Billing Paper Market Remains Afloat Amid Covid-19 Pandemic, To Surge Positively, Projects FMI 2022 2031
According to Future Market Insights (FMI), the global sales of billing paper market is expected to surpass US$ 1489.8 Mn by 2031. Billing-cum-invoice paper allows for multiple copies to be made of a document. Increasing application of billing papers as invoice and transaction receipts in the businesses and e-commerce sector is driving the demand. On the back of this, the market is poised to expand at 6% CAGR between 2021 and 2031. As companies in the industrial sector are increasingly becoming conscious towards the hazardous effect of carbon paper on environment, demand for sustainable and carbon-less billing paper have burgeoned. Also, expansion of e-commerce and retail sectors across India, China, and the U.S. is expected to increase the sales of billing paper. Sales of billing paper witnessed moderate growth during the FQ-20 owing to the unprecedented outbreak of COVID-19. While disruption of supply-chains due to global lockdown hampered the sales, adoption of eco-f...