Increasing standards of living, urbanization, and changes in consumer behavior is intensifying the need for products that comprises of specialty papers. The specialty paper is considered as one of the niche segment of the paper industry. Specialty papers are superior grades of paper which are manufactured or converted subsequently for a specific use. These specialty papers have specific features and properties and requires competencies within the design, print technologies, and specialized know-how about paper along with impregnation techniques. For manufacturing specialty paper, it principal materials includes wood pulp, fibers, composites and nano based materials, fed into the machine and with the help of chemicals it is converted into specialty paper for a specific end users.
Specialty Paper Market: Drivers & Restraints
The key driver contributing to the growth of the global specialty paper market is its increasing usage in the E-technology. The growing acceptance of the online shopping in both developed and developing regions, is likely to push the demand for global specialty paper market. Also, acceleration in the global industrial output, along with increase in the consumer expenditure on packed goods across the globe, and demographic drifts such as increase in the number of urban population is further going to drive the market for specialty paper market. Green related issues are another major factor contributing the development in the global specialty market. The availability and high cost of the raw materials is a major constraint in the global specialty paper market.
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Specialty Paper Market: Segmentation
On the basis of product type, the global specialty paper market is segmented into:
- Décor papers
- Release & Label
- Flexible packaging papers
- Pharmaceutical leaflet papers
- Others (Abrasive backings, Automotive, Construction, Kitchen worktops and furniture, among many others)
On the basis of raw materials, the global specialty paper market is segmented into:
- Fillers and Binders
- Others (Coatings, Fiber and Chemicals, among many others)
On the basis of application, the global specialty paper market is segmented into:
- Building & Construction
- Industrial application
- Printing & Writing
- Others (Banking among others)
Specialty Paper Market: Region-wise Outlook
On the basis of region, Europe (followed by North America) is anticipated to grow at a comparatively higher CAGR, as the market is escalated by factors includes increasing disposable income, increasing specialty paper end-use application, and its easy availability. Asia pacific is expected to show the fastest growth in the global specialty market mainly due to increasing population growth, urbanization, industrial trends and growing international trade in Asia Pacific region. In last few years, the market has grown much and this growth is projected to continue. Apart from regions, across all countries, US holds the largest market share. The highest growth rates are expected in India, China, and Indonesia along with regions such as Brazil, Mexico, South Africa and Russia are expected to show healthy growth in the near future.
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Specialty Paper Market: Key Players
Some of the key participants identified in the global specialty paper market are Nippon Paper Group, International Paper, Domtar Corporation, Imperial Tobacco Company, Stora Enso, Mondi Plc, Sequana, Sappi ltd., Munksjo Corporation, and Glatfeller among many others.