Global Paper Pigments Market 2019-2023
About this market
Increasing adoption of UWF paper in packaging to gain traction in the global paper pigments market. The advent of industry 4.0 has led to technological advances and increased adoption of sustainable packaging solutions. Technavio’s analysts have predicted that the Paper Pigments market will register a CAGR of around 4% by 2023.
Growing consumption of tissue papers
The increasing focus on hygiene is driving the consumption of tissue papers. The growing demand for various products such as paper towels, toilet paper, facial wipes, and tissue papers used in the food industry will contribute to the growth of the global paper pigments market during the forecast period.
Environmental concerns regarding paper manufacturing
The paper production industry contributes significantly to carbon dioxide emissions and global warming. The paper production process will require resources such as trees for fiber production and fuel for manufacturing. The significant increase in the use of both resources will have a negative impact on the environment which will contribute to the global warming.
For the detailed list of factors that will drive and challenge the growth of the paper pigments market during the 2019-2023, view our report.
The market appears to be fragmented and with the presence of several companies including BASF and DowDuPont the competitive environment is quite intense. Factors such as the growing consumption of tissue papers and increasing adoption of UWF paper in packaging, will provide considerable growth opportunities to paper pigments manufactures. BASF, DowDuPont, Imerys, KRONOS Worldwide, and Omya are some of the major companies covered in this report.
‘With the presence of a considerable number of companies, this market appears to be fragmented. The global paper pigments market is highly fragmented and competitive due to the presence of many regional and global players. The business model used by these companies is entirely different form normal corporations as these are large number of players in the market with regional as well as global presence.’
Technavio Announces the Publication of its Research Report – Global Paper Pigments Market 2019-2023
Technavio recognizes the following companies as the key players in the global paper pigments market: BASF, DowDuPont, Imerys, KRONOS Worldwide, and Omya.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the increasing adoption of UWF paper in packaging.”
According to the report, one of the major drivers for this market is the growing consumption of tissue papers.
Further, the report states that one of the major factors hindering the growth of this market is the environmental concerns regarding paper manufacturing.
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