Paper Pigments Market Size

Paper Pigments Market size was valued at USD 18.79 billion in 2024 and is expected to reach USD 33.4 billion by the end of 2037, expanding at around 4.7% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of paper pigments is assessed at USD 19.48 billion.

The growth of the market can be attributed to the increased consumption of paper and paper products. Recently, it was estimated that global consumption of paper totaled 400 million tons in 2020. This figure is projected to rise in the next decade with the consumption value at around 470 million tons by 2031. The increasing use of paper in various industries including the packaging industry. The restriction from the government over plastic usage increased the use of paper for packaging goods and products. Paper is an eco-friendly product and can be disposed of easily as it does not harm the environment even after combustion.

The recent industrialization has led to an increment in the utilization of paper across various industries. Owing to its advantages such as improving the appearance of color and insolubility. Thus, the large production of paper for various purposes is estimated to expand the paper pigment market size in the forecast period. In 2022, it was anticipated that approximately 300 million tons of paper are produced across the world every year. The growing number of educational institutions, land dealings, and medical sectors is also estimated to boost the market growth. The market growth is also attributed to the increasing finance sector during the forecast period.