Specialty Paper Market: Global Industry Analysis and Forecast (2024-2030)

Specialty Paper Market was 27.28 Metric Tonne in terms of volume in 2023. Global Specialty Paper Market volume is estimated to grow at a CAGR of 2.19%.
Specialty Paper Market Overview:
Specialty Paper refers to a special grade of paper with specific properties and characteristics is referred to as specialty paper. It is especially used for specific tasks including printing money notes, packaging beverages, and water filtration, among others. Specialty paper offers higher moisture retention, pH levels, and hygiene, which is suitable for packaging materials in the food and beverage, and cosmetics industries.

For example, thermal paper is a type of specialized paper with a coating that produces a clear and high-definition image when heated. Specialty paper is widely used in a variety of industries including healthcare, laundry care, packaging and labeling, retail, and construction.To know about the Research Methodology:- Request Free Sample Report
Specialty Paper Market Dynamics:
Specialty paper is used in a variety of end-use industries besides printing and writing, such as packaging and building and construction. Non-reactive, temperature resistant, waterproof, attractive, colorful, and lightweight features of specialty paper have helped it to gain favor in the packaging industry. Also, a growing trend of decorative interiors has uplifted specialty paper sales in the construction industry.

The building and construction industry has experienced significant growth in developed and developing countries across the globe. The Masking tapes, made from specialty paper are commonly used for designing, painting, and marking, in the construction industry. The growth in infrastructure development and construction projects has resulted in a significant increase in demand for masking tapes, which is expected to drive the specialty paper market growth throughout the forecast period.

The growing demand for packaged food products is rising significantly, thanks to the growing urban population along with rising per capita income and changing lifestyles across the globe. The growing consumption of packaged food products is boosting the demand for specialty paper, which is widely used in the foodservice industry for packaging prepared products. For example, according to Just Eat PLC, takeaway household expenditure in the United Kingdom, was expected to reach US$ 15.12 billion by 2023, which in turn, is expected to uplift the specialty paper market growth through the forecast period.

The molecular structure of specialized paper makes it possible to create fresh product alternatives, which are custom-built to the needs of end customers. Nanomaterial in specialized papers also makes them appropriate for a variety of by-products from the paper. The biodegradable properties are expected to offer a profitable potential for all industry participants in the undeveloped region across the globe. Also, with a growing focus on sustainability, specialty paper such as glassine paper is expected to see significant growth in demand throughout forecast period.

Manufacturers are engaged in several research and development activities to launch new products in the market with the most up-to-date technology, which may meet a variety of consumer requirements along with the launching of new and advanced property-based raw materials, which is expected to assist manufacturers in creating unique and strong packaging and decoration paper, are driving the product demand. For example, packaging and labeling have become differentiating considerations for potential clients in the packaging industry. As a result, to attract potential buyers, manufacturers and marketers are continually innovating and improving their packaging and labeling solutions.
Specialty Paper Market Segment Analysis:
Based on the Type, the specialty paper market is segmented into Decor paper, Release Liner Paper, Packaging Paper, Printing Paper, and others. The Decor Paper segment held the largest market share, accounting for 34.12% in 2023. The growing use of specialty paper in printing, writing, and interior designing in the construction industry is driving the demand for segments across the globe. The characteristics, such as moisture and temperature resistance along with lightweight features are driving the sales of decor paper.

Based on the Application, the specialty paper market is segmented into Building & Construction, Industrial, Packaging & labeling, Printing & Writing, and others. The Packaging & labeling segment held the largest market share, accounting for 37% in 2023. The growing demand for packaging material from several end-use industries including food & beverage, household, personal care, healthcare, and others to protect and ensure safety for the products, are driving the specialty paper market growth. The Printing & Witting segment is expected to witness significant growth at a CAGR of 5.67% during the forecast period. The growing adoption of specialty paper in currency, security papers, cheque paper, and postage stamps is expected to fuel the specialty paper market growth throughout the forecast period.
Regional Insights:
The European region held the largest market share accounted for 36.83% in 2023. Among the region, Europe was the largest exporter of specialty paper in the year 2023. The growing production of capacity of paper and paperboard products especially in countries like the UK, France, Germany, and Italy is driving the product demand in the region. For example, according to the German Paper and Pulp Association, packaging paper and board production volume in Germany reached 12,102 tonnes in 2023.

North America region is expected to witness significant growth at a CAGR of 5.78% during the forecast period. The growing demand from the food and beverage industry along with the presence of major packaging players are booting the product demand in the region. The country is home to major food-producing companies that are anticipated to excel in the sales of specialty paper in the coming decade. The demand for specialty paper in the region is driven by the growing usage in the building and construction industry. The growing trend of decorative interiors in the building and construction sector is expected to fuel the demand for specialty paper during the forecast period.

The objective of the report is to present a comprehensive analysis of the global Specialty Paper Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Specialty Paper Market dynamic, structure by analyzing the market segments and projecting the Specialty Paper Market size. Clear representation of competitive analysis of key players by Technology, price, financial position, product portfolio, growth strategies, and regional presence in the Specialty Paper Market make the report investor’s guide.
Specialty Paper Market Scope: Inquire before buying



Specialty Paper Market


Report Coverage
Details


Base Year:
2023
Forecast Period:
2024-2030


Historical Data:
2018 to 2023
Market Size in 2023:
27.28 MT


Forecast Period 2024 to 2030 CAGR:
2.19%
Market Size in 2030:
31.75 MT


 Segments Covered:
by Type
Decor paper
Release Liner paper
Packaging paper
Kraft Paper
Others


by Raw Material
Pulp
Fillers & Binders
Additives & Coatings
Others


by Application
Building & construction
Industrial
Packaging & labeling
Printing & writing
Others



Specialty Paper Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest)
Key Players
1. International Paper
2. ITC Ltd.
3. Stora Enso
4. Nippon Paper Group
5. Mondi Plc.
6. Sappi Ltd
7. Oji Holdings Corporation
8. Asia Pulp & Paper Co. Limited
9. Verso Corporation
10. Potsdam Specialty Paper Inc.
11. Domtar Corporation
12. Glatfeller
13. Sequana
14. Georgia-Pacific
15. Robert Wilson Paper
16. WestRock Company
17. Smurfit Kappa
18. Fedrigoni Holding Limited
19. ND Paper LLC
20. Kruger Inc.
Frequently Asked Questions:
1] What segments are covered in the Specialty Paper Market report?
Ans. The segments covered in the specialty paper market report are based on type, raw material, and application.

2] Which region is expected to hold the highest share in the Specialty Paper Market?
Ans. The European region is expected to hold the highest share in the specialty paper market.

3] What is the market size volume of the Specialty Paper Market by 2030?
Ans. The market size by volume of the specialty paper market by 2030 is 31.75 MT.

4] What is the forecast period for the Specialty Paper Market?
Ans. The forecast period for the specialty paper market is 2024-2030.

5] What was the market size volume of the Specialty Paper Market in 2023?
Ans. The market size by volume of the specialty paper market in 2023 was US$ 27.28 MT.