Specialty Papers Market to Expand with Significant 2% CAGR During 2018 to 2027

Fact.MR study opines that sales of specialty papers are surging in the wake of associated beneficial attributes, ranging from enhanced strength to smoothness. Use of MFCs has witnessed a considerable uptick on the back of its high material strength, which has been identified as a pervasive trend gaining momentum in the global market space. Moreover, increasing sensitivity toward environmental sustainability is one of the overarching trends contributing to the growth of specialty papers market.

Packaging and Labelling Industry Drive Demand

As per the report, demand for kraft specialty papers possessing good printability and processability attributes combined with high versatility is witnessing an uptick, with volume sales valued at 5,665 tons in 2018. Décor specialty papers trail the former in terms of popularity, driven by the pervasiveness of DIY art and craft, home décor, and gifting. Specialty papers are also extensively used in crafting masking tapes, which are employed in masking off walls as well as doorframes.

Request to View Sample of Report @ https://www.factmr.com/connectus/sample?flag=S&rep_id=2450

Packaging and labelling industry represents the largest end-use segment in terms of demand for specialty papers with impressive revenue statistics, both in 2018 as well as 2017. Upswing in demand for cost-effective media serving small to medium order quantities with utmost flexibility is fostering the popularity of specialty papersin the packaging and labeling industry. Building and construction represents the second-most notable end-use segment and offers multiple opportunities for the manufacturers to tap into, with volume sales of 3,775 tons recorded in 2018.

Customized Specialty Papers Witness Significant Uptick in Demand

Specialty papers market is witnessing a notable surge in demand for customized products in a wide range of colors and ream weights. Innovative approach in combination with manufacturing flexibility is enabling specialty papers’ manufacturers to offer a portfolio of customized products crafted for common as well as niche applications. High scale proliferation of e-commerce and subsequent growth in shipments are also fuelling the adoption of high-grade specialty papers to facilitate recyclable packaging.

The demand for specialty papers remains closely associated with demographic shifts and consumer trends such as preference for convenience and sustainability, finds Fact.MR. Persistent innovation has been identified to be paramount for growth amid the customer marketplace, which can be fuelled by seasonal inspirations derived from sources such as consumer-goods companies, consumer surveys, social media and so on.

Management of operating costs in production of specialty papers remains one of the key areas, wherein companies need to attain a tighter grip. Despite the fact that this aspect receives continual attention from management, the evolving trends convey that there is still remarkable potential for cost reduction by moving away from the conventional approaches and moving to the next level of cost optimization via smart work.

Competitive Landscape

The report on the specialty papers market includes detailed profiles of all the major companies operating in the specialty papers market. The report also offers a dashboard view of the leading players in the specialty papers market. The information on the business strategies by the key players along with the SWOT analysis of each company is included in the report on the specialty papers market. Major players in the specialty Papers market are focusing on global expansion, and new product launches with advanced features. Strategic partnerships and mergers and acquisitions is also the key focus area of the companies.

Definition

Specialty papers are highly engineered papers designed for special market applications. Various types of specialty papers include thermal papers, décor papers, carbonless papers, kraft papers, and label papers. Specialty papers are finding large application in home décor, packaging, labels, posters, etc.

A Methodology of this Report is Available upon Request @ https://www.factmr.com/connectus/sample?flag=RM&rep_id=2450

About the Report

The report on the specialty papers market includes valuable insights into the key trends, latest developments and growth opportunities in the specialty papers market globally. The important factors resulting in the growth of the specialty papers market along with factors hampering its growth is also provided in the report. The report also focuses on historical data, forecast, and current scenario along with market drivers in the specialty papers market.

Matched content

Editor’s pick