Sales of specialty paper will reach nearly 25000 thousand tons in
2017, and this number is further estimated to exceed 40,000 thousand
tons by 2027-end, according to a report by Future Market Insights
(FMI). FMI’s report projects the global specialty paper market to
register a steady 5.2% volume CAGR during the forecast period 2017 to
2027. The market is estimated to exhibit an absolute $ opportunity of
US$ 21.59 Bn during the forecast period.
Speciality paper sales in Western Europe, the largest market for
specialty paper, are expected to surpass 10,000 thousand tons by
2027-end, followed by North America and Asia Pacific Excluding Japan
(APEJ). However, APEJ is projected to be the fastest-growing market
at 6.7% volume CAGR in the global specialty
paper market, followed by Japan and Eastern Europe. North America
will hold highest share of the market in terms of value (Bn).
Widespread availability of a variety of application-specific
specialty paper including décor paper, thermal paper, label paper,
carbonless paper, release liners, and kraft paper have been driving
the growth of the market. FMI’s report states that kraft paper will
be the most attractive product in the market, followed by décor and
label. Sales of Kraft paper is expected to reach 10,582.7 thousand
tons by 2027-end. Décor and label are projected to register 5.7% and
5.4% volume CAGRs respectively through 2027.
Based on end-users, packaging & labelling industry is expected to
remain dominant over the global specialty paper market during the
forecast period. This industry is projected to exhibit largest demand
for specialty paper and register a highest volume CAGR of 5.9%
through 2027, followed by building & construction, and food &
beverage industries. In contrast, electrical industry is anticipated
to exhibit the lowest 3.9% volume CAGR through 2027.
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Growing sales of pharmaceutical products is influencing the growth of
packaging & labelling industry. Thermal paper caters to labelling
requirements of pharmaceutical products for providing information
including expiry date, price, and other related data of the product
in brief. Growing consumption of beer has influenced the growth of
beer bottle and specialty paper manufacturers globally. These
manufacturers focus primarily on innovation in labels for gaining
consumer attraction. These factors are expected to drive the growth
of the global specialty paper market during the forecast period. In
addition, widespread application of glassine paper, which is
resistant to water and grease, as a protection to food including meat
and baked products is further fuelling the market growth.
Developed economies are inclining toward polyethylene terephthalate
packaging owing to its property of multi-layer protection. This
offers longer shelf life and sustainability to products as compared
to specialty paper. In addition, regulatory authorities are focusing
on overcoming deforestation and carbon emissions- . Reduced tree
cutting will directly impact the availability of wood for specialty
paper production. The aforementioned factors are estimated to
restrain market growth during the forecast period.
Key players identified in FMI’s report include Mondi Ltd., Nippon
paper industries Co., Ltd., Domtar Corporation, Stora Enso Oyj,
International Paper Co., P.H. Glatfelter Co., UPM-Kymmene Oyj,
AhlstromMunksjö Oyj, Oji Holdings Corp., Fedrigoni Spa.
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