Specialty Papers Market was expected to project at a volume of USD 15,825.40 million by 2030 and at a CAGR value of 5.40% during the period of 2021-2030.

Top Drivers and Primary Barriers

Specialty papers are in great demand across multiple industries, given the benefits they offer, including lower weight, high resistance to contamination, better performance, boosting the shelf life of the product and facilitating seamless handling during transportation. An expansive application range such as bags, pouches, paper based flexible packaging and wrapping is considered to be a chief growth booster in the specialty papers market. The market is concentrated with established companies and observes the introduction of the latest technologies, which helps it grow significantly across the globe. However, the recent outbreak of COVID-19 has led to economic downfall, proving to be worrisome for the leading participants in the specialty papers market. Therefore, a number of players are vying to explore areas that can work in their favor and also help them curb revenue loss, with one of them being the effective strategy of mergers and acquisitions.

The rising use of electronic labels such as NFC technology and QR code for facilitating security and anti-counterfeit by authentication is also pushing the uptake of specialty papers. These types of applications are gaining favor among brand owners as well as merchants, as the need to protect against counterfeit goods is quite high. Also, with the rising utilization of mobile applications, consumers are able to take a quick scan of the label to identify genuine goods. These labels are made out of specialty paper, which works in favor of the global market.

The growing prevalence of online shopping across developed and emerging regions can also induce prominent market growth in the years ahead. Moreover, the soaring demand for specialty paper in the food & beverages industry can also positively influence the market during the evaluation period.

Market Segmentation

The specialty papers industry has been dissected on the basis of segments like application, raw material, and type.

The application-wise segmentation of the market comprises industrial, building & construction, printing & writing, packaging & labeling, and others.

The raw materials outlined in the market study are pulp, fillers & binders, additives, and others.

The types of specialty papers are release liner paper, flexible packaging papers, décor paper, printing paper, masking tape, and others.

Regional Insight

The regional segregation of the market for specialty papers consists of North America, Asia Pacific or APAC, Europe, and the rest of the world or RoW.

Europe has taken the lead in the global market for specialty papers, largely owing to the thriving food & beverages sector in the region. The region is a significant contributor to the worldwide market revenue, dominated by countries like Germany, France, the United Kingdom (UK), and Spain. The top trend prevalent in the regional market is the growing focus on sustainable development of specialty paper like lightweight and special performance coating and water-based barrier coating. More and more companies in the region are into research and development activities to enhance the quality of specialty paper, which helps draw in higher number of consumers.

Over the next few years, the APAC market can likely attain the fastest growth pace, with the lead taken by countries such as India, Japan and China. The flourishing online shopping industry along with the strong presence of paper processing framework benefits the regional market. The rapidly prospering economy of several countries within the region also induces market growth.

The North American market is a strong contender, given the well-established industrial sector and the presence of highly developed nations like the United States of America (USA) as well as Canada. The busy lifestyles of the people and the expanding aging population help boost the demand for specialty paper in packaging, medical and food service applications. In addition, the favorable financial conditions in the region also work wonders for the specialty papers market in the region.

Leading Players

Leading market players identified in the market study are Robert Wilson Paper Corporation (USA), Domtar Corporation (Canada), Nippon Paper Group, Inc. (Japan), Kanzaki Specialty Papers Inc. (USA), Griff Paper and Film (USA), Sappi Limited (South Africa), Munksjo Corporation (Sweden), Mondi Plc (Austria), International Paper Company (USA), Stora Enso Oyj (Finland), to name a few.

Global Specialty Papers Market Research Report – Forecast to 2023

The rise in online shopping preferences is motivating the specialty paper market. Reports that investigate the construction industry have been presented by Market Research Future, which produces reports on industry verticals that appraise the market expansion and prospects. The market is on the precipice to attain an earning of USD 28.73 billion while developing at a CAGR of 5.7 % in the forecast period.

The intensifying demand for food and beverage has risen significantly due to a growing global population base, which is beneficial to the specialty paper market. The shift in demand from plastic packaging to specialty paper is increasing substantially due to the negative impact plastic has on the environment.

Segmental Analysis

The segmental assessment of the specialty papers market is carried out on the basis of raw material, application, type, and region. Based on the types, the specialty paper market is segmented into printing paper, décor paper, release liner paper, flexible packaging papers, masking tape, and others. Based on the raw materials, the specialty paper market is segmented into pulp, additives, fillers & binders, and others. Based on the applications, the market for specialty paper is segmented into building & construction, printing & writing, packaging & labeling, industrial, and others. The regions counted in the specialty paper market are North America, Europe, Asia Pacific, and the rest of the world.

Detailed Regional Analysis  

The region-based scrutiny of the specialty paper market consists of regions such as North America, Europe, APAC, and the rest of the world. The European region runs the specialty paper market internationally, principally due to the progress in the food & beverages sector. The European region is anticipated to add significantly to the market’s development during the forecast time period. The APAC region is anticipated to develop at the fastest pace all over the forecast period. The expansion related to urbanization and industrialization in this region, are the primary factors that are growing the demand for the specialty papers market.

Competitive Analysis

The advance in the mining of natural resources is additionally sustaining market expansion. The development of alternate raw material assets is likely to further focus on the supply demands in the market. The advancement in the effectiveness of production amenities is strengthening the market’s expansion pace in the approaching years. Also, innovations in technology are projected to apply a productive stimulation on the enrichment of the market. The control of governmental plans on the market is inspiring further evolution of the market. The revolutionizations carried out in the logistic chain are anticipated to create encouraging possibilities for growth in the approaching period. The global currencies are envisaged to become steady, and as a result place exert a gainful impact on the market. The revival of investment inflow of capital is projected to add force to the market’s escalation in the forecast period. The market is being highlighted by the active forces that are exerting an impressive influence.

The strategic companies in the specialty papers market globally are Mondi Plc (Austria), Kanzaki Specialty Papers Inc. (U.S.), Sappi Limited. (South Africa), Munksjo Corporation (Sweden), Domtar Corporation (Canada), Stora Enso Oyj (Finland), Nippon Paper Group, Inc. (Japan), International Paper Company (U.S.), Robert Wilson Paper Corporation (U.S.), and Griff Paper and Film (U.S.).

Industry Updates:

Sep 2019 Mitsubishi HiTec Paper is slated to launch a barrier paper for flexible food packaging and silver gloss inkjet paper at an expo in the European region. The innovative products are among the company’s top range of coated specialty papers for the packaging and label markets, together with Jetscript inkjet papers, thermoscript thermal papers, and Supercote cast-coated label papers.

Blogs:

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Specialty Papers Market To Be Bolstered By Innovation In Product Quality

Global Specialty Papers Market Research Report – Forecast to 2023

The rise in online shopping preferences is motivating the specialty paper market. Reports that investigate the construction industry have been presented by Market Research Future, which produces reports on industry verticals that appraise the market expansion and prospects. The market is on the precipice to attain an earning of…