Rugged Expansion Foreseen by Speciality Paper Market During 2027

Western Europe to Remain the Largest Market for Specialty Paper

Sales of specialty paper will reach nearly 25000 thousand tons in 2017, and this number is further estimated to exceed 40,000 thousand tons by 2027-end, according to a report by Future Market Insights (FMI). FMI’s report projects the global specialty paper market to register a steady 5.2% volume CAGR during the forecast period 2017 to 2027. The market is estimated to exhibit an absolute $ opportunity of US$ 21.59 Bn during the forecast period.

Speciality paper sales in Western Europe, the largest market for specialty paper, are expected to surpass 10,000 thousand tons by 2027-end, followed by North America and Asia Pacific Excluding Japan (APEJ). However, APEJ is projected to be the fastest-growing market at 6.7% volume CAGR in the global specialty paper market, followed by Japan and Eastern Europe. North America will hold highest share of the market in terms of value (Bn).

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Growing Consumption of Beer to Drive Demand for Specialty Paper in Labelling

Growing sales of pharmaceutical products is influencing the growth of packaging & labelling industry. Thermal paper caters to labelling requirements of pharmaceutical products for providing information including expiry date, price, and other related data of the product in brief. Growing consumption of beer has influenced the growth of beer bottle and specialty paper manufacturers globally. These manufacturers focus primarily on innovation in labels for gaining consumer attraction. These factors are expected to drive the growth of the global specialty paper market during the forecast period. In addition, widespread application of glassine paper, which is resistant to water and grease, as a protection to food including meat and baked products is further fuelling the market growth.

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Developed economies are inclining toward polyethylene terephthalate packaging owing to its property of multi-layer protection. This offers longer shelf life and sustainability to products as compared to specialty paper. In addition, regulatory authorities are focusing on overcoming deforestation and carbon emissions- . Reduced tree cutting will directly impact the availability of wood for specialty paper production. The aforementioned factors are estimated to restrain market growth during the forecast period.

Key players identified in FMI’s report include Mondi Ltd., Nippon paper industries Co., Ltd., Domtar Corporation, Stora Enso Oyj, International Paper Co., P.H. Glatfelter Co., UPM-Kymmene Oyj, AhlstromMunksjö Oyj, Oji Holdings Corp., Fedrigoni Spa.

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This release was published on openPR.