The inkjet paper market has witnessed a steady expansion over the past few years and is poised for continued growth through the next decade. With the global inkjet paper market expected to generate sales of USD 950.3 million in 2024, projections indicate a compound annual growth rate (CAGR) of 3.50%, leading to a market size of USD 1,475.8 million by 2034.
This optimistic forecast can be attributed to several driving factors, including the increasing use of inkjet printers in various industries, the rise in demand for premium quality printing solutions, and advancements in printing technologies. The growing adoption of inkjet printers across various sectors, including photography, graphic design, and office documentation, is a significant factor driving the demand for inkjet paper.
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Inkjet paper is designed to be compatible with inkjet printers, which spray tiny droplets of ink onto the paper’s surface to create printed images or text. Unlike traditional printing methods, inkjet printing allows for high-resolution images, making it ideal for various applications, including professional photography, graphic design, and office printing. Inkjet paper is formulated to absorb the ink efficiently, resulting in sharper, more vivid prints.
The demand for inkjet paper is closely linked to the growth of the inkjet printer market, as well as technological advancements in printing. As printers become more capable of producing high-quality images, the demand for premium, high-resolution inkjet paper is expected to rise significantly. The market’s growth is also driven by a shift toward digital documentation, which requires quality paper for printing both professional and personal materials.
Key Takeaways From the Inkjet Paper Market
- Global inkjet paper demand grew at a compound annual growth rate (CAGR) of 4.50% from 2019 to 2023.
- India’s inkjet paper market is projected to grow at a CAGR of 3.5% through 2034.
- Italy’s market is expected to experience a CAGR of 3% until 2034.
- The United States is predicted to see a growth rate of 3.1% by 2034.
- The printing category will lead the inkjet paper market, accounting for 32% by 2024.
- Matte paper is anticipated to hold a market share of 28% within the inkjet paper sector.
Driving Factors for Market Growth
Several factors are expected to drive the inkjet paper market’s growth through 2034.
- Technological Advancements in Printing: The inkjet printing technology is continuously evolving, resulting in the introduction of printers capable of producing prints with higher resolutions and faster speeds. These advancements are expected to increase the demand for high-quality inkjet paper, which is essential for taking full advantage of these sophisticated printing capabilities.
- Consumer Demand for High-Quality Prints: As consumers demand better quality for personal projects such as photo books, wedding albums, and printed artwork, the need for premium inkjet paper will continue to rise. The ability of inkjet printers to produce vivid and accurate color prints will drive this demand, particularly in the consumer electronics and photography industries.
- E-Commerce and Online Printing Services: The growing popularity of online printing services is another factor contributing to the demand for inkjet paper. Many businesses and individuals are turning to e-commerce platforms to print materials like marketing brochures, flyers, and photo prints. These services rely on high-quality inkjet paper to meet the expectations of their customers.
Competitive Landscape
The global inkjet paper industry is dominated by a number of major companies, ranging from traditional paper manufacturers to tech-savvy startups. Established market companies with decades of expertise maintain a significant market share by providing a varied range of inkjet paper products tailored to individual needs.
Recent Developments
- In April 2024, International Paper acquired DS Smith Plc, positioning International Paper as global leaders in ecofriendly packaging solutions.
- In May 2024, OJI announced the acquisition of the forest plantation in Uruguay.
Leading Inkjet Paper Brands
International Paper, Domtar, UPM, Stora Enso, OJI, Smurfit Kappa, Sappi, Nippon Paper, Mondi and Fujifilm are the key players in this market.
Key Segments of the Report
By Type:
The inkjet paper market is classified into matte paper, glossy paper and semi-gloss paper.
By Basis Weight:
The inkjet paper market is classified into Upto 150 GSM, 151 to 180 GSM and Above 180 GSM.
By End Use:
The inkjet paper market is classified into printing, packaging and lamination.
By Region:
Analysis of the inkjet paper market has been carried out in key countries of North America, Latin America, Western Europe, South Asia, East Asia, Eastern Europe and Middle East & Africa.
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