Global Specialty Paper Market Is Expected To Project A Notable CAGR Of 4.1% By 2025 | Grand View Research, Inc.

Global Specialty Paper Market Is Expected To Project A Notable CAGR Of 4.1% By 2025 | Grand View Research, Inc.

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According to a report published by Grand View Research, the growth of the global specialty paper market can be attributed to the rising usage of this paper as packaging material in several sectors such as e-commerce, and food and beverage, etc. Moreover, the recent COVID-19 outbreak has positively impacted the industry with the rise in demand for packaging for groceries, healthcare products, and e-commerce transportation

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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Have a Look at Related Reports:

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About Grand View Research

Grand View Research is a U.S. & India-based market research and consultancy firm. It is headquartered in San Francisco. We provide business insights, syndicated research reports, and customized research reports to large as well as small and medium-scale enterprises. Our database features thousands of statistics and in-depth analyses on more than 45 industries. Grand View Research’s extensive database is used by Fortune 500 companies to understand the regional as well as the global business environment.

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