Specialty Papers Market is projected to reach USD 28.73 billion by 2023

Market Scenario

Specialty papers are one of the special grades of paper. They have special characteristics and properties and are designed for certain end user. Sometimes, normal papers are converted into specialty paper by the use of chemicals. The growing trend of the online shopping in both developed and developing countries, is driving the demand of specialty paper market. Growing demand of specialty paper from food & beverages sector also has a positive influence on the market growth. However, growing the trends of plastic packaging which is more sustainable compared with paper, is the factor that may hamper the growth of market.

Global specialty papers market is projected to reach USD 28.73 billion by 2023, at a CAGR of 5.7% from 2017 to 2023.

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The market has been analyzed based on types, materials, applications, and regions. On the basis of types, global specialty papers market is segmented as décor paper, flexible packaging papers, release liner paper, printing paper, masking tape and others. The flexible packaging paper is estimated to be the fastest growing type during the forecast period. Printing paper is also a major type of specialty paper. It shows remarkable growth during the forecast period due to high-grade printing papers with high printability and color reproducibility, and water-resistant printing papers. Masking tape, another type of specialty paper, consists of paper with a self-adhesive coating on the back. It is used for protection against splashes of color or paint in renovation or painting activities.

Manufacturing Dominates the Application Segment of the Global Specialty Papers Market:
On the basis of applications, the Global Specialty Papers Market is segmented as building & construction, packaging & labeling, industrial, printing & writing and others. Packaging & labeling dominates the application segment of the Global Specialty Papers Market. The growing demand for paper-based packaging in the food sector and growth of the pressure-sensitive labels is fueling the growth of the market. Packaging & labeling is estimated to be the fastest growing application during the forecast period.

Printing & writing is the second-largest application segment. Growing consumer’s preference for laminated sheets and wallpapers for residential and commercial interiors is fueling the growth of the market.

Scope of the Report:
This study provides an overview of the Global Specialty Papers Market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific, and Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the Global Specialty Papers Market as technology, capacity and application.

By Type
• Décor Paper
• Flexible Packaging Papers
• Release Liner Paper
• Printing Paper
• Masking Tape
• Others

By Raw Material
• Pulp
• Fillers & Binders
• Additives
• Other

By Application
• Building & Construction
• Packaging & Labeling
• Industrial
• Printing & Writing
• Others

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This release was published on openPR.