Specialty Paper Market Size, Share, Growth Report 2032

The global specialty paper market size was worth around USD 16.31 billion in 2022 and is predicted to grow to around USD 29.98 billion by 2030 with a compound annual growth rate (CAGR) of roughly 7.91% between 2023 and 2030.

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Global Specialty Paper Market: Overview

Specialty papers are superior quality papers that are designed for specific purposes. They possess specific features and properties along with proficiency in print technologies and design. These papers are manufactured by using nano-based materials, wood pulp, fibers, and composites; together they are fed into the machines with certain chemicals and then they are converted into specialty paper. Specialty paper holds some special performance characteristics such as chemical properties, physical properties, electrical properties, optical properties, and others. Specialty thermal papers are used for the labeling purpose in the packaging industry. They can be used in various end-use industries which include retail, laundry care, healthcare, and others.

Global Specialty Paper Market: Growth Factors

The growth of the market is attributed to the increasing usage of specialty paper in the e-technology. Increasing adoption of the specialty paper in both developed and developing regions anticipates driving the global specialty paper market. Rising industrial output owing to increasing consumer expenditure on packed goods will enhance the market in a positive way. Growth in the urban population and the rising awareness towards specialty paper are some of the key drivers that are contributing to the growth of the market. Specialty paper is a major segment of the paper industry; changes in the consumer behavior, rapid urbanization, and rising standards of living are expected to open up new growth opportunities. Many vendors are focusing on going eco-friendly due to the adverse environmental effects that are caused due to deforestation. However, lack of availability and the high cost of the raw materials may restrain the global specialty paper market growth.

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Global Specialty Paper Market: Segmentation

The global specialty paper market is segregated based on the application, product type, and raw materials. The application segment is categorized into printing & writing, building & construction, industrial application, and others. On the basis of product type, the global market is fragmented into flexible packaging papers, décor papers, pharmaceutical leaflet papers, release & label, and others. Furthermore, the raw material segment is divided into fillers and binders, additives, pulp, and others.

Specialty Paper Market: Report Scope

Global Specialty Paper Market: Regional Analysis

The specialty paper market is dominated by the European region. This is due to the increasing use of the specialty paper in the end-user applications and its easy availability. Asia Pacific region also expects to witness significant market growth in the near future due to the increasing disposable income, population growth, rapid urbanization, and the growing international trade in the region. North America is expected to be a mature market in which the US holds the largest market share. Other emerging economies such as South Africa, China, Russia, Brazil, and India expect to show a healthy market growth in the near future. Latin America anticipates showing a strong market growth in the coming years.

Global Specialty Paper Market: Competitive Players

• Munksjo Corporation
• Nippon Paper Group
• Imperial Tobacco Company
• Mondi Plc.
• Domtar Corporation
• International Paper
• Glatfeller
• Sequana
• Stora Enso
• Sappi Ltd.

Global Specialty Paper Market: Segment Analysis

By Product

• Flexible Packaging Papers
• Décor Papers
• Pharmaceutical Leaflet Papers
• Release & Label
• Others

By Row Material

• Fillers And Binders
• Additives
• Pulp
• Others

By Application

• Printing & Writing
• Building & Construction
• Industrial
• Others

By Region

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa