San Francisco, Oct 26 The
global stone
paper industry is expected to reach USD 22.88 billion by 2024
owing to the rising demand from key application segments, such as packaging,
labeling, and self-adhesive paper. The growing application scope of the product
in the aforementioned segments is attributed to the minimal environmental
impacts, with regards to usage of water and energy, carbon emissions, and
deforestation.
Packaging
is the major application segment for the product, globally. The other key
applications include labeling and self-adhesive paper. With the rapid growth in
industries such as packaging, education, corporate and government firms, among
others, there has been a considerable increase in demand for labeling and
self-adhesive paper for labeling applications. These applications are integral
to aesthetics enhancement, archiving, documentation, and several other
processes in the aforementioned end-user segments.
Browse full research report on Stone Paper Market:
www.grandviewresearch.com/industry-analysis/stone-paper-market
Further key findings from the report suggest
- Globally,
packaging and self-adhesive paper segments are expected to witness
significant growth during the forecast period, growing at CAGRs of over 4%
during the forecast period; this rapid growth can be attributed to rapidly
growing demand for eco-friendly packaging and labeling solutions for various
products, driven by rising consumer awareness regarding deforestation and
use of plastics, globally.
- Asia Pacific
dominated the industry in 2015 with an estimated revenue of over USD 7
billion; this regional market is projected to grow significantly over the
coming years owing to growing middle-class population, increasing
disposably incomes, and rising consumer awareness regarding the negative
impacts of pulp-based paper manufacture and the use of plastics.
- In the Asia
Pacific region, the packaging segment is expected to grow at a CAGR of
over 5% in terms of volume. Rising consumer awareness regarding the
benefits of the product over its counterparts coupled with low
environmental impact is expected to drive demand over the forecast period.
- The regional
market is dominated by China; the market is expected to witness volume
growth at a CAGR of over 5% during the forecast period. China was one of
the largest producer and consumer of the product in 2015. This trend is
expected to continue over the forecast period owing to robust industrial
policies as well as developing end-use markets.
- Key
participants in the industry include Stone Paper Company Ltd., Soluz,
KapStone, Parax Paper, and Taiwan Lung Meng Technology Co. Ltd., among
others. In recent years, new product developments have been the major
growth strategy adopted by key players for strengthening their positions
in the global market.
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Grand
View Research has segmented the global stone paper market on the basis of
application and region:
Application
Outlook (Volume, Kilo tons; Revenue, USD Million; 2013 - 2024)
- Paper
packaging
- Labeling
paper
- Self-adhesive
paper
- Others
Regional
Outlook (Volume, Kilo tons; Revenue, USD Million, 2013 - 2024)
- North America
- U.S.
- Rest of
North America
- Europe
- UK
- Germany
- Rest of
Europe
- Asia Pacific
- China
- India
- Japan
- Rest of Asia
Pacific
- Latin America
- Brazil
- Rest of
Latin America
- Middle East
& Africa
- South Africa
- Rest of
Middle East & Africa
Browse press release of this report
by Grand View Research: www.grandviewresearch.com/press-release/global-stone-paper-market
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company, registered
in the State of California and headquartered in San Francisco. The company
provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
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range of industries, from technology to chemicals, materials and healthcare.
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