Crepe Paper Market Size, Share, Growth, and Industry Analysis, By Type (insulating crepe paper and colored crepe paper), by application (transformer, decoration products, DIYs and medical) and regional forecast to 2032

CREPE PAPER MARKET REPORT OVERVIEW

 The global crepe paper market size was USD 696.88 million in 2024 and the market is projected to touch USD 733.6 million by 2032, exhibiting a CAGR of 1.3% during the forecast period.

Crepe paper is a crinkled paper or paper with wrinkled texture. The crepe paper market is about manufacturing and distribution of crepe paper. It is majorly used for decorations, crafts and packaging. Crepe paper is also used in medical industry in surgical drapes or sterilization wraps. Crepe paper is used by various individual consumers to work on their hobbies, commercial entities such as event managers and industrial users. Now demand for environmentally sustainable and biodegradable crepe paper is increasing. Increasing popularity for DIYs and craft activities, party and event décor are driving market.

COVID-19 IMPACT: supply chain disruptions and demand fluctuations lead to increased e-commerce sales and changes in market dynamics

Due to lockdown in many countries, may companies and manufacturers faced problems such as delayed procurement of raw materials and production. Supply chains were disrupted and there were fluctuations in demand. The demand for crepe paper increased in the medical field for masks and PPE kits. On the other hand, demand for decorative crepe paper decreased due to restrictions on public gatherings and changes in consumer spending patterns. As the market conditions remained uncertain, it affected the investment decisions and market strategies. As the physical shops were restrained, the sales through e-commerce took off.

LATEST TRENDS

"Increasing demand for eco-friendly crepe paper drives innovation"

The demand for sustainable and eco-friendly crepe paper and products is increasing. The focus is on avoiding causing environmental damage. The consumers want it and the manufacturers are focusing of providing that. The manufacturers are bringing new designs, textures and patterns which are attracting decorators and craft enthusiasts. During the COVID-19 lockdown, as shops were shut down the demand shifted and purchasing from e-commerce platforms was preferred by the consumers.

CREPE PAPER MARKET SEGMENTATION

By type

Based on type the global market can be segmented into insulating crepe paper and colored crepe paper.

• Insulating crepe paper: it is used in electrical appliances for insulation purposes. It provides thermal and electrical insulation
• Colored crepe paper: it is used for decorations and in crafts, available in wide variety of colors and textures.

By application

Based on application the global market can be segmented into transformer, decoration products, DIYs and medical.

• Transformer: used in electrical industry for insulation in the transformers
• Decoration products: used for decorations in events, parties, weddings and festivals
• DIYs: popularly used in DIYs by craft enthusiasts in making artistic projects
• Medical: used in medical applications to sterilize medical applications, ensuring hygiene and healthcare

DRIVING FACTORS

"Growing demand for art and craft products drives market"

Doing something related to art or some craft is relaxing and a great hobby. Interest for it has increased even more during the COVID-19 times as there was free time to invest in personal interests. The consumers want to DIY things and experiment. As craft is gaining popularity crepe market is growing widely.

"Expanding event and decoration industry increases demand for supplies"

The demand for decorations in events and parties is growing. The consumers want excessive decorations and of varied designs. Crepe paper is used on a large scale in decorations for birthdays, parties, weddings and festivals. As the event management industry is growing it is contributing to sustaining demand for crepe paper products as well.

"Increasing disposable income and changed consumer spending habits give rise to market"

The level of disposable income in households is increasing. And now the consumers wish to spend on the decorations of their choice. Hence increasing demand for crepe paper products in decorations and craft. The increasing spending capacity supports market growth, even more in developing regions and urban areas.

RESTRAINING FACTORS

"Fluctuations in raw materials hinder market growth"

The prices of raw material used in crepe papers continue to fluctuate. The cost of wood pulp used to make these pieces of decoration and craft is continuously varying. It may lead to increasing cost of manufacturing and may affect the profit margins.

CREPE PAPER MARKET REGIONAL INSIGHTS

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.

"North America holds a substantial position due to varied reasons"

Crepe paper products are used in North America for various reasons. Even in industrial applications, mainly electrical and electronic sector crepe paper is widely used. It is used in insulation materials, motors and cables. Crepe paper is extensively used for party, wedding and corporate event decorations as well in the region. In healthcare sector crepe paper is used in medical applications, including surgical drapes and sterile packing. The well-established healthcare sector of North America provides steady demand for crepe paper market share.

KEY INDUSTRY PLAYERS

"Key players stay in the market due to continuous innovations"

The key players hold a significant place in the crepe paper market due to several factors. To begin with, these companies have large scale manufacturing capacities. It allows these companies to manufacture crepe paper in large quantities along with maintaining high quality standards. The key players never refrain from heavily investing in research and development. It enables them to keep up with the competition and driving innovation in new designs and sustainability. This allows the key players to meet the consumers demands for industrial insulation, decorative options in crafting or medical use.

The key players make strategic networks and partnerships which enables them to penetrate deep into the market and establish dominance. The key players understand the changing requirements of the market time and again and make necessary improvements as and when required.

Key industry players profiled

• F.I.L.A. Group (Italy)
• Safepack (India)
• Cartotecnica Rossi (Italy)
• Seaman Paper (United States)
• Cindus Corporation (US
• Ahlstrom (Finland)
• Anhui Tianrun (China)

INDUSTRIAL DEVELOPMENT

March 2024: Seaman paper is a globally leading supplier of lightweight paper. This company has been working on expanding their presence in the crepe paper market. Very recently the company announced development of eco-friendly crepe paper products. These are specially designed to meet the increasing demand for sustainable and biodegradable packaging options. Recycled material and innovative procedures will be used to make these products.

REPORT COVERAGE

The report gives a comprehensive swot analysis of the global crepe paper market. It discusses current market size and forecasted market size and expected CAGR. The presents the crepe paper market segmentation on basis of type and application. An analysis of latest trends, new developments, driving factors of the market and retraining factors is made. Also the regional insights and key players are detailed.