The study investigates the forced nonlinear vibration characteristics of an axially moving printing paper web with variable density in the lateral direction. The nonlinear governing equations of the web can be obtained by the von Karman large deflection thin plate theory. The vibration equations are discretized using the Bubnov–Galerkin method. The fourth-order Runge–Kutta technique is used to solve the differential equations of the nonlinear system. The phase-plane diagrams, time histories, bifurcation graphs, Poincare maps, and power spectrum are employed to analyze the influence of density coefficient, velocity, and aspect ratio on the nonlinear dynamic behavior of the moving paper web. The stable working region and the divergence instability region of the web are obtained. The research provides a theoretical foundation for improving the dynamic stability of a moving paper web.