As per a new report for Future Market Insights (FMI), demand for inlay papers is projected to surge by US$ 296.2 Mn in 2033 from US$ 173.4 Mn in 2023. The Inlay Paper Industry is anticipated to witness growth at a CAGR of 5.5% in the next ten years from 2023 to 2033.
RFID inlays and tags are widely used in shipping and logistics because it is the best low-cost solution available for identifying goods. The retail industry is set to acquire a large portion of the market for inlay paper because of digitalization of information related to numerous products.
Inlay paper is becoming more popular in the digital world due to digital transformation happening all over the world. Radiofrequency identification inlays are gaining traction in the market as many manufacturers are producing RFID inlays with multiple designs integrated with different materials suitable for various industrial and retail applications.
Retail products are expected to be tagged with an RFID inlay tag or label, and the product details are likely to be saved in the chip, which is gathered by scanning products. All these applications due to digitalization are creating new growth opportunities for the inlay paper market.
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How Big is the Opportunity for Inlay Paper Manufacturers in New Zealand?
Rising Number of International Visitors in New Zealand to Spur Inlay Packaging Demand
The New Zealand Inlay Paper Industry is anticipated to grow 1.5 times the current value from 2023 to 2033, finds FMI. Statistics put forward by Stats NZ Tatauranga Aotearoa (New Zealand Government) showcase that monthly overseas visitors’ arrival in New Zealand from 2012 has been continuously increasing.
In December 2019, it was at a peak, and nearly 528,219 actual monthly visitors were recorded in the same year. In the year 2022, tourism started gaining pace as per the data. The number of monthly visitors in July 2022 was 134,175 and in March 2022, it was the highest, i.e. 28,624. Thus, New Zealand is estimated to augment sales of inlay paper in the forecast period.
USA Witnessing Sky High Inlay Papers Demand
Inlay Sheets Demand to Surge across the USA Amid Requirement of RFID-tagged Passports
The USA is expected to hold around 82% of the North American Inlay Paper Industry share by the end of 2023 with increasing use of these papers for RFID applications. According to Pew Research Center (PRC), the number of the USA citizens traveling internationally per month was in the range of 6 to 10 million between 2019 and 2020. The pandemic affected the count of international travelers from the USA.
But after controlling the situation, around 3 million American citizens traveled internationally in the year 2021. This data shows that the number of USA citizens traveling internationally is set to be increasing in the next ten years. It will fuel demand for RFID-tagged passports for saving information related to the passport-holding person. Thus, the USA is considered the most attractive market for inlay papers.
Country-wise Insights
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Major Players:
- Lahnpaper GmbH
- HID Global Corporation
- Avery Dennison Corporation
- Alien Technology, LLC
- Smart Packaging Solutions N.V
- Arizon RFID Technology Co.
- Tageos
- Invango Information Technology Co. Ltd
- Zebra Technologies Corporation
- Shenzhen DTB RFID Co., Ltd.
- Metalcraft Inc.
- Paragon Group Limited
- Barry-Wehmiller Companies
- PPG Industries Inc.
- Linxens
- Sappi Global
- Dipole
- D&H Smartid Co., Ltd.
- Identiv, Inc.
- Zhejiang Junmp Technology Inc. Ltd.
Inlay Paper Market Outlook by Category
By Material:
- Synthetic Paper
- Recycled Paper
By Product Type:
- Wet Inlay Paper
- Dry Inlay Paper
By End Use:
- Retail
- Stationery
- Banking
- Logistics & Transportation
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Middle East & Africa
- Oceania
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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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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