Stone Paper Market by Application, Material and Geography - Forecast and Analysis 2023-2027

The stone paper market is estimated to grow at a CAGR of 4.97% between 2022 and 2027. The size of the market is forecast to increase by USD 1943.79 million. The growth of the market depends on several factors, including the rising concerns over deforestation, the expanding need for high-quality and efficient labelling, and the implementation of stringent government regulations related to traditional paper.

This report extensively covers market segmentation by application (packaging paper, self adhesive paper, labelling paper, and others), material (calcium carbonate, high-density polyethylene, and others), and geography (APAC, North America, Europe, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021. 

What will the Size of the Stone Paper Market be During the Forecast Period?

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Parent Market Analysis 

Technavio categorizes the global stone paper market as a part of the global paper products market within the materials industry. The parent global paper products market covers manufacturers of all grades of paper. Our research report has extensively covered external factors influencing the parent market growth during the forecast period. 

Stone Paper Market: Key Drivers, Trends, Challenges, and Customer Landscape

The rising concerns over deforestation are notably driving the stone paper market growth, although factors such as growing demand for the shortage of raw materials may impede the market growth. Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market. Although there has been a decrease in demand for the market during the COVID-19 pandemic, a holistic analysis of drivers will help companies refine marketing strategies to gain a competitive advantage.   

Key Stone Paper Market Driver

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. 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.

Key Stone Paper Market Trend

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, vendors 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. Current 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 vendors, 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.

Key Stone Paper Market Challenge

The greatest challenge faced by the global stone paper 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.

Key Stone Paper Market Customer Landscape

Our analysis of the Life Cycle of the Global stone paper market from the innovator’s stage to the laggard’s stage. The report illustrates the lifecycle of the global stone paper market, focusing on the adoption rates of the major regions such as the US, Canada, China, Japan, and Germany. Our researchers have included key purchase criteria, adoption rates, adoption lifecycles, and drivers of price sensitivity to help companies evaluate and develop growth strategies for 2022-2027.

Global Stone Paper Market Customer Landscape

Who are the Major Stone Paper Market Vendors?                                     

Vendors 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.

We also have detailed analyses of the market’s competitive landscape and offer information on 20 market vendors, such as

• 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
• Walgreen Co.

Qualitative and quantitative analysis of vendors 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 vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak. 

What is the Fastest-Growing Segment in the Stone Paper Market?

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 shows a gradual increase in a market share of USD 2648.87 million in 2017 and continue 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 for stone paper from enterprises in various end-user industries, including retail, which will drive the growth of the global stone paper market during the forecast period. Furthermore, our report provides a brief analysis of historical and forecast market share and their segment along with their reasons for growth from 2017 to 2027.

The growth of this segment is primarily attributed to the increasing adoption of the Stone Paper Market by residential consumers, which is driven by changing lifestyles and a growing preference for comfort.

Which are the Key Regions for Stone Paper Market?

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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. 

This report forecasts the contribution of all the segments to the growth of the market. In addition, we have included the COVID-19 impact and the recovery strategies for each segment. In 2021, the COVID-19 pandemic hampered market growth in APAC. The COVID-19 pandemic severely impacted the production of and demand for packaging solutions, including stone paper, across many manufacturing industries in 2020. The crisis affected capital spending by companies and their budgets for the sourcing of raw materials and products, such as packaging solutions, which, in turn, adversely affected the stone paper market in the region. However, with the industrial sector resuming and picking up pace in the first half of 2021 owing to the initiation of COVID-19 vaccination drives in the region, production, manufacturing, and business activities resumed. Thus, the stone paper market in the region is expected to see positive growth during the forecast period.

Segment Overview

Our report forecasts revenue growth at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. We have segmented the market based on type, product, distribution channel, and region.

• Application Outlook (USD Million, 2017 - 2027)
  • Packaging paper
  • Self-adhesive paper
  • Labeling paper
  • Others 

• Material Outlook (USD Million, 2017 - 2027)
  • Calcium carbonate
  • High-density polyethylene
  • Others

• Region Outlook (USD Million, 2017 - 2027)
  • North America
    • The U.S.
    • Canada
  • South America
    • Brazil
    • Chile
    • Argentina
  • Europe
    • The U.K.
    • Germany
    • France
    • Rest of Europe
  • APAC
    • China
    • India
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Rest of the Middle East & Africa

  Stone Paper Market Scope
  Report Coverage	Details
  Page number	120
  Base year	2022
  Historical year	2017-2021
  Forecast period	2023-2027
  Growth momentum & CAGR	Accelerate at a CAGR of 4.97%
  Market growth 2023-2027	USD 1943.79 million
  Market structure	Fragmented
  YoY growth (%)	4.45
  Regional analysis	APAC, North America, Europe, South America, and the Middle East and Africa
  Performing market contribution	APAC at 53%
  Key consumer countries	US, Canada, China, Japan, and Germany
  Competitive landscape	Leading companies, Competitive Strategies, Consumer engagement scope
  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 growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
  Customization purview	If our 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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  What are the Key Data Covered in this Stone Paper Market Report?

  • CAGR of the market during the forecast period 2023-2027
  • Detailed information on factors that will drive stone paper market growth during the next five years
  • Precise estimation of the stone paper market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the stone paper industry across APAC, North America, Europe, South America, and the Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of stone paper market vendors

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