Fact.MR states that the global specialty papers market is expected to surpass US$ 60 Bn expanding at a CAGR of 7% across 2021-2031. Manufacturers of specialty papers are focusing on eco-friendly papers and developing e-commerce distribution channels for uplifting sales and reaching a wider consumer range.
Historically, between 2016 and 2020, sales of specialty papers surpassed a market value US$ 29 Bn by the end of the aforementioned period. Due to the COVID-19 pandemic, the specialty papers industry suffered in the initial phase of the lockdown. As the restrictions around the world are uplifted, the sales of specialty papers are expected to upsurge.
Companies of specialty papers are focusing on launching papers that are environmentally friendly and would reduce waste. This, in turn, will upsurge the demand for specialty papers.
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Key Segments Covered
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By Product
- Thermal Specialty Paper
- Décor Specialty Paper
- Label Specialty Paper
- Kraft Specialty Paper
- Carbonless Specialty Paper
- Printing Specialty Papers
- Release Linear Papers
- Other Specialty Papers
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By Application
- Specialty Papers for Building & Construction
- Specialty Papers for Food & Beverage
- Specialty Papers for Pharmaceuticals
- Specialty Papers for Packaging and Publishing
- Specialty Papers for Electricals
- Specialty Papers for Other Applications
Key Takeaways from the Market Study
- By product, décor papers to account for considerable revenue, amounting to 40%
- Kraft paper sales to likely expand at a CAGR exceeding 6% through 2031
- By application, packaging & labeling to account for highest usage, capturing over a third of total sales
- Printing & publishing and building & construction to jointly contribute over half of total revenue
- Europe and Asia to dominate specialty papers sales, yielding 2/5th of revenue
- China to register an impressive valuation, clocking a CAGR above 7% through 2031
“Increasing consciousness regarding environment along with emerging design trends is propelling the demand for specialty papers.” opines a Fact.MR analyst.
Competitive Landscape
Key players in the specialty papers industry are focusing on offering sustainable solutions that would last for a longer period of time.
- In March 2020, International Paper, announced their plan to spin off the printing papers segment into a standalone one named SpinCo.
- In June 2021, introduced fiber based packaging solutions named EverGrow. The company is focusing on using sustainably sourced wood fiber and building a 100% reusable, recyclable and compostable product portfolio.
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