Global Specialty Paper Market Highlights over 2022-2030
The global specialty paper market is estimated to garner a sizeable revenue by growing at a CAGR of ~8% over the forecast period, i.e., 2022–2030. The growth of the market can be attributed to the growing applications of specialty paper in the packaging industry, construction, printing, and others. Moreover, the growing food & beverages packaging industry which valued over USD 300 billion in 2019, and is anticipated to further grow, backed by raised disposable income and increasing trend for packaged food. This is anticipated to boost the market growth. In addition to this, the increase in the urban population and life style of people are major factors driving the global specialty paper market.
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The global specialty paper market is segmented by material into binders, pulp, fillers, additives, chemicals, and others, out of which, the pulp segment is anticipated to hold the largest share in the market in terms of revenue share during the forecast period as pulp is the major content for making the paper. On the basis of product, the market is segmented into labels, leaflet papers, decor papers, flexible packaging papers and others, out of which, the flexible packaging papers segment is estimated to garner a major share in the market over the forecast period, owing to the increasing use of specialty paper in packaging various products backed by its strength and firmness.
Global Specialty Paper Market Regional Synopsis
Regionally, the global specialty paper market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in Asia Pacific is estimated to witness highest CAGR over the forecast period on the back of increasing demand for packaging material in the region. Growing fast food industry in the region, backed by changing lifestyle, has increased the demand for safe packaging options, such as, food contact paper, which, in turn, is estimated to boost the regional market growth.
The market in the North America region is anticipated to garner a major share over the forecast period, owing to the growing ready-to-cook food industry, which requires specialty paper for packaging the food products. Moreover, raised awareness for the use of paper, instead of plastic for packaging, is also estimated to boost the market growth. As per the data by the U.S. Environment Protection Agency, in 2018, paper containers and packaging amounted to 41.9 million tons of Municipal Solis Waste, out of which, 80.9% waste was recycled. Moreover, increasing use of specialty paper for printing is also expected to boost the market growth.
The global specialty paper market is further classified on the basis of region as follows:
- North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
- Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & 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 & Opportunity Analysis
Market Segmentation
Our in-depth analysis of the global specialty paper market includes the following segments:
By Material
- Binders
- Pulp
- Fillers
- Additives
- Chemicals
- Others
By Weight
- Light paper (up to 169gsm)
- Medium cards (170gsm to 216gsm)
- Heavy cards (217gsm to 284gsm)
- Extra heavy cards (285gsm above)
- Double thick cards
By Product
- Labels
- Leaflet Papers
- Decor Papers
- Flexible Packaging Papers
- Others
By End-User
- Packaging
- Printing
- Construction
- Others
Growth Drivers
- Increasing Uses of Specialty Paper
- Growing Use of Paper in the Packaging Industry
Challenges
- Threat of Deforestation in Making Paper
- High Cost of Raw Material
Top Featured Companies Dominating the Market
- Mondi plc
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Stora Enso Oyj
- Nippon Paper Industries Co., Ltd.
- Asia Pulp & Paper Group (APP)
- Seaman Paper Co.
- SCG Packaging Public Company Limited
- Pudumjee Paper Products Limited
- BPM Inc.
- KRPA Holding
- Nordic Paper
