The global tracing paper market is on a trajectory of steady growth, poised to achieve a valuation of US$ 470.73 million by 2023 and exhibiting a promising CAGR of 2.4% from 2023 to 2033. This anticipated expansion positions the market to reach a robust valuation of US$ 597.91 million by the end of 2033. Notably, the top 3 countries are expected to consolidate a significant 30 to 40% of the global market share by 2023, reflecting the market’s concentrated dynamics.
Within the tracing paper market, the 81 to 100 GSM segment emerges as a prominent contender, driven by its lightweight and superior quality attributes. With projections indicating that this segment will command around 39% of the market share by the conclusion of 2022, it underscores the preference for this thickness range among consumers and industries alike.
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An intriguing aspect of the tracing paper market is its absolute opportunity, which exceeded US$ 449.2 million in 2022, emphasizing the lucrative potential for stakeholders. The escalating demand for eco-friendly tracing solutions across diverse applications such as drawing and printing is anticipated to be a key sales driver, contributing to an estimated 1.3x growth during the foreseeable period.
Moreover, the rising trend of incorporating coding into technical drawing practices is poised to play a pivotal role in fostering market growth. This trend, coupled with the indispensable requirement for transparent papers in construction drawings for precise and comprehensive designs, stands to revolutionize processes within the construction sector. Notably, these transparent papers facilitate the efficient identification of edges in images, enabling streamlined tracing and potentially yielding time and cost savings.
Tracing Paper Market: Dynamics
Tracing paper is widely used to precisely copy architectural drawings and engineering designs. The inexpensive nature and fewer resilience media to trace and transfer design elements is expected to widen its uses in various applications and fuel the growth of the global tracing paper market during the forecast period. The flourishing global printing market and the extensive use of tracing paper for traditional printing, laser printing, and inkjet printing, is likely to drive the growth of the global tracing paper market during the forecast period.
Also, the use of tracing paper in products such as envelopes, greeting cards, and others is projected to escalate the growth of global tracing paper market during the forecast period. Furthermore, the growing popularity of tracing paper in embroidery & quilting is foreseen to push the growth of the global tracing paper market during the forecast period. Overall, the global outlook for tracing paper market is expected to remain positive during the forecast period.
Tracing Paper Market: Regional Outlook
The Asia Pacific excluding Japan (APEJ) region is expected to dominate the global tracing paper market during the forecast period by accounting for the largest market share. Countries in the APEJ region such as, China and India, are expected to witness a significant demand during the forecast period. The ASEAN countries are projected to register a notable growth rate during the forecast period.
Western Europe is a significant shareholder of the global tracing paper market and is expected to register a healthy growth rate during the forecast period. The burgeoning printing market in North America is expected to drive the growth of the tracing paper market. The U.S. is expected to remain dominant in terms of market share, while Canada is expected to register a high growth rate during the forecast period. Japan is expected to witness positive growth in the tracing paper market during the forecast period.
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Tracing Paper Market: Key Players
Examples of some of the key players operating in the global tracing paper market are:
- Nippon Paper Industries Co., Ltd.
- Canson
- Mitsubishi Paper Mills Limited
- Hyderabad Reprographics Pvt. Ltd.
- Atul Paper Pvt. Ltd.
- Asian Reprographics Private Limited.
- Plantation Paper Pty Ltd
- Papersmith
- ArjoWiggins Chartham Ltd.
- Zhejiang Wuxing Paper Co., Ltd.
Tracing Paper Market: Key Trends
Some of the key trends observed among the tracing paper manufacturers are listed below:
- Manufacturers of tracing paper such as, Papersmith and Mitsubishi Paper Mills Limited, are aiming to produce tracing paper from 100% recyclable fiber to save the energy which will ultimately make them virtually carbon neutral.
- Tracing paper manufacturers are focusing on the custom design of tracing paper in order to satisfy the need of the individual customers as per their precise requirement.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Regional Analysis Includes-
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific excluding Japan (APEJ)
- Middle East & Africa (MEA)
- Japan
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Tracing Paper Market: Segmentation
On the basis of material, the tracing paper market is segmented into:
- Cellulose Fiber
- Cotton Fiber
On the basis of application, the tracing paper market is segmented into:
- Traditional Printing
- Letterpress
- Planographic/Offset
- Silk Screen Printing
- Laser and Inkjet Printing
- Processing
- Varnishing
- Laminating
- Embossing
- Drawing
- Photographic & Cinema Lighting
- Envelope
- Mailing
- Flyer
- Coversheet
- Greeting Cards
- Posters
- Others
On the basis of end use, the tracing paper market is segmented into:
- Institutional
- Commercial
Tracing Paper Market Reports Highlights:
- A detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current, and projected market size regarding volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies for key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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