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According to the estimates by IMARC Group, the global stone paper market is expected to witness a CAGR of 2.6% during 2021-2026.
Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary closure of numerous manufacturing units and supply chain disruptions of stone paper products.
The rising concerns towards deforestation and exploitation of natural sources of timber have promoted the use of an alternative, environment-friendly paper composition, thereby representing one of the key drivers for the global stone paper market.
Increasing R&D activities in the manufacturing techniques of stone paper by using calcium carbonate and other organic compositions represent one of the key trends in the global stone paper market.
On the basis of the application, the market has been divided into paper packaging, labelling paper, self-adhesive paper, and others. Among these, paper packaging represents the largest segment.
Region-wise, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where Asia Pacific dominates the global market.
The key companies in the global stone paper market are Stone Paper Company Ltd., Kapstone Paper, Gaia-Concept BV, Taiwan Lung Meng Technology Co. Ltd, Sòluz Stone Paper S.A., Packaging Corporation and Parax Paper.
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