USD 13.66 billion
Paper Pigments Market Size, Share, Growth Analysis, By Product Type(Inorganic Pigments, and Organic Pigments.), By Pigment Type(Titanium Dioxide, Calcium Carbonate, Kaolin, Talc), By Application(Printing and Writing Paper, Newsprint, Packaging, Decorative Paper), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15E2495 |
Region:
Global |
Published Date: April, 2024
Pages:
184
|Tables:
93
|Figures:
76
Paper Pigments Market Insights
Global Paper Pigments Market size was valued at USD 13.66 billion in 2022 and is poised to grow from USD 14.81 billion in 2023 to USD 28.23 billion by 2031, growing at a CAGR of 8.4% in the forecast period (2024-2031).
The global paper pigments market has been churning. These are some of the critical factors impacting demand and supply dynamics that have taken place over the last few years as a result of changing consumer preferences in demands This market, essential to the paper and packaging industry, adds lustre and quality to printed materials. The trend toward environmentally sound paper packaging has thus spurred demand for pigments. Everyone, from consumers to businesses is looking for environmentally sound substitutes. This explains the spread of paper-based packaging.
In addition, rapidly evolving pigment manufacturing techniques have allowed the creation of high-performance pigments with enhanced color stability and lightfastness as well. These developments reflect the growing needs of the paper industry. Yet tough environmental regulations concerning the employment of certain pigments and chemicals for papermaking might constrain market participants. These regulations must be observed, and sustainable practices developed for long-term success.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Inorganic Pigments
Fastest Growth
Organic Pigments
Growth Rate
8.4% CAGR
Global Paper Pigments Market ($ Bn)
Country Share for Asia Pacific Region (%)
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Paper Pigments Market Segmental Analysis
The global paper pigments market is segmented into four major segments i.e. by Product Type, Pigment Type, Application, and region. Based on Type, it is divided into Inorganic Pigments, and Organic Pigments. Based on Pigment, it is bifurcated as Titanium Dioxide, Calcium Carbonate, Kaolin, Talc, and Others. Based on Application, it is segregated into, Printing and Writing Paper, Newsprint, Packaging, Decorative Paper, and Others. Based on region, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
Analysis by Type
The flexibility offered by inorganic pigments has thus far ensured that they have held a large market share. They are commonly used to create both white and a wide range of colors in paper products. Generally speaking, inorganic pigments have enhanced durability and resistance to fading, as well as better lightfastness than organic pigments. The durability, especially for applications such as packaging and printing where lasting color is important.
Continuously rising ecology and environmental labels are attracting increasing interest in organic pigments. Such pigments are often considered less environmentally harmful than some inorganic substitutes. The need for organic pigments is predicted to expand in the niche and professional fields, such as eco-friendly packaging material and high quality printing ink, where a given color's particular properties are of importance.
Analysis by Application
The blossoming of e-commerce activities throughout the world has greatly increased demand for packaging materials. This constitutes a large proportion of packaging applications. Given the increasing environmental concern among consumers, there has been an increased focus on environmentally sustainable packaging solutions. Paper pigments are a key factor in improving the attractiveness of environmentally friendly paper packaging.
Interior design and decor has been advancing, with use of it in a number of fields such as wallpaper, laminates or specialty papers. Pigments are necessary to create bright and beautiful designs. While the age of paper is long past, print media for decoration are regaining popularity. For example, decorative paper for use in books, art prints and other creative applications raises the demand for pigments.
Global Paper Pigments Market By Type
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Paper Pigments Market Regional Insights
Countries like China and India, in the Asia-Pacific region are rapidly industrializing. This development has stimulated paper products demand, especially packaging and printing materials in which paper pigments are an important ingredient. Combined with Asia-Pacific's huge population and ongoing urbanization, the consumption of paper products is increasing. The high demand for paper in different applications helps the region maintain its lead in this market.
The industrial sectors of countries in Latin America, such as Brazil and Mexico, are also developing rapidly. Yet the increased development of industries dependent on paper products like packaging and printing helps drive rapid growth in the region's market for paper pigments. As disposable incomes increase, Latin America consumer expenditures for packaged goods and printed materials. The resultant increase in such need for paper products drives the use of pigments.
Global Paper Pigments Market By Region
- Largest
- Fastest
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Paper Pigments Market Dynamics
Drivers
Increasing Demand for Sustainable Packaging Solutions
- Rising demand for sustainable packaging options. With the rise of environmental awareness, both businesses and consumers stress eco-friendliness. This trend is promoting paper packaging that needs pigment to make a visual impression. Technical progress that lies behind pigment making is crucial, contributing to the high-performance pigments with color stability and sturdiness. Another big factor is the increase in e-commerce activities, where companies compete to provide good looking and branded boxes for consumers. All this results in a higher overall demand for paper pigments of any sort.
Restraints
High Fluctuation in Raw Material Prices
- Main market restraints include fluctuations in raw material prices, especially essential pigments such as titanium dioxide. These price swings can have a huge impact on production costs, and manufacturers in the paper pigments industry are very sensitive to them. Regulatory compliance and environmental concerns are another major obstacle. These strong restrictions on certain pigments and chemicals which firms working with paper must follow mean that there is no room for sloppiness, multiplying complication in the manufacturing process. There are only limited choices of pigment to be used.
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Paper Pigments Market Competitive Landscape
The international paper pigments market is dominated by a complex web of major players fighting for market share and influence. Leading companies in this field dedicate a great deal of attention to research and development, thereby offering pigments that keep track with the changing needs of the market. Technology is key; companies seek to increase the efficiency and environmental friendliness of their pigments in order to win competitive advantages.
Top Player’s Company Profiles
- BASF SE
- Clariant AG
- DIC Corporation
- Cabot Corporation
- Kronos Worldwide, Inc.
- Huntsman Corporation
- Lanxess AG
- Dow Chemical Company
- Evonik Industries AG
- Heubach GmbH
- Sun Chemical Corporation
- Ferro Corporation
- The Shepherd Color Company
- Sakamoto Chemicals Co., Ltd.
- Zhejiang Colorchem Co., Ltd.
- Tolsa Group
- The Chemours Company
- Huber Engineered Materials
- Rockwood Holdings, Inc.
- Elementis PLC
Recent Developments
- In January 2024, Pidilite Industries Ltd. announced a strategic partnership with Syn-Bios, a renowned leader in research and development (R&D) and global marketing within the leather tanning industry based in Italy. The collaboration between the two companies is poised to revolutionize the leather chemical landscape in South Asia.
- In October 2023, Pakka Limited, formerly known as Yash Pakka Limited, a prominent manufacturer of compostable packaging solutions, partnered with Brawny Bear, a renowned nutrition company known for its healthy food products crafted using the natural sweetness of dates. Together, they introduced India's first-ever compostable flexible packaging solution.
- In July 2023, Debbie McKeegan, CEO of Texintel and contributor to WhatTheyThink, conducted an interview with Ron Sportel, Manager of Innovation & Development, and Federica Valente, Marketing Manager, at Coldenhove. They discussed the latest developments in Texcol Pigment transfer paper, first introduced in 2019, and its applications in 2023.
Paper Pigments Key Market Trends
- Rising Emphasis on Sustainable and Eco-friendly Pigments: An expanding trend toward environmental consciousness. As paper products become increasingly green and environmentally friendly, manufacturers are investing in research aimed at formulating pigments that conform to high environmental standards. Ongoing innovation in pigment manufacturing is another noticeable trend. Ongoing innovations are leading to the production of high-performance pigments with enhanced properties such as color stability, lightfastness, and durability
Paper Pigments Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
The analysis of the global paper pigments market shows that this is a very active industry with quite several trends and problems. Increasing demand for sustainable packaging solutions and ongoing technological breakthroughs in pigment manufacturing drive the market.
Volatile raw material prices present a problem, while restrictive regulations governing pigment application influence market developments. Their versatility and durability make inorganic pigments the dominant force. Rapid industrialization spurs the Asia-Pacific ahead, Latin America emerges as a fast growing region. Eco-friendly pigments, technical innovation and strategic alliances are central trends.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 13.66 billion |
| Market size value in 2031 | USD 28.23 billion |
| Growth Rate | 8.4% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Paper Pigments Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Paper Pigments Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Paper Pigments Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Paper Pigments Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Paper Pigments Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Paper Pigments Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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