Zion Market Research, the market research group announced the analysis report titled ‘Global Specialty Paper Market: Size, Trends, Industry Share and Forecast, 2016 – 2024’
Global Specialty Paper Market: Overview
Specialty papers are superior quality papers that are designed for specific purposes. They possess specific features and properties along with proficiency in print technologies and design. These papers are manufactured by using nano-based materials, wood pulp, fibers, and composites; together they are fed into the machines with certain chemicals and then they are converted into specialty paper. Specialty paper holds some special performance characteristics such as chemical properties, physical properties, electrical properties, optical properties, and others. Specialty thermal papers are used for the labeling purpose in the packaging industry. They can be used in various end-use industries which include retail, laundry care, healthcare, and others.
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Global Specialty Paper Market: Growth Factors
The growth of the market is attributed to the increasing usage of specialty paper in the e-technology. Increasing adoption of the specialty paper in both developed and developing regions anticipates driving the global specialty paper market. Rising industrial output owing to increasing consumer expenditure on packed goods will enhance the market in a positive way. Growth in the urban population and the rising awareness towards specialty paper are some of the key drivers that are contributing to the growth of the market. Specialty paper is a major segment of the paper industry; changes in the consumer behavior, rapid urbanization, and rising standards of living are expected to open up new growth opportunities. Many vendors are focusing on going eco-friendly due to the adverse environmental effects that are caused due to deforestation. However, lack of availability and the high cost of the raw materials may restrain the global specialty paper market growth.
Global Specialty Paper Market: Segmentation
The global specialty paper market is segregated based on the application, product type, and raw materials. The application segment is categorized into printing & writing, building & construction, industrial application, and others. On the basis of product type, the global market is fragmented into flexible packaging papers, décor papers, pharmaceutical leaflet papers, release & label, and others. Furthermore, the raw material segment is divided into fillers and binders, additives, pulp, and others.
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Global Specialty Paper Market: Regional Analysis
The specialty paper market is dominated by the European region. This is due to the increasing use of the specialty paper in the end-user applications and its easy availability. Asia Pacific region also expects to witness significant market growth in the near future due to the increasing disposable income, population growth, rapid urbanization, and the growing international trade in the region. North America is expected to be a mature market in which the US holds the largest market share. Other emerging economies such as South Africa, China, Russia, Brazil, and India expect to show a healthy market growth in the near future. Latin America anticipates showing a strong market growth in the coming years.
Global Specialty Paper Market: Competitive Players
The key market players in the global specialty paper market include Munksjo Corporation, Nippon Paper Group, Imperial Tobacco Company, Mondi Plc., Domtar Corporation, International Paper, Glatfeller, Sequana, Stora Enso, and Sappi Ltd.
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Specialty Paper Market by Geographical Analysis: North America( U.S.), Europe( UK, France, Germany), Asia-Pacific (China, Japan, India), Latin America( Brazil), Middle East and Africa
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