Specialty Paper Market worth 34,879.08 KT by 2020

The report “Specialty Paper Market by Type (Decor Paper, Release Liner Paper, Packaging Paper, and Printing Paper), by Application (Building & Construction, Industrial, Packaging & Labeling, and Printing & Writing), by Raw Material (Pulp, Fillers & Binders, Additives, and Coatings) & by Region - Global Trends & Forecasts to 2020”defines and segments of the specialty paper market with analyses and projection of the size and trends, in terms of value as well as volume. It also identifies the driving and restraining factors for the market with analyses of opportunities, burning issues, and challenges. The market has been segmented into key regions such as North America, Europe, Asia-Pacific, and Rest of the World (RoW); their market in terms of value and volume has been projected. The size of the markets in key countries has also been covered and projected.

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The specialty paper industry is witnessing growth due to increasing consumer demand for high-quality products in sectors providing food & beverages, cosmetics, and lifestyle products. The packaging paper required for these products needs to possess specific properties related to moisture retentions, hygiene, durability, and pH levels. The specialty paper market is mainly driven by the packaging & labeling application.

The printing application of specialty paper is affected by the increasing digitization; however, specialty grades required for printing currency notes and specialty bond papers is witnessing demand. The market dynamics for specialty paper are complex and are changing with time.

The specialty paper market, in terms of volume, is projected to reach 34,879.08 KT by 2020, growing at a CAGR of around 6.59% from 2015. Factors such as improving economic condition in countries and increasing end-use applications are the major drivers of the specialty paper market. Specialty papers are one of the special grades of paper, which have specific characteristics and properties and are designed for some particular end use. Specialty paper is segmented on the basis of type into decor paper, release liner paper, packaging paper, and printing paper. In terms of application, the market for specialty paper is classified into building & construction, industrial, packaging & labeling, printing & writing, and others (medical application, automobile filter application, and banking application). Packaging & labeling dominated the specialty paper market, having contributed around ~46% share in 2014.

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