The global speciality paper market is estimated to be valued at nearly US$ 31 Bn in 2017 and is projected to reach approximately US$ 54 Bn by the end of forecast period. The global speciality paper market is anticipated to expand at a CAGR of 5.7% during the forecast period (2017–2027) in terms of value. Western Europe and North America are the global leaders, both in terms of consumption as well as production of speciality paper, and the regions together are estimated to account for more than half of the global speciality paper market. In terms of volume, the global speciality paper market is estimated to register a CAGR of 5.2% over the forecast period.
Adoption of light weight glassine paper resistant to grease and water is boosting the speciality paper market in Western Europe
The key role of packaging is marketing besides its primary function of protection and transportation. Non-rigid packaging solutions promote visual impressions conveyed by the package. Speciality paper helps provide better performance, lower weight and less scope of contamination, increasing the shelf life of a product and also enabling seamless transportation handling. A wide range of applications such as pouches, bags, wrapping and paper based flexible packaging is a major factor boosting the growth of the speciality paper market in Western Europe. Moreover, the presence of major players and new technology also drives the speciality paper market in this region.
Packaging tea bag demand growing in Western Europe, despite low market share
Europe is one of those regions that has a high consumption of tea. This high demand for tea is fuelled by packet tea. Although tea bags have a low market share in the region, the demand for tea bags is growing at a rapid rate due to tea bags made of speciality paper and the fact that speciality paper is biodegradable acts as an advantage to the growth of the speciality paper market in the region.
Dampening growth of speciality paper in traditional outlets hampering market growth in Western Europe
Dairy products, confectionary items, and snack foods use plastic as a material for packaging. The packaging through chemical coating provided by manufacturers in plastic packaging for dairy products and other packed items is gaining more demand in Western Europe, which may hamper the market of speciality paper in the region. However, the use of glassine paper is shifting the trend with the use of new items such as foil and other plastic wraps.
Labels with informative function, security systems and NFC technology to boost speciality paper market in Western Europe
The application of electronic labels such as QR code and NFC technology is attracting demand in Europe as it enables security and anti-counterfeit functions by authentication. Such kind of applications of labels are getting the attention of brand owners and merchants that help them to get protection from counterfeit goods and with the use of mobile applications, it helps consumers perform quick scans to avoid purchase of imitation goods. Such labels are made of speciality paper and this is helping fuel the market growth of this product in the region.
Global Speciality Paper Market Attractiveness Analysis, by Region
Among all regions, North America is estimated to account for 28.7% value share in the global speciality paper market by 2017 end, followed by Western Europe with 27.2% value share. North America is projected to exhibit a higher growth compared to Western Europe due to a downfall in the paper industry and the economic turmoil of BREXIT that has affected Western Europe. North America is also anticipated to show a higher incremental value during the forecast period compared to other regions. APEJ is projected to register a value CAGR of 7.3% over the forecast period and account for 13.9% value share by 2017 end. Japan is projected to account for 14.3% value share in the global speciality paper market by 2017 end. The market in Japan will register a CAGR of 6.6% in terms of value over the forecast period.
Technological evolution of the speciality paper market is spearheading its growth
Sustainable improvement in speciality paper such as water-based barrier coating and lightweight and special performance coating is on the rise due to constant research and development in the enhancement of speciality paper. Likewise, high performance composites, biodegradability and nano-materials are poised to give rise to new markets in the foreseeable future and will continue to boost global market growth. The availability of customisable speciality paper products with specific properties according to end-user preference is an advantage driving the global speciality paper market.
Future Market Insights presents an in-depth and insightful report on the global speciality paper market titled ‘Speciality Paper Market: Global Industry Analysis and Opportunity Assessment, 2017-2027’. The report starts with an executive summary that lists the important market numbers comprising market size (US$ Bn) and market volume (000’ Tons) for the years 2017 and 2027 along with the CAGR for the forecast period. The executive summary also states the important segments and lucrative regions in the global speciality paper market along with their market numbers. In the executive summary, the market dynamics in the form of drivers and restraints operating in the global speciality paper market are also discussed, and an exclusive section of the report is devoted to a detailed study of these market dynamics. Also, market value share by product type and by end-use industry for the year 2017 are mentioned in the executive summary. The executive summary also contains a list of the prominent players operating in the global speciality paper market. At the end of the executive summary, a concise and yet informative analysis by Future Market Insights regarding the overall market approach adopted by prominent players in the global speciality paper market is discussed. At the end of the executive summary, differentiating strategies of key market players and recommendations by Future Market Insights are stated. A section on the market taxonomy follows the executive summary.
By Product Type
By End-use Industry
The next section of the report contains the market definition of the global speciality paper market by product type, which defines the different kinds of speciality paper and their applications. After this, parent market overview of the global paper market is given that provides a sense of scale of where the global speciality paper market stands when compared with the parent market. Subsequent sections of the report contain region-wise detailed analysis of the global speciality paper market. These sections focus on the PESTLE analysis of the regional speciality markets that list down the important political, economic, social, technological, legal and environmental factors impacting the global speciality paper market. After the PESTLE analysis, the regional market analysis sections of the report contain the market dynamics of the specific regions in the form of drivers, restraints and trends operating in the speciality paper market. This is an important section of the report as it gives a regional perspective of the market dynamics operating in that particular region for the speciality paper market and explains the factors that encourage the growth of this market as well as those factors that hamper the growth of this market.
After the market dynamics section, the regional subsections of this report contain important market information in the form of market size (US$ Bn) and volume (‘000 Tons) forecast by country, by product type and by end-use industry. Also, these important sub-sections of the report contain important figures in the form of BPS analysis, year-on-year growth rates, absolute dollar opportunity and market attractiveness analysis. Also, in each of the regional sub-sections, key takeaways are highlighted, which sum up the regional potential of the speciality paper market in a nutshell. In addition, key representative market participants for each region are mentioned along with the regional heat map for the speciality paper market.
A section of the report is devoted to the competition landscape of the global speciality paper market. This competition landscape gives a dashboard view of the key companies operating in the global speciality paper market along with their important information and broad strategy adopted to stay as leaders in the global speciality paper market. Each of the leading companies is also profiled individually and important information about the company such as company details, company description, product portfolio along with key developments concerning the company and strategic analysis is presented. A SWOT analysis of each leading market player is also presented, which gives detailed information about the strengths, weakness, opportunities and threats that the company is dealing with. This competition landscape is an important section of the report as it imparts a deep understanding of the leading companies operating in the global speciality paper market and is valuable for new entrants in the field to get a learning about how the companies are leading this lucrative market and also for established market players to get a better understanding about their competitors.
Last but not the least, global market analysis forecast for the period 2017-2027 by region, by product type and by end-use industry is mentioned. The report also explains the Porter’s Five Force Model that is important for new market entrants and also for established market players as it discusses lucidly the framework for analysing the competition in the global speciality paper market along with business strategy development. In addition, pricing analysis for each of the seven regions and value chain analysis for the speciality paper market is also given towards the end of the report.
Overall market size has been analysed through historical data, primary responses, and public domain data. Revenue of companies in the global speciality paper market has been benchmarked to ascertain the market size for the base year. Macroeconomic indicators such as GDP and industry growth have been considered to forecast the market size over the assessment period. The historical growth trend of end-use industries, market participants’ performance, as well as the present macro-economic outlook has been taken into consideration for estimating the overall market trend forecast. This data is then validated using the triangulation method and is extensively scrutinised using advanced tools to garner quantitative and qualitative insights into the global speciality paper market.