Specialty Paper and Paperboards Market - Global Industry Analysis 2024
Specialty Paper and Paperboards Market: Overview
Though
there is no set distinction between paper and paperboard, the latter
(single- or multi-ply) is normally thicker in comparison. Specialty
paper and paperboards require distinct and elite raw materials and have
similar applications.
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Specialty
papers are usually employed in applications with representative values
(such as cheques, money, vouchers, and security papers, as well as in
packaging (wrapping paper and wallpaper), construction (construction
paper, paper engineering, and composite materials) and others (such as
litmus paper, blotting paper, and electrical insulation paper).
Specialty
paperboards are usually utilized as cardboard boxes for packaging and
drawing boards for students in faculties such as the arts, architecture,
and engineering and also as sign boards in advertising and hard board
covers for books, magazines, and notebooks. They are used to manufacture
containers, cartons, and trays employed to serve food as well as store
medicines, food, and dairy products.
Specialty Paper and Paperboards Market Trends
Packaging
applications hold a major share in the specialty paper and paperboards
market, followed by printing and graphics. Consumption has been observed
to be related to economic trends (GDP). The industry requires extensive
investments, which is why a few prominent players usually dominate the
market in a region.
The
usage of digital media has increased for marketing and advertising
purposes since it offers exposure to a large population and is
economical and environment friendly. A major cause of deforestation is
the requirement of paper, which can be lessened by using digital media.
This can be considered as a constraint for the market for specialty
paper and paperboards.
Retail
sector, an ever-growing and organized market, has resulted in an
amplified demand of food & beverages and other consumer care
products. The number of supermarkets and hypermarkets is also
increasing. These factors are expected to be the drivers for the market
for specialty paper and paperboards.
Specialty Paper and Paperboards Market Segmentation
Based
on product, the specialty paper market can be segmented into the
following divisions: waterproof paper, cotton paper, craft paper,
tracing paper, medical grade paper, cigarette paper, and others. In
terms of raw materials, the market can be divided into the following
categories: additives, fillers, binders, pulp, and others. List of
applicationss includes packaging, medical, construction, security,
insulation, decoration, and others.
By
product, the specialty paperboard market can be split into the
following segments: drawing board, specialty cardboard box, containers
& cartons, and others. The type-based groups are virgin boards and
recycled boards, while applications include the arts, printing &
graphics, packaging, food service, pharmaceuticals, and others.
Specialty Paper and Paperboards Market: Region-wise Outlook
The
market for specialty paper and paperboards is dominated by Europe,
followed by North America, in terms of consumption due to its wide
variety of industry applications, easy availability, and increasing
disposable incomes of consumers. In North America, the U.S. constitutes a
major share in the market. In recent years, the market has expanded and
this trend is likely to continue. Asia Pacific is anticipated to
develop at a higher rate in comparison to other regions. Increasing
population and industrialization in the region is projected to be a
major factor for increasing demand for specialty paper and paperboards
here. Countries such as China, Indonesia, and India are likely to
witness substantial growth.
Specialty Paper and Paperboards Market: Key Players
Key
players operating in the specialty paper and paperboards market include
The Paper Mill Store Inc., PAPERWORKS, Carthage Specialty Paperboard,
ITC-PSPD, Voith, Speciality Papers Ltd., Dow Chemical Company, SNP Inc.,
Turners Falls Paper, and Mantrose-Haeuser Co. Inc.
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The
report offers a comprehensive evaluation of the market. It does so via
in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and assumptions.
By doing so, the research report serves as a repository of analysis and
information for every facet of the market, including but not limited to:
Regional markets, technology, types, and applications.
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