Global Specialty Paper Market by Type (Decor paper, Release Liner paper and Packaging paper, Printing paper, and Others), by Raw Material (Pulp, Fillers & Binders, and Additives & Coatings, and Others), by Application (Building & construction and Industrial, Packaging & labeling, Printing & writing, and Others) and by region (North America, Europe, Asia Pacific, Middle East & Africa and South America) is expected to reach US$ XX Bn by 2027, at a CAGR of 8.7 % during a forecast period.
Specialty Paper are widely used to package Building & construction, Industrial products, Health care equipment, etc. Building & construction packaging involves plastic material, which is prone to friction, microbial activities, and moisture. Rise in demand for packaged Building & constructions and rise in investments & funding in Building & construction packaging application by packaging additive manufacturers are driving the Specialty Paper.
The Printing paper segment accounted for the largest share of the Specialty Paper Market in 2017.
The Printing paper segment dominant the largest share of the global Specialty Paper Market in 2017. Printing paper are non-migratory in nature and are used in various packaging applications due to their cost-effectiveness. The demand for printing paper additives is driven by the rising population, increasing disposable incomes, and rising standards of living.
The Packaging & labeling segment dominant the market in the forecast period.
Increasing disposable incomes of the middle-class population globally has resulted into stimulating demand for safe and packaging & labeling and printing & writing, thereby fueling adoption of Specialty Paper. Expected to account for approximately half revenue share of the market, packaging & labeling segment is anticipated to remain the most attractive segment for sales of Specialty Paper.
Europe dominated the Specialty Paper Market in 2017.
The Europe region holds the highest market with a highest CAGR in the market and expected to be dominant through the forecast period. The huge demand for tea bags is increasing at a rapid rate due to tea bags made of specialty paper and the fact that specialty paper is biodegradable acts as the major driver to the growth of the specialty paper market in the region. Asia Pacific region also supposes to witness significant market growth in the foreseen period due to the increasing disposable income, population growth, rapid urbanization, and the growing international trade in the region. North America is likely to be a mature market in which the US holds the largest market share. Other developing economies such as South Africa, China, Russia, Brazil, and India expect to show a healthy market growth in the forecast period. South America expects showing a strong market growth in the foreseen period.
This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading manufactures such as International Paper, ITC Ltd., Stora Enso, Nippon Paper Group, Mondi Plc., Sappi Ltd, Oji Holdings Corporation, Asia Pulp & Paper Co. Limited, Verso Corporation, Potsdam Specialty Paper Inc., Domtar Corporation, Glatfeller, and Sequana. Key players and manufactures are focusing on entering the new market by producing and launching technically advance and cost-effective products in the market. Production capacity expansion, brand portfolio expansion, mergers, collaborations, joint ventures and acquisitions of innovative businesses is the key trend to foot hold and penetrate market.
Maximize market research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for taking in product strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the market. The driving forces, as well as considerable restraints, have been explained in depth. in addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain market positioning of competitors.
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