Specialty papers are manufactured or transformed for a specific use. These papers are either produced separately or as a regular paper and then transformed into specialty paper by covering it with pulp chemicals thus making it ready for special application. The basic use of specialty papers can be found in packaging high-end products, printing invitations and wrapping on external surface of various items (decor papers) and cardboards.
The global specialty paper market was valued 24,323.5 KT in 2015 and is forecasted to reach 34954.3 KT in the year 2021, registering a compound annual growth rate (CAGR) of 7.25%.
By Raw Material
On the basis of raw material the global specialty paper market is segmented as follows:
By Product Type
On the basis of product type the global specialty paper market is segmented as follows:
By End User
On the basis of end user the global specialty paper market is segmented as follows:
By Paper Thickness by weight
On the basis of paper thickness by weight the global specialty paper market is segmented as follows:
On the basis of region the global specialty paper market is segmented into
Growth Drivers and Challenges
The global specialty paper finds its application in a number of industries. Therefore, the global specialty paper market would see a continuous growth in coming years (if one industry experiences a slow growth, the other one supports in keeping the viability of global specialty paper market). Further, label and packaging industry found almost 43% application of global specialty paper.
In addition to this, the increase in the urban population and life style of people are major factors driving the global specialty paper market. In addition to that, increase in the disposable income of population around the globe is anticipated to pull the demand for specialty paper in the coming years.
The carbon emission during the process of producing specialty paper and the increasing rate of deforestation are the major challenges for the global specialty paper.
Rise in the technology adoption (e-technology) is yet another reason to dampen the growth of specialty papers; peoples are using electronic way of communication which might be a major constraint for the global specialty paper market. High cost of raw material is another factor which could restrain the growth of global specialty paper market in the forecasted year.
Market Size and Forecast
In North America, the U.S has largest market share across the globe in term of volume and value also. Currently, the North America specialty paper market is accounted 31% and it is anticipated grow in the forecasted years.
Geographically, Europe is the dominant region around the world. The Europe specialty paper market share is 36% in the year 2016 and is projected to rise in the coming years.
Asia pacific is anticipated to grow at the faster rate because rising demand of packaging and increasing awareness among people. Asia pacific specialty paper market accounted 30% in the year 2016.
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