Specialty Papers Market Size

Specialty Paper Market Analysis

The speciality papers market is expected to register a CAGR of 6.8% over the forecast period. Specialty paper provides enhanced moisture retention, pH levels, and hygiene, making it suitable for packaging materials in the food and beverage, lifestyle, and cosmetics industries. Also, rising disposable incomes have increased the demand for high-quality packaging material, boosting the market growth.

• The changing lifestyle has increased fast food consumption, and eat-on-the-go food has propelled growth. Also, the increasing trend of online food ordering and delivering it to the doorstep is expected to support market growth. This trend has surged since covid. The food delivery restaurants use speciality paper to pack products to prevent the development from becoming dishevelled by the customer. The growth in online delivery will support market growth. For instance, according to The Economic Times, the size of online food delivery experienced a decline owing to COVID-19 and restrictions on the moment for goods. Still, the market is projected to regain traction by 35 % and reach USD 12.8 billion by 2025.
• Sustainable improvement in the specialty paper, such as water-based barrier coating and lightweight and special performance coating, is rising due to constant research and development in enhancing specialty paper. Likewise, high-performance composites, biodegradability, and nano-materials are poised to give rise to new markets in the foreseeable future and will continue to boost the global market growth.
• The market is gaining traction owing to its rising applications in the e-commerce activities such as packaging, storing, and transportation. Other basic applications of specialty papers other than high-end packaging include printing invitations and decoration. Additionally, the growing usage of the latest design, colors, and materials in home decor drives new and advanced décor papers. Owing to its convenience, strength, and less environmental impact, kraft paper is witnessing growing demand for wrapping, sacks, and pouches to handle goods.
• Moreover, the availability of customizable specialty paper products with specific properties according to end-user preference is an advantage driving the global specialty paper market. However, carbon emissions from the paper manufacturing processes and deforestation are projected to be a substantial disadvantage of specialty papers, hindering their market growth.
• With the recent outbreak of COVID-19, the specialty papers manufacturer is facing supply chain disruption and decreasing manufacturing at the site in many parts of the world. However, Governments across the globe have deemed food-related businesses essential, owing to which the demand for packaging from specialty papers is expected to be steady during the period. Further, the Russia-Ukraine war has an impact on the overall packaging ecosystem