Speciality Paper Market Outlook
According to a new report by Expert Market Research titled, “Global Speciality Paper Market Price, Share, Analysis, Report and Forecast 2024-2032″, the speciality paper market reached a volume of 36.17 million metric tons in 2023. Aided by the increasing product demand in the packaging and labelling sector, the market is projected to further grow at a CAGR of 5.5% between 2024 and 2032 to reach a volume of 49.86 million metric tons by 2032.
Speciality paper refers to superior quality paper designed for specific purposes, encompassing products like thermal paper, decorative paper, release liners, and pharmaceutical leaflet papers, among others. These papers often boast enhanced resistance, brightness, printability, and adaptability, lending them perfectly to a myriad of applications. With its wide-ranging properties, the speciality paper has penetrated multiple sectors from packaging and labelling to the printing and publishing industry.
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One pivotal factor propelling the market growth is the increasing demand for sustainable packaging solutions. As environmental concerns continue to support market growth and influence consumer choices, there’s been a noticeable swing towards eco-friendly materials. This transition has augmented the speciality paper market demand, as these papers frequently serve as biodegradable, recyclable alternatives to plastic and other non-biodegradable materials.
In line with sustainability, there has been an escalating trend towards personalised and bespoke packaging. The drive towards unique branding, coupled with a focus on aesthetics and design, has spotlighted the capabilities of speciality papers in delivering top-notch printed outputs. This trend bolsters the speciality paper market growth.
Beyond the realm of packaging and printing, speciality papers have discovered utility in other sectors as well. For instance, the pharmaceutical industry frequently employs speciality papers for leaflets due to their compactness, foldability, and clarity. In the realm of interior design, decorative papers that fall under speciality papers are paving opportunities for their distinctive designs, textures, and durability.
There remains a robust market for printed books, particularly among those who cherish the tactile experience. Speciality papers, renowned for their exceptional print quality, have become a staple in producing high-end books, brochures, and luxury publications, enhancing the speciality paper market size.
Moreover, with the rise of e-commerce and a globalised economy, the shipping of products has witnessed exponential growth. This scenario has necessitated the use of reliable and durable labelling solutions. Cue speciality papers, which have become integral in the crafting of labels that withstand various conditions, from fluctuating temperatures to potential moisture exposure, all while retaining legibility and adhesive qualities.
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The global speciality paper market analysis suggests rapid growth of the market during the forecast period aided by multifaceted applications and an ever-growing demand in sectors ranging from packaging to publishing. With each industry discovering novel uses for speciality paper, it’s evident that this market will continue its upward trend in the foreseeable future.
Speciality Paper Market Segmentation
The market can be divided based on type, raw material, application, and region.
Market Breakup by Type
- Label and Release Papers
- Printing Papers
- Flexible Packaging Papers
- Rolling Papers
- Décor Papers
- Banknotes and Security Papers
Market Breakup by Raw Material
- Fillers and Binders
Market Breakup by Application
- Packaging and Labelling
- Printing and Writing
- Industrial Use
- Building and Construction
- Food Service
Market Breakup by Region
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global speciality paper market. Some of the major players explored in the report by Expert Market Research are as follows:
- International Paper Company
- Stora Enso Oyj
- Nippon Paper Industries Co., Ltd.
- Mondi plc
- Sappi Limited
- ITC Limited
- Domtar Corporation
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