SriLanka Writing and Printing and Specialty Paper Market – Industry Trends and Forecast to 2029

Market Analysis and Size

Writing and printing and specialty paper market has increased enormously in recent the quick adoption of packaging methods and home delivery services has resulted in years of growth. Specialty paper is used to carry and protect a wide range of products. High demand from end-users, such as packaging and labelling, is likely to propel the speciality paper market in this area throughout the forecast period. In terms of volume, the speciality paper market accounted for around 6% of the worldwide specialised paper industry.

Data Bridge Market Research analyses that the writing and printing and specialty paper market was valued at USD 16625.84 million in 2021 and is expected to reach USD 24940.75 million by 2029, registering a CAGR of 5.20 % during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.   

Market Definition

The writing paper is vastly used in the printing and labelling because of the matt and glossy surface of the paper. Specialty paper is a special type of paper which owns specific properties and characteristics. It is designed for specific uses such as, water filtration, etc. For instance, thermal paper, printing currency notes, packing beverages, a kind of specialty paper. This paper has a coating which provides a clear and high-definition image when exposed to heat. Due to its properties, specialty paper have some applications in diverse industries including packaging and labelling, retail, healthcare, construction and laundry care.

Report Scope and Market Segmentation

Writing and Printing and 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:

Drivers

• Stringent rules and regulations associated with the use of paper bags

Many governments are enacting strong regulations to prevent deforestation in all areas, making it impossible to create paper bags from high-quality pulp wood. When making paper, manufacturers must adhere to all codes of conduct.

• Accelerating consumer preferences towards decorative lamination.

The rising usage of the newest design, colours and materials in home decor is driving new and advanced décor papers. Due to its suitability, strength, and less impact on the environment. Kraft paper is observing rising demand for pouches wrapping and sacks to handle goods.

• Rising application in E-commerce

The market is gaining attraction due to its increasing applications in the e-commerce activities for example packaging, storing, and transportation. The increasing online shopping sector in emerging along with developed economies is a main driver for the global writing and printing specialty paper market.

• Rise in demand due to Eco-friendly material

Consumer goods producer in this region are choosing to eco-friendly materials, as they support sustainability. Increasing concern about ecological sustainability is enhancing recycled paper and recycled paper products in modern times.

Opportunities

• Big Opportunity in Nano Technology

The molecular structure of specialty paper is effective, which is developing innovative product variants modified to the requirement of end users. Also, nanomaterials in specialty papers make it appropriate for various by-products from the paper itself. The larger untapped markets provide beneficial opportunities for all market players.

• Technology advancement

The increasing number of product developments will drive new market opportunities and accelerate industry expansion. The technological advancement of specialty paper is being used as a substitute for increasing demand in the specialty paper market. This element is assisting market growth. Manufacturers are developing more efficient, dependable, and convenient products.

Restraints/ Challenges

Importing and exporting of the raw materials for the manufacture of the paper bags is becoming very difficult due to which manufacturers are facing problem for the storage of the raw materials. Stringent rules and regulations by the government or higher authorities on deforestation in different regions are restraining the writing and printing and specialty paper market to grow. Emission of carbon during the process of manufacturing of paper is projected to be a strong disadvantage of specialty papers which is hindering the market growth. These are the some restraining factor for growth of the writing and printing and specialty paper market over the forecast period.

This writing and printing and 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 writing and printing and 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.

COVID-19 Impact on Writing and Printing and Specialty Paper Market

The overall specialty paper market has been discreetly affected by the outbreak of SARS-CoV-2 infections spread during forecast period. In the first half of the COVID-19 period, the market was affected negatively stringent lockdown reduced workforce, norms and movement restrictions. But risen packaged food consumption and increasing e-commerce industry during the infection or virus outbreak increase the demand and sales of paper in this region.

Recent Development

• In February 2020, Stora Enso announced the debut of new dispersion barrier materials for food packaging and paper cups, expanding their product portfolio of sustainable packaging materials. Following the announcement, the company's product credibility and portfolio in the market improved.
• In April 2020, Domtar Corporation declared that they acquired the U.S. based Point of Sale (POS) paper business of Appvion Operations, Inc., hereafter achievement the company will become a integrated manufacturer of POS which has produce large scale paper.

Sri Lanka Writing and Printing and Specialty Paper Market Scope

The writing and printing and specialty paper market is segmented on the basis of type, raw material, colour, distribution channel, surface 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.

Type

• Writing Papers
• Printing Papers
• LWC or Coated Papers
• Chromo and Art Papers
• Tissue Papers
• Copier paper
• Specialty Papers
• Specialty Base For Vary Bags
• Others

 Raw Material

• Pulp
• Functional Chemical

 Colour

• White
• Brown
• Grey
• Black
• Red
• Blue
• Yellow
• Others

Distribution Channel

• Direct Sales or B2B
• Specialty Stores
• E-Commerce
• Others

 Surface

• Matt
• Embossed
• Glazed
• Rough

Application

• Packaging
• Printings
• Label
• Industrial
• Food Services
• Medical Application
• Automotive
• Electricals
• Building and Construction
• Others

Competitive Landscape and Writing and Printing and Specialty Paper Market Share Analysis

The writing and printing and 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 writing and printing and specialty paper market.

Some of the major players operating in the writing and printing and specialty paper market are:

• Ahlstrom-Munksjö (Finland)
• LINTEC Corporation (Japan)
• Stora Enso (Finland)
• Sappi (South Africa)
• Smurfit Kappa (Ireland)
• Fedrigoni S.P.A (Italy)
• Domtar Corporation (U.S)
• Nippon Paper industry Co. Ltd. (Japan)
• Mondi (UK)
• International Paper (U.S)
• Oji Holdings Corporation (Japan)
• Asia Pulp & Paper (APP) Sinar Mas (Indonesia)
• WestRock Company (U.S)

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