Paper Pigments Market Expected to Reach $27.9 Billion by 2031—Allied Market Research

According to a new report published by Allied Market Research, titled, “Paper Pigments Market," The paper pigments market size was valued at $12.6 billion in 2021, and is estimated to reach $27.9 billion by 2031, growing at a CAGR of 8.4% from 2022 to 2031.

Paper pigments are remarkable inorganic appropriates used for fills and coatings in paper production. These pigments are used in conjunction with a fastener that allows pigments to remain attached to strands in papers. Pigments are also classified into categories, such as dark, white, and shaded. These pigments are widely used in fine papers, magazine printing papers, newsprint, and packing papers.

The growth of the global paper pigments market is majorly attributable to its wide applications in applications, such as coated paper and uncoated paper. Paper pigments are used in printing magazines and journals, photographs, book covers, catalogues, and other promotional materials. It is also used for making covers or promotional cards, included in notebooks. White paper pigments come in two varieties, opaque and transparent. Opaque pigments reflect light from their surface and are utilized to conceal the background, on which they are printed. Transparent pigments allow light to pass through them and are generally added to other, more expensive inks to "pad them out" and lower the usage of expensive pigments. They are also utilized to lessen the color strength of other inks and to make tints.

Further, increasing demand for paper in the packaging industry is predicted to drive the market growth during the forecast period. Paper packaging is a versatile and cost-effective way of protecting, preserving, and transporting a broad variety of items. Paper packaging is lightweight, biodegradable, and recyclable, making it an important component of packaging. Paper packaging is often recognized as the most eco-friendly and cost-effective kind of packaging. Natural kraft paper is the most durable of all paper types and is widely used for bags and wrapping. It is also used in the packaging of flour, sugar, dried fruits, and vegetables. Paper pigments are employed to improve the opacity and brightness of the paper. The packaging sector is expanding rapidly as a result of urbanization, demographic changes, fast development in emerging nations, and technological improvements. Growing environmental concerns have also prompted increase in usage of paper in the packaging business.

However, rise in digitalization, which is impacting the paper industry, is projected to hinder the expansion of the market. On the contrary, growing need for superior quality coated paper is expected to offer ample growth opportunities for the paper pigments market. Superior quality coated paper is used for a matte-coated paper rather than cast-coated, as cast-coated paper is highly reflective. It is more resistant to dirt, dampness, and wear, making it last longer. It includes wax base, wrapping, carbonizing, and kraft specialties, wedding invitations, scrapbooking, or a fancy greeting card, and others. Cast coated paper of superior grade is also suitable for image reproduction and die-cutting. Further, owing to the vibrancy of the obtained colors, superior quality coated paper is primary used for printing magazines and journals, book covers, photographs, catalogues, and other promotional materials.

The paper pigments market is segmented into type, application, and region. On the basis of type, the market is categorized into calcium carbonate, kaolin, titanium dioxide, amorphous silicas, talc, and others. On the basis of application, the market is categorized into coated paper and uncoated paper. Coated Paper is the fastest growing segment with the highest CAGR. Paper pigment is applied to the surface of coated paper to increase brightness, smoothness, or other printing attributes. Paper pigment is typically used for printing magazines and journals, photographs, book covers, catalogues, and other promotional materials. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. The paper pigments market share is analyzed across all significant regions and countries.

The major players operating in the global paper pigments market include, Aditya Birla Chemicals, Cabot Corporation, DuPont de Numerous Inc., En-Tech Polymer Co.,Ltd., GAB Neumann GmbH, Hansol Chemicals, J.M.Huber Corporation, Kokuyo Camlin Ltd., Kemira Oyj, KaMin LLC. / CADAM, Minerals Technologies Inc., Omya AG, Sudarshan Chemical Industries Ltd., Thiele Kaolin Company, and The Chemours Company. These players have been adopting various strategies to gain higher share or to retain leading positions in the market. Collaboration, expansion, and product launch are the most adopted strategies by these players. For instance, in March 2022, DuPont de Numerous Inc. launched the new pigment ink series in its digital inks portfolio. DuPont Artistri digital printing inks deliver high performance for home, office, textile, commercial, and packaging applications, including printing on coated & uncoated paper and corrugated & folding carton.

COVID-19 Analysis:

The COVID-19 pandemic moderately impacted the global paper pigments industry. During the pandemic, paper food packaging expanded in bulk because of its antibacterial properties, as well as reduced environmental implications and protects the food material inside from contamination, which is likely to boost the demand for coated and uncoated paper, thereby propelling the paper pigments market during the COVID-19 crisis.

Key findings of the study

• By type, the calcium carbonate segment was the highest revenue contributor to the market in 2021.
• By application, the uncoated paper segment was the highest revenue contributor to the market in 2021.
• By region, Asia-Pacific was the highest revenue contributor to the market in 2021, growing with a CAGR of 9.0%.
• China was the highest revenue contributor, growing with a CAGR of 9.1%.
• South Korea and Japan are expected to witness considerable CAGRs of 8.9% and 8.3%, respectively, during the forecast period.