Specialty paper is
used to transport and safeguard a wide range of merchandise. High
demand from the end use industry, such as packaging and labelling, is
anticipated to drive growth of the
specialty paper market over the forecast period. The
specialty paper market constituted almost 6% of the global specialty
paper and paperboard market in terms of volume in 2014. Europe was
the leading exporter of specialty papers in 2014. Rapid increase in
consumerism, in turn, is projected to drive demand for specialty
papers in the developing countries. The convenience offered by
customizable specialty paper products, coupled with their beneficial
properties, is also among the major factors anticipated to drive
growth of the specialty paper market over the forecast period. Thus,
in view of all the above driving factors, the global specialty paper
market is expected to witness high growth over the forecast period.
Specialty Paper
Market : Drivers and Restraints
Growth witnessed in
the end-use industry, such as packaging and labelling, in turn is
expected to drive growth of the specialty paper market in the near
future, as packaging and labelling constitutes almost 40% of the
global specialty paper application. Change in lifestyle of people and
rise in aging population are factors anticipated to increase demand
for specialty paper in the food service, packaging, and medical
applications. Besides, rise in the disposable income of people across
the globe is expected to further fuel demand for specialty papers
over the forecast period.
Carbon emissions
resulting from the paper manufacturing processes, coupled with
deforestation, is projected to be a strong disadvantage of specialty
papers, in turn hindering their market growth. Besides, the advent of
the digitalization age is expected to be another major restraining
factor for growth of the specialty paper market in the coming years.
Furthermore, anticipated extermination of paper-based communication
due to the increasing consumer preference for electronic media is
expected to lead to further decline in growth of the specialty paper
market over the forecast period. Moreover, the specialty paper market
is extremely fragmented, which is another restraining factor for
growth of the specialty paper market over the forecast period.
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Specialty Paper
Market : Segmentation
The global specialty
paper market is segmented based on raw materials into:
Additives
Fillers
Binders
Pulp
Others (fibre,
chemicals)
The global specialty
paper market is segmented on the basis of product type into:
Release & labels
Decor papers
Pharmaceutical
leaflet papers
Flexible packaging
papers
Others (automotive,
kitchen worktops, and abrasive backings)
The global specialty
paper market is segmented based on end use application into:
Industrial
Construction
Packaging
Label
Food Service
Printings
Others
Specialty Paper
Market : Region – wise outlook
The global specialty
paper market is segmented into seven key regions on the basis of
geography, namely North America, Latin America, Western Europe,
Eastern Europe, Asia Pacific, Middle East and Africa and Japan. Asia
Pacific market is expected to expand at the highest CAGR in terms of
value and volume over the forecast period. Increasing population and
industrialization in APAC is expected to be the major reason for the
rise in demand for specialty papers in the region. Europe and North
America markets are expected to account for nearly half of the total
share of the specialty paper market over the forecast period. The
Latin America and the MEA markets are expected to witness stagnant
growth in the near future.
Specialty Paper
Market : Major key players
Some of the key
market players identified in the global specialty paper market are:
Nippon Paper Group
Domtar Corporation
Mondi Plc
International Paper
Stora Enso
Oji Holdings
Corporation
Asia Pulp &
Paper Co. Limited
Sappi Limited
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