Specialty Paper and Paperboards Market is expected to grow at a CAGR of 8.1% during the forecasted period | Evolve Business Intelligence

As per the study initiated by Evolve Business Intelligence, the global Specialty Paper and Paperboards Market size accounted for USD 50.1 Billion in 2023, growing at a CAGR of 8.1% from 2023 to 2033. Specialty paper and paperboards refer to a category of paper products that are designed and manufactured for specific applications or purposes, often requiring unique properties, characteristics, or performance attributes. These papers and paperboards are distinct from standard or commodity papers due to their specialized nature.

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The demand for specialty paper and paperboards is often driven by specific end-use applications, such as packaging, labeling, printing, and others. For example, packaging boards with barrier properties for food packaging or high-quality paper for printing premium magazines. Advances in papermaking technology and the development of innovative paper grades with enhanced functionalities drive the market. This includes papers with improved strength, durability, printability, and eco-friendly attributes. Changing consumer preferences and trends, such as the increasing demand for sustainable and eco-friendly packaging solutions, influence the market. Specialty papers with recycled content or those derived from sustainable sources are gaining popularity

Key Players
Some of the major Specialty Paper and paperboard market players holding high market shares include KapStone, Glatfelter, and International Paper. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders. Some of the other major market players include Domtar, SMW, Georgia-Pacific, Ahlstrom-Munksjö, Kohler, UPM, Oji Group, Mondi

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Segmental Analysis
Based on Application, the Specialty Paper and paperboard market is a Packaging and Labeling, Food Service, Printing and Publication, Building and Construction. The packaging and labeling industry is continuously growing due to the increasing demand for packaged goods across various sectors like food & beverage, personal care, pharmaceuticals, and e-commerce. Specialty papers offer superior properties like strength, grease resistance, and heat resistance, making them ideal for various packaging and labeling applications. Consumers are increasingly demanding eco-friendly packaging solutions, and specialty papers often offer better sustainability compared to other materials like plastic

Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Spain, Russia, Nordic Countries, BeNeLux, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Rest of Asia Pacific)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa, Rest of MEA)
• Latin America (Mexico, Brazil, Argentina, Rest of Latin America)

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