The wide expansion of the packaging industry is the main factor enhancing the growth in the market. Specialty paper is widely used in several industries, including building and construction, in addition to printing and writing applications in the packaging industry. Furthermore, the demand for high-quality packaging material is increasing the market's demand as FMCG companies are now widely adopting specialty paper packaging technologies. Also, the increasing demand for masking tapes in infrastructure development, mainly in developing countries, is pushing the market tremendously.
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Data Bridge Market Research analyses that the Global Specialty Paper Market was valued at USD 41533.07 million in 2021 and is expected to reach the value of USD 78021.11 million by 2029, at a CAGR of 8.2% during the forecast period of 2022 to 2029. The increasing demand for the specialty paper will provide potential opportunities for the market growth in the forecast period.
Increasing use of specialty paper in printing sector is anticipated to drive the market's growth rate
With the wide use of specialty paper in printing industry, it produces a huge range of industrial labels, decals, and stickers customized which meet the requirements and needs of people. In this industry, wide adoption of high-grade printing papers with color reproducibility and high printability, which includes kent papers for printing, papers for calendars and water-resistant printing papers. In this industry, high usage of high-grade specialty papers are used which consists of a clean cloud-like whiteness with an even texture to offer a superior printing finish.
Report Scope and Market Segmentation
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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 2014 – 2019)
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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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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, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa
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Market Players Covered
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WestRock Company (U.S.), International Paper (U.S.), Inteplast Group (U.S.), UNITED BAGS, INC (U.S.), Ronpak. (U.S.), El Dorado Packaging (U.S.), Novolex (U.S.), PAPIER-METTLER KG (Germany), PackagingPro (India), CPS Paper Products (U.K.), Bulldog Bag Ltd. (Canada), Burgass Carrier Bags (U.S.), JINAN XINSHUNYUAN PACKING CO., LTD (China), Conitex Sonoco (U.S.)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand
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Segment Analysis:
Global specialty paper market is categorized into three notable segments which are based on the basis of product type, raw material and application.
- On the basis of product type, the market is segmented into packaging paper, release and labels, printing paper, functional paper, décor paper, kraft paper, thermal paper, filter paper, carbonless paper, pharmaceutical leaflet paper, others.
The packaging paper segment of product type segment is anticipated to dominate the specialty paper market
The packaging paper segment is expected to dominate the market with 30.90% market share as packaging papers are usually used in the packaging of products in numerous type of application such as a packaging in the food industry.
- On the basis of raw material, the market is segmented into pulp and functional chemical.
The pulp segment of raw material segment is anticipated to dominate the specialty paper market
The pulp segment is expected to dominate the market with 59.52% market share because it is a special type of chemical used as a raw material for manufacturing of specialty paper that involves coating binders, sizes, dry and wet-strength additives and specialty coatings
- On the basis of application, the market is segmented into label, packaging, food services, building and, construction, industrial, printings, medical application, electricals, automotive, others. The label segment is expected to dominate the market with 23.26% market share because label includes a huge variety of specialty paper such as thermal paper, printing paper, and carbonless paper, to print a number of specialty labels such as QR, barcode, consecutive number and variable data among others.
Major Players
Data Bridge Market Research recognizes the following companies as the major specialty paper market players in specialty paper market are WestRock Company (U.S.), International Paper (U.S.), Inteplast Group (U.S.), UNITED BAGS, INC (U.S.), Ronpak. (U.S.), El Dorado Packaging (U.S.), Novolex (U.S.), PAPIER-METTLER KG (Germany), PackagingPro (India), CPS Paper Products (U.K.), Bulldog Bag Ltd. (Canada), Burgass Carrier Bags (U.S.), JINAN XINSHUNYUAN PACKING CO., LTD (China), Conitex Sonoco (U.S.).
Market Development
- In 2020, Pudumjee paper products announced that they have restarted their specialty paper products production in its Pune plant, which will involve manufacturing of pharmaceutical products, hospital supplies, hygiene sectors, food and confectionery among others. After this announcement company improved their product portfolio and generates adequate revenue.
Regional Analysis
Geographically, the countries covered in the specialty paper market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa.
As per Data Bridge Market Research analysis:
Europe is the dominant region in specialty paper market during the forecast period 2022 to 2029
Europe dominates the specialty paper market due to increasing expenditure on residential, non-residential, and civil engineering activities in numerous European Union (EU) nations such as, the U.K., Germany, and France which would improve the product demand in this region. Also, the region has top manufacturers in the food and beverage industry, further enhancing the market growth.
Asia-Pacific is estimated to be the fastest-growing region in specialty paper market the forecast period 2022 to 2029
Asia-Pacific is expected to grow from 2022 to 2029 due to increasing demand for specialty paper in ink printing industries, which enhances the demand for specialty paper. Also, the increasing use of specialty paper on bottles as labels is also increasing the market growth.
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