World News: 13:03 GMT Friday 10th August 2018. [Technavio Research via Businesswire via SPi World News]
Technavio analysts forecast the global paper dyes market to grow at a CAGR of over 4% during the forecast period, according to their latest market research report.
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Technavio has published a new market research report on the global paper dyes market from 2018-2022. (Graphic: Business Wire)
The rise in demand for paper dyes in APAC is one of the major trends being witnessed in the global paper dyes market 2018-2022. The ever-rising demand for paper dyes in APAC can be attributed to the economic and industrial development. factors such as the high growth of the retail and e-commerce sector, the increased demand for paper for packaging and labeling and the rising number of pulp and paper production facilities in the region will contribute to the overall market growth.
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According to Technavio analysts, one of the key factors contributing to the growth of the global paper dyes market is the increased consumption of tissue papers:
Global paper dyes market: Increased consumption of tissue papers
The increasing focus on hygiene is driving the consumption of tissue papers. Toilet paper, facial wipes, paper towels, and paper products for the food service industry will be the key market contributors during the forecast period. The global consumption of tissue papers is expected to increase rapidly throughout the forecast period. The global increase in the per capita GDP of these regions has led to an increase in the demand for tissue papers.
According to a senior analyst at Technavio for research on paints, coatings, and pigments, “The consumption of tissue papers in increasing in developed markets, though at a slow pace, as the per capita consumption in these markets is relatively higher than that of the developing markets. The demand for tissue papers is higher than that of printing papers, writing papers, and coated papers.”
Global paper dyes market: Segmentation analysis
The global paper dyes market research report provides market segmentation by application (packaging and board, writing and printing paper, coated paper, and tissue paper) and by region (the Americas, EMEA, and APAC). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
The packaging and board segment held the largest market share in 2017, accounting for nearly 36% of the market. This application segment is expected to dominate the global market throughout the forecast period.
APAC led the market in 2017 with a market share of nearly 53% of the market share. The market share occupied by this region is anticipated to increase by nearly 2% during 2018-2022.
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Business Wire: 13:03 GMT Friday 10th August 2018
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