The global billing paper market is poised for significant growth over the next decade, according to the latest report by Future Market Insights (FMI). Valued at USD 897.1 million in 2023, the market is projected to expand at a steady compound annual growth rate (CAGR) of 5.9%, reaching a total valuation of USD 1,536.5 million by 2033.
The increasing adoption of point-of-sale (POS) terminals and credit card terminals, particularly in the retail sector, is driving demand for billing paper. As digital transactions become more prevalent, businesses are increasingly relying on reliable billing paper to ensure smooth and accurate transactional processes.
In addition, the banking sector’s growing demand for thermal paper is expected to further fuel market growth during the forecast period. Thermal paper’s reliability, efficiency, and cost-effectiveness make it a preferred choice for printing receipts and records in banking and financial institutions.
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Billing Paper Highly Sought-after in Corporate Offices Amid Growing Demand for Reliable Document Processing
The demand for billing paper is surging as corporate offices continue to prioritize reliable and efficient document processing. With a growing emphasis on accurate record-keeping, invoicing, and financial reporting, businesses are increasingly turning to high-quality billing paper to support their operations.
This trend is driven by the need for enhanced print clarity, durability, and compatibility with a wide range of office printers. Corporate offices handling high volumes of invoices and receipts rely on specialized billing paper that ensures seamless printing and long-lasting documentation, reducing the risk of errors and wear over time.
Moreover, the push toward eco-friendly office supplies has prompted suppliers to introduce recyclable and sustainable billing paper solutions, further propelling market growth. As the corporate world continues to embrace digital transformation, the blend of digital and physical documentation remains critical for many sectors, making billing paper a key component of office supply chains.
Key Takeaways From the Billing Paper Market Report
- The U.S. captured 15.3% of the global market, reaching a valuation of USD 132.8 million in 2022.
- Germany held a 5.7% market share, with a market value of USD 49.8 million in 2022.
- India is projected to dominate the market, accounting for a substantial 50% value share during the forecast period.
- China’s market is expected to grow at a compound annual growth rate (CAGR) of 7.16% over the forecast period.
- Australia’s market contributed 0.9% of the total market, with a valuation of USD 8 million in 2022.
- The 2-part NCR paper segment is on the rise, anticipated to capture approximately 35% of the market share by 2033.
- The 40 to 100 GSM segment is forecasted to lead sales, representing about 60% of the market during the forecast period.
Competitive Landscape
Billing Paper Market: Profitable Partnerships and Strategies
Companies in the billing paper market are looking for acquisitions and strategic alliances with other manufacturers.
- On April 5, 2021, Pixelle Speciality Solutions announced two key investments to broaden its product line. Appvion Operations Inc. sold the business of secure papers and carbonless rolls to the corporation.
- On March 31, 2021, Pixelle Speciality Solutions bought Veritiv Corporation’s roll source specialty paper business.
- Koehler Paper Group and Clarus Films GMBH formed a cooperation in the small roll business on September 10, 2021. Koehler Paper’s strategic alliance enabled them to investigate and enter a new market with a new partner.
Key Players
- Koehler Paper Group
- Pixelle Specialty Solutions
- Mitsubishi HiTec Paper Europe GmbH
- Krpa Holding CZ, A.S.
- Nekoosa Coated Products, LLC
- KDM Enterprises
- Asia Pulp & Paper (APP) Sinar Mas.
- Yulu Paper Industry Co.,Ltd
- Jinyi Paper Co., Ltd.
- VistaCoat
- Double Tree Paper Industry Group Co.,LTD
- Gold Huasheng Paper (Suzhou Industrial Park) CO., Ltd Inc.
- Xiandai Paper Production
- Surya Coats Private Limited
- Shandong Sincere Paper Co., Ltd.
Billing Paper Market: Key Segments
By Paper Type:
- 2 Parts NCR Paper
- 3 Parts NCR Paper
- 4 Parts NCR Paper
- 5 Parts NCR Paper
By Basis Weight:
- Up to 40 GSM
- 40 to 100 GSM
- Above 100 GSM
By Application:
- Institutional
- Educational
- Business
- Households
By Region:
- North America
- Latin America
- Europe
- Middle East and Africa (MEA)
- East Asia
- South Asia
- Oceania
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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