Global Crepe Paper Market Size Is Anticipated to Reach Around $1.785 B by 2030, Growing at a CAGR of 4.07% - Zion Market Research

Salt Lake City, UT, April 28, 2023 (GLOBE NEWSWIRE) -- Zion Market Research has published a new research report titled “Crepe Paper Market By Type (Decorative And Masking), By Application (Crafting & Decoration, Medical, Masking, Packaging, Cleaning, Medical, And Costumes & Theatre), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030” in its research database.

“According to the latest research study, the demand of global Crepe Paper Market size & share in terms of revenue was valued at USD 1.35 billion in 2022 and it is expected to surpass around USD 1.785 billion mark by 2030, growing at a compound annual growth rate (CAGR) of approximately 4.07% during the forecast period 2023 to 2030.”

What is Crepe Paper? How big is the Crepe Paper Industry?

Crepe Paper Market Coverage & Overview:

The global crepe paper market size was worth around USD 1.35 billion in 2022 and is predicted to grow to around USD 1.785 billion by 2030 with a compound annual growth rate (CAGR) of roughly 4.07% between 2023 and 2030.

The crepe paper industry refers to the producers and sellers of crepe paper or derived products. Crepe paper is a form of paper that exhibits a wrinkled or crinkled texture and is produced by making paper undergo a series of mechanical and chemical treatments. It has wide-scale applications ranging from packaging, crafting and decoration, masking, cleaning, medical, costumes, and theater. The crepe paper market is run by manufacturers, suppliers, distributors, and customers and the main driving factor for the higher demand for crepe papers is an increasing demand from the packaging industry along with several other end-user verticals. During the forecast period, the industry players may have to come across certain challenges owing to the expected supply chain disruptions; however, the domestic demand for the products is projected to remain steady.

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Global Crepe Paper Market: Growth Factors

The global crepe paper market is projected to grow owing to the increasing applications of the products in one of the fastest-growing sectors which is the automotive industry. Alongside this, the demand and application of crepe paper are growing equally in the electrical industry as well. In these sectors, paper is mostly used as masking material during painting or other processes. It is also used for electrical insulation. As the end-user verticals are growing, the crepe paper industry can also expect higher demand in the foreseeable future.

Additionally, the growing popularity of crepe paper for decoration and crafting purposes remains one of the leading applications of the packaging solution. As an extension of this application, crepe paper is used for crafting, gift wrapping, and party decorations. With the growing influence of social media culture and information availability, the do-it-yourself trend has taken the world by storm and has led to many people undertaking the production of handmade goods as hobbies or small-scale businesses leading to more demand for decorative items such as crepe paper.

Although the global crepe paper industry is expected to grow steadily, it may also come across several roadblocks during the forecast period. One key restraint may arise due to the industry being subject to regulations and standards related to aspects, such as quality, product safety, and environmental impact. Complying with these regulations can be a time-consuming and costly affair. Failure to meet these rules may result in severe financial loss or penalty. Furthermore, the limited edition of the product in certain industries greatly prohibits its expansion rate.

The growing expansion in emerging economies may provide excellent growth opportunities while the raw material price volatility could challenge market growth.

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Report Scope

Crepe Paper Market: Segmentation Analysis

The global crepe paper market is segmented based on type, application, and region.

Based on type, the global market segments are decorative and masking. In 2022, the highest growth was observed in the decorative segment since it is one of the largest types of application of crepe paper. They are used extensively for party decorations, gift wrapping, and crafting. Alternatively, the masking paper has more applications in the painting and automotive industries where the paper is used as protecting surfaces during painting or other such applications. Moreover, decorative crepe paper is available in a wide variety of colors and patterns and hence appeals to a broader segment of consumers. According to the United States Department of Agriculture (USDA), in 2020, the United States alone produced close to 90.3 million metric tons of wood and paper products.

Based on application, the global market segments are crafting & decoration, medical, masking, packaging, cleaning, medical, and costumes & theater. In 2022, the largest application of crepe paper was observed in the packaging segment since it is used to package a variety of products including electronics, food, and industrial goods. Crepe paper is further valued for its added advantages such as providing cushioning, protection, and support to fragile or delicate items during storage and transportation. As per rough calculations, producing 100 sheets of crepe paper with 20*26 inches dimension and weighing 17 grams per paper may require 1 kilogram of wood pulp.

The global Crepe Paper market is segmented as follows:

By Type

• Decorative
• Masking

By Application

• Crafting & Decoration
• Medical
• Masking
• Packaging
• Cleaning
• Medical
• Costumes & Theatre

Browse the full “This review is based on a report by Zion Market Research, titled “Crepe Paper Market By Type (Decorative and Masking), By Application (Crafting & Decoration, Medical, Masking, Packaging, Cleaning, Medical, and Costumes & Theatre), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2023 – 2030.”- Report at https://www.zionmarketresearch.com/report/global-crepe-paper-market

Competitive Landscape

Some of the main competitors dominating the global Crepe Paper market include - 

• Oji Holdings Corporation
• Ahlstrom-Munksjö
• Mondi Group
• Glatfelter
• Cascades Inc.
• Georgia-Pacific LLC
• Nippon Paper Group Inc.
• Onyx Specialty Papers Inc.
• International Paper Company
• Kruger Inc.
• Nine Dragons Paper (Holdings) Limited
• Lee & Man Paper Manufacturing Ltd.
• Daio Paper Corporation
• SCA Tissue North America LLC
• Sino Forest Corporation
• Twin Rivers Paper Company
• Metsä Board Corporation
• Stora Enso Oyj
• Shandong Sun Paper Industry Joint Stock Co. Ltd.
• Domtar Corporation
• Sappi Limited
• Hokuetsu Corporation
• UPM-Kymmene Corporation
• Chenming Group
• Norske Skogindustrier ASA.

 Key Insights from Primary Research:

• According to the analysis shared by our research forecaster, the Crepe Paper market is likely to expand at a CAGR of around 4.07% during the forecast period (2023-2030).                                            
• In terms of revenue, the Crepe Paper market size was valued at around US$ 1.35 billion in 2022 and is projected to reach US$ 1.785 billion by 2030.
• Based on type segmentation, decorative was predicted to show maximum market share in the year 2022.
• Based on application segmentation, packaging was the leading application in 2022.
• On the basis of region, North America was the leading revenue generator in 2022.

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Key questions answered in this report:

• What is the market size and growth rate forecast for Crepe Paper industry?
• What are the main driving factors propelling the Crepe Paper Market forward?
• What are the leading companies in the Crepe Paper Industry?
• What segments does the Crepe Paper Market cover?
• How can I receive a free copy of the Crepe Paper Market sample report and company profiles?

Key Offerings:

• Market Size & Forecast by Revenue | 2023−2030
• Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
• Market Segmentation – A detailed analysis By Type, By Application, And By Region
• Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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Regional Analysis:

North America is expected to lead the global crepe paper market owing to the high adoption rate of these papers in the automotive and medical sectors. Along with this, the growing use of crepe paper for several decorative applications could be a leading cause of high CAGR during the forecast period. Asia-Pacific is expected to emerge as a lucrative market for the industry players due to the rapidly rising population which means a larger consumer database. Furthermore, the growing rise of demand for aesthetically pleasing and handmade products has led to higher consumption of good-quality and visually-appealing crepe paper. In addition to this, the countries of India and China are ramping up their production rate of wood pulp which could indirectly lead to more production of crepe paper along with other forms of paper.

By Region

• North America
  • U.S.
  • Canada
  • Rest of North America
• Europe
  • France
  • UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

Recent Developments

• In February 2023, Metsa Tissue, part of the Metsä Group, announced its investment in a new and advanced new tissue paper machine as a part of the company’s expansion plan
• In November 2022, ICT France and Valmet jointly celebrated the completion of a 10-year partnership working toward the production of more than 15,000,000 km of tissue paper in the last 10 years

To know an additional revised 2023 list of market players, request a brochure of the report: https://www.zionmarketresearch.com/requestbrochure/global-crepe-paper-market

FREQUENTLY ASKED QUESTIONS

• What is crepe paper?
• Which key factors will influence crepe paper market growth over 2023-2030?
• What will be the value of the crepe paper market during 2023-2030?
• What will be the CAGR value of the crepe paper market during 2023-2030?
• Which region will contribute notably towards the crepe paper market value?
• Which are the major players leveraging the crepe paper market growth?

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