The Global Specialty Paper Market size is estimated to reach USD 36.77 billion from USD 41.49 Billion in 2021, delivering a CAGR of 6.20% through 2030. The market growth is driven by the immense growth in the e-commerce logistics business coupled with technological advancements in the packaging mechanisms equipment.
Specialty papers are ideal for a wide range of applications ranging from paper currency to coffee filters, insulation paper, carbonless copy paper, décor papers, and others. Increasing product applications in e-commerce activities such as storage, transport, and packaging are offering lucrative scope for industry growth. Apart from high-end packaging items, its application includes printing and decorating invitations.
Growing usage of specialty printing papers, cardstock paper, and specialty tissue papers, along with new and innovative solutions offered by the leading industry players, will boost specialty papers market growth. Moreover, the massive consumption of consumer goods supported by the expansion of the e-commerce logistics business will further supplement market revenue share through 2027.
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Top Companies Profiled in the Report:
Michelman Inc, Domtar Corporation, Nippon Paper Group, International Paper, Mondi Plc, Stora Enso, Oji Holdings Corporation, ITC Ltd, WestRock, Fedrigoni, and Asia Pulp Paper Co. Limited, among others.
Some Points on How the Report Benefits Readers:
- Deep-dive analysis of the key drivers, opportunities, and restraints.
- Qualitative and quantitative analyses of the global Specialty Paper market.
- Comprehensive analysis of the key regional markets and their respective revenue CAGRs.
- Precise evaluation of each regional market’s production consumption capacities.
- An overview of the highly competitive environment of the Specialty Paper industry and company overviews.
- Focus on the key strategies implemented by the key market players, such as partnerships, collaborations, acquisitions, new product launches, and various other strategies.
Market Overview:
Key factors providing impetus to the global packaging industry revenue growth are rapidly growing global population, significant rise in demand for consumer goods globally, increasing development of advanced and eco-friendly packaging materials, rising focus on reducing carbon emissions, and introduction of environmentally sustainable packaging solutions and their growing demand in various industries including retail e-commerce, food beverage, consumer electronics, and pharmaceutical. Increasing research development activities for more advanced and environmentally sustainable packaging techniques, the rapid growth of the manufacturing industry, increasing imports exports of consumer goods across the globe, and rise in government investments in the transportation logistics industry and technological advances in cold chain logistics infrastructure are among the other major factors contributing to the global packaging industry revenue growth during the forecast period. According to the report, the global Specialty Paper market is projected to reach a market size of USD 71.24 Billion By 2030, registering a robust revenue CAGR of 6.20% over the forecast period.
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Product Type Outlook (Revenue: USD Billion; Volume: Million Tons; 2019-2030)
- Packaging Paper
- Printing Paper
- Décor
- Release Liner
- Kraft
- Thermal
- Carbonless
- Others
Raw Material Type Outlook (Revenue: USD Billion; Volume: Million Tons; 2019-2030)
- Fillers
- Binders
- Pulp
- Coatings
- Additives
- Others
Application Outlook (Revenue: USD Billion; Volume: Million Tons; 2019-2030)
- Construction
- Printing
- Industrial
- Packaging
- Labeling
- Medical
- Others
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