GCC Stone Paper Market Share, Size, Growth, Opportunity and Forecast 2021-2026

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

GCC Stone Paper Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The GCC stone paper market grew at a CAGR of around 23% during 2015-2020. Stone paper refers to a white-colored paper variant that is primarily manufactured by combining calcium carbonate (limestone) and high-density polyethylene resin (HDPE). It is non-toxic, fire-, grease- and water-resistant, food-safe, recyclable, etc. Stone paper is an ecologically sustainable alternative of conventional paper as it is derived from naturally-occurring limestone, thereby limiting the dependency on wood. As a result, it finds extensive applications in the manufacturing of packaging materials, stationery goods, adhesives, cutlery, etc.

In the GCC region, the rising environmental concerns towards continuous depletion of natural timber for paper production are primarily driving the demand for eco-friendly alternatives, such as stone paper. Additionally, the wide availability of limestone in the region due to favorable geographic conditions is also propelling the market for stone paper. Furthermore, the limited presence of forest cover and inadequate water resources across the GCC countries are augmenting the demand for stone paper as a dependable substitute for conventional paper. Apart from this, the expanding packaging industry is further catalyzing the demand for stone paper in producing various packaging materials, including pouches, bags, boxes, etc. Additionally, the growing consumer awareness towards the recyclable and eco-friendly nature of stone paper is also bolstering its usage in the printing sector. In the coming years, the declining usage of single-use plastic products will further continue to drive the demand for stone paper-based bags and food containers in the GCC region. Looking forward, we expect the GCC stone paper market to continue its robust growth during the next five years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the GCC stone paper market report, along with forecasts for growth at the region level from 2021-2026. Our report has categorized the market based on region and application.

Breakup by Application:

Packaging
Printing and Writing
Others

Breakup by Country:

Saudi Arabia
United Arab Emirates
Qatar
Kuwait
Oman
Bahrain

Competitive Landscape:

The competitive landscape of the market is characterized by the presence of numerous small and large manufacturers who compete in terms of prices and quality. Some of the leading players operating in the market are Azerbaijan Green Paper Company, Hangzhou Gerson Paper Co. Ltd, Pishgaman Sanat Sabz Company, Shanxi Uni-Moon Lungmeng Green Paper Co. Ltd., Shenzhen Stone Paper New Materials Co. Ltd, Taiwan Lung Meng Technology Corporation Limited and TBM Co. Ltd.

Key Questions Answered in This Report:

How has the GCC stone paper market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the GCC stone paper market?
What are the key regional markets?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the GCC stone paper market and who are the key players?
What is the degree of competition in the industry?