Transparency Market Research Report Added "Specialty Paper Market" to its database.
Albany, NY -- (SBWIRE) -- 07/23/2015 -- Specialty paper includes both coated as well as uncoated paper formulated and produced to meet the precise packaging, labeling,and printing requirements of customers with varied and specific paper needs. Specialty paper comprises two primary product lines – technical paper and packaging paper. Technical paper consists of face paper, thermal transfer, release liners,and direct thermal base paperfor use in self-adhesive labels. Packaging paper isformed to safeguard, transport, and recognize a broad range of merchandise. Flexible packaging paper is often utilized as a part of multilayer package structure in amalgamation with films, foils, extruded coatings, boards, and other material. For instance, flexible packaging papers can be utilized in pouches, lidding, bags, spiral can application, andproduct packaging among others.
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Rising demand for specialty paper in end-user industries forpackaging and labeling applications is driving the specialty paper market. Additionally,rapid growth in the fast moving consumer goods (FMCG) industry is expected to boost demand for specialty paper. Rising disposable income and increasing purchase power parity of the middle income population is a positive influence on the fast moving consumer goods market globally. The middle income population comprises the largest proportion of the global population. There is a rapid rise in consumerism across the world, especially in the emerging markets of developing countries. This has triggered increased expenditure on advertising and attractive packaging, which is an integral part of the marketing mix. The development of specialty paper and continued research has contributed to the formulation of numerous innovative solutions for the customers using specialty papers with a wide range of properties. The availability of customizable specialty paper products with desired properties is an added advantage driving the specialty paper market.
However, deforestation and harmful carbon emissions from the paper manufacturing process is a strong disadvantage with grievous effects on the overall paper market including specialty paper. Waste reduction and decrease in deforestation activities due to improved recyclinginfrastructure for paper is anticipated to offset the restraining effect of the paper manufacturing process. Market players in the paper industries are actively investing efforts for afforestation and reforesting of the exploited areas.
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Geographically, Asia Pacific is estimated to be the leading market for specialty paperdue to rapid growth in the industrial use of specialty paperin packaging and labelling applications being witnessed in the region. The major growth in the industrial use of specialty paper has been observed in China, South Korea, Japan, and India due to swift technological advancements and high growth in consumer products as a result of rising population and increasing per capita purchase power parity. North America and Europe are mature marketswith average growth rates driven mainly by packaging and labeling applications of specialty paper in food, pharmaceuticals, and personal care industries.Latin America, the Middle East, and Africa are small but rapidly growing markets. Increasing penetration of consumer goods industry, and packaging and labeling requirements of these goods thereof is anticipated to be a major driver for the specialty paper market in these regions.
The specialty paper market is fragmented in nature due to the wide variety of customer requirements and numerous solution providers with differentiated capabilities. Some of the global players are vertically integrated to benefit from the secure and low cost supply of the highly regulated key raw materialssuch as wood. Some of the major players operating in the specialty papermarket include Oji Holdings Corporation, Sappi Limited, Asia Pulp & Paper Co. Limited, Stora Enso Oyj, andNippon Paper Industries Co., Ltd.
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Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR's global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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