According to the latest report by IMARC Group, titled “Specialty Paper Market Report: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the global specialty paper market size reached 31.9 Million Metric Tons in 2018. Specialty papers are superior quality papers that are manufactured using nano-based materials, composites and fibers. Various kinds of pulp including wood pulp, wood chips, cotton fiber and recycled paper are also utilized in their production. These papers are designed for specific applications as they possess numerous beneficial properties like dimensional stability, density, porosity, smoothness, and absorptivity. As a result, they are extensively employed across diverse industries such as retail, healthcare, construction, packaging and labeling, and laundry care.
Global Specialty Market Trends:
Owing to their unique properties like enhanced moisture retention, pH levels and hygiene, specialty papers are apt to be used as a packaging material across the food and beverage industry. Significant growth in the industry on account of changing lifestyle and inflating disposable income levels is driving the demand for these papers. Furthermore, escalating sales of on-the-go food products, coupled with the increasing popularity of single-serve instant beverage mix sachets, is also positively influencing the sales of these papers. Moreover, they are widely used in the e-commerce sector for labeling and packaging applications. Apart from this, increasing regulations on the use of plastic bags on a global level due to a rise in environmental concerns have led users to make a shift towards specialty paper alternatives. These papers are also utilized for safeguarding a wide range of merchandise during transportation. Also, specialty papers are widely utilized for the production of masking tapes used in the construction industry. On account of the aforementioned factors, the market volume is anticipated to reach 42.8 Million Metric Tons by 2024, growing at a CAGR of around 5.1% during 2019-2024.
Get a PDF Sample for more detailed market insights: https://www.imarcgroup.com/specialty-paper-market/requestsample
Market Summary:
Browse similar reports by IMARC Group:
Global Retort Pouches Market Report and Forecast: https://www.imarcgroup.com/retort-pouches-market
Global Corrugated Boxes Market Report and Forecast: https://www.imarcgroup.com/prefeasibility-report-corrugated-box-manufacturing-plant
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Media ContactCompany Name: IMARC GroupContact Person: Richard LewisEmail: Send EmailPhone: 6317911145Address:309 2nd St City: BrooklynState: New YorkCountry: United StatesWebsite: www.imarcgroup.com