Global Specialty Paper Market to Attain a CAGR of ~8% During 2022-2030; Increasing Use in Packaging Industry to Boost the Market Growth

Research Nester published a report titled “Specialty Paper Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of the global specialty paper market in terms of market segmentation by material, weight, product, end-user, and by region.

Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.

The market is anticipated to attain a CAGR of ~8% over the forecast period, i.e., 2022-2030. The market is segmented on the basis of material into binders, pulp, fillers, additives, chemicals, and others, out of which, the pulp segment is estimated to generate largest revenue owing to the large amount of pulp used to manufacture 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 projected to gain a major share during the forecast period, on the back of growing use of paper in the packaging industry.

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The market is estimated to grow on the back of increasing applications of specialty paper in various end-user industries, such as, printing, packaging, and others. The growth in the end-user industries is estimated to positively impact the growth of the market. For instance, the food and beverages packaging industry valued around USD 300 billion in 2019, and is projected to further grow, which is estimated to boost the market growth.

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 the Asia Pacific region is estimated to experience growth at the highest CAGR over the forecast period owing to the growing packaging industry backed by increasing consumption of packaged food and beverages in the region. Moreover, changing lifestyle and raised demand for safer packaging solutions is estimated to boost the market growth. The market in the North America is estimated to hold the major share owing to the growing awareness among people regarding the use of paper for packaging instead of plastic. The U.S. Environment Protection Agency, stated that the paper packaging material amounted to 41.9 million tons of Municipal Solid Waste. Out of this, 80.9% paper waste was recycled, making it an eco-friendlier alternative to plastic.

Growth in the Packaging Industry to boost the Growth of the Market

The growing trend of using paper for packaging food & beverages, is estimated to increase the demand for specialty paper in the packaging industry. The growing demand for packaged food items, is estimated to, in turn, promote the growth of the global specialty paper market.

However, environmental concerns, such as deforestation, along with high cost of raw material, are expected to operate as key restraint to the growth of the market over the forecast period.

This report also provides the existing competitive scenario of some of the key players of the global specialty paper market which includes company profiling of Mondi plc, 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, and Nordic Paper. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global specialty paper market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future. 

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