Global Specialty Paper Market, By Product Type (Release & Labels, Décor Paper, Carbonless Paper, Printing Paper, Packaging Paper, Functional Paper, Kraft Paper, Thermal Paper, Pharmaceutical Leaflet Paper, Filter Paper and Others), Raw Material (Pulp and Functional Chemical), Application (Industrial, Building & Construction, Packaging, Label, Printing, Automotive, Food Services, Electricals, Medical Application and Others) – Industry Trends and Forecast to 2029
Market Analysis and Size
The expansion of the packaging industry is the primary force driving growth in the specialty paper market. Specialty paper is used in a variety of industries, including building and construction, in addition to printing and writing applications in the packaging industry. In the construction industry, masking tapes are used for marking, painting, and designing. As a result, rising demand for masking tapes in infrastructure development, particularly in developing countries, is driving growth in the specialty papers market indirectly.
Data Bridge Market Research analyses that the specialty paper market is expected to reach the value of USD 78021.11 million by 2029, at a CAGR of 8.2% during the forecast period. The rising consumer demand for packaging products is propelling the market forward.
Market Definition
Specialty papers are paper grades that have specific characteristics and properties that are designed for a specific end use. Pulp (from wood chips, recycled paper, wood pulp, and cotton fibre) is used as the raw material for specialty paper; after that, the paper is coated with specialty chemicals to prepare it for a specific use. The paper industry's specialty paper segment has emerged as a profitable one. They are present in consumers' daily lives in a variety of forms, including paper currency, coffee filters, décor papers, insulation paper, and carbonless copy paper.
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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By Product Type (Release & Labels, Décor Paper, Carbonless Paper, Printing Paper, Packaging Paper, Functional Paper, Kraft Paper, Thermal Paper, Pharmaceutical Leaflet Paper, Filter Paper and Others), Raw Material (Pulp and Functional Chemical), Application (Industrial, Building & Construction, Packaging, Label, Printing, Automotive, Food Services, Electricals, Medical Application and Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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WestRock Company (US), Smurfit Kappa (Ireland), International Paper (US), Inteplast Group (US), UNITED BAGS, INC (US), Ronpak. (US), El Dorado Packaging (US), Novolex (US), NOVPLASTA CZ, s.r.o (Czechia), PAPIER-METTLER KG (Germany), PackagingPro (India), CPS Paper Products (UK), Bulldog Bag Ltd. (Canada), Burgass Carrier Bags (US), JINAN XINSHUNYUAN PACKING CO., LTD (China), Mondi (UK), Thai Showa Paxxs Co., Ltd. (Thailand), CEE R.SCHISLER (France), Conitex Sonoco (US), Paperera de Girona S.A. LC Paper Group (Spain)
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Opportunities
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Specialty Paper Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
- Rising adoption of speciality papers from various end use industries
The extensive properties of specialty paper, high-quality, and unique characteristics have increased the demand for specialty paper in various industries, which has also increased the number of smokers and propelled the demand for filter paper for cigarette manufacturing. As a result, increased adoption of specialty paper in various industry applications is acting as a driver for boosting the demand of the specialty paper market
- Stringent government policies
Stringent government regulations prohibiting the use of plastic bags in both developed and developing economies is a factor supporting the target market's growth.
Opportunity
The manufacturers are engaged in several research and development activities for launching new products in the market with the latest technology that meet the various consumer requirements and launch new and advanced property based raw material that also helped the manufacturers to make unique and strong packaging and décor paper that helps in boosting market demand; as a result, technological evolution of specialty paper is acting as an opportunity
Restraints
The availability of substitutes limits market growth; as a result, the availability of substitutes acts as a restraint, hampered the demand for specialty paper. The regulatory requirements for marketing approvals, those manufacturers who fail to obtain regulatory approval on their product harm their business globally because they do not allow their product to be commercialised into the market.
This specialty paper market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the specialty paper market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Post COVID-19 Impact on Specialty Paper Market
The COVID outbreak has impacted the entire country. Companies that used to play a significant role have relocated away from the source and away from China. The manufacturing unit and the supply side have been severely impacted and have suffered a significant setback. The demand from end-user industries has changed dramatically. COVID caused a decrease in demand for in-demand services while increasing demand for online shopping. A profound shift in corporate standards, some government rules and regulations, e-commerce regulations, and consumer taste has resulted in a decrease in the use of eco-friendly solutions.
Recent Development
- Hutamaki was said to be the dominant manufacturer of carton packaging, some types of packaging wraps, and paper packaging bags in the regions of China in April 2021.
- Woolworths, a reputable company, discovered Australian Specialty Paper in the regions of WA, Tasmania, and the manufacturing units in April 2021.
Global Specialty Paper Market Scope
The specialty paper market is segmented on the basis of product type, raw material and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Products type
- Release & labels
- Décor paper
- Carbonless paper
- Printing paper
- Packaging paper
- Functional paper
- Kraft paper
- Thermal paper
- Pharmaceutical leaflet paper
- Filter paper
- Others
On the basis of product type, the market is segmented into release & labels, décor paper, carbonless paper, printing paper, packaging paper, functional paper, kraft paper, thermal paper, pharmaceutical leaflet paper, filter paper and others. In 2020, globally, the demand of packaging paper segment is dominating because of increasing use of packaging paper for consumer goods which have widened its application in various sectors.
Raw materials
- Pulp
- Functional chemical
On the basis of raw material, the market is segmented into pulp and functional chemical. In 2020, globally, pulp segment is dominating because it is the major component used in manufacturing of any kind of paper.
Application
- Industrial
- Building & construction
- Packaging, label
- Printing
- Automotive
- Food services
- Electricals
- Medical application
- Others
On the basis of application, the market is segmented into industrial, building & construction, packaging, label, printing, automotive, food services, electricals, medical application and others. In 2020, globally, the demand of label segment in specialty paper has increased because of the huge oxidation and permanent stickable properties which have widened the area of application.
Specialty Paper Market Regional Analysis/Insights
The specialty paper market is analysed and market size insights and trends are provided by country, product type, raw material and application as referenced above.
The countries covered in the specialty paper market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the specialty paper market because consumers in China are more aware of the various packaging materials available, as well as an abundance of raw materials for specialty paper manufacturing. Because of increased business expansion and customer awareness for specialty paper, the Asia-Pacific region is expected to grow at the fastest rate from 2020 to 2027. China is leading the growth of the Asia-Pacific market due to growing demand for specialty paper in ink printing industries, which boosts the demand for specialty paper, while Germany dominates the European market due to the region's growing use of specialty paper on bottles as labels.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Specialty Paper Market Share Analysis
The specialty paper market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to specialty paper market.
Some of the major players operating in the specialty paper market are:
- WestRock Company (US)
- Smurfit Kappa (Ireland)
- International Paper (US)
- Inteplast Group (US)
- UNITED BAGS, INC (US)
- Ronpak. (US)
- El Dorado Packaging (US)
- Novolex (US)
- NOVPLASTA CZ, s.r.o (Czechia)
- PAPIER-METTLER KG (Germany)
- PackagingPro (India)
- CPS Paper Products (UK)
- Bulldog Bag Ltd. (Canada)
- Burgass Carrier Bags (US)
- JINAN XINSHUNYUAN PACKING CO., LTD (China)
- Mondi (UK)
- Thai Showa Paxxs Co., Ltd. (Thailand)
- CEE R.SCHISLER (France)
- Conitex Sonoco (US)
- Paperera de Girona S.A.
- LC Paper Group (Spain)
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