Enjoy complimentary customisation on priority with our Enterprise License!
The global specialty paper market size is forecast to increase by USD 13.59 billion at a CAGR of 5.09% between 2023 and 2028. The market's growth rate is contingent upon various factors, notably the evolving lifestyles in emerging economies, escalating demand for tamper-proof packaging, and the surging adoption of specialty thermal papers. These elements collectively drive the market's trajectory, reflecting shifting consumer behaviors, industry trends, and technological advancements that influence the demand in diverse sectors such as packaging, printing, and labelling. It also includes an in-depth analysis of drivers, trends, and challenges. Our report examines historical data from 2018-2022, besides analyzing the current market scenario.
The market is characterized by diverse applications across various industries, reflecting the demand for specialized paper products tailored to specific needs. Within the foodservice industry, specialty papers find extensive use in packaging grades for ensuring the safe transport and storage of food items, particularly in the form of food-grade specialty paper utilized for packaging ready-to-eat products. Moreover, in the pharmaceutical industry, it serves as essential medical packaging materials, ensuring the integrity and safety of pharmaceutical products during storage and transportation. In the building and construction sector, are utilized in building materials for applications such as masking tapes, contributing to efficient construction processes and enhancing structural integrity. Additionally, in the commercial industry, it plays a crucial role in advertisements and promotions, providing durable and visually appealing materials for various marketing campaigns and branding efforts.
The market share growth by the packaging and labelling segment will be significant during the forecast years. Packaging refers to enclosing and protecting products for storage, sales, and distribution. It also prevents the spillage of products. labelling, on the other hand, is the information written or printed on the package. It enables marketers to differentiate their products and gives consumers the necessary information on ingredients, instructions about use, and product disposal.
Get a glance at the market contribution of the End User segment Request Free Sample
The packaging and labelling segment was the largest and was valued at USD 14.74 billion in 2018. Papers such as sack kraft form are widely used for packing food, such as flour, sugar, and rice, due to their high elasticity and tear resistance. Whereas laminating products are used for packing sugar, salt, and chilli flakes and wrapping chocolate and toffees. This is due to their excellent print quality and high durability. These specialty products are also used for labelling. Apart from the food and beverage industry, packaging and labelling have wide applications in other sectors. For instance, wax base forms are used in packaging metal goods such as razor blades. Machine glaze forms are used to wrap machinery parts owing to their anti-rust properties, which will drive the packaging and labelling segment in the market during the forecast period.
Based on the type, the market has been segmented into decor, packaging, printing, release liner paper and others. The decor?segment will account for the largest share of this segment.?Decor products are a special type of coated product that is popularly used for decorative purposes in furniture, flooring, and interior design. Decor products are widely used as a top layer in laminate applications, providing an attractive finish and enhancing the overall appearance of furniture, flooring, and other surfaces. The technological advancements in printing and coating techniques enable the production of high-quality decor products with improved designed options, textures, and durability, which attracts the designers to utilize the decor products in innovative ways, enabling the expansion of the applications of the segment. Therefore, such factors are expected to drive the growth of the segment in the market during the forecast period.
APAC is estimated to contribute 42% to the growth of the global market during the projection period. Technavio's analysts have provided extensive insight into the market forecasting, detailing the regional trends and drivers influencing the market's trajectory throughout the projection period.
For more insights on the market share of various regions Request Free Sample
Further, one of the primary factors driving the regional market is the presence of China, which is the largest paper-producing country in the world, in addition to countries such as Japan. China is also the global leader in terms of document consumption, backed by its huge population and burgeoning industrial activity. Japan will be one of the prominent countries driving the growth of the market. In addition to the advanced economies such as Japan, increasing economic activities and lifestyle changes in the emerging economies will be important aspects propelling the growth in APAC. The presence of key emerging economies such as China, India, and Indonesia will play pivotal roles in driving the market.
In addition, the awareness of hygiene has lifted the consumption of tissue in APAC, which is extensively used for maintaining hygiene. They are of different types, including bathroom tissue, wipes, towels, and facial tissue forms. The economic activities and growing disposable income in APAC have amplified visits to food service outlets. As tissue papers are extensively used in the food service industry, it will further drive the demand for these products in APAC. Therefore, such factors are expected to drive the growth of the regional market during the forecast period.
The market is being driven by diverse industries such as the foodservice, pharmaceutical, and packaging sectors. Trends indicate a rising demand for eco-friendly options like Kraft papers and biodegradable materials, especially in food-grade specialty paper for safe packaging. However, challenges persist with the need for innovative solutions to address post-consumer waste and ensure durability in applications like building and construction. Additionally, the market faces complexities in meeting diverse printing and writing needs while maintaining moisture resistance and printability, particularly in the healthcare and automotive industries.
Changing lifestyles in emerging economies are notably driving market growth. With economic development in many countries, urbanization and disposable incomes have increased. Consequently, the increasing disposable incomes and hectic lifestyles of the population in these emerging economies have started driving the demand for packaged food products and organized retailing, as time-pressed individuals are readily spending on packaged food products that are convenient in terms of preparation and consumption. As specialty paper is used in the food services sector for packaging takeout products, the increasing consumption of packaged food is expected to drive the demand for specialty paper.
Additionally, issue paper has various applications, such as wipes, paper towels, and facial tissue paper, and it is increasingly used in emerging economies. Rapid urbanization in emerging economies, awareness of hygiene, and growth in the number of food service outlets are likely to drive consumption. As tissue paper forms a segment of specialty paper, the increasing use of tissue paper will drive the growth of the market during the forecast period.
Growing preference for a circular economy is an emerging trend shaping market growth. The shift in preference for recovered paper as a raw material for pulp production is one of the growing trends in the market. The use of recycled fibers can significantly reduce energy consumption and reduce waste in landfills. Recovered specialty pulp is used alone or in combination with other types of virgin pulps to produce specialty products such as decor, tissue, and writing. Recycling a ton of printing and writing and newspapers is likely to save almost 1-2 tons of wood.
However, shifting towards a circular economy presents economic advantages. It encourages innovation, stimulates job creation in sectors such as recycling and remanufacturing, and fosters new business models based on resource efficiency. The market is witnessing increasing investments in recycling and expansion of production capacity plants. The growing emphasis on the circular economy due to environmental concerns is likely to have a positive impact on the market trends during the forecast period.
Stringent laws and regulations for effluents from production facilities are a significant challenge hindering market development. Manufacturing of these products leads to the emission of various hazardous gases, such as sulfur dioxide, nitrogen oxide, carbon monoxide, and a significant amount of dust. In addition, while manufacturing pulp is required for production, wood is bleached with chlorine, which results in the emission of free chlorine into the atmosphere. Emission of such gases can cause various respiratory disorders among people who reside near the production facilities.
However, the water discharged contains high amounts of organic substances, which can be harmful to flora and fauna. Furthermore, it can lead to the pollution of water bodies, making the water unfit for consumption. Therefore, the governments of many countries have set benchmarks to be followed before discharging effluents. Such rules and regulations can increase the expenditure needed for processing the effluents, which can result in decreased profit margins for manufacturers of these specialty products during the forecast period.
Companies are implementing various market growth and forecasting strategies by analyzing factors such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product or service launches to enhance their presence in the market.
Ahlstrom Holding 3 Oy - The company offers specialty papers, including coated products, papers for textile industry, office, RFID inlay release material and sticky notes papers in various colors, PCB and CCL lamination aid, industrial and transparent packaging, envelope window papers and industrial release materials.
The report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including Ahlstrom Holding 3 Oy, Billerud AB, Burgo Group SpA, FEDRIGONI Spa, Glatfelter Corp., International Paper Co., ITC Ltd., Koehler Paper SE, LINTEC Corp., Mativ Holdings Inc., Mondi Plc, Nippon Paper Industries Co. Ltd., Nordic Paper AS, Paper excellence, Sappi Ltd., Sinar Mas, Stora Enso Oyj, Twin Rivers Paper Co., UPM Kymmene Corp., and WestRock Co.
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market research and growth report predicts market growth analysis by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
The market is experiencing significant growth driven by various factors such as rising consumer demand, innovations in paper methods, and growing urbanization. Eco-friendly packaging, infrastructure development, and sustainable packaging practices are also contributing to this growth. Specialty papers find applications in diverse industries including automotive, electrical, and packaging. The market is witnessing rising adoption due to its unique properties and benefits in various applications. However, the industry faces restraints such as economic factors and environmental concerns. Companies like International Paper are actively involved in research & development activities to enhance their product offerings. The market is segmented into various types of specialty papers such as décor, printing paper, and functional paper, catering to the diverse needs of industries like pharmaceuticals, printing, and packaging.
Additionally, the market is experiencing a surge in demand due to the rising need for wearable solutions and the expanding packaging sector. Specialty papers, a subset of the broader paper industry, offer unique characteristics and cater to various applications such as coffee filters and pharmaceutical leaflet paper. Despite growth prospects, the market faces restraints, including challenges in the specialty chemicals sector and competition from paper currency alternatives. However, companies like Domtar Corporation are innovating in packaging materials to meet evolving customer demands. Specialty papers find usage in diverse sectors, including electricals, e-commerce, and stationery, driving the market's expansion. With increasing adoption across industries, the future of the market looks promising.
Market Scope |
|
Report Coverage |
Details |
Page number |
185 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.09% |
Market growth 2024-2028 |
USD 13.59 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
4.52 |
Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
Performing market contribution |
APAC at 42% |
Key countries |
US, China, India, Japan, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Ahlstrom Holding 3 Oy, Billerud AB, Burgo Group SpA, FEDRIGONI Spa, Glatfelter Corp., International Paper Co., ITC Ltd., Koehler Paper SE, LINTEC Corp., Mativ Holdings Inc., Mondi Plc, Nippon Paper Industries Co. Ltd., Nordic Paper AS, Paper excellence, Sappi Ltd., Sinar Mas, Stora Enso Oyj, Twin Rivers Paper Co., UPM Kymmene Corp., and WestRock Co. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.