Specialty Papers Market 2021 Global Industry Size, Share, Growth Analysis and Developments to 2026 - International Paper Company, Stora Enso Oyj, Mondi Group PLC

The Global Specialty Papers Market report size 2021 present’s insights on the current and future development trends, global & regional scale, revenue growth, and profitability. The report also covers market share, production, challenges, constraints, drivers, and including different key players.

The Global “Specialty Papers Market” research report offers an overview of several major countries with key factors that are expected to market developments, dynamics, growth drivers, and business factors. The report present Key market segments valued based on Specialty Papers market size, growth rate and share. This report declares the historical and current market trends that are create the scope of the Specialty Papers industry. Also, it can provide an analysis of the impact of the Covid-19 pandemic that spread across various geographic regions over the globe. In detailed, the report delivers types of products, applications, end-users and countries, among others.

The specialty papers market is expected to register a CAGR of 6.8% over the forecast period 2021 to 2026.

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Top Companies in the Global Specialty Papers Market: International Paper Company, Stora Enso Oyj, Nippon Paper Industries Co., Ltd., Mondi Group PLC, Sappi Limited, ITC Limited, Domtar Corporation, Nordic Paper, Twin Rivers Paper Company, LINTEC Corporation, BillerudKorsn’s AB, Glatfelter, Fedrigoni, Munksjo Group, and Others.

Industry News and Update:

- In April 2020 - Nippon Paper Industries and its wholly-owned subsidiary, Paper Australia Pty Ltd, announced the completion of the purchase of Orora Limited's paperboard and fiber-based packaging business in Australia/New Zealand. Through the acquisition of the Business, Nippon Paper Group will be entering the integrated corrugated paperboard manufacturing business in the Oceania region.

Key Market Trend:

Food Service Industry is Expected to hold Significant Share

- With the increasing disposable income and hectic lifestyles of the urban population, the demand for packaged food products is increasing significantly. As specialty paper is extensively used in the foodservice segment for packaging takeout products, the increasing consumption of packaged food products is driving the demand for specialty paper. For instance, Just Eat PLC in the United Kingdom reported that the household expenditure on takeaways is expected to reach GBP 11.2 billion by 2021.
- In Foodservice industry specialty papers are increasingly being used for carryout boxes, carryout bags, paper tubes, paper plates, and cups, and more as they provide good barrier performance, high wet strength, excellent flexibility, print-ability, and increases the shelf life of a product and also enables seamless transportation handling.
- Also, packaging and labeling have become differentiating factors for potential customers in the industry. Therefore, manufacturers and marketers are constantly innovating and improving their packaging and labeling solutions to attract potential buyers. This is further expected to boost the market growth for specialty papers in the foodservice industry.

Regional Analysis:

North America is Expected to hold the Largest Share

- The North America specialty paper market reached a volume of 9.24 Million Metric Tons in 2019 and is expected to hold the largest market share.
- The rising trend for on-the-go eating coupled with the rise of the foodservice industry in the region is some of the prominent factors that are expected to fuel the adoption of specialty papers in the region over the forecast period. According to Home Chef, Americans spend an incredible USD 70,000 on takeout and delivery in their lifetime.
- The market players are also witnessing strategic acquisitions as a lucrative opportunity to expand its market presence in the region. In February 2020, Pixelle Specialty Solutions completed its acquisition of specialty papers mills from Verso Corporation. In a move that allowed the company to extend its production capacity to one million tons annually.
- The region also is witnessing an increased output from the quick-service restaurant (QSR). This is expected to fuel market growth over the forecast period. For instance, according to the International Franchise Association, the Output of the quick-service restaurant (QSR) franchise industry in the United States reached USD 255.53 billion.

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What Are The Market Factors That Are Explained In The Report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Analytical Tools: The Global Specialty Papers Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

Frequently Asked Questions about Specialty Papers market:

–   Who are the key players operating in the Specialty Papers market?
–   Which is the leading segment in the market?
–   At What CAGR is the market projected to grow in the forecast period (2021-2026)?
–   What is the key factor driving the market?
–   Which data rates would lead the market during the forecast period?
–   Which region is expected to dominate the Specialty Papers market in the next five years? 

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This release was published on openPR.