Paper pigments are inorganic particles used as fillers and coatings in the paper-making process. The main purpose of paper pigments is to fill and coat paper. This process improves the quality and is considered cost-effective hence, it is preferred by various industrial verticals. It is specially used in premium white-coated boards, high-quality label papers, thin printing papers, high-speed inkjet papers, and tipping papers. Due to these wide usages, the Paper Pigments Market is growing rapidly. The most common pigments used are calcium carbonate, clay, and titanium dioxide. All these pigments are widely used in industrial verticals.
The Paper Pigments Market is highly propelling due to the major demand from the packaging sector. This sector is primarily driving the market due to various factors such as rapid urbanization, advancement in technology and developing economies. The rise in environmental concern encourages the usage of paper rather than other materials in the packaging industry. Paper packaging plays a crucial role in the packaging industry, and the market’s demand in this sector is relatively high compared to other sectors.
The concern and importance of using eco-friendly products are highly increased in the packaging industry due to their bio-degradable properties. Hence, this has led to using recyclable and sustainable packaging materials, for example, paper. The further paper recycling process is not complex, and it saves landfill space, reduces waste disposal issues, and helpful to the environment and prevents pollution. Therefore, these factors are accelerating the Paper Pigments Market Size.
Furthermore, the improvements and developments of the market players are letting the Paper Pigments Market Value significantly grow. Hence, due to the growth factors and demands, the market is estimated to witness a higher growth rate with a substantial CAGR percent by 2030.
During the COVID-19 pandemic, the Paper Pigments Market faced economic loss when almost all industrial verticals remained closed due to the lockdown. The market received most of its demand from the packaging sector, which was shut down for a longer period, leading to revenue loss. The demand for paper pigments was eventually reduced, affecting the supply chain process.
In the further days, when the lockdown was lifted, the market received demands from the industrial verticals, especially from the packaging sector. The demand is expected to remain consistent in the coming years. Hence, this will let the Paper Pigments Market Forecast obtain a strong CAGR value.
Chief Factors Existing In The Market
Cumulative Evaluation Of The Market
The evaluation report of the Paper Pigments Market proves that it will acquire a substantial CAGR during the forecast period. Due to the presence of growth factors such as the drivers and opportunities, the market is expected to obtain its estimated growth rate. Despite the presence of growth restricting factors, the market will successfully reach its goal. The pandemic has negatively impacted the market, but it will be recovered, and significant growth will be obtained in the future. The market overview report states that it will reach a significant USD value by 2030.
The Paper Pigments Market is segmented into type and application.
According to the geographical analysis, the Paper Pigments Market covers five prominent regions: North America, Asia-Pacific, Europe, Latin America, and the Middle East & Africa.
The Asia-Pacific has been the dominating segment in past years due to the higher demand for paper pigments in the packaging industry for industrial verticals like electronics, pharmaceuticals, food and beverage, and others. The regional growth is propelled because of the easy availability of raw materials, resulting in the higher production rate of paper and pulp.
North America is considered the second-largest market region in terms of share as it occupies a good share value of the Paper Pigments Market Share due to higher demand for paper pigments from end-user industries like electronics, food & beverage, pharmaceuticals etc. in the region.
The European region is chiefly driven due to the demand in pharmaceuticals industries, especially in the Western Europe region.
Competitive Intensity Within The Industry
The chief industrial players of the Paper Pigments Market are boosting the market’s performance at the global level. The presence of players in prominent countries is driving the market. The frequent launch of products keeps them updated with innovation and advancements. Other developmental activities like mergers, partnerships, collaboration are letting the Paper Pigments Market Trends flourish worldwide. Due to their efforts and strategies, the market is established in a good position. Here are the names of the top players in the market.
Recent Market Developments
The overall report of the Paper Pigments Market Analysis shows the valuation and the growth factors aiding the market. The market dynamic’s impact was studied in the report, along with their affecting factors. The COVID-19 report states about the market’s performance and struggles in the tough situation. Segmentation analysis was mentioned where the major segments and their sub-segments were discussed. The geographical data of the Paper Pigments Market Outlook has shown the regions covered by it. The presence of various key players and their magnificent role was stated in detail. The developments propelling the market’s demand were also mentioned. Based on the report, the Paper Pigments Market is estimated to project a strong CAGR during the forecast period.
Key Industrial Segments
|Market Size||2030: Significant Value|
|CAGR||Substantial CAGR (2022-2030)|
|Historical Data||2019 & 2020|
|Forecast Units||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Basis of Type, Application, and Region.|
|Geographies Covered||Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa|
|Key Vendors||Omya AG (Switzerland), Imerys (France), Minerals Technologies (US), BASF SE (Germany), Ashapura Group (India), J.M. Huber Corporation (US), Kemira Oyj (France), The Chemours Company (US), Thiele Kaolin Company (US), and KaMin LLC. / CADAM (US).|
|Key Market Opportunities||The rising demand for bio-degradable, bio-based, and lightweight packaging materials in various end-use industries|
|Key Market Drivers||Increasing demand for better quality packaging of FMCG products coupled with the rising inclination towards the ready-to-eat food.|
The outlook of the global paper pigments market looks very promising.
Paper pigments are majorly used in packaging applications.
Increasing demand from the packaging industry, Rapidly growing e-commerce sector across the globe.
Asia Pacific holds the largest share in the global paper pigments market, followed by North America and Europe, respectively.
Imerys (France), Omya AG (Switzerland), Minerals Technologies (US), Ashapura Group (India), BASF SE (Germany), J.M. Huber Corporation (US), The Chemours Company (US), Kemira Oyj (France), KaMin LLC. / CADAM (US), and Thiele Kaolin Company (US), are some of the major players operating in the paper pigments market.