Specialty papers are special grades of paper which are possess of specific characteristics and properties designed for specific end use. The raw material used for specialty paper are pulp (from wood chips, recycled paper, wood pulp, and cotton fiber), which is fed into the paper-making machine; after that, the paper is coated with specialty chemicals for preparing it for a specific use. Specialty paper has emerged as a lucrative segment for the paper industry. From paper currency to coffee filters, décor papers, insulation paper, and carbonless copy paper, they are present in the daily lives of consumers.
The specialty paper market, in terms of volume, is projected to reach 34,879.08 KT by 2020, growing at a CAGR of around 6.59% from 2015. Browse 163 market tables and 59 figures spread through 227 pages and an in-depth TOC on “Specialty Paper Market”
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The specialty paper industry is witnessing growth due to increasing consumer demand for high-quality products in sectors providing food & beverages, cosmetics, and lifestyle products. The packaging paper required for these products needs to possess specific properties related to moisture retentions, hygiene, durability, and pH levels. The specialty paper market is mainly driven by the packaging & labeling application.
This report estimates the size of the specialty paper market in terms of volume (KT). In this report, the market has been segmented broadly on the basis of type, application, raw material, and region. The market drivers, restraints, opportunities, and challenges, and product price trends have been discussed in detail. The share of participants in the overall market has been discussed in detail.
Asia-Pacific is projected to be the fastest-growing market for the period considered for this study, due to growing demand for specialty products and increasing awareness among people. In terms of application, packaging & labeling is projected to be the largest market for specialty paper from 2015 to 2020; however. Printing & writing are projected to grow at a CAGR of 5.89% for the period under review, owing to increasing consumers’ concern regarding lesser use of paper and paper made products the market is growing at a very low pace.
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The specialty paper market is characterized by intense competition due to the presence of a large number of both large- and small-scale firms. Expansions, investments, acquisitions, agreements, partnerships, joint ventures, and new product launches are the key strategies adopted by market players to ensure their growth in the market. The market is dominated by players such as International Paper (U.S.), ITC Ltd. (India), Stora Enso (Finland), Nippon Paper Group (Japan), Mondi Plc. (South Africa), and Sappi Ltd. (South Africa).
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