The uncoated paper market is anticipated to steadily expand at 7.8% CAGR from 2023 to 2033, says Future Market Insights (FMI). The market value is poised to skyrocket to US$ 45.8 billion by the end of 2033.
In 2023, revenue is likely to exceed US$ 21.6 billion. At the end of the historical period 2018 to 2022, the market was valued at US$ 19.8 billion.
Rising demand for personalized and unique products is expected to drive the market for the uncoated paper industry during the forecast period. Businesses offer custom printing options for uncoated paper, allowing customers to personalize stationery, packaging, labels, and other paper-based products.
With growing environmental concerns and strict regulations on plastic packaging, there is a rising demand for sustainable packaging solutions. Uncoated paper is recyclable, biodegradable, and made from renewable resources.
Uncoated paper is increasingly preferred as an alternative to plastic packaging. This demand is driving the growth of the uncoated paper industry during the projected period.
The rapid expansion of the e-commerce industry has led to an increased need for packaging materials, including uncoated paper. Uncoated paper is used for a variety of packaging applications such as corrugated boxes, wrapping papers, and void fillers. The booming e-commerce sector, driven by demand for convenience and changing consumer behavior, is propelling sales of uncoated paper.
The versatility of uncoated paper makes it suitable for a wide range of applications. It includes packaging, stationery, and advertising materials, further driving its market growth.
Key Takeaways:
- The uncoated groundwood paper division is estimated to accelerate at 7.5% CAGR from 2023 to 2033.
- The uncoated paper market in China is set to hit US$ 11.1 billion in 2033.
- The uncoated paper market in the United States is anticipated to attain a valuation of around US$ 8.3 billion by 2033.
- North American uncoated paper market is expected to reach a valuation of US$ 10.8 billion by 2033.
Recent Developments:
- In August 2022, Sappi Europe raised its rates to European clients by 8 to 10% on its Woodfree Coated & Uncoated papers, as well as Paperboard, starting on September 12.
- In August 2020, Naini Papers introduced their Absorbent Kraft Paper. The business plans to target the Indian as well as the global laminate sectors.