Market Size of Specialty Papers Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 6.80 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Specialty Paper Market Analysis
The speciality papers market is expected to register a CAGR of 6.8% over the forecast period. Specialty paper provides enhanced moisture retention, pH levels, and hygiene, making it suitable for packaging materials in the food and beverage, lifestyle, and cosmetics industries. Also, rising disposable incomes have increased the demand for high-quality packaging material, boosting the market growth.
- The changing lifestyle has increased fast food consumption, and eat-on-the-go food has propelled growth. Also, the increasing trend of online food ordering and delivering it to the doorstep is expected to support market growth. This trend has surged since covid. The food delivery restaurants use speciality paper to pack products to prevent the development from becoming dishevelled by the customer. The growth in online delivery will support market growth. For instance, according to The Economic Times, the size of online food delivery experienced a decline owing to COVID-19 and restrictions on the moment for goods. Still, the market is projected to regain traction by 35 % and reach USD 12.8 billion by 2025.
- Sustainable improvement in the specialty paper, such as water-based barrier coating and lightweight and special performance coating, is rising due to constant research and development in enhancing specialty paper. Likewise, high-performance composites, biodegradability, and nano-materials are poised to give rise to new markets in the foreseeable future and will continue to boost the global market growth.
- The market is gaining traction owing to its rising applications in the e-commerce activities such as packaging, storing, and transportation. Other basic applications of specialty papers other than high-end packaging include printing invitations and decoration. Additionally, the growing usage of the latest design, colors, and materials in home decor drives new and advanced décor papers. Owing to its convenience, strength, and less environmental impact, kraft paper is witnessing growing demand for wrapping, sacks, and pouches to handle goods.
- Moreover, the availability of customizable specialty paper products with specific properties according to end-user preference is an advantage driving the global specialty paper market. However, carbon emissions from the paper manufacturing processes and deforestation are projected to be a substantial disadvantage of specialty papers, hindering their market growth.
- With the recent outbreak of COVID-19, the specialty papers manufacturer is facing supply chain disruption and decreasing manufacturing at the site in many parts of the world. However, Governments across the globe have deemed food-related businesses essential, owing to which the demand for packaging from specialty papers is expected to be steady during the period. Further, the Russia-Ukraine war has an impact on the overall packaging ecosystem
Specialty Paper Industry Segmentation
The market is defined based on the demand for speciality paper through the revenue derived from sales of Kraft Paper, Container Board/Paper Board, Label Paper, Silicon-based Paper, and Other speciality papers to the different end-user industries such as packaging & labelling, food service, printing & publications, building & construction, and others. The study presents the current status and prospects of the speciality papers market. The overall impact of COVID-19 on the ecosystem has been considered in the market prospects.
The Specialty papers market is segmented by Type (Kraft paper, Container Board/Paper Board, Label Papers, Silicon-based papers), End-user Industry (Packaging & Labelling, Food Service, Printing & Publication, Building & Construction), and Geography. The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.
| By Type | |
| Kraft Paper | |
| Container Board/Paper Board | |
| Label Paper | |
| Silicon-based Paper | |
| Others |
| By End-user Industry | |
| Packaging & Labelling | |
| Food Service | |
| Printing & Publication | |
| Building & Construction | |
| Other End-user Industries (lamination, retail bags etc.) |
| By Geography | ||||||
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| Middle East and Africa |
Specialty Papers Market Size Summary
The specialty paper market is poised for significant growth, driven by its increasing applications across various industries such as food and beverage, lifestyle, and cosmetics. The demand for specialty paper is bolstered by its properties like enhanced moisture retention, pH levels, and hygiene, making it an ideal choice for high-quality packaging materials. The rise in disposable incomes and changing consumer lifestyles, including the surge in fast food consumption and online food delivery services, have further propelled the market. Innovations in sustainable specialty paper, such as water-based barrier coatings and the use of high-performance composites, are expected to create new market opportunities. Despite challenges like carbon emissions and deforestation, the market continues to expand, supported by the growing e-commerce sector and the need for effective packaging solutions.
The specialty paper market is characterized by intense competition, with key players focusing on sustainability and product differentiation to capture a larger market share. Strategic acquisitions and expansions in product offerings are common as companies aim to enhance their regional presence and meet the evolving demands of consumers. The market's growth is also supported by the increasing use of specialty paper in the food service industry, where it is utilized for packaging takeaway items due to its excellent barrier performance and flexibility. The North American region, particularly the United States, is a significant contributor to the market's expansion, driven by the quick-service restaurant industry and the rising consumption of specialty paper in various applications. Key developments in the industry, such as investments in sustainable packaging solutions and mergers, indicate a strong focus on innovation and growth in the specialty paper sector.
Specialty Papers Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Market Overview
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1.2 Industry Value Chain Analysis
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1.3 Industry Attractiveness - Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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1.4 Assessment of the Impact of COVID-19 on the Market
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2. MARKET SEGMENTATION
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2.1 By Type
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2.1.1 Kraft Paper
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2.1.2 Container Board/Paper Board
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2.1.3 Label Paper
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2.1.4 Silicon-based Paper
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2.1.5 Others
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2.2 By End-user Industry
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2.2.1 Packaging & Labelling
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2.2.2 Food Service
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2.2.3 Printing & Publication
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2.2.4 Building & Construction
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2.2.5 Other End-user Industries (lamination, retail bags etc.)
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2.3 By Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.2 Europe
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2.3.2.1 Germany
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2.3.2.2 United Kingdom
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2.3.2.3 France
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2.3.2.4 Rest of Europe
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2.3.3 Asia Pacific
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2.3.3.1 China
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2.3.3.2 India
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2.3.3.3 Japan
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2.3.3.4 Rest of Asia Pacific
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2.3.4 Latin America
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2.3.4.1 Brazil
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2.3.4.2 Mexico
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2.3.4.3 Rest of Latin America
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2.3.5 Middle East and Africa
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Specialty Papers Market Size FAQs
What is the current Specialty Papers Market size?
The Specialty Papers Market is projected to register a CAGR of 6.80% during the forecast period (2024-2029)
Who are the key players in Specialty Papers Market?
Nippon Paper Industries Co., Ltd., Stora Enso Oyj, Sappi Limited, Mondi Group PLC and International Paper Company are the major companies operating in the Specialty Papers Market.
