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The global specialty paper market reached a volume of 32.8 Billion Metric Tons in 2021. Looking forward, IMARC Group expects the market to reach 41.4 Billion Metric Tons by 2027, exhibiting at a CAGR of 4% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Specialty paper refers to a special grade of paper which possesses specific properties and characteristics. It is designed for particular uses such as printing currency notes, packing beverages, water filtration, etc. For instance, thermal paper, a kind of specialty paper, has a coating on it which provides a clear and high-definition image when exposed to heat. Owing to its properties, specialty paper finds applications in diverse industries including healthcare, construction, packaging and labelling, retail, and laundry care.
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Specialty paper provides enhanced moisture retention, pH levels and hygiene which makes it suitable as a packaging material in sectors such as food and beverage, lifestyle and cosmetics. In addition, rising disposable incomes have resulted in an increase in the demand for high-quality packaging material, thereby boosting the market growth. Apart from this, busy lifestyles have increased the consumption of instant tea premix sachets which are made from specialty paper. Further, specialty paper is used in the production of masking tapes which are used to mask off walls and doorframes. Growth in the construction industry, especially in the emerging regions, has also stimulated the demand for masking tape, in turn, driving the market growth.
IMARC Group provides an analysis of the key trends in each sub-segment of the global specialty paper market, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on type, raw material and application.
Breakup by Type
Based on the type, the market has been segmented into label and release papers, printing papers, flexible packaging papers, rolling papers, décor papers, banknotes and security papers, and others. Out of these, label and release papers currently account for the majority of the global market.
Breakup by Raw Material
On the basis of raw material, the market has been divided into pulp, fillers and binders, additives, coatings and others.
Breakup by Application
The market has also been segmented on the basis of application. Packaging and labelling dominates the market followed by printing and writing, industrial use, building and construction, food service and others.
Breakup by Region:
Region-wise, the market has been segmented into Europe, Asia Pacific, North America, Middle East and Africa, and Latin America.
The competitive landscape of the market has also been examined with some of the key players being International Paper Company, Stora Enso, Nippon Paper Group, Inc, Mondi PLC., Sappi Ltd., ITC Ltd., Domtar Corporation, Glatfelter, Fedrigoni and Munksjo Group.
This report provides a deep insight into the global specialty paper market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the specialty paper industry in any manner.
|Base Year of the Analysis||2021|
|Units||Billion Metric Tons|
|Segment Coverage||Type, Raw Material, Application, Region|
|Region Covered||Europe, Asia Pacific, North America, Latin America, Middle East and Africa|
|Companies Covered||International Paper Company, Stora Enso, Nippon Paper Group, Inc, Mondi PLC., Sappi Ltd., ITC Ltd., Domtar Corporation, Glatfelter, Fedrigoni and Munksjo Group|
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The global specialty paper market reached a volume of 32.8 Billion Metric Tons in 2021.
We expect the global specialty paper market to exhibit a CAGR of 4% during 2022-2027.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary closure of various end-use industries for specialty papers.
The rising adoption of specialty paper across numerous industry verticals, such as food and beverage and cosmetics, as a packaging material to enhance moisture retention, pH levels, and hygiene, is primarily driving the global specialty paper market.
Based on the type, the global specialty paper market can be categorized label and release papers, printing papers, flexible packaging papers, rolling papers, décor papers, banknotes and security papers, and others. Currently, label and release papers hold the majority of the total market share.
Based on the raw material, the global specialty paper market has been segmented into pulp, fillers and binders, additives, coatings, and others, where pulp currently exhibits clear dominance in the market.
Based on the application, the global specialty paper market can be bifurcated into packaging and labeling, printing and writing, industrial use, building and construction, food service, and others. Among these, packaging and labeling accounts for the largest market share.
On a regional level, the market has been classified into Europe, Asia-Pacific, North America, Latin America, and Middle East and Africa, where Europe currently dominates the global market.
Some of the major players in the global specialty paper market include International Paper Company, Stora Enso, Nippon Paper Group, Inc, Mondi PLC., Sappi Ltd., ITC Ltd., Domtar Corporation, Glatfelter, Fedrigoni, and Munksjo Group.
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