The carbonless paper market is expected to strengthen its hold and thrive at a moderate CAGR of 6.7% during the forecast period (2022-2032). The global market holds an estimate revenue of US$ 4.29 Bn in 2022 and is likely to cross US$ 7.69 Bn by the end of 2032.
Mainly used for transferring information from one paper to another by putting pressure on one paper through writing or impact printing, the carbonless paper has been a part of multiple industries for years.
The demand for carbonless paper has moderately increased lately as its use in laser and inkjet printers for digital printing has increased. The sales of carbonless paper are expected to have a positive outlook in the forecast period.
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What are the Key Drivers and Restraints to the Carbonless Paper Market?
Increasing the use of digital formats more than print media is also expected to affect the consumption of carbonless paper negatively. As it replicates the exact form written or printed, it prevents alteration. Carbonless papers are majorly used in institutions, as they are required to maintain records in all places, fueling the demand for carbonless paper.
Thus, to avoid the unnecessary work of scanning and photocopy, institutions prefer carbonless paper pads or notebooks. Many business firms still use carbonless paper, wherein avoiding the chances of alteration even in print media. Carbonless papers are available in reel and roll form. The high-quality printing ensures that carbonless papers have high tear strength as well as easy printing. The demand for security papers is increasing owing to an increment in international tourism, which further accelerates the growth in demand for carbonless paper.
Which Market for Carbonless Paper Is Important?
In the next ten years, North America is anticipated to have the largest market share in the Americas, with the United States dominating the value share. The carbonless paper market is anticipated to expand more quickly in emerging regions than in other regions.
Due to consumers’ preference for sustainable products, significant change is anticipated in China and India during the projection period. As a result, demand for carbonless paper rises.
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Which are the Key Competitors of Carbonless Paper Market?
The key players of the carbonless paper market are focusing on mergers and collaborations that are fueling the sales of Carbonless paper. Also, companies focus on using better quality and A grade raw materials.
Key players in the Carbonless paper market include
- Koehler Paper Group,
- Mitsubishi HiTech Paper Europe GmbH, P. H.
- Glatfelter Company and
- Jinyi Paper Co. Ltd.
Recent Market Development:
- Epson has certified Blue4est thermal paper of Koehler Paper Group resulting its significance as a first-rate result. This pushes the sales of carbonless paper as it intrigues competitors to deliver the best quality paper.
- Mitsubishi HiTech Paper Europe GmbH has introduced its new coated premium inkjet paper that is expected to made of face-stock material. This fuels the sales of carbonless paper.
Key Segments Profiled in the Push-in Plug Vials Market
- <30 gsm
- 31-60 gsm
- 61—90 gsm
- >90 gsm
- 2 Parts
- 3 Parts
- 4 Parts
- Tailored paper
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Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations