Certified Global Research Member
Key Questions Answered
- Global Market Outlook
- In-depth analysis of global and regional trends
- Analyze and identify the major players in the market, their market share, key developments, etc.
- To understand the capability of the major players based on products offered, financials, and strategies.
- Identify disrupting products, companies, and trends.
- To identify opportunities in the market.
- Analyze the key challenges in the market.
- Analyze the regional penetration of players, products, and services in the market.
- Comparison of major players’ financial performance.
- Evaluate strategies adopted by major players.
- Recommendations
Why Choose Market Research Future?
- Vigorous research methodologies for specific market.
- Knowledge partners across the globe
- Large network of partner consultants.
- Ever-increasing/ Escalating data base with quarterly monitoring of various markets
- Trusted by fortune 500 companies/startups/ universities/organizations
- Large database of 5000+ markets reports.
- Effective and prompt pre- and post-sales support.
The total length of the Specialty Papers Market Size was USD 44.79 Bn in 2022. The Specialty Papers industry is estimated to reach approximately $71.25 billion by 2030, increasing at a CAGR of 5.97% between 2023 and 2030.
In addition, technology advancement has played a significant role in shaping up the specialty papers market resulting into the continuous evolvement and development of paper manufacturing processes leading to high-quality specialty papers with enhanced features. Such technological advancements enable barrier coatings, waterproof formulations and advanced printing techniques among many others that help expand the market by catering for different industrial requirements through product differentiation.
Moreover, packaging evolution within an industry like this one makes it possible to understand how speciality papers are closely related to it; nonetheless, there are more such grades than ever before and as packaging trends turn towards sustainable and attractive materials meaning new opportunities arise for specialty papers. As time goes on packaging designs will change but specialty paper has both functionally as well as great appearance which make them suitable for use with variety types packages.
There are also other regulatory factors that have strong impacts on specialty papers markets especially strict rules regarding recycling standards, environmental conservation and product safety among others relating to manufacturing or using these specialized materials. Consequently, any company wishing to maintain its reputation while remaining competitive in this sector must adhere to these regulations so that their products can match those required by market forces.. However, specialty paper manufacturers will need to adapt their business operations to keep up with changing industry regulation caused by global emphasis on sustainable practices.
Additionally, diversification & growth within this market segment were driven by demand from end-use industries which incorporates specific requirements per each sector e.g., food & beverages; healthcare & consumer goods etc.These are produced mostly out of specialized papers especially when used in printing applications including labeling or even product packaging amongst others.The Speciality Papers Market is growing as these sectors expand and demand more specialized products tailored to their needs. To sustain growth and profitability, market players have to understand the special requirements of various end-use industries.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Growth Rate | 5.97% (2023-2030) |
Specialty Papers Market Highlights:
Global Specialty Papers Market Overview
The Specialty Papers Market Size was valued at USD 44.79 Billion in 2022. The Specialty Papers industry is projected to grow from USD 48.10 Billion in 2023 to USD 71.25 Billion by 2030, exhibiting a compound annual growth rate (CAGR) of 5.97% during the forecast period (2023 - 2030). Paper grades referred to as specialty papers have unique qualities and features that are intended for a particular end application. Specialty paper is made from pulp (from wood chips, recycled paper, wood pulp, and cotton fiber), which is then coated with specialist chemicals to make it suitable for a particular function. The specialized paper market for the paper industry has grown to be successful. Paper money, coffee filters, décor papers, insulating paper, and carbonless copy paper are just a few of the everyday items that customers encounter.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Specialty Papers Market Trends
-
Increasing usage of specialty papers across a range of end industries
Specialty paper is in higher demand across a range of sectors due to its wide properties, high quality, and distinctive features. This has increased the number of smokers and driven up the price of filter paper used in cigarette manufacture. As a result, the market for specialty paper is seeing rising demand due to the growing use of specialty paper in different industrial applications.
Specialty Papers Market Segment Insights
Specialty Papers Raw Material Insights
The market segmentation, based on Raw Material, includes Pulp, Fillers & Binders, Additives, and Others. The Pulp segment holds the majority share in 2022, contributing to the Specialty Papers revenue. Due to the widespread use of wood pulp in paper production. Wood pulp is relatively inexpensive and widely available, making it an attractive raw material for many paper manufacturers.
Specialty Papers Type Insights
Based on Type, the market segmentation includes Décor Paper, Flexible Packaging Papers, Release Liner Paper, Printing Paper, Masking Tape, and Others. The Décor Paper segment dominated the market. owing to its wide range of applications in flooring, paneling, and furniture surfaces. These papers are available in single color or are printed with a range of designs.
Specialty Papers Application Insights
Based on Application, the market segmentation includes Building & Construction, Packaging & Labeling, Industrial, Printing & Writing, and Others. The Packaging & Labeling segment is the largest segment of the market. Packaging and labeling are essential components of the modern supply chain, and specialty papers are widely used in the production of packaging and labeling materials. Specialty papers can be designed to provide a range of properties, such as moisture resistance, barrier properties, and printability, making them well-suited for use in a wide range of packaging and labeling applications.
Figure 2: Specialty Papers Market, by Raw Material, 2022 & 2030 (USD Million)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Specialty Papers Regional Insights
By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific dominates the specialty paper market because Chinese customers are more aware of the numerous packaging materials available, as well as the availability of raw resources for specialty paper manufacture. Due to growing corporate growth and customer awareness for specialty paper. China is driving the expansion of the Asia-Pacific market due to the rising need for specialty paper in ink printing sectors, which promotes demand for specialty paper, while Germany dominates the European market due to the region's expanding usage of specialty paper on bottles as labels.
Figure 3: SPECIALTY PAPERS MARKET SHARE BY REGION 2022 (%)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Specialty Papers Key Market Players & Competitive Insights
Major market players are spending a lot of money on R&D to increase their product lines, which will help the market grow even more. Market participants are also taking various strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the Specialty Papers industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.
Manufacturing locally to cut operating costs is one of the main business tactics manufacturers use in the Specialty Papers industry to benefit customers and expand the market sector. Major market players, including Nippon Paper Group Inc, Griff Paper and Film, Domtar Corporation, Robert Wilson Paper Corporation, Mondi, and others, are attempting to increase market demand by funding R&D initiatives.
Nippon Paper Group Inc. is a Japanese pulp and paper company. Nippon Paper Group's business is divided into four segments. Paper and Pulp Manufacturing: This segment is responsible for the production and sale of printing paper, paperboard, pulp, and other paper products. Energy and Environment: This segment includes the generation and supply of electricity, heat, and steam using biomass and other renewable resources. The company also engages in the treatment and recycling of waste. Building Materials: This segment produces and sells housing materials, including structural panels, flooring, and interior finish materials. Other: This segment includes the company's non-paper businesses, such as the production and sale of functional materials and chemicals.
Griff Paper and Film is a US-based company that specializes in the development and production of specialty papers and films for a wide range of applications. Griff Paper and Film offers a broad range of products, including release liners, thermal transfer ribbons, medical packaging materials, and food packaging materials. The company's products are used in a variety of industries, including healthcare, food and beverage, industrial, and automotive. The company's specialty papers and films are designed to provide specific properties, such as moisture resistance, barrier properties, printability, and durability. Griff Paper and Film's products are also available in a range of sizes, thicknesses, and colors to meet the needs of different applications.
List of the Key Companies in the Specialty Papers market include
-
-
Griff Paper and Film
-
Domtar Corporation
-
Robert Wilson Paper Corporation
-
Mondi Plc
-
-
Sappi Limited
-
Kanzaki Specialty Papers Inc
-
Stora Enso Oyj
-
Munksjo Corporation
Specialty Papers Industry Development
December 2021: Stora Enso Oyj invested EUR 23 million into board production at a Varkaussite in Finland. The investment will be completed at the end of 2022 to increase the flexibility of the product range available for customers and to grow the site’s total capacity by approximately 10%.
Specialty Papers Market Segmentation
Specialty Papers Raw Material Outlook
-
Pulp
-
Fillers & Binders
-
Additives
-
Others
Specialty Papers Type Outlook
-
Décor Paper
-
Flexible Packaging Papers
-
Release Liner Paper
-
Printing Paper
-
Masking Tape
-
Others
Specialty Papers Application Outlook
-
Building & Construction
-
Packaging & Labeling
-
Industrial
-
Printing & Writing
-
Others
Specialty Papers Regional Outlook
-
North America
-
US
-
Canada
-
-
Europe
-
Germany
-
France
-
UK
-
Italy
-
Spain
-
Rest of Europe
-
-
Asia-Pacific
-
China
-
Japan
-
India
-
Australia
-
South Korea
-
Australia
-
Rest of Asia-Pacific
-
-
Rest of the World
-
Middle East
-
Africa
-
Latin America
-
Leading companies partner with us for data-driven Insights
Kindly complete the form below to receive a free sample of this Report
Tailored for You
- Dedicated Research on any specifics segment or region.
- Focused Research on specific players in the market.
- Custom Report based only on your requirements.
- Flexibility to add or subtract any chapter in the study.
- Historic data from 2014 and forecasts outlook till 2040.
- Flexibility of providing data/insights in formats (PDF, PPT, Excel).
- Provide cross segmentation in applicable scenario/markets.
