The North America specialty paper market reached a volume of 8.7 Million Metric Tons in 2018. Specialty paper refers to a superior quality paper, which is produced or designed for a specific application. It is manufactured using nano-based materials, composites, fibers and different types of pulp, such as recycled paper, cotton fiber, wood pulp and wood chips. Specialty paper possess various performance features including exceptional physical, optical, electrical and chemical properties. Owing to these properties, specialty paper finds applications in diverse industries including healthcare, construction, packaging and labeling, retail, and laundry care.
The North America specialty paper market is currently being driven by several factors. Specialty paper offers enhanced moisture retention, improved fluid and microbial resistance, robustness, brightness, and elasticity. Owing to this, the demand for specialty paper has increased in the food and beverages, lifestyle, and cosmetics sectors. Besides this, rising per capita incomes coupled with changing lifestyles have also fueled the demand for high-quality packaging material, thereby, boosting the specialty paper market growth. Moreover, growth in the construction industry has stimulated the requirement for masking tape, thus, driving the growth of the market in the region. Looking forward, IMARC Group expects the market to reach a volume of 11.8 Million Metric Tons by 2024, registering a CAGR of 5.2% during 2019-2024.
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