SPECIALTY PAPER MARKET ANALYSIS

Specialty Paper MarketSize and Trends

Market Dynamics

• A major driver for growth of the global specialty paper market is growing food and beverage sector. For instance, according to Food Drink Europe, food and drink industry in European Union (EU) in 2016, was valued over US$ 1265 billion. Furthermore, food and drinks products of over US$ 106 billion were exported to non-EU market in 2016.
• However, carbon emissions arising from paper manufacturing process may hamper growth of the global specialty paper market. Many paper units in China closed down sue to the ban on waste paper due to pollution issues. According to United States Environmental Protection Agency (EPA), it is mandatory for owners or operators of facilities that produce pulp or paper and emit 25,000 metric tons or more of Green House Gases per year from pulp and paper manufacturing processes, stationary combustion, miscellaneous uses of carbonate, and other source categories must report emissions. Stringent regulations on food and beverage packaging is another restraint for global specialty paper market growth.

Market Outlook

• According to the Coherent Market Insights analysis, Europe held the dominant position in the market in 2017, and Asia Pacific is projected to be the fastest growing region in the global specialty paper market, owing to high consumption of tea, which is propelling demand for specialty paper in packet tea application. According to Food Drink Europe, In European Union (EU), there was 9% increase in processed tea and coffee import from 2014-2015.
• Among applications, the packaging and labeling segment is projected to gain major traction over the forecast period, owing to high demand for specialty paper from the packaging industry.