The global specialty paper market size is expected to reach USD 36.4 billion by 2025, expanding at a CAGR of 4.1% over the forecast period. The increasing demand for packaging and labeling of delivery products has increased and is projected to increase rapidly over the forecast period due to an increase in home delivery services. Consumer products are the fastest-growing segment and account for the largest share of the e-commerce industry. This, in turn, is rising the consumer demand as packaging and labeling is the main revenue-generating segment of the global specialty paper industry.
The constantly growing e-commerce sector, along with the booming consumer goods industry, is fueling the global specialty paper market growth. Online shopping is driven by consumer products requiring packaging and marking while being shipped, thus fueling the rise of the global economy. Kraft paper is expected to witness the fastest CAGR of 5.0% in terms of revenue during the forecast period. The increase in demand for food packaging in emerging economies and the development of retail infrastructure are driving this segment.
Specialty Paper Market Report Highlights
• On the basis of product, the decor paper held the largest market in 2018. The dominance can be attributed to its wide range of applications in flooring, paneling, and furniture surfaces.
• Kraft paper is anticipated to expand at the fastest CAGR of 4.9% in terms of volume over the forecast period.
• On the basis of application, the printing and publishing segment held the largest application market share. This is due to the usage of specialty paper in currency, security papers, cheque paper, and postage stamps.
• With the recent outbreak of COVID-19 and the temporary shutdown of businesses across the world owing to the state of lockdown, the manufacturers of the specialty paper market faced disruption in the supply chain. However, with the ease in lockdown and businesses opening up and rise in footfall, an upward trend can be noticed in the global market.
• In October 2020, UPM Specialty Papers has launched UPM Solide, a new family of food-safe kraft papers that are recyclable in regular paper recycling streams. UPM Solide is a new translucent paper that offers a great alternative to plastics even on fast packaging lines.
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Specialty Paper Market Segmentation
Grand View Research has segmented the global specialty paper market on the basis of product, application, and region:
Specialty Paper Product Outlook (Volume, Million Tons; Revenue, USD Billion, 2015 – 2025)
• Décor
• Thermal
• Carbonless
• Kraft
• Others
Specialty Paper Product Outlook (Volume, Million Tons; Revenue, USD Billion, 2015 – 2025)
• Packaging & Labeling
• Printing & Publishing
• Building & Construction
• Industrial
• Others
Specialty Paper Regional Outlook (Volume, Million Tons; Revenue, USD Billion, 2015 – 2025)
• North America
• U.S.
• Europe
• Germany
• The U.K.
• Asia Pacific
• China
• India
• Central and South America
• Middle East & Africa
List of Key Players of Specialty PaperMarket
• Domtar
• Glatfelter
• Mondi
• Fedrigoni
• International Paper Company
• Nippon Paper
• Stora Enso
• Robert Wilson Paper Corporation
• Griff Paper
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