Lucintel Blog: Lucintel Forecasts Specialty Paper Market to Reach $35.6 Billion by 2028

Friday, August 18, 2023

Lucintel Forecasts Specialty Paper Market to Reach $35.6 Billion by 2028

According to the recent study the specialty paper market is projected to reach an estimated $35.6 billion by 2028 from $27.5 billion in 2023, at a CAGR of 5.4% from 2023 to 2028. Growth in this market is primarily driven by growing use of these papers for packaging and packed foods, e-commerce activities, roofing and flooring and increasing interest in eco-friendly goods that reduce post-consumer waste.

A more than 150–page report is developed to understand trends, opportunities and forecast in specialty paper market by product (décor, thermal, carbonless, kraft, and others), application (packaging & labeling, printing & publishing, building & construction, industrial, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).

Download sample report by clicking on below link

https://www.lucintel.com/specialty-paper-market.aspx

“Kraft market is expected to remain the largest segment during the forecast period.”

Based on product, the specialty paper market is segmented into décor, thermal, carbonless, kraft, and others. Lucintel forecasts that the kraft market is expected to remain the largest segment due to the growing use of specialty paper in kraft owing to their porosity, flexibility, printability, and durability characteristics.

“Within the specialty paper market, the packaging & labeling segment is expected to remain the largest application.”

Based on application the packaging & labeling segment is expected to witness the highest growth over the forecast period due to the significant usage of specialty paper in currency, security papers, cheque paper, and postage stamp.

“Europe will dominate the specialty paper market in near future.”

Europe will remain the largest region due to the growing online shopping activities that drives the demand for specialized paper-based packaging and protected product delivery and the presence of major food manufacturers in the region.

Download Brochure of this report by clicking on https://www.lucintel.com/specialty-paper-market.aspx.

Major players of specialty paper market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Domtar, Glatfelter, Mondi, Sappi, Fedrigoni, and International Paper Company are among the major specialty paper providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/specialty-paper-market.aspx or helpdesk@lucintel.com.

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com.

Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056

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