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Stone Paper Market

Stone Paper Market

Growing Demand for Phthalate-Free Stone Paper to Boost the Stone Paper Market Growth during 2021-2031

Stone Paper Market
FACT6473MR

Market Snapshot

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.

Key Points Covered in Stone Paper Industry Survey:

  • Market Estimates and Forecasts (2016-2031)
  • Key Drivers and Restraints Shaping Market Growth
  • Segment-wise, Country-wise, and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Market Share Analysis
  • COVID-19 Impact on Stone Paper Sales and How to Navigate
  • Recommendation on Key Winning Strategies

Revenue Analysis of Stone Paper from 2016 to 2020 Compared to Demand Outlook for 2021 to 2031

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.

  • Stone paper sales saw soaring growth in 2020 with worldwide revenue up 1.5% year-on-year.
  • Fact.MR estimates that stone paper revenue will grow 1.8X from 2021 to 2031, reaching nearly US$ 1.3 Bn in 2031.
  • As per Fact.MR’s stone paper business insights, global market revenue totaled US$ 718 Mn in 2020.
  • Packaging industry to remain the largest end user of stone paper.
  • Top 5 providers of stone paper held 15% market share in 2020.
  • Sales of stone paper are anticipated to increase 5.4% in 2021 to be valued at around US$ 757 Mn.
  • COVID-19 resulted in a major push back to stone paper sales growth in terms of prices, investments, and trade.

What are the Key Potential Opportunities for Stone Paper Manufacturers?

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.

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What are the Roadblocks That Stone Paper Suppliers Encounter?

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.

How is Growing Consumption of Green Products Expected to Drive Demand for Stone Paper?

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.

stone paper market region by FactMR

An Adaptive Approach to Modern-day Research Needs

Which Region Offers the Largest Opportunity for Sales of Stone Paper?

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.

Country-wise Analysis

What Potential Does the U.S Market Hold for Stone Paper Business?

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.

What Makes China a Hub for Stone Paper Demand?

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.

How Has Stone Paper Demand Been Shaping across Established & Emerging Markets?

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.

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Category-wise Insights

Which Application of Stone Paper Holds the Highest Market Share?

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.

How Big is the Opportunity for Stone Paper Suppliers in the Printing Industry?

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.

stone paper market competition by FactMR

Competitive Landscape

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:

  • In August 2019, TBM Co Ltd announced the launching of the Limex bag, which contains zero petroleum-derived resins. Additionally, Limex can act as a substitute for paper and plastic, thus reducing the use of petroleum-derived products.
  • In 2016, Pishgaman Sanat sabz company (PSSCO) opened up a stone paper production facility in Yazd province of Iran that has an annual production capacity of 5,000 tons. The composition of the stone paper consists of calcium carbonate and HDPE.
  • In 2020, Taiwan Lung Meng Advanced Composite Materials Co announced an investment of US$ 49.8 Mn in R&D to manufacture advanced green products such as cups, notebooks, and shopping bags.

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.

Stone Paper Market Report Scope

Attribute

Details

Forecast Period

2021-2031

Historical Data Available for

2016-2020

Market Analysis

US$ Mn for Value and volume (Sq. M)

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

Key Countries Covered

  • U.S.
  • Mexico
  • Venezuela
  • Germany
  • U.K.
  • Russia
  • BENELUX
  • China
  • Japan
  • India
  • GCC

Key Market Segments Covered

  • By Application
  • By Region.

Key Companies Profiled

  • Armen Paper
  • Pishgaman Sanat Sabz
  • Shenzhen Stone Paper New Materials Co., Ltd
  • Sphera International
  • Stone Paper Italia
  • Taiwan Lung Meng Advanced Composite Materials Co., Ltd.
  • TBM Co., Ltd

Pricing

Available upon Request

Market Segments Covered in Stone Paper Industry Analysis

By Application

  • Stone Paper for Packaging & Decoration
  • Stone Paper for Industrial Use
  • Stone Paper for Printing
  • Stone Paper for Marketing & Advertising
  • Others (including Poster Display and Metro Advertising)

- FAQs -

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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Is the market research conducted by Fact.MR?

Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.

What research methodology is followed by Fact.MR?

Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.

What are the sources of secondary research?

Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.

Who are the respondents for primary research?

Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.

Is a sample of this report available for evaluation?

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