physical printed materials that would typically use woodfree paper.
- Economic Factors: Economic downturns can lead to reduced advertising and publication budgets, impacting the demand for woodfree paper in marketing and publishing sectors.
- Technological Advancements: Advancements in printing and paper manufacturing technologies have enabled the production of high-quality papers from alternative materials, potentially limiting the demand for woodfree paper.
The Major Key Payers Are:
- Imerys Kaolin Inc.
- Kobax Paper and Board
- TELE-PAPER (M) SDN. BHD.
- JK Paper Limited
- Nine Dragons Paper (Holdings) Limited
- The Navigator Company, S.A.
- Rainbow Papers Limited
- Seshasayee Paper and Boards Limited
- Moorim Paper Co., Ltd
- Drewsen Spezialpapiere GmbH & Co KG.
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Key Segmentations:
By Coating Type:
- Coated Woodfree Paper
- Uncoated Woodfree Paper
By Surface Finish Type:
- Matt Finish
- Gloss Finish
- Silk Finish
By Application:
- Magazines and Catalogues
- Envelopes
- Notebooks
- Advertising Material
- Others
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
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