Global Specialty Papers Market is projected to reach USD 28.73 billion by 2023, at a CAGR of 5.7% from 2017 to 2023.
Specialty Papers are one of the special grades of paper. They have special characteristics and properties and are designed for certain end uses. Sometimes, normal papers are converted into specialty paper by the use of chemicals. Increasing disposable income among individuals, is driving the demand of the market. On other hand, increasing deforestation, and carbon emissions during paper manufacturing are some factors that may hamper the growth of the market.
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The market has been analyzed based on types, materials, applications, and regions. On the basis of types, global specialty papers market is segmented as décor paper, flexible packaging papers, release liner paper, printing paper, masking tape and others. The flexible packaging paper is estimated to be the fastest growing type during the forecast period. Printing paper is also a major type of specialty paper. It shows remarkable growth during the forecast period due to high-grade printing papers with high printability and color reproducibility, and water-resistant printing papers. Masking tape, another type of specialty paper, consists of paper with a self-adhesive coating on the back. It is used for protection against splashes of color or paint in renovation or painting activities.
Manufacturing Dominates the Application Segment of the Global Specialty Papers Market:
On the basis of applications, the Global Specialty Papers Market is segmented as building & construction, packaging & labeling, industrial, printing & writing and others. Packaging & labeling dominates the application segment of the Global Specialty Papers Market. The growing demand for paper-based packaging in the food sector and growth of the pressure-sensitive labels is fueling the growth of the market. Packaging & labeling is estimated to be the fastest growing application during the forecast period.
Printing & writing is the second-largest application segment. Growing consumer’s preference for laminated sheets and wallpapers for residential and commercial interiors is fueling the growth of the market.
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Market Research Analysis:
On the basis of regions, the Global Specialty Papers Market is segmented as North America, Europe, Asia-Pacific and RoW. European region dominates the global specialty papers market mainly due to growth in food & beverages sector as well as increasing end use sector of Specialty Paper. Europe is expected to contribute significantly during the forecast period.
Asia-Pacific region is expected to grow at the fastest pace during the forecast period. Growth in industrialization and urbanization, and increasing disposable income among individuals, are some factors that drive the demand of Specialty Papers in this region.
Scope of the Report:
This study provides an overview of the Global Specialty Papers Market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific, and Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the Global Specialty Papers Market as technology, capacity and application.
- Décor Paper
- Flexible Packaging Papers
- Release Liner Paper
- Printing Paper
- Masking Tape
By Raw Material
- Fillers & Binders
- Building & Construction
- Packaging & Labeling
- Printing & Writing
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