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The research report on Specialty Paper Market is segmented by Raw Material, by Product Type, by Application, by Region – Size, Share, Outlook, and Opportunity Analysis, 2018 – 2025
Specialty Paper Market – Size, Share, Outlook, and
Opportunity Analysis, 2018 – 2025
Paper is a versatile product and has applications in education, communication,
information, and packaging. Specialty papers are special grades papers exhibiting
properties such as strength, dimensional stability, density, porosity, smoothness, wet
strength, and absorptivity. They are manufactured and designed for a special
purpose. Based on product type specialty paper is segmented into décor paper,
release liner, label paper, packaging paper, and printing paper. Printing and writing
papers include paper used for books, magazines, wedding invitations, office and
home printers, birthday cards, printed photos and vital documents such as birth
certificates, social security cards, and diplomas.
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Increasing concern regarding environmental sustainability is encouraging use of
recycled paper and recycled paper products. Utilization of renewable resource-based
materials, lightweight materials, and functional materials for specialty papers is
gaining significant traction. Plants such as hemp, kenaf, and bamboo yield fiber
faster than trees and agricultural waste such as sugar cane, straw from wheat and
rice, and byproducts from coffee, banana, and coconut plants are also used for the
specialty paper production. Various economies like United Kingdom, Australia have
banned plastic bags, owing to their adverse side effects on the environment. This
provides a choice to customers for paper bags and specialty papers provide the
required strength to carry the household goods. Handmade paper, recycled paper
are used for these applications.
Market​ ​Dynamics
● A major driver for growth of the global specialty paper market is growing food
and beverage sector. For instance, according to Food
Drink
Europe,
food and drink industry in European Union (EU) in 2016, was valued over US$
1265 billion. Furthermore, food and drinks products of over US$ 106 billion
were exported to non-EU market in 2016.
● However, carbon emissions arising from paper manufacturing process may
hamper growth of the global specialty paper market. Many paper units in
China closed down sue to the ban on waste paper due to pollution issues.
According to United States Environmental Protection Agency (EPA), it is
mandatory for owners or operators of facilities that produce pulp or paper and
emit 25,000 metric tons or more of Green House Gases per year from pulp
and paper manufacturing processes, stationary combustion, miscellaneous
uses of carbonate, and other source categories must report emissions.
Stringent regulations on food and beverage packaging is another restraint for
global specialty paper market growth.
Market Outlook
● According to the Coherent Market Insights analysis, Europe held the dominant
position in the market in 2017, and Asia Pacific is projected to be the fastest
growing region in the global specialty paper market, owing to high
consumption of tea, which is propelling demand for specialty paper in packet
tea application. According to Food Drink Europe, In European Union (EU),
there was 9% increase in processed tea and coffee import from 2014-2015.
● Among applications, the packaging and labeling segment is projected to
gain major traction over the forecast period, owing to high demand for
specialty paper from the packaging industry.
Key players in Global Specialty Paper Market
● Key players operating in the global specialty paper market include Nippon
Paper Group, Inc, ITC Ltd, Munksjo Group, International Paper
Company,Stora ENSO Oyj, Domtar Corporation, Mondi Plc., Oji Holdings
Corporation, Asia Pulp & Paper Co. Limited, Sappi Limited, Verso
Corporation, and Potsdam Specialty Paper Inc.
● Manufactures are expanding their production capacity and product portfolio as
a part of strategic planning. For instance, in December 2017, ITC ltd planned
to expand the capacity of its decorative paper making facility in West Bengal,
India. This unit is known for manufacturing low density paper used to print
Bibles, which is also exported by the company.
● In August 2018, KPS Capital Partners, LP announced that it sold Expera
Specialty Solutions, LLC to Ahlstrom-Munksjö Oyj a global leader in
fiber-based materials. Expera is a manufacturer of specialty paper products
for the industrial & technical, food and pressure-sensitive release liner
segments.
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Author
apeksha motghare
apeksha motghare455   documents Email
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