The billing paper market is expected to experience strong demand, with a total valuation of US$ 897.1 million in 2023 rising to US$ 1,536.5 million by 2033. FMI also forecasts billing paper sales to increase at a steady 5.9% CAGR between 2023 and 2033.
This growth can be attributed to several key factors driving the market forward. Firstly, increasing digitization and the adoption of electronic billing systems are creating a higher demand for thermal and carbonless billing papers.
These papers are essential for printing receipts and invoices in various industries, including retail, healthcare, and finance.
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Additionally, the rise of e-commerce and online transactions is fueling the need for billing papers used in shipping labels, packing slips, and order confirmations. Moreover, the emphasis on sustainability is driving the development of eco-friendly billing papers made from recycled materials or certified sustainable sources. This trend is expected to gain traction as companies prioritize environmental responsibility in their operations. Furthermore, technological advancements in paper manufacturing processes are enhancing the quality and durability of billing papers, further stimulating market growth.
“Key players are focusing on providing customized carbonless billing papers to assist companies to promote their businesses. Some are offering self-designed billing papers to businesses, showcasing specific information that will help companies improve their brand identify,” says a FMI analyst.
Key Drivers
- Growing trend of shopping from supermarkets and increasing popularity of e-commerce in China, India, the U.S., and Germany are expected to drive the demand for billing paper.
- Rising demand for two-part billing papers for keeping the track of sale transactions to maintain reliable records and eliminate conflicts & queries regarding the post-transaction is facilitating the sales of 2 parts NCR papers.
Key Restraints
- Increasing number of initiatives undertaken to eliminate the use of paper and decline deforestation activities are hampering the growth in the market.
- Rising trend of electronic invoicing and digital payments, owing to the growing smartphone and internet penetration across the world is hindering the sales of billing paper.
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Competitive Landscape
The top five companies in billing paper market include Koehler Paper Group, Pixelle Specialty Solutions, Mitsubishi HiTec Paper Europe GmbH, Asia Pulp & Paper (APP) Sinar Mas. and Jinyi Paper Co., Ltd.
Some of the key players operating in the market profiled by FMI are:
- Koehler Paper Group
- Pixelle Specialty Solutions
- Mitsubishi HiTec Paper Europe GmbH
- Krpa Holding CZ, A.S.
- Nekoosa Coated Products, LLC
- KDM Enterprises
- Asia Pulp & Paper (APP) Sinar Mas.
- Yulu Paper Industry Co.,Ltd
- Jinyi Paper Co., Ltd.
- VistaCoat
- Double Tree Paper Industry Group Co.,LTD
- Gold Huasheng Paper (Suzhou Industrial Park) CO., Ltd Inc.
- Xiandai Paper Production
- Surya Coats Private Limited
- Shandong Sincere Paper Co., Ltd.
More Valuable Insights on Billing Paper Market
FMI, in its new report, provide an in-depth analysis of the global billing paper market, analyzing forecast statistics for the coming 10-years. The survey reveals growth projections on in billing paper market with detailed segmentation:
By Paper Type:
- 2 Parts NCR Paper
- 3 Parts NCR Paper
- 4 Parts NCR Paper
- 5 Parts NCR Paper
By Basis Weight:
- Up to 40 GSM
- 40-100 GSM
- Above 100 GSM
By Application:
- Institutional
- Educational
- Business
- Households
By Region:
- North America
- Latin America
- Europe
- Middle East and Africa (MEA)
- East Asia
- South Asia
- 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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