GCC Stone Paper Market Size to Hit US$ 518.8 Million by 2028 | With a 17.8% CAGR

The latest report by IMARC Group, titled "GCC Stone Paper Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028". The GCC stone paper market size reached US$ 188.3 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 518.8 Million by 2028, exhibiting a growth rate (CAGR) of 17.8% during 2023-2028.

Stone paper, also known as mineral paper or rock paper, is a sustainable and innovative alternative to traditional wood-based paper. It is primarily composed of calcium carbonate, a mineral derived from limestone or waste marble. The production process involves grinding down the stone into a fine powder, which is then combined with a small amount of non-toxic resin. This mixture is then pressed into sheets, creating a durable and smooth surface suitable for writing and printing. Stone paper is renowned for its eco-friendly attributes, as it requires no water or bleach in its production and significantly reduces deforestation. The material is also recyclable, creating a closed-loop system that minimizes environmental impact. Its durability and resistance to water make it a compelling choice for various applications, from notebooks and packaging to labels and outdoor signage. As the global demand for sustainable alternatives grows, stone paper has emerged as a viable option, aligning with the increasing focus on environmentally conscious practices in various industries.

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GCC Stone Paper Market Trends and Drivers:

One significant factor is the rising environmental awareness and a growing emphasis on sustainable practices across industries. As businesses and consumers in the Gulf Cooperation Council (GCC) region become more conscious of their ecological footprint, the demand for environmentally friendly products like stone paper has seen a notable uptick. Additionally, the unique properties of stone paper further contribute to its market growth in the GCC region. Stone paper is water-resistant, durable, and recyclable, making it an attractive choice for applications such as packaging, labels, and printing. The ability of stone paper to withstand harsh environmental conditions prevalent in the region, such as high temperatures, positions it as a practical and reliable alternative. Other than this, the economic prosperity of the GCC countries plays a role in the market's expansion. With a growing economy comes an increased demand for various products, including sustainable alternatives like stone paper. As businesses look for ways to align with global sustainability goals, the adoption of environmentally friendly materials becomes a strategic choice. Besides this, stringent regulations and government initiatives promoting sustainable practices have played a pivotal role in propelling the stone paper market forward. Governments in the GCC countries are implementing policies that encourage the use of eco-friendly materials and discourage practices that contribute to deforestation. This has led to a shift in preference toward stone paper, which is produced without the need for wood pulp, thus mitigating the impact on forests.

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Application:

Packaging
Printing and Writing
Others

Breakup by Country:

Saudi Arabia
United Arab Emirates
Qatar
Kuwait
Oman
Bahrain

Competitors Landscape with Key Players:

Azerbaijan Green Paper Company
Hangzhou Gerson Paper Co. Ltd
Pishgaman Sanat Sabz Company
Shanxi Uni-Moon Lungmeng Green Paper Co. Ltd.
Shenzhen Stone Paper New Materials Co. Ltd
Taiwan Lung Meng Technology Corporation Limited
TBM Co. Ltd.

Explore Full Report with TOC: https://www.imarcgroup.com/gcc-stone-paper-market

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