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PACKAGING

Global Specialty Paper Market Analysis & Opportunity Outlook 2021

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Extensive insights into the Growth of Specialty Paper Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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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%.

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. CLICK TO DOWNLOAD FREE SAMPLE REPORT

Market Segmentation

By Raw Material

On the basis of raw material the global specialty paper market is segmented as follows:

  • Binders
  • Pulp
  • Fillers
  • Additives
  • Others (fibers and chemicals)

By Product Type

On the basis of product type the global specialty paper market is segmented as follows:

  • Release & Labels
  • Pharmaceutical Leaflet Papers
  • Decor Papers
  • Flexible Packaging Papers
  • Others (automotive, kitchen worktops, and abrasive backings)

By End User

On the basis of end user the global specialty paper market is segmented as follows:

  • Packaging
  • Labels
  • Construction
  • Printing
  • Food service
  • Industrial
  • Others

By Paper Thickness by weight

On the basis of paper thickness by weight the global specialty paper market is segmented as follows:

  • Light paper up to 169gsm
  • Medium cards 170gsm to 216gsm
  • Heavy cards 217gsm to 284gsm
  • Extra heavy cards 285gsm & up
  • Double thick cards

By Region

On the basis of region the global specialty paper market is segmented into

  • North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis

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.

Key Players

  • Mondi Plc
  • Oji Holdings Corporation
  • Nippon Paper Group
  • Asia Pulp & Paper Co. Limited
  • Domtar Corporation
  • Sappi Limited
  • Stora Enso
  • International Paper

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