Global Carbonless Paper Market is segmented By Type (Roll Stocks, Sheets,) By Product (2 Parts, 3 Parts, 4 Parts, Tailored Paper), By Basis Weight (<30 gsm, 31-60 gsm, 61-90 gsm, >90 gsm), By Vehicle Type (Institutions, Educational, Business, Households), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031
Carbonless Paper Market Overview
Carbonless Paper Market is estimated to reach at a CAGR of 7.4% within the forecast period (2024-2031).
Carbonless paper is a sheet coated with the paper used to transfer information written on the front onto sheets beneath one paper. It includes the micro-encapsulated dye or ink on the backside of the top sheet and a clay coating on the front side of the bottom sheet. It is used to duplicate the top sheet by rupturing and the reaction of dye capsules with the clay to form a permanent mark whenever a certain amount of pressure is applied through writing or impact printing.
The global carbonless paper market is segmented based on roll stocks and sheets type. Roll stocks account for the high market share in this segmentation. The market is segmented on product type as 2 parts, 3 parts, 4 parts and tailored paper. 2 Parts segment accounts for a significant market share due to the high usage of 2 Parts carbonless paper in laser printers. 2 Parts carbonless paper is available in the different weights, sizes, forms and volumes.
Further, the market is classified based on application to institutions, education, businesses and households. The business segment accounts for the highest market share due to the rising demand for carbonless papers in businesses. Computer stationery, bill & checkbooks and invoice pad are some of the products businesses use. It is further expected that the business segment shall maintain its dominant position over the forecasted period.
Carbonless Paper Market Scope
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Metrics |
Details |
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Market CAGR |
7.4% |
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Segments Covered |
By Type, By Product, By Basis Weight, By Vehicle Type, and By Region |
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Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights. |
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Fastest Growing Region |
Asia Pacific |
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Largest Market Share |
North America |
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Carbonless Paper Market Dynamics
Rising demand from end-users drives the market share for carbonless paper.
Rising demand from end-users drives the market share for the carbonless paper
The carbonless paper has seen a surge in demand in recent years from various sectors. The carbonless paper has various advantages such as ease of use, anti-forgery properties and cost savings, leading to wider adoption among various sectors. Courier and postal services are some of the major users of carbonless papers. Deliverymen mainly use it to copy the customer's delivery confirmation. The rise of online shopping and E-commerce has led to a growing demand for carbonless paper from the courier and postal services.
Shipping and logistics companies also use carbonless papers to duplicate statements and shipping manifests on the go, especially when printers aren't around. The rise in global trade has led to growing demand from shipping companies.
Banks and financial institutions utilize carbonless paper, mainly for transaction statements and bookkeeping. The wider adoption of banking services, especially in developing and underdeveloped countries, leads to greater demand for carbonless paper.
The hospitality industry uses carbonless paper to record and store physical billing details, particularly in hotels and restaurants. The growth in the hospitality sector will only increase the demand for carbonless paper.
Therefore, the rising demand for carbonless paper from various end-use industries is one of the key drivers of the industry's growth.
Rising global digitization creates a huge challenging atmosphere for the growth of carbonless paper
Digitization has seen an unprecedented rise globally in the last decade as more and more of the global population gets connected to the internet. The rise of budget smartphones and cheap internet is driving digital penetration in developing and underdeveloped countries across the globe.
The rising internet usage has prompted a shift in many industries regarding business strategy. Many traditional industries are going digital to reach more people, cut costs and better manage time. Companies no longer have to maintain a physical presence in a particular market to conduct business there due to the globally interconnected nature of the internet.
Banking and investments, shopping, groceries and pharmaceuticals are just some activities consumers can undertake without leaving their homes. Besides convenience, time management is another important advantage since many activities can be executed within a few clicks and take seconds.
The incomparable advantages of digitization for businesses and consumers alike are accelerating their adoption across the globe. Many business activities, such as billings, are done electronically in a paperless format. It eliminates the need for carbonless paper. The rise of digitization globally is a key challenge for the growth of the global carbonless paper market.
COVID-19 Impact Analysis on Carbonless Paper Market
The global carbonless paper market experienced a strong decline in 2020, owing to COVID-19's impact. Governments globally imposed strict lockdowns of varying durations starting from March 2020 to curb the spread of the emerging COVID-19 pandemic. It caused the shutdown and complete scale back of paper manufacturing operations.
The lockdowns also caused disruptions for end-users. Educational institutes such as schools, colleges and businesses had to close and function remotely. It led to a severe drop in demand. A similar decrease in demand was observed from households, as many people were laid off and cut back spending on non-essential items.
North America, one of the largest markets for carbonless paper, went under strict restrictions by May 2020 and economic activity reduced sharply, recovering somewhat by late 2020. Revenues for carbonless paper companies thus show slight improvement towards the end of 2020. However, rising cases and the second pandemic wave hit North America and Europe in late 2020 and early 2021. Thus demand remained subdued from 2020 through mid-2021. The demand is not expected to recover until the end of 2021.
The collapse in demand from the end-use industries caused a severe disruption in the global carbonless paper market. The research and development of new technologies and the introduction of new products were delayed. Many small and medium-scale enterprises in the carbonless paper supply chain faced bankruptcy due to the reduced demand since many had single revenue streams.
Carbonless Paper Market Segment Analysis
The global carbonless paper market is segmented on type, product, basis weight, application and region.
The roll stocks are clean and can easily sharp print-out images on the 2nd and 3rd ply, which is boosting the segmental growth of the product
The global carbonless paper market is segmented based on type: roll stock and sheets. The roll stock dominates the market of the mentioned types. Carbonless copy paper, noncarbon copy paper, or NCR paper is a type of coated paper designed to transfer information written on the front onto sheets beneath. The paper is available in both rolling stock and sheet form, depending on the application required by the customer.
A carbonless paper roll is a paper roll with carbonless paper rolled around circular cardboard. The roll stocks are clean and can easily sharp print-out images on the 2nd and 3rd ply. Carbonless paper roll, also known as auto copy paper, is designed for dot matrix POS and credit card processing printers. The rolls are available in different sizes, such as 75mm*75mm and 70mm*70mm and each size offers different applications.
For instance, 76mm x 70mm 2ply Carbonless Paper Roll is used as receipt paper rolls in POS printers & credit card processing applications, such as Axiohm, Hypercom, IBM Sureone, Citizen CBM Epson, Micros, NCR, Star Micronics, VeriFone and more. Furthermore, these rolls are easy to use in the POS printer in retail, logistics, pharmaceuticals, etc.
Telepaper, a Malaysia-based thermal products manufacturer, offers a wide variety of sizes for carbonless paper rolls and there are available in different product types such as 1-ply, 2-ply and 3-ply. The NCR paper is also offered in multiple color selections, including White, Gold, Yellow, Pink, Blue, Green and Canary.
Carbonless Paper Market Geographical Share
Growth in the carbonless paper industry in Asia-Pacific is inextricably linked to structural economic factors like improved literacy rates, higher spending on education and growth in the print and media industry
Carbonless paper is widely used in the region to create sales receipts, requisition forms, delivery forms, employment applications, contracts, etc. Carbonless copy paper is still necessary for service providers in the digital age, whether in the hospitality, construction or retail industries. It's simple to create receipts, acknowledge delivery and make invoices duplicate or triplicate using noncarbon copy paper.
The paper sector can grow as India's per capita paper consumption is at 15 kg compared to the global average of 57 kg. The demand for paper is growing at 6% to 7% per annum; India's share in world paper production is about 5%. According to CPPRI data (2019-20), India has almost 861 paper mills with 526 operational installed capacities of 27.15 million tons.
The paper and paperboard imports into India have been steadily increasing. In value terms, imports have increased at a CAGR of 11.34 percent during the last nine years. Imports increase faster than domestic production, indicating that domestic installed capacity is underutilized.
According to a report from Indonesia Investments, the paper industry in Indonesia plays a significant role in the country's economy, accounting for 6.7% of its processing industry's GDP. Indonesia's pulp and paper industries are the top 10 largest producers globally. Last year, Indonesia's paper production capacity was recorded at 16 million tons.
Carbonless Paper Market Companies and Competitive Landscape
The global carbonless paper market is highly competitive with local and global key players. The key players contributing to the market's growth are Mitsubishi HiTec Paper Europe GmbH, Koehler Paper Group, Pixelle Specialty Solutions, Jinyi Paper Co., Ltd., Yulu Paper Industry Co., Ltd, NCR Paper, Nekoosa Coated Product, TOPRINT Computer Supplies, Alpha Carbonless Paper, Pura Group and others.
The major companies are adopting several growth strategies such as product launches, acquisitions and collaborations, contributing to the global growth of the carbonless paper market.
- For instance, on March 31, 2021, Pixelle Specialty Solutions acquired Rollsource, a specialty paper business of the Veritiv Corporation. Rollsource's acquisition comprises a book of the business largely supplying the forms printer sector and a conversion factory in Pittsburg, Kansas.
Koehler Paper Group
Overview: Koehler Paper Group is a Germany-based independent, family-owned company specializing in manufacturing and supplying specialty papers. The company provides an extensive range of products, including carbonless paper, thermal paper, flexible packaging paper, fine paper, decor paper, recycled paper, wood pulp products and sublimation paper
In addition, the company offers carbonless paper under its diversified Reacto brand, a high-grade form paper range that produces a microcapsule coating. Further, the company has three (3) plants in Greiz, Kehl and Weisenbach, producing over 500,000 tons of specialty paper and board each year. Koehler Paper Group has a global presence with a turnover of more than US$ 1,000 million.
Product Portfolio: TOP SHEET REACTO CB: It is utilized as the top sheet in NCR sets and has a front coating that reacts with the color-forming ingredients emitted by the middle or top sheet.
Key Development
- On February 10, 2020, Koehler Paper Group acquired Beaver Paper & Graphic Media, Inc., a U.S.-based company specializing in sublimation media for the dye-sublimation and digital print industries.
The global carbonless paper market report would provide approximately 69 market data tables, 64 figures and 219 pages.
