Specialty Paper Market 2022 Analysis (8/13/18)

Specialty Paper Market 2022 Analysis (8/13/18)

According to a new Report Web (Pune, India) market report summary published late this past month (July 30, 2018) the specialty paper market accounted for $12.4 billion in 2015 and is expected to reach $26.2 billion by 2022 growing at a CAGR of 11.3%. Increasing demand for specialty paper in packaging & labeling, and rapidly growing Fast Moving Consumer Goods (FMCG) industry are the factors driving the market growth. However, deforestation, harmful carbon emissions from paper manufacturing, and shortage of raw materials are inhibiting the market growth.

Infrastructure can be the challenging factor in the global market. The opportunity lies in emerging economies, new destinations for development and in nanotechnology. The availability of customizable specialty paper products with preferred properties is an added advantage driving the specialty paper market.

By product type, flexible packaging paper segment is expected to witness high compound annual growth rate during the forecast period, whereas the market for printing papers is deteriorating due to digitalization. Packaging & labeling segment dominated the global specialty paper market with major share and is expected to continue its dominance throughout the forecast period (to 2022).

Europe is anticipated to be the largest market for Specialty Paper, whereas Asia Pacific is projected to grow at a faster pace. The markets of China and India are projected to be lucrative due to increasing demand for specialty paper, urbanization, and rising consumer awareness.