Thin Paper Market: Global Industry Analysis And Forecast (2023-2029)

Thin Paper Market size was valued at US$ 1.27 Bn. in 2022 and the total Thin Paper revenue is expected to grow at 5.9% through 2023 to 2029, reaching nearly US$ 1.89 Bn.
Thin Paper Market Overview:
Kraft paper is commonly utilized in the production of various sizes and designs of bags, pouches, and cartons. Thin papers are also extensively utilized in a variety of sectors and have wide applicability in the printing of books, magazines, and newspapers due to their low cost and ease of availability.To know about the Research Methodology :- Request Free Sample Report

In this report, the Thin Paper market's growth reasons, as well as the market's many segments (Weight, product type, Application, End-Use Industry, and Region), are discussed. Data has been given by market players, regions, and specific requirements. This market report includes a comprehensive overview of all the significant improvements that are presently prevailing in all market segments. Key data analysis is presented in the form of statistics, infographics, and presentations. The study discusses the Thin Paper market's Drivers, Restraints, Opportunities, and Challenges. The report helps to assess the market growth drivers and determines how to use these drivers as a tool. The report also helps to rectify and resolve issues related to the global Thin Paper market situation.
Thin Paper Market Dynamics:
Manufacturers are looking for more durable alternatives to the groundwood paper used in newspaper printing, which is driving the global thin papers market. The global thin papers market has been growing due to a diverse variety of applications such as wrapping and other paper-based packaging products. The use of thin paper ultimately affects a manufacturer's profit margin. The cost-effectiveness of thin paper manufacturing is the primary driver of the global thin paper market.

An increasing need for thin papers in the retail sector, as well as a growing desire for sustainable, recyclable, and reused paper is likely to drive the Thin Paper market's expansion throughout the forecast period. Furthermore, the growing usage of thin sheets for printing and publishing, packaging, and labeling in a variety of sectors such as food and beverages, pharmaceuticals, and cosmetics throughout the world are likely to drive the market's growth. Furthermore, Increasing demand for different sorts of thin papers such as specialty paper, printing paper, Kraft paper, and others for various uses such as printing of various types of books, newspapers, and magazines around the world.

However, the flexible strength of thin sheets is a crucial issue restraining the global thin paper market's growth to some extent.
Thin Paper Market Segment Analysis:
By Product type, the kraft paper segment is expected to grow at a CAGR of 3.6 % during the forecast period. The increase in demand for kraft papers in different end-use sectors such as food and beverages, building and construction, cosmetics and personal care, automotive, and consumer durables is a significant driver that is expected to drive the global kraft paper market growth. Furthermore, factors such as the region's rapid urbanization and the recycling of kraft papers are expected to contribute to the growth of the kraft paper market during the forecast period.

The printing paper segment held the largest market share in 2022. increasing consumer desire for utilizing sustainable paper owing to growing environmental concerns has driven the growth of the global printing paper market in recent years. The rising popularity of digitally printed folding cartons and paper is likely to give a substantial opportunity to the global printing paper market in the coming years.

By Application, the Packaging segment widely uses thin papers. The thin paper used in the packaging sector is an industrial high-quality strength low gsm paper that is used for a variety of purposes including packaging of precious things, packaging of art pieces, kite making, stuffing in leather goods, and after dip-dyeing in brilliant colors for a variety of decorative uses. The thin paper used for packaging also has a high tear resistance.

Newspaper Printing is also growing at a rapid rate during the forecast period. The standard type of paper is that used to publish major newspapers. It is one of the least expensive types of newspaper paper due to its thinness.

By End-Use, the Homecare segment uses a thin tissue paper for hygiene purposes. The effort to make tissue paper soft and attractive is always in progress, and this has resulted in tissues being used not just for personal hygiene but also for other purposes such as decoration and creativity. Tissues may also be manufactured in different colors based on their demands, size, and quantity, and are available in a variety of sizes ranging from little napkins tissues to bundle rolls.
Regional Insights:
In North America, the global thin papers market is expected to grow over the forecast period because Consumers are becoming more attracted to more sustainable products, and the qualities of thin paper such as recyclable and reusable make the paper more in demand.

In the Asia Pacific region, the Thin Paper market is likely to account for a significant market share in terms of volume owing to the expansion of the retail sector in this region. The need for thin paper is increasing as the use of packaging or printing expands, as the thin paper is cost-effective and offers compactness.

The objective of the report is to present a comprehensive analysis of the Thin Paper market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Thin Paper market dynamics, and structure by analyzing the market segments and projecting the Thin Paper market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Thin Paper market make the report investor’s guide.
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Thin Paper Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 1.27 Bn.


Forecast Period 2023 to 2029 CAGR:
5.9 %
Market Size in 2029:
US $ 1.89 Bn.


 Segments Covered:
by Weight
<30 gsm
40 gsm
50 gsm
<60 gsm


by Product type
Specialty paper
Printing paper
Kraft paper
Wood-free paper


by Application
Books
Magazines
Newspapers
Packaging


by End-Use
Food & beverages
Electronics & Electricals
Cosmetic & Personal Care
Pharmaceuticals
Homecare products



Thin Paper Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (razil, Argentina Rest of South America)
Key Players:
1. Ahlstrom-Munksjö
2. Bolloré Thin Papers, Pdl.
3. UPM Communication Papers
4. Drewsen Spezialpapiere
5. Nippon Paper Papylia Co., Ltd.
6. Mondi Group
7. Puli Paper Mfg. Co., Ltd.
8. International Paper Company
9. Georgia-Pacific LLC
10. DS Smith Packaging Limited
11. Oji Holdings Corporation
12. Pratt Industries, Inc.
13. Great Little Box Company Ltd.
14. WestRock Company
15. Smurfit Kappa Group Plc
16. KapStone Paper and Packaging Corp
17. Stora Enso Oyj
18. Sonoco Products Company
19. VPK Packaging Group nv
20. Mayr-Melnhof Karton AG
21. Clearwater Paper Corporation
22. Metsa Board Corporation
23. Evergreen Packaging Inc.

FAQs:

1. Which is the potential market for the Thin Paper in terms of the region?
Ans. In the APAC region, the expansion of the retail sector is expected to help drive the use of collaborative screens.

2. What is expected to drive the growth of the Thin Paper market in the forecast period?
Ans. An increasing need for thin papers in the retail sector, as well as a growing desire for sustainable, recyclable, and reused paper is likely to drive the Thin Paper market's expansion throughout the forecast period.

3. What is the projected market size & growth rate of the Thin Paper Market?
Ans. Thin Paper Market size was valued at US$ 1.27 Bn. in 2022 and the total Thin Paper revenue is expected to grow at 5.9% through 2023 to 2029, reaching nearly US$ 1.89 Bn.

4. What segments are covered in the Thin Paper Market report?
Ans. The segments covered are Weight, product type, Application, End-Use Industry, and Region.