Paper Based Laminates Market Report 2024 (Global Edition)

Global Paper Based Laminates Market Report 2024 Market Size Split by Grade (Bleached laminates, Unbleached laminates), by Packaging Format (Pouches, Bags, Sachets, Blisters, Stick packs), by End-user ...

Paper Based Laminates Market Report Description

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Paper Based Laminates Market Insights Video

Competitive Landscape of the Paper-based Laminates Market

Several businesses are competing to expand their market reach and gain a competitive advantage in the global paper-based laminates market. The competition is frequently fueled by ongoing innovation and advancements in product sustainability, diversity of design, and quality. In addition, in an effort to increase their market shares, these businesses are building environmentally friendly laminates, growing their distribution networks, and investing in cutting-edge manufacturing technology. Conversely, small businesses are making a point of differentiating themselves by concentrating on specialized markets and offering highly tailored solutions.

October 2023: In Gwalior, UFlex opened a facility for recycling aseptic packaging. The plant recycled materials by turning paper into recycled products and repurposing aluminum and plastic through enzyme-based delamination technology. The goal of this program was to improve recycling in the expanding aseptic packaging industry. (Source: https://thepackman.in/uflexs-enzyme-based-aseptic-packaging-recycling-plant-in-gwalior/amp/ ) June 2023: At Interpack, Bobst and BASF unveiled innovative paper-based laminates that are compostable at home. With the goal of substituting safer, more environmentally friendly food packaging solutions for solvents, the invention included water-based adhesives and printing methods that also improved the manufacturing environment and drastically shortened curing periods. (Source: https://packagingsouthasia.com/events/interpack-2023/bobst-and-basf/ ) April 2023: UPM Specialty Papers declared that it will exhibit at Interpack in May their oneBARRIER FibreCycle, a paper-based, recyclable substitute for multi-laminate plastic. Since its premiere in the summer of 2022, this creative packaging solution for goods with a long shelf life has drawn a lot of attention. (Source: https://www.upm.com/about-us/for-media/releases/2023/04/upm-to-showcase-a-ground-breaking-recyclable-high-barrier-packaging-solution-for-foods-with-long-shelf-life-at-interpack-2023/ )

Top Companies Market Share in Paper Based Laminates Industry: (In no particular order of Rank)

• Formica Group
• Wilsonart International
• Wonder Laminates
• Century Plyboards (India) Ltd.
• Greenlam Industries
• Royal Touche
• Stylam Industries
• Merino Laminates
• Panolam Industries
• EGGER Group
• Kronospan
• FunderMax
• Swiss Krono Group
• OMNOVA Solutions Inc.
• ASD Laminat
• Pfleiderer
• Abet Laminati
• Arpa Industriale
• AICA Kogyo Co.
• Ltd.
• Patrick Industries
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Paper-based Laminates Market

Which Region Dominates the Paper-based Laminates Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024. It accounted for around 40% of the global revenue. Paper-based laminates are preferred for their cost-effectiveness, durability, and aesthetic appeal in the furniture and construction industries, which is the main driver of this rise. The need for these laminates in residential and commercial applications is growing as a result of the region's thriving real estate market and an increase in remodeling activity. Further driving the market is the move towards sustainable materials, which is incentivizing producers to create eco-friendly laminates.

Which Region is Expanding at the Fastest CAGR?

Asia Pacific stands out as the fastest-growing region in the Paper-based Laminates market driven by the rapidly expanding construction and furniture industries in countries like China and India. Growing levels of disposable income and expanding infrastructure projects have increased demand for durable and visually pleasing laminates. As the region continues to modernize and urbanize, it is expected that the usage of paper-based laminates for architectural and interior décor applications will increase, providing lucrative opportunities for market participants.

The current report Scope analyzes Paper Based Laminates Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Paper Based Laminates Market

According to Cognitive Market Research, the global Paper-based Laminates market size was estimated at USD 615.6 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 246.24 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Paper-based Laminates market with a market size of USD 3958.10 million in 2024 and is projected to grow at a CAGR of 5.0% during the forecast period The market for paper-based laminates in this nation is anticipated to be greatly impacted by the expanding need for eco-friendly and sustainable materials across a range of industries.
• The Canada Paper-based Laminates market had a market share of USD 601.99 million in 2024 and is projected to grow at a CAGR of 6.0% during the forecast period. because of the growing need in a number of industries, including electronics, automotive, and construction, for environmentally benign and sustainable materials.
• The Mexico Paper-based Laminates market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 456.51 million in 2024.

Europe Paper Based Laminates Market

According to Cognitive Market Research, the global Paper-based Laminates market size was estimated at USD 615.6 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 184.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.5% from 2024 to 2031.

• The United Kingdom Paper-based Laminates market had a market share of USD 632.09 million in 2024 and is projected to grow at a CAGR of 6.3% during the forecast period. The growing trend of laminate personalization and customization is predicted to help this country's business.
• The France Paper-based Laminates market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 346.15 million in 2024.
• According to Cognitive Market Research, the German Paper-based Laminates market size was valued at USD 744.97 million in 2024 and is projected to grow at a CAGR of 5.7% during the forecast period propelled by the expanding automobile and building sectors as well as the growing use of paper-based laminates in electronic applications.
• The Italy Paper-based Laminates market is projected to witness growth at a CAGR of 4.9% during the forecast period, with a market size of USD 323.57 million in 2024.
• The Russia Paper-based Laminates market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD 583.18 million in 2024.
• The Spain Paper-based Laminates market is projected to witness growth at a CAGR of 4.6% during the forecast period with a market size of USD 308.52 million in 2024
• The Luxembourg Paper-based Laminates market is projected to witness growth at a CAGR of 5.6% during the forecast period, with a market size of USD 116.64 million in 2024.
• The Portugal Paper-based Laminates market is projected to witness growth at a CAGR of 5.3% during the forecast period, with a market size of USD 78.01 million in 2024.
• The Greece Paper-based Laminates market is projected to witness growth at a CAGR of 5.8% during the forecast period, with a market size of USD 45.15 million in 2024.
• Rest of Europe's Paper-based Laminates market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD 583.18 million in 2024.

Asia Pacific Paper Based Laminates Market

According to Cognitive Market Research, the global Paper-based Laminates market size was estimated at USD 615.6 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 141.59 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.0% from 2024 to 2031.

• According to Cognitive Market Research, the China Paper-based Laminates market size was valued at USD 63.71 million in 2024 and is projected to grow at a CAGR of 5.5% during the forecast period. The growing need for sustainable and environmentally friendly materials in a variety of industries is expected to have a significant impact on the market for paper-based laminates in this country.
• The Japan Paper-based Laminates market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD 19.54 million in 2024.
• The India Paper-based Laminates market had a market share of USD 16.99 million in 2024 and is projected to grow at a CAGR of 7.8% during the forecast period because more and more sectors of the economy, including as electronics, automotive, and construction, are in need of sustainable and ecologically friendly materials.
• The South Korean Paper-based Laminates market is projected to witness growth at a CAGR of 5.1% during the forecast period, with a market size of USD 14.16 million in 2024.
• The Australian Paper-based Laminates market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 7.36 million in 2024.
• The South East Asia Paper-based Laminates market is projected to witness growth at a CAGR of 7.0% during the forecast period, with a market size of USD 9.77 million in 2024.
• The Rest of Asia Pacific Paper-based Laminates market is projected to witness growth at a CAGR of 5.8% during the forecast period, with a market size of USD 10.05 million in 2024.

South America Paper Based Laminates Market

According to Cognitive Market Research, the global Paper-based Laminates market size was estimated at USD 615.6 Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 30.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.4% from 2024 to 2031. .

• According to Cognitive Market Research, the Brazil Paper-based Laminates market size was valued at USD 13.17 million in 2024 and is projected to grow at a CAGR of 4.0% during the forecast period driven by the developing uses for paper-based laminates in electronic applications, as well as the burgeoning car and building sectors.
• Argentina's Paper-based Laminates market had a market share of USD 5.17 million in 2024 and is projected to grow at a CAGR of 4.3% during the forecast period. It is anticipated that the expanding trend of laminate personalization and customization will benefit this nation's businesses.
• Colombia Paper-based Laminates market is projected to witness growth at a CAGR of 3.2% during the forecast period, with a market size of USD 2.74 million in 2024.
• Peru Paper-based Laminates market is projected to witness growth at a CAGR of 3.6% during the forecast period, with a market size of USD 2.52 million in 2024.
• Chile Paper-based Laminates market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 2.22 million in 2024.
• The Rest of Latin America's Paper-based Laminates market is projected to witness growth at a CAGR of 2.5% during the forecast period, with a market size of USD 4.96 million in 2024.

Middle East and Africa Paper Based Laminates Market

According to Cognitive Market Research, the global Paper-based Laminates market size was estimated at USD 615.6 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 12.31 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031..

• The GCC Countries Paper-based Laminates market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD 5.27 million in 2024. The country's market for paper-based laminates is anticipated to be significantly impacted by the increasing demand for eco-friendly and sustainable materials across a range of industries.
• The Egypt Paper-based Laminates market is projected to witness growth at a CAGR of 4.0% during the forecast period, with a market size of USD 1.29 million in 2024.
• The South Africa Paper-based Laminates market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 1.95 million in 2024 driven by the expanding automotive and building industries, as well as the growing usage for paper-based laminates in electronic applications.
• The Turkey Paper-based Laminates market is projected to witness growth at a CAGR of 3.2% during the forecast period, with a market size of USD 1.06 million in 2024.
• The Nigeria Paper-based Laminates market is projected to witness growth at a CAGR of 2.8% during the forecast period, with a market size of USD 1.29 million in 2024.
• The Rest of MEA Paper-based Laminates market is projected to witness growth at a CAGR of 2.7% during the forecast period, with a market size of USD 1.45 million in 2024.

Paper Based Laminates Market Analysis

Paper-based Laminates Market Grade Segment Analysis

According to Cognitive Market Research, bleached stands out as the dominant category over the projected period driven by a rise in demand in industries like packaging and decorative applications where uniformity and visual appeal are essential. Bleached laminates are a desirable option in these industries because to their enhanced printability and bright surface quality.

Unbleached emerges as the fastest-growing category in the Paper-based Laminates market, especially in applications where environmental friendliness and sustainability are given top priority. Unbleached laminates are becoming more and more popular in environmentally conscious sectors because of their natural, rustic look and lower environmental effects from less chemical processing.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Paper Based Laminates Industry. Request a Free Sample PDF!

Paper-based Laminates Market Packaging Format Segment Analysis

According to Cognitive Market Research, the dominant category is pouches driven by the rising need for environmentally friendly and sustainable packaging options. A major contributor to this growth has been the industry-wide switch from plastic to paper-based substitutes in food and beverage and other industries. Paper-based laminates are becoming more and more versatile for pouches, and producers who want to satisfy customer demands for eco-friendly packaging are drawn to them since they are environmentally friendly and durable.

The fastest-growing category in the Paper-based Laminates market is bags. Paper-based laminates offer a perfect way to make durable, reusable bags for the grocery, retail, and e-commerce industries. The market's overall growth is being significantly aided by the demand for paper-based laminated bags, which is being driven by consumer awareness of environmental issues and strict laws regarding plastic usage.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Paper Based Laminates End-user Segment Analysis

Paper-based Laminates Market End-user Segment Analysis

According to Cognitive Market Research, the dominant category is food and beverages because there is a growing need for environmentally friendly packaging options. As manufacturers and customers become more conscious of environmental issues, paper-based laminates are taking over as the go-to option for food and drink packaging. These laminates are perfect for a variety of applications in this industry since they provide the required barrier qualities and are also eco-friendly. The increase in this sector is also fueled by the rise of e-commerce and the need for lightweight packaging that saves money on delivery.

The fastest-growing category in the Paper-based Laminates market is healthcare and pharmaceuticals driven by the demand for safe and sterile packaging solutions as well as the strict standards in the industry. When opposed to conventional plastic-based packaging, paper-based laminates offer a more sustainable barrier against pollutants. The need for paper-based laminates is anticipated to increase as the healthcare sector puts more weight on eco-friendly options. Additionally, the use of paper-based laminates in this category is anticipated to increase due to the increased emphasis on minimizing plastic waste in medical packaging on a global scale.

• Food and beverages
• Healthcare and pharmaceuticals
• Cosmetics and personal care
• Homecare and hygiene
• Others

Author's Detail

Manoj Phagare

Senior Research Analyst at Cognitive Market Research

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• Worked on several market, industry & business research projects, on various models such as Syndicated, Custom, Subscriptions and Consults
• Proficient in secondary research and familiar with all paid research databases
• Proficient in primary research and handling client queries through mails and calls
• Expertise in statistical techniques used in data forecasting, possess strong grip on all aspects of market engineering & data analysis
• Expertise in checking feasibility of projects based on Request for Proposal (RFPs) of clients
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• Gained team-work skills in coordinating with the sales teams for business development and meeting needs of a variety of clients hand-in-hand with promoting sales.

Author's Conclusion