Specialty Papers Market Research Report Information By Raw Material (Pulp, Fillers & Binders, Additives, Others), By Type (Décor Paper, Flexible Packaging Papers, Release Liner Paper, Printing Paper, Masking Tape, Others), By Application (Building & Construction, Packaging & Labeling, Industrial, Printing & Writing, Others), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Market Forecast Till 2030
ID: MRFR/CnM/2167-HCR | 140 Pages | Author: Snehal Singh | October 2023
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Global Specialty Papers Market Overview
The Specialty Papers Market Size was valued at USD 44.79 Billion in 2022. The Specialty Papers industry is projected to grow from USD 48.10 Billion in 2023 to USD 71.25 Billion by 2030, exhibiting a compound annual growth rate (CAGR) of 5.97% during the forecast period (2023 - 2030). Paper grades referred to as specialty papers have unique qualities and features that are intended for a particular end application. Specialty paper is made from pulp (from wood chips, recycled paper, wood pulp, and cotton fiber), which is then coated with specialist chemicals to make it suitable for a particular function. The specialized paper market for the paper industry has grown to be successful. Paper money, coffee filters, décor papers, insulating paper, and carbonless copy paper are just a few of the everyday items that customers encounter.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Specialty Papers Market Trends
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Increasing usage of specialty papers across a range of end industries
Specialty paper is in higher demand across a range of sectors due to its wide properties, high quality, and distinctive features. This has increased the number of smokers and driven up the price of filter paper used in cigarette manufacture. As a result, the market for specialty paper is seeing rising demand due to the growing use of specialty paper in different industrial applications.
Specialty Papers Market Segment Insights
Specialty Papers Raw Material Insights
The market segmentation, based on Raw Material, includes Pulp, Fillers & Binders, Additives, and Others. The Pulp segment holds the majority share in 2022, contributing to the Specialty Papers revenue. Due to the widespread use of wood pulp in paper production. Wood pulp is relatively inexpensive and widely available, making it an attractive raw material for many paper manufacturers.
Specialty Papers Type Insights
Based on Type, the market segmentation includes Décor Paper, Flexible Packaging Papers, Release Liner Paper, Printing Paper, Masking Tape, and Others. The Décor Paper segment dominated the market. owing to its wide range of applications in flooring, paneling, and furniture surfaces. These papers are available in single color or are printed with a range of designs.
Specialty Papers Application Insights
Based on Application, the market segmentation includes Building & Construction, Packaging & Labeling, Industrial, Printing & Writing, and Others. The Packaging & Labeling segment is the largest segment of the market. Packaging and labeling are essential components of the modern supply chain, and specialty papers are widely used in the production of packaging and labeling materials. Specialty papers can be designed to provide a range of properties, such as moisture resistance, barrier properties, and printability, making them well-suited for use in a wide range of packaging and labeling applications.
Figure 2: Specialty Papers Market, by Raw Material, 2022 & 2030 (USD Million)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Specialty Papers Regional Insights
By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific dominates the specialty paper market because Chinese customers are more aware of the numerous packaging materials available, as well as the availability of raw resources for specialty paper manufacture. Due to growing corporate growth and customer awareness for specialty paper. China is driving the expansion of the Asia-Pacific market due to the rising need for specialty paper in ink printing sectors, which promotes demand for specialty paper, while Germany dominates the European market due to the region's expanding usage of specialty paper on bottles as labels.
Figure 3: SPECIALTY PAPERS MARKET SHARE BY REGION 2022 (%)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Specialty Papers Key Market Players & Competitive Insights
Major market players are spending a lot of money on R&D to increase their product lines, which will help the market grow even more. Market participants are also taking various strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the Specialty Papers industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.
Manufacturing locally to cut operating costs is one of the main business tactics manufacturers use in the Specialty Papers industry to benefit customers and expand the market sector. Major market players, including Nippon Paper Group Inc, Griff Paper and Film, Domtar Corporation, Robert Wilson Paper Corporation, Mondi, and others, are attempting to increase market demand by funding R&D initiatives.
Nippon Paper Group Inc. is a Japanese pulp and paper company. Nippon Paper Group's business is divided into four segments. Paper and Pulp Manufacturing: This segment is responsible for the production and sale of printing paper, paperboard, pulp, and other paper products. Energy and Environment: This segment includes the generation and supply of electricity, heat, and steam using biomass and other renewable resources. The company also engages in the treatment and recycling of waste. Building Materials: This segment produces and sells housing materials, including structural panels, flooring, and interior finish materials. Other: This segment includes the company's non-paper businesses, such as the production and sale of functional materials and chemicals.
Griff Paper and Film is a US-based company that specializes in the development and production of specialty papers and films for a wide range of applications. Griff Paper and Film offers a broad range of products, including release liners, thermal transfer ribbons, medical packaging materials, and food packaging materials. The company's products are used in a variety of industries, including healthcare, food and beverage, industrial, and automotive. The company's specialty papers and films are designed to provide specific properties, such as moisture resistance, barrier properties, printability, and durability. Griff Paper and Film's products are also available in a range of sizes, thicknesses, and colors to meet the needs of different applications.
List of the Key Companies in the Specialty Papers market include
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Griff Paper and Film
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Domtar Corporation
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Robert Wilson Paper Corporation
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Mondi Plc
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Sappi Limited
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Kanzaki Specialty Papers Inc
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Stora Enso Oyj
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Munksjo Corporation
Specialty Papers Industry Development
December 2021: Stora Enso Oyj invested EUR 23 million into board production at a Varkaussite in Finland. The investment will be completed at the end of 2022 to increase the flexibility of the product range available for customers and to grow the site’s total capacity by approximately 10%.
Specialty Papers Market Segmentation
Specialty Papers Raw Material Outlook
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Pulp
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Fillers & Binders
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Additives
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Others
Specialty Papers Type Outlook
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Décor Paper
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Flexible Packaging Papers
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Release Liner Paper
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Printing Paper
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Masking Tape
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Others
Specialty Papers Application Outlook
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Building & Construction
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Packaging & Labeling
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Industrial
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Printing & Writing
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Others
Specialty Papers Regional Outlook
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North America
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US
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Canada
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Europe
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Germany
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France
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UK
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Italy
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Spain
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Rest of Europe
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Asia-Pacific
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China
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Japan
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India
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Australia
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South Korea
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Australia
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Rest of Asia-Pacific
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Rest of the World
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Middle East
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Africa
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Latin America
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Report Scope:
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 44.79 Billion |
| Market Size 2023 | USD 48.10 Billion |
| Market Size 2030 | USD 71.25 Billion |
| Compound Annual Growth Rate (CAGR) | 5.97% (2023-2030) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2030 |
| Historical Data | 2018 & 2022 |
| Market Forecast Units | Value (USD Million) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Raw Material, Type, Application, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and Rest of the World |
| Countries Covered | The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Nippon Paper Group Inc, Griff Paper and Film, Domtar Corporation, Robert Wilson Paper Corporation, Mondi Plc, International Paper Company, Sappi Limited, Kanzaki Specialty Papers Inc, Stora Enso Oyj, Munksjo Corporation |
| Key Market Opportunities | The growing trend of the online shopping |
| Key Market Dynamics | Growing demand for specialty paper from the food & beverages sector |
Frequently Asked Questions (FAQ) :
The Specialty Papers market size was valued at USD 44.79 Billion in 2022
The market is projected to grow at a CAGR of 5.97% during the forecast period, 2023-2030
Asia Pacific had the largest share of the Specialty Papers market
The key players in the market are Nippon Paper Group Inc, Griff Paper and Film, Domtar Corporation, Robert Wilson Paper Corporation, Mondi Plc, International Paper Company, Sappi Limited, Kanzaki Specialty Papers Inc, Stora Enso Oyj, Munksjo Corporation
The Décor Paper category dominated the market in 2022
The Packaging & Labeling segment had the largest share of the market for Specialty Papers
Key Questions Answered
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