Analysis of Stone Paper market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Recently released stone paper business analysis by Fact.MR, a market research and competitive intelligence provider, reveals that the market is estimated to grow 1.8X by the end of 2031.
Rise in the use marketing and advertising banners across regions has paved way for strong materials in the market such, as stone paper, vinyl, polyester fabric, etc. Of these materials, stone paper tends to remain in the front pages of the advertising industry.
Advertising and marketing captures a lion’s share of the demand for stone paper with 1.5% Y-o-Y growth in FY2020 as compared to FY2019.
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The ever-booming industry of marketing and advertising has a strong impact on stone paper sales. Stone paper could be countered as an essential element in public advertisement boards and banners.
These papers have come into the picture since the utilization of recyclable raw materials across regions has increased. With extensive utilization, price fluctuation of the product has normalized multiple times.
As per the stone paper business analysis performed by Fact.MR, historically, from 2016 to 2020, market value of the industry increased at around 4.1% CAGR, wherein, the U.S., Germany, China, Japan, and South Africa held significant share in the worldwide market.
Growing concerns of end users regarding low-cost, water-resistant paper has led to higher adoption of stone paper, and the market is forecast to expand at a moderate CAGR of close to 6% over the coming 10 years.
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Stone paper products find their application in various industries such as food & beverages and FMCG for packaging products. Additionally, characteristics such as aesthetic and sustainable qualities are being preferred by food companies.
Moreover, stone paper companies are expanding their customer base by producing raw materials needed for the production of stand-up pouches, side gussets, and heavy-duty bags. Also, other applications that involve labelling and poster displays are becoming a source of steady revenue stream for stone paper industries.
Additionally, new trends such as using a combination of calcium carbonate with HDPE (high-density polyethene), which possesses high strength and durability, are being preferred by manufacturing companies. For instance, enhanced stone paper can be utilized for the manufacturing of adhesives, magazines, books, trays, containers, etc.
Moreover, increasing environmental awareness coupled with rise in demand for sustainable green products is projected to bolster demand for stone paper. Attributed to these factors, stone paper sales are expected to surpass a valuation of US$ 1.3 Bn by the end of 2031.
Even though stone paper sales have surged in recent years, demand for conventional paper made from pulp has also been growing. For instance consumption of pulp-based paper has increased 4X over the last 50 years.
Moreover, the pulp paper industry is expanding at a significant rate, especially in regions such as Asia and South America. For instance, around 50% of total pulp and paper production happens in Asia.
Even though paper industries need to comply with certain laws in order to mitigate CO2 emissions, of the 162 paper companies tracked, more than half did not have any time-bound action plan, which gives them a free hand in paper production, thus acting as a roadblock for the stone paper business.
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The sustainable products market is projected to surpass a valuation of US$ 150 Bn by the end of 2021, with stone paper contributing around 10% of the total value share.
Since stone paper is primarily used in packaging and printing applications, it has been identified as a chief contributor towards achieving sustainability.
Moreover, sustainable products are expected to garner an incremental $ opportunity of around US$ 120 Mn every year over the next ten years.
The market in Asia Pacific is expected to grow significantly attributed to the presence of prominent manufacturing firms in the region. Moreover, rise in governmental regulations regarding reduction in water consumption and other environmental regulations will drive stone paper demand in the region.
Additionally, enhancements in research & development programs, especially in technologically advanced countries such as China and South Korea, coupled with a shift towards eco-friendly green products, is leading to significant surge in the demand for stone paper in the region.
Moreover, India and Thailand are expected to witness high growth attributed to well-established manufacturing & distribution network, technological advancements, and strict government & environmental policies all favouring of stone paper sales.
The U.S. is a mature market with high investments in the field of technology and innovation. Also, rising climate change concerns is taking the U.S. by storm as there is huge pressure from environmental organisations and well as international bodies to take a firm stand in the climate space.
Moreover, with change in consumer preferences, sales of sustainable and clean label products have surged. For instance, of the total store sales in the U.S., around 22% had sustainable attributes.
Additionally, with rising environmental concerns, the government is mandating and promoting the use of green products. Companies are opting for manufacturing processes that are sustainable and help in reducing carbon footprint. For instance, Karst Stone Paper, a start-up, is investing and improving its R&D to produce high-quality and eco-friendly stone paper.
China is a prominent market and a key manufacturing hub for various products. For the last two decades, China has been seeing significant growth in its manufacturing sector. China's average industrial y-o-y growth rate has been 11.4% for the last two decades. Although it saw a dip due to the COVID-19 pandemic, it bounced back with positive signs.
Moreover, with China’s average per capita paper consumption being higher than the global average, i.e. 76 kg (global average being around 55 kg), along with well-established manufacturing plants, it has huge potential in terms of production. Stone paper consumption in China is expected to be 1.2X more than the world average, hence, projecting strong growth in the country.
Additionally, growing pollution in China is compelling companies to adopt more eco-friendly and sustainable processes for manufacturing. Moreover, cheap labour, advanced technologies, high disposable income, and consumer preference to buy green products are driving stone paper sales in the country at an astonishing rate.
Iran: Iran has become a hub for manufacturing stone paper. Prime reason being government support coupled with economies of density. Currently, the country enjoys has thousands of tons of stone paper production.
Germany: Dynamic government policies with respect to the utilization of non-environmental friendly products is anticipated to pave way for stone paper business growth over the coming years. By FY2031, the market is expected to expand 1.6X its current market valuation.
In FY2020, packaging and decoration accounted for more than 50% of stone paper sales owing to shift in consumer preference towards paper-based packaging.
Additionally, rise in demand for better labelling options with enhanced aesthetics is bolstering demand for stone paper. Further, the organised retail sector with rising e-Commerce industry has broadened the growth prospects of the packaging industry, providing an impetus to stone paper demand.
Moreover, companies are opting for more innovative solutions such as cradle-to-cradle principle to manufacture stone paper packaging products. For instance, Displaymanufaktur Hamburg GmbH, a German company specializing in packaging, has opted for this principle for manufacturing stone paper.
Rising at a modest CAGR of around 5%, the packaging industry will propel demand for stone paper significantly.
Stone paper is gaining prominence in the printing industry due to its print convenience properties such as enhanced weight and texture. Additionally, companies are gearing up to bring these properties to the market for enhanced consumer experience.
For instance, Webmart U.K a multichannel marketing company is opting to publicize properties such as greaseproof and print convenience for stone paper.
Additionally, favourable government policies coupled with huge investment in research and development is projected to impact the market growth for stone paper in a positive way.
With an incremental $ opportunity of around US$ 15 Mn, the segment will be a major contributor to the growth of the stone paper industry.
Majority companies discussed in the report have focused on expansion, investments, acquisitions, delivery focus, portfolio expansion, and brand development.
Some of the key developments are:
Similarly, recent developments related to companies manufacturing stone paper have been tracked by the team at Fact.MR, which are available in the full research report.
Historical Data Available for
|US$ Mn for Value and volume (Sq. M)|
Key Regions Covered
Key Countries Covered
Key Market Segments Covered
Key Companies Profiled
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In FY2020, the global stone paper market was worth US$ 718 Mn.
Sales of stone paper are projected to increase at a CAGR of over 6% during 2021 – 2031.
Value sales of stone paper increased at a CAGR of 4.1% during 2016 – 2020.
Unique paper composition of stone paper has made it exceptionally tear-, water-, and oil-resistant, and this has led to higher adoption in packaging goods.
Production cost of stone paper is lesser than traditional paper, and hence, final product cost is also lesser, owing to which, it is gaining higher demand in the market.
Top 5 manufacturers of stone paper account for around 15% share in the global market.
Top 5 countries driving demand for stone paper are the U.S., Germany, China, Japan, and South Africa.
North America accounted for over 20% of global stone paper demand in 2020.
The Europe market for stone paper is projected to expand at a CAGR of 4.8% through 2031.
China, Japan, India, Malaysia, and Thailand are key producers of stone paper.
The market in South Korea and Japan is set expand at 5.5% CAGR, with both countries together accounting for 35% share in the East Asia market.
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