Global Specialty Paper Market 2017-2021
About Specialty Paper
Developed countries are shifting toward plastic packaging as it is more sustainable compared with paper. As the developed countries are technologically advanced, they can invest in innovative recycling methods for plastics. This poses a challenge for paper packaging and products as recycled paper does not provide high-quality properties required by specialty paper.
Technavio’s analysts forecast the global specialty paper market to grow at a CAGR of 4.37% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global specialty paper market for 2017-2021. To calculate the market size, the report considers the volume of specialty paper produced by the vendors for application in various sectors.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Specialty Paper Market 2017-2021
Technavio recognizes the following companies as the key players in the global specialty papers market: Domtar, Fedrigoni, International Paper, Mondi, and Stora
Other Prominent Vendors in the market are: Glatfelter, Griff Paper and Film, Kanzaki Specialty Papers, NIPPON PAPER GROUP, Robert Wilson Paper, Sappi, Voith, and Verso Specialty Papers
Commenting on the report, an analyst from Technavio’s team said: “Biomaterial is defined as a substance that has been engineered or created from living organisms. With respect to paper and pulp manufacturing industries, it is the science of making or deriving products from plant sources instead of conventional sources such as wood. This shift in the trend of manufacturing specialty papers from wood to biomaterials mainly arises from the need for paper industries to counteract the rapid growth of digitization, which is suppressing the demand for papers. Global growth in paper consumption since 2008 to 2015 had plunged by 80%, which has resulted in many companies such as UPM-Kymmene and Stora Enso to switch to innovative alternatives that include biomaterials. Companies are also shifting toward the use of biomaterials as they are more sustainable, compared with traditional raw materials.”
According to the report, the packaging of tea bags accounted for 4% of the global market share of tea packaging, and the remaining 96% was accounted for packet tea in 2015. Despite low market share, packaging of tea bags is growing at a CAGR of 10.5%. The growth of tea bags, made of paper, is growing at a rapid rate as they are biodegradable. Around 70%-80% of tea bags made out of specialty paper are biodegradable. Nearly 85% of the world's tea bags are made of Manila hemp (Abaca). Tea bag papers, designed using Manila hemp have high-quality cellulose fibers that offer excellent infusion and high retention of tea particles.
Further, the report states that rapid advances in electronic data transmission and storage and online filing systems implemented by various sectors have adverse effects on the number of paper applications. Digitization of information has replaced traditional paper applications such as print publishing, storage of vital information such as medical records, traffic citations, and financial statements. The shift in storing information through digital formats has resulted in the decline of paper demand. For instance, most medical facilities and healthcare centers that recorded medical information in specialty papers have switched to recording medical statements in digital formats.
Domtar, Fedrigoni, International Paper, Mondi, Stora, Glatfelter, Griff Paper and Film, Kanzaki Specialty Papers, NIPPON PAPER GROUP, Robert Wilson Paper, Sappi, Voith, Verso Specialty Papers.
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