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The stone paper market size is forecast to increase by USD 1.94 billion, at a CAGR of 4.97% between 2023 and 2027. Market expansion hinges on various factors, such as the escalating worries about deforestation, the increasing demand for top-notch and effective labeling, and the enforcement of strict government regulations pertaining to conventional paper. These elements collectively shape the trajectory of market growth, influencing industry practices and driving innovation in sustainable and efficient solutions. The ongoing emphasis on environmental preservation and the need for enhanced product identification and traceability are propelling the market towards eco-friendly and technologically advanced alternatives. As these concerns continue to gain prominence, businesses are compelled to adapt and cater to the evolving market landscape, fostering a sustainable and responsible approach to meet consumer and regulatory demands.
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In the ever-evolving world of packaging and construction materials, waterproof and self-adhesive papers have emerged as innovative solutions. Companies like Ball Corporation, International Paper, Sealed Air, and Kapstone are at the forefront of this industry, collaborating with raw material suppliers to ensure a steady stream of HDPE resin for their products. The supply chain matrix they operate in involves raw-material procurement and efficient sales strategies, supporting not only the production of traditional packaging material but also food and beverage packaging. These materials are not only used for packaging but also find application in the building and construction industry, particularly in the creation of durable roof tiles, resilient walls, and aesthetically pleasing decorative areas within homes, including living rooms, kitchens, bedrooms, and bathrooms. Beyond sales, these companies provide essential aftermarket services to support their products in the market, ensuring the sustainability and reliability of their offerings.
The rising concerns over deforestation are a key factor driving the global stone paper market growth. Deforestation is a prominent global environmental concern. There has been a rapid decline in the total forest cover across the world over the last decade. The expansion of heavy industries, the rising adoption of wood-based packaging, and increasing urbanization are some of the factors that are contributing to deforestation.
Moreover, the governments of various countries have introduced legislation and restrictions on deforestation to maintain a proper ecological balance and curb global warming. The decline in the availability of timber and stringent regulations on wood-based packaging globally are driving the growth of the global stone paper market during the forecast period.
The high demand for recyclable and eco-friendly products will fuel the global stone paper market growth. Most plastics are non-biodegradable, as they are made from by-products of crude oil and natural gas. Thus, the improper disposal of plastic packaging can contaminate the environment and lead to hazardous health issues. As a result, companies prefer eco-friendly packaging products to address these concerns. In addition, companies are constantly investing in research and development (R&D) and innovative packaging solutions that meet long-term sustainability goals. These goals include minimizing waste and resources in manufacturing, creating efficient after-use disposal and recycling processes, and improving transport efficiencies.
Mourrent innovation in the field of e-commerce is fixation packaging, which uses crepe paper to secure and fix the goods inside instead of the usual plastic foil. Apart from companies, consumers are opting for only sustainable packaging products and prefer eco-friendly packaging materials, such as stone paper. Such trends are expected to boost the demand for stone paper in the packaging industry during the forecast period.
Major Market Challenge
The greatest challenge faced by the market in 2020 was the shortage of raw materials, which was primarily attributed to the negative impact of the COVID-19 pandemic on the market. There was a shortage of raw materials used in the manufacturing of stone paper, such as calcium carbonate and high-density polyethylene resin (HDPE), and others. Manufacturers and suppliers of stone paper experienced these shortages due to factors such as restrictions on imports and exports imposed by governments globally, the rise in the prices of raw materials, and the shortage of workers in manufacturing units, which affected the manufacturing and distribution of these raw materials.
Furthermore, transportation costs also increased owing to the hike in fuel prices. Thus, the scarcity of the raw materials required for manufacturing stone paper will hamper production and distribution activities along with supply chains in the global stone paper market during the forecast period.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth and forecasting strategies.
Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
AM Packaging Co. Ltd. - The company offers stone paper that is used in printing packaging by manufacturers of cosmetics, garments, jewellery, food, chocolate, electronics, apparel, gift, promotions, shopping, fashion, and the office industry.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
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 share growth by the packaging paper segment will be significant during the forecast period. The demand for packaging paper is growing, owing to the rise in need from various end-user industries, such as food and beverage and healthcare. However, end-user industries need to ensure compliance with the regulations for sustainable production processes and waste disposal, and the use of safe materials for the health of consumers. This has resulted in a rise in the use of eco-friendly materials, including stone paper, for manufacturing paper packaging solutions.
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The packaging paper showed a gradual increase in a market share of USD 2.65 billion in 2017 and continued to grow by 2021. Packaging paper is biodegradable, which makes it environment-friendly. It is more sustainable than plastic, which makes it more acceptable to consumers. The reasons that make packaging paper solutions environment-friendly are that they are Recyclable, Reusable, and Save energy. Recyclables are made of materials that can be broken down by microorganisms, such as bacteria, after disposal. Hence, they take less time to disintegrate into their simpler forms. The environmental benefits associated with packaging paper will increase the demand from enterprises in various end-user industries, including retail, which will drive the growth of the market during the forecast period.
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APAC is projected to contribute 53% by 2027. Our analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The growth of the stone paper market in APAC can be attributed to the increased use of paper-based packaging across industries, such as healthcare, food and beverage, personal care, and retail. At present, there is a rising trend for using sustainable and eco-friendly products. Being sustainable and eco-friendly, stone paper-based packaging will contribute to the growth of the market in the region, with many countries pushing for sustainable packaging over plastic ones that pose a significant threat to the environment. With consumers and businesses looking for solutions that help not only in cost reduction but also keep the environment safe while complying with government regulations, higher demand for paper that can be recycled will further spur the use of stone paper as a packaging material during the forecast period.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2023 to 2027, as well as historical data from 2017 to 2021 for the following segments
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The aftermarket industries are increasingly focusing on sustainable alternatives, especially in the realm of packaging materials. The traditional use of cellulose-based paper has come under scrutiny due to its impact on water resources, carbon emissions, and the release of harmful substances such as acid and bleaching chemicals. In response, the paper packaging industry is witnessing a shift towards eco-friendly options, such as sack bags, fast food bags, carry bags, and premium retail bags that cater to the demands of fast-moving consumer goods (FMCG), the healthcare industry, and the food & beverage industry. Companies like The Stone Paper Company are leading the charge by offering innovative solutions such as stand-up pouches, heavy-duty bags, and side gussets made from environmentally friendly materials.
Moreover, the organizations like Bosch, an engineering and technology company, and A Good Company are integrating sustainable practices into their operations, leveraging e-commerce platforms and engaging with structured retail businesses to promote e-commerce trade while minimizing environmental impacts. The detrimental effects of traditional paper production, including deforestation, water contamination, and air contamination, are driving a push towards photodegradable materials and recycled options, aligning with stringent environmental regulations set by the Environmental Protection Agency (EPA). This shift seeks to address the damage caused by limestone mining activities involving drilling, blasting, crushing, and processing, which contribute to water depletion, forest deforestation, soil erosion, water pollution, and air pollution.
Furthermore, the adoption of recycled materials and the pursuit of environmental awareness are vital in mitigating the impact of monoculture plantations on biodiversity loss, soil and rock mass instability, and the degradation of agricultural land. The Clean Air Act (CAA) and environmental permitting regulations play a critical role in addressing issues such as mining effluent and soil deterioration, while the future holds promise for eco-friendly properties in packaging papers for the food and beverage industry, cosmetics industry, and healthcare product packaging. Innovations in packaging papers aim to deliver tear-resistant, insect-proof, fireproof, and grease-resistant solutions, with an emphasis on creating FDA-approved food packaging that is both sustainable and low cost. Ultimately, the industry is poised to capitalize on future key opportunities by embracing sustainable practices and minimizing production waste to create a more environmentally conscious and responsible ecosystem.
Industry Scope |
|
Report Coverage |
Details |
Page number |
161 |
Base year |
2022 |
Historic period |
2017 - 2022 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.97% |
Market growth 2023-2027 |
USD 1.94 billion |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
4.45 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 53% |
Key countries |
US, Canada, China, Japan, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
AM Packaging Co. Ltd., Anydesign srl, Etched LLC, Folkus, Gold Bond Inc., Karst Stone Paper, Magic Whiteboard Ltd., MOYU, Pishgaman Sanat Sabz Co., Shenzhen Stone Paper Enterprise Ltd., Sphera International, STAMPERIA INTERNATIONAL KFT., Stone Paper, STP STONE PAPER GmbH, Taiwan Long Meng Composite Materials Co. Ltd., TBM Co. Ltd., The Stone Paper Co., Uniprint, and Walgreen Co. |
Market dynamics |
Parent market analysis, Market Forecast, 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 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. |
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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 Material
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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