Fact.MR, a market research and intelligence provider states that the specialty papers market surpassed a market value of US$ 29 Bn in 2020. Focus on sustainability and e-commerce are driving the growth of the specialty papers industry.
Furthermore, technological advancements in the field of specialty papers is playing a major role in increasing the demand for specialty papers. Thus, the market for specialty papers is expected to garner US$ 60 Bn expanding 2x in the forecast period.
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Key Points Covered in Specialty Papers Industry Analysis
- Market estimates and forecast 2016-2031
- Key drivers and restraints impacting market growth
- Segment-wise, Country-wise, and Region-wise Analysis
- Competition Mapping and Benchmarking
- Market Share Analysis
- Key Product Innovations and Regulatory Climate
- COVID-19 Impact on Specialty Papers Market and How to Navigate
- Recommendation on Key Winning Strategies
Speciality Papers Historical Trends 2016-2020 in Comparison to Future Outlook 2021-2031
According to Fact.MR’s intelligence report, the specialty papers market gained a market revenue of US$ 29 Bn in 2020, expanding at a CAGR of over 5% from 2016 to 2020.
Companies that produce specialty papers are focusing on producing sustainable options and reducing waste. In addition, different types of specialty papers are gaining traction due to their usability and durability factor.
Due to the aforementioned reasons, the specialty papers industry is expected to surpass market value of US$ 60 Bn and registering a CAGR of 7%.
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How are Recyclability and Sustainability Propelling Sales of Specialty Papers?
Leading players in the specialty papers industry are focusing on recyclability and sustainability to widen their consumer base. Product differentiation along with quality enhancement is a key focus area in the global market.
Mondi Ltd and International Paper continue to lead the market in terms of business strength and industry attractiveness. With large presence across various countries and huge product portfolio, both companies are likely to remain dominant in the near future. Other key players are focusing on strategic partnerships and new product launches.
How are Packaging and Labeling Applications Driving Demand for Specialty Papers?
Rise in e-commerce popularity across various countries is driving the demand for specialty papers for packaging and labeling. With the growing demand for sustainable packaging solutions, manufacturers are offering eco-friendly papers products.
Rugged packaging is finding widespread application in pet food and other food packaging. This type of packaging is used for extending the shelf life, and maintaining the quality of food product.
Meanwhile, the food service business, restaurants, and online food ordering is stimulating demand for grease resistant papers. Paperboards with unique characteristics and different grades are widely used as medicinal, cereal, and cosmetic boxes.
Stone papers which are naturally greaseproof and waterproof are emerging as a feasible alternative to traditional papers. Stone papers are produced by using eco-friendly production process without using water. They have also been recognized as a safe product with certified food grade by the FDA.
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What Setbacks is the Specialty Papers Market Facing?
Managing the cost of raw materials is the top priority for specialty paper manufacturers. Strongly fluctuating raw material cost is emerging as one of the biggest challenges faced by specialty paper manufacturers.
Specialty paper manufacturers are also increasing the product price, passing on the pressure of rise in raw materials cost. Specialty papers manufacturers are also shifting to recycled fiber as raw material in specialty papers. Access to the low-cost recycled fiber is focal consideration for the specialty papers companies globally.
How is the Ban on Plastic Bag Usage Boosting Sales?
Increasing regulations and ban on plastic products including plastic bags is driving the demand for specialty papers. This is resulting in the growing demand for kraft papers moulded into shopping bags. The demand for papers bags is also growing in retail sector especially in developing countries with the ban on plastic bags.
In the near future, the demand for paper bags is likely to exceed supply due to rising environmental concerns, stringent government regulations and increase in customers shifting from plastic bags to paper bags.
What Growth Prospects Abound across the Asian Market?
The demand for paper bags is expected to increase in Asia with increasing awareness about paper-based packaging and government initiatives to foster the same. Paper packaging in Japan is gaining popularity, especially in the food and beverage sector with higher awareness of plastic pollution.
Moreover, a ban on plastic bags in India is creating a huge opportunity for specialty papers manufacturers. India’s paper demand is expected to rise in the coming years due to the modern retailing and growing consumerism. In addition, growing awareness regarding sustainable solutions is expected to influence the specialty paper industry positively. The region is expected to surpass a market value of 40% in the assessment period.
Why is Europe Gaining Popularity for Speciality Papers?
Europe is expected to dominate the speciality paper industry owing to the presence of major key players in the region. thus, the availability of papers has become easier in the region. U.K and Germany are major countries driving sales.
These two countries are focusing on digitalization of the product with the help of e-commerce websites. Thus, the European region is expected to hold a market share of more than 45% across the forecast period.
How are Décor and Kraft Papers Creating Demand for Specialty Paper Sales?
Décor and kraft papers are largely used as home interiors with new concepts, enhancing wall arts, furniture, lamps, and more. Wallpapers or décor papers continue to be the preferred choice for home decoration. These trends are likely to drive demand for new décor papers with advanced features such as 3D wallpapers in the coming years.
The growing usage of latest design, colors, and materials in home decor is driving the demand for new and advanced décor papers. Owing to its convenience, strength, and less impact on the environment, kraft paper is witnessing growing demand for wrapping, sacks, and pouches to handle goods. Collectively, both segments will register 3/5th of overall revenue.
Key players in the specialty papers industry are focusing on offering sustainable solutions that would last for a longer period of time.
- In March 2021, International Paper, a key player expanded its business capabilities in Spain by purchasing two state-of-the-art corrugated box plats in Spain.
- In July 2021, WestRock and Liquibox have come together to reduce waste by approaching the e-commerce way for brand differentiation.
Historical Data Available for
|US$ Mn for Value & ‘000 Units for Volume|
Key Regions Covered
Key Countries Covered
Key Market Segments Covered
Key Companies Profiled
|Customization & Pricing||
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Key Segments Covered
- Thermal Specialty Paper
- Décor Specialty Paper
- Label Specialty Paper
- Kraft Specialty Paper
- Carbonless Specialty Paper
- Printing Specialty Papers
- Release Linear Papers
- Other Specialty Papers
- Specialty Papers for Building & Construction
- Specialty Papers for Food & Beverage
- Specialty Papers for Pharmaceuticals
- Specialty Papers for Packaging and Publishing
- Specialty Papers for Electricals
- Specialty Papers for Other Applications
- FAQs -
As of 2020, the market for specialty papers market reached nearly US$ 29 Bn
The specialty papers market is expected to surpass a CAGR of 7% from 2021-2031.
The specialty papers market is expected to reach nearly US$ 60 Bn by 2031
Sustainability and digitalization of the specialty papers are the key trends driving specialty paper sales.
Europe and Asia are the most lucrative regions for specialty papers sales.
International Paper Company, WestRock, Tetra Laval, Amcor, Oji Holdings, Mondi, Stora Enso, Domtar, Fedrigoni are the prominent players offering specialty papers.
Germany and India are the top two countries driving demand for specialty papers.
The specialty paper industry is expected to hold 40% market revenue throughout Asia-Pacific.
The specialty paper industry is expected to hold 45% market revenue throughout Europe.
Décor and Kraft papers are expected to capture highest revenue share, generating 3/5th of overall revenue
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