The Global Specialty Paper Market size is estimated to reach USD 36.77 billion from USD 41.49 Billion in 2021, delivering a CAGR of 6.20% through 2030. The market growth is driven by the immense growth in the e-commerce & logistics business coupled with technological advancements in the packaging mechanisms & equipment.
Specialty papers are ideal for a wide range of applications ranging from paper currency to coffee filters, insulation paper, carbonless copy paper, décor papers, and others. Increasing product applications in e-commerce activities such as storage, transport, and packaging are offering lucrative scope for industry growth. Apart from high-end packaging items, its application includes printing and decorating invitations.
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Further key findings from the report suggest
- Based on product type, the decor paper segment contributed to the largest market share in 2019 in terms of both volume and revenue and is estimated to witness a notable growth rate through 2027 on account of its wide range of applications in paneling, furniture, and flooring surfaces. The décor paper segment will lead the market in the forecast period
- Based on raw material, the filler segment accounts for 30.3% of the specialty paper market share and is anticipated to generate significant revenue over the forecast period.
- In terms of application, the packaging and labeling segment accounted for 25 % of the market in terms of volume and is set to witness notable CAGR through 2027.
- In the regional landscape, Europe is estimated to witness a CAGR of 2.2%, contributing to the maximum revenue generation by 2027. Europe is the largest exporter of paper in the world. The growing trend of online shopping and the expansion of packaging & product distribution in the region will boost industry growth.
Key participants in the global specialty Michelman Inc,
- Domtar Corporation,
- Nippon Paper Group,
- International Paper,
- Mondi Plc,
- Stora Enso,
- Oji Holdings Corporation,
- ITC Ltd,
- WestRock,
- Fedrigoni,
- Asia Pulp & Paper Co. Limited,
For this report, Reports and Data has segmented the Global Specialty Paper Industry based on product type, raw material type, application, and region:
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Product Type Outlook (Revenue: USD Billion; Volume: Million Tons; 2019-2030)
- Packaging Paper
- Printing Paper
- Décor
- Release Liner
- Kraft
- Thermal
- Carbonless
- Others
Raw Material Type Outlook (Revenue: USD Billion; Volume: Million Tons; 2019-2030)
- Fillers
- Binders
- Pulp
- Coatings
- Additives
- Others
Application Outlook (Revenue: USD Billion; Volume: Million Tons; 2019-2030)
- Construction
- Printing
- Industrial
- Packaging
- Labeling
- Medical
- Others
Regional Outlook (Revenue: USD Billion; Volume: Million Tons; 2019-2030)
- North America
- U.S.
- Europe
- Europe
- U.K.
- France
- Asia Pacific
- China
- India
- Japan
- Latin America
- Brazil
- Middle East & Africa
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