Specialty Paper Market size is expected to foresee significant growth over the projected timespan owing to rising online shopping sector in developed & emerging economies as these materials are used to store and transport products. In China, over 70% of internet users were reported to shop online in 2018 owing to high customer penetration, increased frequency of discounts & sales, and burgeoning consumer inclination to try different products. —
Specialty paper has diverse applications ranging from packaging material, décor papers, carbonless copy paper, and coffee filters owing to its customizable nature and economic feasibility which may specialty paper foster market share.
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Increase in real estate construction and changing consumer perceptions towards wallpapers owing to ecofriendly nature and absence of harmful chemicals such as lead, xylene, and benzene in commercial & residential wallpapers may stimulate specialty paper market share. In U.S., the number of households fitted with new wallpapers was over 14 million in 2018 owing to rise in construction and renovation activities.
Specialty paper is widely used in manufacturing wallpapers to cover and decorate the interior walls of offices, homes, and other buildings owing to various characteristics such as convenient installation, environmental protection, and color diversity. Specialty paper can be customized with respect to various architectural styles such as victorian, georgian, neoclassical, modern, and contemporary which may accelerate market share.
Increasing demand of specialty papers in food industry owing to growing demand and changing consumer perceptions towards fast food consumption may stimulate specialty paper market share. Various types of specialty food grade papers are utilized such as water & oil resistant paper for oxygen absorbing or drying, baking papers to retain moisture & suppleness in products such as cakes, pastries, and croissants.
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Specialized paper are widely use in seafood industry to package frozen raw produce such as fish, lobsters, and shrimps owing to its water resistant properties which prevent the formation of anaerobic bacteria thus preventing degradation of white meat and foul odor. In Belgium, the market of shelf table fish and seafood was over USD 215 million in 2017 owing to rise in demand for exotic sea produce such as lobsters, clams, sturgeon, salmon, & tuna, and increased awareness on potential benefits of fish protein such as omega 3.
North America specialty paper market size led by U.S., and Canada should witness a significant growth during forecasted period owing to rise in geriatric population and increasing demand for specialty paper in medical industry. Modern healthcare practices require high demand of medical packaging quality products to prevent cross contamination as specialized paper is widely used in applications which require high microbial barrier properties.
In U.S., medicaid healthcare spending was valued at over USD 370 billion in 2018 owing to rise in autoimmune, respiratory, and cardiovascular diseases. Specialized paper is widely used in sterilizing activities, packaging medical instruments, and disposing medical waste which may accelerate specialty paper market growth.
Europe driven by UK, Germany, Italy, and France specialty paper market size may witness substantiate growth during forecasted period. Rise in automobile industry and stringent regulations by European Union to curb carbon emissions may foster market share. In Germany sales in automobile industry was over USD 475 billion in 2018 owing to rising inclination in millennials to own private vehicles and easy availability of automotive loans.
Specialized filter paper inhibits the passage of abrasive organic & inorganic matter entering the engines cylinders and thus prevents contamination with fuel to reduce carbon discharge in form of exhaust fume. Its characteristics such as high filtration efficiency, dust holding capacity, and pore size distribution may fuel specialty paper market growth.
Asia Pacific specialty paper market share led by China, India, and Japan may see significant growth during forecasted period. Increasing air pollutions levels in metropolitan cities and rising consumer awareness on dermatological health may accelerate market share. Specialized paper is widely used in cosmetic industry for manufacturing pore strips and packaging materials.
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Global specialty paper market share is consolidated as market consist of limited players. Companies such as Stora Enso, Mondi, Domtar, Asia Pulp & Paper, Sappi, International Paper, Nippon Paper Group, and Oji Holdings are key players in this market.
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Organization: Global Market Insights, Inc.
Release ID: 88911448