The tracing paper market is forecast to experience a growth of 2.4% CAGR over the estimated period, as per FMI’s analysis. The industry’s size is predicted to reach a market value of US$ 470.73 million in 2023.
The demand for paper has seen a considerable escalation in recent years and is projected to expand consistently, propelled by economic and population growth. More initiatives are required to fund unique technologies and execute emission reduction policies during papermaking as we move toward a sustainable future.
Tracing papers are used for extensive activities, including architectural designs, tracing images on fabrics, photographic lighting, etc. Paper crafts like tracing paper help express creativity and bring ideas to life.
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Tracing paper also traces a drawing or an image on the apparel. According to reliable sources, the textile industry in Australia is expected to amount to US$ 0.91 billion in 2023. From 2023 to 2028, the market is forecast to assume a growth rate of 3.09%. Considerable growth in the textile industry in Australia is projected to garner exciting new prospects for key competitors.
Demand for tracing paper is also catalyzed by the booming architecture and construction sector, wherein tracing solutions are required for interior designs. Another aspect fueling the market growth is the growing curiosity of children and millennials in arts and crafts.
Key manufacturers are projected to locate and dive into new investment pockets to secure future growth. Currently, Australia, India, China, and Mexico seem to hold growth potential.
Innovations that help in less water evaporation and more on-site waste heat recovery and co-generation can boost energy efficiency and lower emissions. Distinct uses of heat pumps in paper production are being discovered to reutilize the dormant heat from paper drying to generate steam for drying. Growing concerns related to sustainable paper production are expected to consider the methods above.
Top Highlights from the FMI’s Analysis of the Tracing Paper Market:
- The manufacturers of tracing paper are expected to find considerable growth opportunities in India and China. Therefore, FMI has projected that the Asia Pacific region is expected to propel rapidly.
- The Japanese market is expected to observe significant business opportunities over the forecast period. This can be credited to the surging popularity of scrapbooking and creative stationery.
- The South Korean market is another key market that is expected to witness increased demand for tracing papers as trends related to design and photography surge.
- Australia is expected to witness heightened demand for tracing papers as construction activities and architectural studies expand.
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Key Players Tracing Their Way to Success in the Competitive Marketspace
The leading competitors in the market are coming up with high-grade tracing papers to gain an edge over other rivals. For instance, Koehler Paper Group manufactures Reacto, a high-grade paper that produces a copy via microcapsule coating. The branded carbonless paper is a product that offers perfect running attributes in printing presses and in later processing.
Players are also enhancing their distribution channels to effectively distribute their extensive range of specialty and packaging papers to meet the increasing demand for tracing papers. The leading companies also produce paper grade, specialty pulp, fluff, supply printing, business and publishing papers, and specific industrial products.
Tracing Paper Market Outlook by Category
By Thickness:
- Up to 60 GSM
- 61 to 80 GSM
- 81 to 100 GSM
- Above 100 GSM
By Material:
- Cellulose Fiber
- Cotton Fiber
- Recycled Fiber
By Application:
- Printing
- Drawing
- Photographic & Cinema Lighting
- Embossing
- Lamination
- Others (Greeting Cards, Envelopes, etc.)
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- The Middle East and Africa (MEA)
- Oceania
About Future Market Insights Inc. (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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