The ‘Global Speciality Paper Market Share, Price, Trends, Growth, Analysis, Key Players, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global speciality paper market, assessing the market on the basis of its segments like types, raw materials, applications, and major regions.
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
Speciality Paper Market Share, Size, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
• Forecast CAGR (2023-2028): 5.5%
The thriving paper industry is driving the demand for speciality papers. Highly versatile, speciality papers generate high revenue due to their low volume and high margin advantage. In addition, these papers offer superior colour quality, high strength, and great performance. The increasing application of speciality papers in banknotes and security papers, overlay papers, labels and release papers, and thermal printing papers, among others, is driving the global speciality paper market.
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Speciality paper is also used in large buildings for wallpapers or banners, due to which the flourishing advertising industry is propelling the demand for speciality papers. Meanwhile, speciality papers are crucial in the electricals and electronics industry as they are used to manufacture electrical papers which are further used to produce cable papers, and capacitor tissues, among others. Hence, technological advancements in the electricals and electronics industry are generating a significant demand for speciality papers.
Moreover, speciality paper is crucial in the packaging and labelling sector which is likely to thrive in the forecast period due to the increasing demand for premium packaged FMCGs.
Speciality Paper Industry Definition and Major Segments
Speciality paper is a type of paper which has a coating added to it. The speciality paper also contains silicone on both sides and performs special functions across various end use industries. These papers offer unique properties such as high rate of absorption, excellent barrier properties, and wet strength, among others. The special use of the product in various end use industries is driving the speciality paper market.
Based on type, the market can be segmented into:
• Label and Release Papers
• Flexible Packaging Papers
• Printing Papers
• Rolling Papers
• Banknotes and Security Papers
• Décor Papers
On the basis of raw material, the market has been classified into:
• Fillers & Binders
The significant applications of the product include:
• Packaging and Labelling
• Industrial Use
• Printing and Writing
• Food Service
• Building and Construction
On the basis of region, the market can be categorised into:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
Speciality Paper Market Trends
The key trends in the global speciality paper market include the flourishing packaging sector owing and increasing demand for speciality papers to transport goods safely from one place to another. Meanwhile, stringent regulations of governments worldwide aimed towards curbing the use of plastic is expanding the market opportunities, because speciality paper is an effective alternative to plastic.
The prospering building and construction industry is another crucial trend in the market, as speciality papers are used in buildings to provide structural stability and high aesthetic appeal. Over the forecast period, rapid urbanisation and increasing investments towards the development of residential and commercial complexes are likely to boost the global speciality paper market. Advancements in end use industries of the product are anticipated to enhance the customer expectations which in turn are expected to increase the product innovations in the forecast period.
The market for specialty paper is likely to prosper across regions such as the Asia Pacific owing to the burgeoning packaging industry. The high population and smooth domestic trade across emerging economies such as India and China are major driving factors of the market.
Key Market Players
The major players in the speciality paper market report are
- International Paper Company
- Stora Enso Oyj
- Nippon Paper Industries Co., Ltd.
- Mondi plc
- Sappi Limited
- ITC Limited
- Domtar Corporation
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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